Sands Capital Management
Frank Sands
Period
Q1 2026
Portfolio Date
Mar 31, 2026
Stocks Held
67
Market Value
$25.5B
Portfolio Analysis
AIPreviewI. Institutional Overview
Sands Capital Management, under the leadership of Frank Sands, represents a quintessential example of high-conviction, concentrated growth investing. As of the first quarter of 2026, the firm manages a reported portfolio value of approximately $25.49 billion, spread across a relatively lean selection of 67 stocks. This structural composition immediately...
The institutional portrait of Sands Capital is one of a "Growth Specialist" that is not afraid to let its winners run. With a portfolio date of March 31, 2026, the data reveals an institution that is deeply embedded in the secular themes of the mid-2020s—primarily the artificial intelligence revolution, the digitization of global commerce, and the evolution...
Analyzing the institutional scale, a $25.49 billion portfolio with only 67 names results in an average position size of roughly $380 million. However, the distribution is heavily skewed toward the top, with the largest positions commanding billions of dollars. This concentration implies that the investment team at Sands Capital operates with a "private...
Based on the latest available 13F filing.
Open full report in appHoldings Value Trend
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Top 5 Holdings
$NVDA
NVIDIA Corporation
12.4%
% of Portfolio
$TSM
Taiwan Semiconductor Manufacturing Company Limited
7.8%
% of Portfolio
$GOOGL
Alphabet Inc.
5.8%
% of Portfolio
$AMZN
Amazon.com, Inc.
5.5%
% of Portfolio
$SHOP
Shopify Inc.
4.2%
% of Portfolio
Historical Positions
| Symbol | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| NVDA | 12.4% | 11.4% | 10.7% | 9.8% |
| TSM | 7.8% | 6.3% | 7.1% | 5.6% |
| GOOGL | 5.8% | 4.7% | 3.2% | - |
| AMZN | 5.5% | 5.2% | 5.1% | 5.8% |
| SHOP | 4.2% | 4.7% | - | - |
| NFLX | 3.5% | - | 3.7% | 4.3% |
| SPOT | 3.4% | - | - | - |
| ASML | 3.3% | - | - | - |
| V | 3.3% | 3.3% | 3.8% | 4.1% |
| MELI | 3.2% | 3.1% | 3.3% | 3.9% |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
Sector Analysis
All Holdings
$NVDA
12.4%
$TSM
7.8%
$GOOGL
5.8%
$AMZN
5.5%
$SHOP
4.2%
$NFLX
3.5%
$SPOT
3.4%
$ASML
3.3%
$V
3.3%
$MELI
3.2%
$NET
3.0%
$META
2.9%
$ICE
2.7%
$CVNA
2.6%
$AXON
2.6%
$ISRG
2.4%
$DASH
2.3%
$MSFT
2.2%
$IOT
1.9%
$NU
1.9%
$AVGO
1.7%
$SE
1.5%
$APP
1.5%
$PWR
1.4%
$XYZ
1.3%
$CRS
1.3%
$CSL
1.2%
$ARGX
1.0%
$BE
0.9%
$BLDR
0.8%
$ONON
0.8%
$STX
0.8%
$FLUT
0.8%
$TTEK
0.8%
$MCK
0.7%
$CPNG
0.7%
$DDOG
0.7%
$LRCX
0.6%
$RBLX
0.6%
$FWONK
0.5%
$KSPI
0.5%
$TDG
0.4%
$WCN
0.4%
$APH
0.4%
$RACE
0.4%
$RARE
0.3%
$BSX
0.2%
$YMM
0.2%
$GRAB
0.1%
$LLY
0.1%