Filed: 8/13/2025ACC: 0001020066-25-000028
📋 What this filing means
SANDS CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 66 equity positions with a total reported market value of $34.83B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
66
Positions
$34.83B
Total AUM (reported)
275.12M
Total Shares
Allocation by class
COM$17.42B50.0%
CL A$4.66B13.4%
COM CL A$2.61B7.5%
SPONSORED ADS$2.38B6.8%
SHS$1.74B5.0%
CL A COM$1.34B3.8%
SPONSORD ADS$908.14M2.6%
Portfolio Concentration
Top 3$7.37B21.2%
4–10$9.72B27.9%
11–25$11.43B32.8%
Rest$6.31B18.1%
Top 3 weight
21.2%
Top 10 weight
49.1%
Voting Authority Distribution
Total shares with voting rights: 275.12M
Sole
Full voting authority
196.50M
shares
% of voting shares71.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
78.62M
shares
% of voting shares28.6%
Investment Discretion (by position count)
Sole66
Shared0
Other0
Dominant voting typeSole · 71.4% of voting shares
Institutional Holdings66
Rows:
NVIDIA CORPORATION
SOLEShares21.56M
TypeSH
Market value$3.41B
9.78%
Sole
15.19M
Shared
0.00
None
6.37M
AMAZON COM INC
SOLEShares9.23M
TypeSH
Market value$2.02B
5.81%
Sole
6.37M
Shared
0.00
None
2.86M
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares8.55M
TypeSH
Market value$1.94B
5.56%
Sole
6.22M
Shared
0.00
None
2.33M
NETFLIX INC
SOLEShares1.13M
TypeSH
Market value$1.52B
4.35%
Sole
783.46K
Shared
0.00
None
348.22K
MICROSOFT CORP
SOLEShares2.95M
TypeSH
Market value$1.47B
4.22%
Sole
2.21M
Shared
0.00
None
741.01K
SERVICENOW INC
SOLEShares1.41M
TypeSH
Market value$1.45B
4.16%
Sole
1.03M
Shared
0.00
None
382.47K
VISA INC
SOLEShares4.03M
TypeSH
Market value$1.43B
4.11%
Sole
2.95M
Shared
0.00
None
1.08M
MERCADOLIBRE INC
SOLEShares513.53K
TypeSH
Market value$1.34B
3.85%
Sole
359.17K
Shared
0.00
None
154.37K
AXON ENTERPRISE INC
SOLEShares1.61M
TypeSH
Market value$1.33B
3.83%
Sole
1.17M
Shared
0.00
None
443.85K
DOORDASH INC
SOLEShares4.79M
TypeSH
Market value$1.18B
3.39%
Sole
3.34M
Shared
0.00
None
1.46M
SPOTIFY TECHNOLOGY S A
SOLEShares1.35M
TypeSH
Market value$1.04B
2.98%
Sole
931.88K
Shared
0.00
None
422.92K
INTERCONTINENTAL EXCHANGE IN
SOLEShares5.31M
TypeSH
Market value$974.78M
2.80%
Sole
3.79M
Shared
0.00
None
1.52M
CLOUDFLARE INC
SOLEShares4.93M
TypeSH
Market value$965.22M
2.77%
Sole
3.56M
Shared
0.00
None
1.37M
META PLATFORMS INC
SOLEShares1.31M
TypeSH
Market value$963.98M
2.77%
Sole
934.65K
Shared
0.00
None
371.39K
SEA LTD
SOLEShares5.68M
TypeSH
Market value$908.14M
2.61%
Sole
4.03M
Shared
0.00
None
1.65M
DEXCOM INC
SOLEShares9.95M
TypeSH
Market value$868.36M
2.49%
Sole
6.67M
Shared
0.00
None
3.27M
SHOPIFY INC
SOLEShares7.49M
TypeSH
Market value$864.27M
2.48%
Sole
5.22M
Shared
0.00
None
2.27M
SAMSARA INC
SOLEShares19.28M
TypeSH
Market value$766.81M
2.20%
Sole
13.34M
Shared
0.00
None
5.94M
NU HLDGS LTD
SOLEShares54.50M
TypeSH
Market value$747.80M
2.15%
Sole
38.66M
Shared
0.00
None
15.84M
BLOCK INC
SOLEShares10.34M
TypeSH
Market value$702.45M
2.02%
Sole
7.09M
Shared
0.00
None
3.25M
FLUTTER ENTMT PLC
SOLEShares2.12M
TypeSH
Market value$606.28M
1.74%
Sole
1.41M
Shared
0.00
None
711.25K
ALPHABET INC
SOLEShares3.09M
TypeSH
Market value$543.82M
1.56%
Sole
2.02M
Shared
0.00
None
1.07M
ATLASSIAN CORPORATION
SOLEShares2.59M
TypeSH
Market value$525.74M
1.51%
Sole
1.78M
Shared
0.00
None
805.60K
BROADCOM INC
SOLEShares1.84M
TypeSH
Market value$508.11M
1.46%
Sole
1.24M
Shared
0.00
None
603K
IRHYTHM TECHNOLOGIES INC
SOLEShares2.92M
TypeSH
Market value$448.87M
1.29%
Sole
1.91M
Shared
0.00
None
1.01M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 21.56M | SH | $3.41B 9.78% | 15.19M | 0.00 | 6.37M |
AMAZON COM INCSOLE | COM | 9.23M | SH | $2.02B 5.81% | 6.37M | 0.00 | 2.86M |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 8.55M | SH | $1.94B 5.56% | 6.22M | 0.00 | 2.33M |
NETFLIX INCSOLE | COM | 1.13M | SH | $1.52B 4.35% | 783.46K | 0.00 | 348.22K |
MICROSOFT CORPSOLE | COM | 2.95M | SH | $1.47B 4.22% | 2.21M | 0.00 | 741.01K |
SERVICENOW INCSOLE | COM | 1.41M | SH | $1.45B 4.16% | 1.03M | 0.00 | 382.47K |
VISA INCSOLE | COM CL A | 4.03M | SH | $1.43B 4.11% | 2.95M | 0.00 | 1.08M |
MERCADOLIBRE INCSOLE | COM | 513.53K | SH | $1.34B 3.85% | 359.17K | 0.00 | 154.37K |
AXON ENTERPRISE INCSOLE | COM | 1.61M | SH | $1.33B 3.83% | 1.17M | 0.00 | 443.85K |
DOORDASH INCSOLE | CL A | 4.79M | SH | $1.18B 3.39% | 3.34M | 0.00 | 1.46M |
SPOTIFY TECHNOLOGY S ASOLE | SHS | 1.35M | SH | $1.04B 2.98% | 931.88K | 0.00 | 422.92K |
INTERCONTINENTAL EXCHANGE INSOLE | COM | 5.31M | SH | $974.78M 2.80% | 3.79M | 0.00 | 1.52M |
CLOUDFLARE INCSOLE | CL A COM | 4.93M | SH | $965.22M 2.77% | 3.56M | 0.00 | 1.37M |
META PLATFORMS INCSOLE | CL A | 1.31M | SH | $963.98M 2.77% | 934.65K | 0.00 | 371.39K |
SEA LTDSOLE | SPONSORD ADS | 5.68M | SH | $908.14M 2.61% | 4.03M | 0.00 | 1.65M |
DEXCOM INCSOLE | COM | 9.95M | SH | $868.36M 2.49% | 6.67M | 0.00 | 3.27M |
SHOPIFY INCSOLE | CL A SUB VTG SHS | 7.49M | SH | $864.27M 2.48% | 5.22M | 0.00 | 2.27M |
SAMSARA INCSOLE | COM CL A | 19.28M | SH | $766.81M 2.20% | 13.34M | 0.00 | 5.94M |
NU HLDGS LTDSOLE | ORD SHS CL A | 54.50M | SH | $747.80M 2.15% | 38.66M | 0.00 | 15.84M |
BLOCK INCSOLE | CL A | 10.34M | SH | $702.45M 2.02% | 7.09M | 0.00 | 3.25M |
FLUTTER ENTMT PLCSOLE | SHS | 2.12M | SH | $606.28M 1.74% | 1.41M | 0.00 | 711.25K |
ALPHABET INCSOLE | CAP STK CL A | 3.09M | SH | $543.82M 1.56% | 2.02M | 0.00 | 1.07M |
ATLASSIAN CORPORATIONSOLE | CL A | 2.59M | SH | $525.74M 1.51% | 1.78M | 0.00 | 805.60K |
BROADCOM INCSOLE | COM | 1.84M | SH | $508.11M 1.46% | 1.24M | 0.00 | 603K |
IRHYTHM TECHNOLOGIES INCSOLE | COM | 2.92M | SH | $448.87M 1.29% | 1.91M | 0.00 | 1.01M |
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