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Portfolio (Quarterly) Guide ↗

SANDS CAPITAL MANAGEMENT, LLC

· CIK 0001020066
13F Portfolio $25.5B AUM 67 positions Filed May 8, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 9 New 9 Added 48 Reduced 8 Exited
Page 2 of 3  ·  48 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 BLOCK INC 5,510,835.0 $331.6M 1.30% -419K -7.1% $60.18
22 CSL CARLISLE COS INC Industrials 919,614.0 $306.8M 1.20% -48K -5.0% $333.62 +1.3%
23 ARGX ARGENX SE Healthcare 340,285.0 $248.5M 0.97% -17K -4.7% $730.25 +20.8%
24 BLDR BUILDERS FIRSTSOURCE INC Industrials 2,621,085.0 $215.8M 0.85% -137K -5.0% $82.33 -11.2%
25 ONON ON HLDG AG Consumer Cyclical 6,325,547.0 $215.2M 0.84% -310K -4.7% $34.02 +9.1%
26 FLUTTER ENTMT PLC 1,988,830.0 $202.8M 0.80% -98K -4.7% $101.95
27 TTEK TETRA TECH INC NEW Industrials 6,658,823.0 $200.6M 0.79% -348K -5.0% $30.12 -8.4%
28 CPNG COUPANG INC Consumer Cyclical 9,172,187.0 $173.2M 0.68% -1.1M -11.1% $18.88 -19.6%
29 DDOG DATADOG INC Technology 1,406,366.0 $166.0M 0.65% -107K -7.1% $118.05 +96.3%
30 RBLX ROBLOX CORP Technology 2,726,701.0 $154.2M 0.60% -457K -14.3% $56.56 -25.2%
31 LIBERTY MEDIA CORP DEL 1,559,760.0 $132.6M 0.52% -523K -25.1% $85.02
32 KASPI KZ JSC 1,586,334.0 $117.5M 0.46% -362K -18.6% $74.07
33 TDG TRANSDIGM GROUP INC Industrials 94,341.0 $109.3M 0.43% -9K -8.6% $1158.96 +4.1%
34 WCN WASTE CONNECTIONS INC Industrials 634,903.0 $103.1M 0.41% -331K -34.3% $162.44 -4.4%
35 APH AMPHENOL CORP Technology 805,602.0 $101.8M 0.40% -73K -8.3% $126.35 +13.7%
36 RACE FERRARI N V Consumer Cyclical 287,709.0 $97.4M 0.38% -22K -7.2% $338.45 +3.9%
37 RARE ULTRAGENYX PHARMACEUTICAL IN Healthcare 3,214,533.0 $67.3M 0.26% -271K -7.8% $20.95 +3.1%
38 BSX BOSTON SCIENTIFIC CORP Healthcare 736,109.0 $46.2M 0.18% -69K -8.6% $62.75 -22.4%
39 YMM FULL TRUCK ALLIANCE CO LTD Technology 4,970,779.0 $41.3M 0.16% -1.2M -18.8% $8.30 +3.5%
40 GRAB GRAB HOLDINGS LIMITED Technology 9,122,432.0 $33.4M 0.13% -2.1M -18.9% $3.66 -9.0%
Page 2 of 3  ·  48 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 42.9%
Communication Services 18.5%
Consumer Cyclical 15.2%
Industrials 10.2%
Financial Services 8.3%
Healthcare 4.8%
Basic Materials 0.1%