Filed: 2/13/2026ACC: 0001020066-26-000005
📋 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 $32.88B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
66
Positions
$32.88B
Total AUM (reported)
245.90M
Total Shares
Allocation by class
COM$14.38B43.8%
CL A$3.91B11.9%
COM CL A$2.75B8.4%
SPONSORED ADS$2.52B7.7%
CAP STK CL A$1.55B4.7%
CL A SUB VTG SHS$1.53B4.7%
SHS$1.33B4.0%
Portfolio Concentration
Top 3$7.53B22.9%
4–10$8.43B25.6%
11–25$11.54B35.1%
Rest$5.38B16.4%
Top 3 weight
22.9%
Top 10 weight
48.5%
Voting Authority Distribution
Total shares with voting rights: 245.90M
Sole
Full voting authority
177.48M
shares
% of voting shares72.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
68.42M
shares
% of voting shares27.8%
Investment Discretion (by position count)
Sole66
Shared0
Other0
Dominant voting typeSole · 72.2% of voting shares
Institutional Holdings66
Rows:
NVIDIA CORPORATION
SOLEShares20.04M
TypeSH
Market value$3.74B
11.37%
Sole
14.34M
Shared
0.00
None
5.70M
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares6.83M
TypeSH
Market value$2.07B
6.31%
Sole
4.74M
Shared
0.00
None
2.09M
AMAZON COM INC
SOLEShares7.44M
TypeSH
Market value$1.72B
5.22%
Sole
5.06M
Shared
0.00
None
2.38M
ALPHABET INC
SOLEShares4.94M
TypeSH
Market value$1.55B
4.70%
Sole
3.28M
Shared
0.00
None
1.66M
SHOPIFY INC
SOLEShares9.51M
TypeSH
Market value$1.53B
4.65%
Sole
6.77M
Shared
0.00
None
2.74M
MICROSOFT CORP
SOLEShares2.47M
TypeSH
Market value$1.19B
3.63%
Sole
1.82M
Shared
0.00
None
646.77K
VISA INC
SOLEShares3.09M
TypeSH
Market value$1.08B
3.30%
Sole
2.32M
Shared
0.00
None
770.72K
CARVANA CO
SOLEShares2.44M
TypeSH
Market value$1.03B
3.14%
Sole
1.64M
Shared
0.00
None
802.96K
MERCADOLIBRE INC
SOLEShares509.64K
TypeSH
Market value$1.03B
3.12%
Sole
369.55K
Shared
0.00
None
140.10K
DOORDASH INC
SOLEShares4.50M
TypeSH
Market value$1.02B
3.10%
Sole
3.11M
Shared
0.00
None
1.39M
APPLOVIN CORP
SOLEShares1.46M
TypeSH
Market value$986.04M
3.00%
Sole
997.17K
Shared
0.00
None
466.18K
NETFLIX INC
SOLEShares10.02M
TypeSH
Market value$939.76M
2.86%
Sole
6.92M
Shared
0.00
None
3.10M
AXON ENTERPRISE INC
SOLEShares1.61M
TypeSH
Market value$914.05M
2.78%
Sole
1.16M
Shared
0.00
None
450.89K
INTERCONTINENTAL EXCHANGE IN
SOLEShares5.50M
TypeSH
Market value$891.25M
2.71%
Sole
3.95M
Shared
0.00
None
1.55M
SPOTIFY TECHNOLOGY S A
SOLEShares1.47M
TypeSH
Market value$853.56M
2.60%
Sole
1M
Shared
0.00
None
466.11K
META PLATFORMS INC
SOLEShares1.25M
TypeSH
Market value$828.33M
2.52%
Sole
860.70K
Shared
0.00
None
394.17K
INTUITIVE SURGICAL INC
SOLEShares1.38M
TypeSH
Market value$779.85M
2.37%
Sole
1.04M
Shared
0.00
None
338.94K
NU HLDGS LTD
SOLEShares44.42M
TypeSH
Market value$743.66M
2.26%
Sole
31.45M
Shared
0.00
None
12.97M
CLOUDFLARE INC
SOLEShares3.73M
TypeSH
Market value$735.62M
2.24%
Sole
2.73M
Shared
0.00
None
998.44K
BROADCOM INC
SOLEShares2.11M
TypeSH
Market value$731.84M
2.23%
Sole
1.40M
Shared
0.00
None
712.53K
ASML HOLDING N V
SOLEShares669.99K
TypeSH
Market value$716.79M
2.18%
Sole
465.39K
Shared
0.00
None
204.59K
SEA LTD
SOLEShares5.50M
TypeSH
Market value$701.76M
2.13%
Sole
3.86M
Shared
0.00
None
1.64M
SAMSARA INC
SOLEShares19.12M
TypeSH
Market value$677.92M
2.06%
Sole
12.96M
Shared
0.00
None
6.16M
SERVICENOW INC
SOLEShares3.84M
TypeSH
Market value$588.70M
1.79%
Sole
2.92M
Shared
0.00
None
920.21K
FLUTTER ENTMT PLC
SOLEShares2.09M
TypeSH
Market value$448.80M
1.37%
Sole
1.40M
Shared
0.00
None
685.61K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 20.04M | SH | $3.74B 11.37% | 14.34M | 0.00 | 5.70M |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 6.83M | SH | $2.07B 6.31% | 4.74M | 0.00 | 2.09M |
AMAZON COM INCSOLE | COM | 7.44M | SH | $1.72B 5.22% | 5.06M | 0.00 | 2.38M |
ALPHABET INCSOLE | CAP STK CL A | 4.94M | SH | $1.55B 4.70% | 3.28M | 0.00 | 1.66M |
SHOPIFY INCSOLE | CL A SUB VTG SHS | 9.51M | SH | $1.53B 4.65% | 6.77M | 0.00 | 2.74M |
MICROSOFT CORPSOLE | COM | 2.47M | SH | $1.19B 3.63% | 1.82M | 0.00 | 646.77K |
VISA INCSOLE | COM CL A | 3.09M | SH | $1.08B 3.30% | 2.32M | 0.00 | 770.72K |
CARVANA COSOLE | CL A | 2.44M | SH | $1.03B 3.14% | 1.64M | 0.00 | 802.96K |
MERCADOLIBRE INCSOLE | COM | 509.64K | SH | $1.03B 3.12% | 369.55K | 0.00 | 140.10K |
DOORDASH INCSOLE | CL A | 4.50M | SH | $1.02B 3.10% | 3.11M | 0.00 | 1.39M |
APPLOVIN CORPSOLE | COM CL A | 1.46M | SH | $986.04M 3.00% | 997.17K | 0.00 | 466.18K |
NETFLIX INCSOLE | COM | 10.02M | SH | $939.76M 2.86% | 6.92M | 0.00 | 3.10M |
AXON ENTERPRISE INCSOLE | COM | 1.61M | SH | $914.05M 2.78% | 1.16M | 0.00 | 450.89K |
INTERCONTINENTAL EXCHANGE INSOLE | COM | 5.50M | SH | $891.25M 2.71% | 3.95M | 0.00 | 1.55M |
SPOTIFY TECHNOLOGY S ASOLE | SHS | 1.47M | SH | $853.56M 2.60% | 1M | 0.00 | 466.11K |
META PLATFORMS INCSOLE | CL A | 1.25M | SH | $828.33M 2.52% | 860.70K | 0.00 | 394.17K |
INTUITIVE SURGICAL INCSOLE | COM NEW | 1.38M | SH | $779.85M 2.37% | 1.04M | 0.00 | 338.94K |
NU HLDGS LTDSOLE | ORD SHS CL A | 44.42M | SH | $743.66M 2.26% | 31.45M | 0.00 | 12.97M |
CLOUDFLARE INCSOLE | CL A COM | 3.73M | SH | $735.62M 2.24% | 2.73M | 0.00 | 998.44K |
BROADCOM INCSOLE | COM | 2.11M | SH | $731.84M 2.23% | 1.40M | 0.00 | 712.53K |
ASML HOLDING N VSOLE | N Y REGISTRY SHS | 669.99K | SH | $716.79M 2.18% | 465.39K | 0.00 | 204.59K |
SEA LTDSOLE | SPONSORD ADS | 5.50M | SH | $701.76M 2.13% | 3.86M | 0.00 | 1.64M |
SAMSARA INCSOLE | COM CL A | 19.12M | SH | $677.92M 2.06% | 12.96M | 0.00 | 6.16M |
SERVICENOW INCSOLE | COM | 3.84M | SH | $588.70M 1.79% | 2.92M | 0.00 | 920.21K |
FLUTTER ENTMT PLCSOLE | SHS | 2.09M | SH | $448.80M 1.37% | 1.40M | 0.00 | 685.61K |
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