SANDS CAPITAL MANAGEMENT, LLC

CIK: 0001020066SEC EDGAR →

Portfolio Value

$32.9B

Holdings

66

As of

Q4 2025

New Positions

64

Closed Positions

0

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

NVIDIA CORPORATION

20,043,571$3.7B
11.37%
2

TAIWAN SEMICONDUCTOR MFG LTD

6,826,175$2.1B
6.31%
3

AMAZON COM INC

7,440,012$1.7B
5.22%
4

ALPHABET INC

4,939,049$1.5B
4.70%
5

SHOPIFY INC

9,506,036$1.5B
4.65%
6

MICROSOFT CORP

2,470,769$1.2B
3.63%
7

VISA INC

3,090,129$1.1B
3.29%
8

CARVANA CO

2,442,534$1.0B
3.13%
9

DOORDASH INC

4,496,607$1.0B
3.10%
10

NETFLIX INC

10,023,088$939.8M
2.86%

Quarterly Changes

Top Buys

NFLX↑ Increased
$938.4M
APP↑ Increased
$729.7M
ISRG↑ Increased
$599.0M
NOW↑ Increased
$587.5M
ASML↑ Increased
$511.6M

Top Sells

MSFT↓ Decreased
$1.2B
TSM↓ Decreased
$509.0M
XYZ↓ Decreased
$452.6M
TEAM↓ Decreased
$399.7M
DC4CLOSED
$332.0M

New Positions (6)

$243.5M · 577K shares
$195.7M · 622K shares
$76.8M · 805K shares
$3.9M · 8K shares
$3.5M · 20K shares
$1.1M · 8K shares

Closed Positions (4)

$332.0M · 4.9M shares
$263.3M · 936K shares
$106.2M · 7.5M shares
$22.5M · 116K shares

Sector Breakdown

Sector# HoldingsValue%
Technology28$12.8B49.0%
Consumer Cyclical8$4.6B17.4%
Communication Services6$3.7B14.2%
Financial Services6$3.0B11.5%
Industrials8$1.6B6.0%
Healthcare7$469.7M1.8%
Basic Materials1$25.2M0.1%
Unknown2$1.2M0.0%