SANDS CAPITAL MANAGEMENT, LLC
SEC Form 13F institutional filer · CIK 0001020066
13F-HR · 34 reported holdings · 2026-03-31
Sands Capital Management, LLC is an asset manager.
Reported long-US-equity value
$15.06B
Top-10 concentration
73.9%
SANDS CAPITAL MANAGEMENT, LLC — $15.1B AUM allocation strategy
SANDS CAPITAL MANAGEMENT, LLC files SEC Form 13F and reports $15.1B of long US equity value across 34 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 30.0%, followed by Communication Services 23.2% and Consumer Discretionary 17.7%.
The top 10 holdings account for 74% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
SANDS CAPITAL MANAGEMENT, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$15.1B
total across 34 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
74% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$GOOG +185K sh · −$72.3M+$PWR +49.5K sh · +$100M+$MCK +27K sh · +$31.2M
Biggest trims (shares)
−$NOW −3.81M sh · −$585M−$NVDA −1.96M sh · −$584M−$ICE −1.12M sh · −$202M
Exited to nil (held last quarter, gone now)
$ROP ($128M last qtr)$CDNS ($78.8M last qtr)$AJG ($63.2M last qtr)$IWM ($3.89M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors23.9%—
- Interactive Media & Services14.7%—
- Broadline Retail9.3%—
- Transaction & Payment Processing Services7.7%—
- Movies & Entertainment6.0%—
- Financial Exchanges & Data4.5%—
- Automotive Retail4.4%—
- Aerospace & Defense4.4%—
- Other holdings25.0%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 18.1M | $3.15B | -1.96M | 20.9% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 5.12M | $1.47B | +185K | 9.8% |
| $AMZN | Amazon.com Inc | 6.72M | $1.4B | -721K | 9.3% |
| $NFLX | Netflix Inc | 9.41M | $905M | -608K | 6.0% |
| $V | Visa Inc | 2.77M | $837M | -320K | 5.6% |
| $META | Meta Platforms Inc | 1.28M | $732M | +24.3K | 4.9% |
| $ICE | Intercontinental Exchange Inc | 4.38M | $690M | -1.12M | 4.6% |
| $CVNA | Carvana Co | 2.12M | $666M | -325K | 4.4% |
| $AXON | Axon Enterprise Inc | 1.56M | $664M | -44.9K | 4.4% |
| $ISRG | Intuitive Surgical Inc | 1.32M | $609M | -55.7K | 4.0% |
…and 24 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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