# SANDS CAPITAL MANAGEMENT, LLC: Form 13F holdings

An institutional investment manager in ARLINGTON, VA. SEC CIK 1020066.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $26.93bn
- Positions: 71 (71 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1020066/000102006626000018/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [NVIDIA CORPORATION (NVDA)](/companies/nvda.md) | COM | $2.81bn | 10.4% | 14,059,454 |  | Reduced −4,026,288 |
| [TAIWAN SEMICONDUCTOR MANUFAC (TSM)](/companies/tsm.md) | SPONSORED ADS | $1.87bn | 7.0% | 3,925,440 |  | Reduced −1,937,245 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CAP STK CL A | $1.75bn | 6.5% | 4,893,397 |  | Reduced −231,097 |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | COM | $1.16bn | 4.3% | 4,861,223 |  | Reduced −1,857,832 |
| ASML HLDG NV | N Y REGISTRY SHS | $1.06bn | 3.9% | 533,693 |  | Reduced −106,140 |
| [BLOOM ENERGY CORP (BE)](/companies/be.md) | COM CL A | $885.9m | 3.3% | 2,926,558 |  | Added +1,147,520 |
| [AXON ENTERPRISE INC (AXON)](/companies/axon.md) | COM | $830.2m | 3.1% | 1,480,817 |  | Reduced −83,687 |
| [SHOPIFY INC (SHOP)](/companies/shop.md) | CL A SUB VTG SHS | $826.9m | 3.1% | 7,242,079 |  | Reduced −1,693,587 |
| [VISA INC (V)](/companies/v.md) | COM CL A | $815.6m | 3.0% | 2,377,099 |  | Reduced −393,332 |
| SPOTIFY TECHNOLOGY S A | SHS | $808.6m | 3.0% | 1,761,206 |  | Reduced −33,020 |
| [CLOUDFLARE INC (NET)](/companies/net.md) | CL A COM | $794.6m | 3.0% | 3,239,504 |  | Reduced −422,245 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | $695.5m | 2.6% | 720,741 |  | Added +188,849 |
| [MERCADOLIBRE INC (MELI)](/companies/meli.md) | COM | $642.0m | 2.4% | 378,208 |  | Reduced −97,247 |
| [MICRON TECHNOLOGY INC (MU)](/companies/mu.md) | COM | $608.1m | 2.3% | 526,810 |  | New +526,810 |
| [CARVANA CO (CVNA)](/companies/cvna.md) | CL A | $557.0m | 2.1% | 8,462,945 |  | Added +6,345,697 |
| [META PLATFORMS INC (META)](/companies/meta.md) | CL A | $546.3m | 2.0% | 969,879 |  | Reduced −309,242 |
| [QUANTA SVCS INC (PWR)](/companies/pwr.md) | COM | $540.4m | 2.0% | 750,479 |  | Added +124,131 |
| [INTERCONTINENTAL EXCHANGE IN (ICE)](/companies/ice.md) | COM | $499.3m | 1.9% | 4,055,771 |  | Reduced −328,527 |
| [INTUITIVE SURGICAL INC (ISRG)](/companies/isrg.md) | COM NEW | $498.1m | 1.8% | 1,252,424 |  | Reduced −68,850 |
| [LAM RESEARCH CORP (LRCX)](/companies/lrcx.md) | COM NEW | $491.4m | 1.8% | 1,133,965 |  | Added +378,743 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COM | $488.4m | 1.8% | 1,309,230 |  | Reduced −220,894 |
| [CARPENTER TECHNOLOGY CORP (CRS)](/companies/crs.md) | COM | $484.9m | 1.8% | 786,150 |  | Reduced −37,127 |
| [DOORDASH INC (DASH)](/companies/dash.md) | CL A | $429.2m | 1.6% | 2,325,795 |  | Reduced −1,631,265 |
| [APPLOVIN CORP (APP)](/companies/app.md) | COM CL A | $428.5m | 1.6% | 831,697 |  | Reduced −139,864 |
| [BLOCK INC (XYZ)](/companies/xyz.md) | CL A | $428.1m | 1.6% | 5,632,505 |  | Added +121,670 |
| [BROADCOM INC (AVGO)](/companies/avgo.md) | COM | $425.7m | 1.6% | 1,126,912 |  | Reduced −275,923 |
| [ADVANCED MICRO DEVICES INC (AMD)](/companies/amd.md) | COM | $390.7m | 1.5% | 672,555 |  | New +672,555 |
| [SPACE EXPLORATION TECHN CORP (SPCX)](/companies/spcx.md) | CLASS A COM STK | $389.0m | 1.4% | 2,276,744 |  | New +2,276,744 |
| [NETFLIX INC. (NFLX)](/companies/nflx.md) | COM | $381.0m | 1.4% | 5,336,614 |  | Reduced −4,078,054 |
| [SAMSARA INC (IOT)](/companies/iot.md) | COM CL A | $368.0m | 1.4% | 11,348,732 |  | Reduced −4,309,012 |
| [SANDISK CORP (SNDK)](/companies/sndk.md) | COM | $348.1m | 1.3% | 153,093 |  | New +153,093 |
| [CARLISLE COS INC (CSL)](/companies/csl.md) | COM | $290.2m | 1.1% | 799,872 |  | Reduced −119,742 |
| [SEA LTD (SE)](/companies/se.md) | SPONSORD ADS | $287.3m | 1.1% | 2,998,337 |  | Reduced −1,730,213 |
| [ARGENX SE (ARGX)](/companies/argx.md) | SPONSORED ADR | $277.0m | 1.0% | 298,599 |  | Reduced −41,686 |
| ON HLDG AG | NAMEN AKT A | $265.1m | 1.0% | 7,485,043 |  | Added +1,159,496 |
| [DATADOG INC (DDOG)](/companies/ddog.md) | CL A COM | $260.3m | 1.0% | 999,799 |  | Reduced −406,567 |
| [SPHERE ENTERTAINMENT CO (SPHR)](/companies/sphr.md) | CL A | $235.0m | 0.9% | 1,358,321 |  | New +1,358,321 |
| [ARM HOLDINGS PLC (ARM)](/companies/arm.md) | SPONSORED ADS | $227.9m | 0.8% | 642,829 |  | New +642,829 |
| [BUILDERS FIRSTSOURCE INC (BLDR)](/companies/bldr.md) | COM | $204.3m | 0.8% | 2,283,236 |  | Reduced −337,849 |
| NU HLDGS LTD | ORD SHS CL A | $166.7m | 0.6% | 12,475,806 |  | Reduced −21,866,415 |
| [LIBERTY MEDIA CORP DEL (FWONA)](/companies/fwona.md) | COM LBTY ONE S C | $143.6m | 0.5% | 1,509,193 |  | Reduced −50,567 |
| [MCKESSON CORP (MCK)](/companies/mck.md) | COM | $138.7m | 0.5% | 183,535 |  | Reduced −17,748 |
| [AMPHENOL CORP (APH)](/companies/aph.md) | CL A | $134.7m | 0.5% | 763,951 |  | Reduced −41,651 |
| [KASPI KZ JSC (KSPI)](/companies/kspi.md) | SPONSORED ADS | $132.6m | 0.5% | 1,531,017 |  | Reduced −55,317 |
| [COUPANG INC (CPNG)](/companies/cpng.md) | CL A | $131.3m | 0.5% | 7,559,132 |  | Reduced −1,613,055 |
| [TRANSDIGM GROUP INC (TDG)](/companies/tdg.md) | COM | $119.4m | 0.4% | 89,669 |  | Reduced −4,672 |
| [ULTRAGENYX PHARMACEUTICAL IN (RARE)](/companies/rare.md) | COM | $105.5m | 0.4% | 3,158,368 |  | Reduced −56,165 |
| FERRARI N V | COM | $104.3m | 0.4% | 280,101 |  | Reduced −7,608 |
| [WASTE CONNECTIONS INC (WCN)](/companies/wcn.md) | COM | $101.6m | 0.4% | 609,721 |  | Reduced −25,182 |
| [WOODWARD INC (WWD)](/companies/wwd.md) | COM | $65.4m | 0.2% | 153,660 |  | New +153,660 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | $61.8m | 0.2% | 16,385,578 |  | Added +7,263,146 |
| [ELI LILLY & CO (LLY)](/companies/lly.md) | COM | $54.4m | 0.2% | 45,332 |  | Added +12,445 |
| [FULL TRUCK ALLIANCE CO LTD (YMM)](/companies/ymm.md) | SPONSORED ADS | $34.9m | 0.1% | 4,294,886 |  | Reduced −675,893 |
| LINDE PLC | SHS | $28.4m | 0.1% | 54,778 |  | Added +185 |
| [HDFC BANK LTD (HDB)](/companies/hdb.md) | SPONSORED ADS | $22.4m | <0.1% | 865,858 |  | Reduced −41,794 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COM | $13.2m | <0.1% | 45,598 |  | Added +42,379 |
| [PALO ALTO NETWORKS INC (PANW)](/companies/panw.md) | COM | $10.7m | <0.1% | 31,312 |  | Reduced −129,766 |
| STEVANATO GROUP S P A | ORD SHS | $9.5m | <0.1% | 524,481 |  | Added +27,171 |
| [CROWDSTRIKE HLDGS INC (CRWD)](/companies/crwd.md) | CL A | $7.6m | <0.1% | 10,020 |  | New +10,020 |
| [INTEL CORP (INTC)](/companies/intc.md) | COM | $5.5m | <0.1% | 39,132 |  | New +39,132 |
| [ROBINHOOD MKTS INC (HOOD)](/companies/hood.md) | COM CL A | $5.3m | <0.1% | 53,032 |  | Added +49,286 |
| [TTM TECHNOLOGIES INC (TTMI)](/companies/ttmi.md) | COM | $4.4m | <0.1% | 23,625 |  | New +23,625 |
| [GITLAB INC (GTLB)](/companies/gtlb.md) | CLASS A COM | $3.9m | <0.1% | 127,475 |  | Unchanged |
| [AEROVIRONMENT INC (AVAV)](/companies/avav.md) | COM | $3.1m | <0.1% | 18,993 |  | Added +17,651 |
| [KLAVIYO INC (KVYO)](/companies/kvyo.md) | COM SER A | $3.0m | <0.1% | 198,806 |  | Reduced −396,354 |
| ISHARES TR | RUS 1000 GRW ETF | $2.8m | <0.1% | 22,200 |  | New +22,200 |
| [LUMENTUM HLDGS INC (LITE)](/companies/lite.md) | COM | $2.5m | <0.1% | 2,961 |  | Added +2,649 |
| [CEREBRAS SYSTEMS INC (CBRS)](/companies/cbrs.md) | COM CL A | $2.5m | <0.1% | 11,419 |  | New +11,419 |
| [PALANTIR TECHNOLOGIES INC (PLTR)](/companies/pltr.md) | CL A | $2.1m | <0.1% | 17,944 |  | Reduced −4,975 |
| [ALIBABA GROUP HLDG LTD (BABA)](/companies/baba.md) | SPONSORED ADS | $667.1k | <0.1% | 6,950 |  | Reduced −843 |
| BBB FOODS INC | CL A COM | $261.7k | <0.1% | 6,281 |  | New +6,281 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ARISTA NETWORKS INC (ANET)](/companies/anet.md) | COM SHS | $0 | 0.0% | 0 |  | Sold out −2,698 |
| [ATLASSIAN CORPORATION (TEAM)](/companies/team.md) | CL A | $0 | 0.0% | 0 |  | Sold out −14,281 |
| [BOSTON SCIENTIFIC CORP (BSX)](/companies/bsx.md) | COM | $0 | 0.0% | 0 |  | Sold out −736,109 |
| [FIGMA INC (FIG)](/companies/fig.md) | CLASS A COM STK | $0 | 0.0% | 0 |  | Sold out −187,577 |
| FLUTTER ENTMT PLC | SHS | $0 | 0.0% | 0 |  | Sold out −1,988,830 |
| [ROBLOX CORP (RBLX)](/companies/rblx.md) | CL A | $0 | 0.0% | 0 |  | Sold out −2,726,701 |
| [SERVICENOW INC (NOW)](/companies/now.md) | COM | $0 | 0.0% | 0 |  | Sold out −31,521 |
| [SNOWFLAKE INC (SNOW)](/companies/snow.md) | COM SHS | $0 | 0.0% | 0 |  | Sold out −4,178 |
| [TETRA TECH INC NEW (TTEK)](/companies/ttek.md) | COM | $0 | 0.0% | 0 |  | Sold out −6,658,823 |

Source: SEC EDGAR, Form 13F-HR, accession 0001020066-26-000018. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.