SEC 13F Intelligence

Managers / Q3 2020 · view latest →

SANDS CAPITAL MANAGEMENT, LLC

CIK 0001020066 · SANDS CAPITAL MANAGEMENT, LLC, 1000 WILSON BLVD, SUITE 3000, ARLINGTON, VA, 22209 · 703-562-4000

Reported Value
$46.2B
Q3 2020
Positions
78
Filings on Record
33
2019–present window
Filed
Nov 17, 2020
amendment (RESTATEMENT)

Summary

Sands Capital Management, LLC reported $46.2B in U.S.-listed holdings across 78 positions for Q3 2020.

Its largest position, SE, represents 8.6% of the portfolio.

Compared with Q2 2020, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+7.5%
vs prior filed quarter
Top-10 Concentration
+45.2%
share of reported value
Largest Position
+8.6%
Sea
New / Exited
4 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $28.0BQ4 ’18Q1 ’19: $32.4BQ2 ’19: $33.6BQ3 ’19: $31.1BQ4 ’19: $34.4BQ4 ’19Q1 ’20: $30.0BQ2 ’20: $41.3BQ3 ’20: $46.2BQ4 ’20: $105.0BQ4 ’20Q1 ’21: $51.7BQ2 ’21: $59.0BQ3 ’21: $60.0BQ4 ’21: $53.9BQ4 ’21Q1 ’22: $43.5BQ2 ’22: $28.9BQ3 ’22: $26.6BQ2 ’23: $32.2BQ2 ’23Q3 ’23: $29.4BQ4 ’23: $32.9BQ1 ’24: $35.8BQ2 ’24: $34.0BQ2 ’24Q3 ’24: $32.9BQ4 ’24: $33.8BQ1 ’25: $29.4BQ2 ’25: $34.8BQ2 ’25Q3 ’25: $36.2BQ4 ’25: $32.9BQ1 ’26: $25.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 74.9%ADR: 16.6%Other: 8.2%REIT: 0.2%ETP: 0.0%
  • Common Stock · 74.9% · $34.6B
  • ADR · 16.6% · $7.7B
  • Other · 8.2% · $3.8B
  • REIT · 0.2% · $80M
  • ETP · 0.0% · $23M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTCHMATCH GROUP INCNEW+10.23M10.23M+$1.1B$1.1B
SNOWSNOWFLAKE INCNEW+2.38M2.38M+$571M$571M
IRTCIRHYTHM TECHNOLOGIES INCNEW+1.91M1.91M+$454M$454M
TSHATAYSHA GENE THERAPIESNEW+820.4K820.4K+$18M$18M
XP INCADDED+1.32M2.57M+$55M$107M
MTCHEURMATCH GROUP INCSOLD OUT−11.75M0−$1.3B$0
SCHWSCHWAB CHARLES CORPSOLD OUT−6.41M0−$216M$0
VRSKVERISK ANALYTICS INC-CLASS ASOLD OUT−278.5K0−$47M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SESEA LTDhistory →SPONSORED ADS8.56%$4.0B25.68M
2AMZNAMAZON.COMhistory →COM6.76%$3.1B992.3K
3NFLXNETFLIX INChistory →COM5.52%$2.6B5.10M
4VVISA INChistory →COM CL A5.42%$2.5B12.53M
5BABAALIBABA GROUP HOLDING LTDhistory →SPONSORED ADS4.86%$2.2B7.64M
6NOWSERVICENOW INChistory →COM3.36%$1.6B3.20M
7XYZSQUARE INChistory →COM3.09%$1.4B8.79M
8METAFACEBOOK INC - Ahistory →COM2.75%$1.3B4.85M
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.51%$1.2B791.7K
10ADBEADOBE INChistory →COM2.47%$1.1B2.33M
11MTCHMATCH GROUP INChistory →COM2.45%$1.1B10.23M
12AFWALIGN TECHNOLOGY INChistory →COM2.19%$1.0B3.09M
13ASML HOLDING NV ADRN Y REGISTRY SHS2.11%$975M2.64M
14ATLASSIAN CORP PLC CLASS ACOM2.10%$968M5.33M
15EWEDWARDS LIFESCIENCES CORPhistory →COM2.08%$963M12.06M
16DC4DEXCOM INChistory →COM2.08%$961M2.33M
17ILMNILLUMINA INChistory →COM2.06%$952M3.08M
18SHOPSHOPIFY INChistory →CL A1.98%$915M894.6K
19INTUINTUIT INChistory →COM1.91%$881M2.70M
20MSFTMICROSOFThistory →COM1.89%$873M4.15M
21ZTSZOETIS INChistory →CL A1.88%$867M5.24M
22NKENIKE INChistory →CL B1.87%$862M6.87M
23CSGPCOSTAR GROUP INChistory →COM1.75%$810M954.5K
24WDAYWORKDAY INChistory →CL A1.75%$808M3.76M
25UBERUBER TECHNOLOGIES INChistory →COM1.59%$733M20.10M
26TWLOTWILIO INChistory →CL A1.49%$689M2.79M
27CHTRCHARTER COMMUNICATIONS INChistory →COM1.31%$604M967.3K
28MLB1MERCADOLIBREhistory →COM1.22%$563M520.3K
29TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.19%$552M6.80M
30ZZILLOW GROUP INChistory →COM1.15%$533M5.25M
31ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A1.09%$503M1.07M
32SNOWSNOWFLAKE INChistory →COM1.07%$493M1.96M
33FNDFLOOR & DECOR HOLDINGS INChistory →COM1.05%$486M6.50M
34REGNREGENERON PHARMACEUTICALShistory →COM1.04%$479M856.5K
35APTIV PLCSHS1.01%$466M5.08M
36YANDEX N VSHS CLASS A1.00%$461M7.06M
37IRTCIRHYTHM TECHNOLOGIES INChistory →COM0.98%$454M1.91M
38ABMDEURABIOMED INChistory →COM0.90%$414M1.49M
39OKTAOKTA INChistory →CL A0.87%$400M1.87M
40WMGWARNER MUSIC GROUP CORPhistory →COM0.77%$355M12.34M
41GALAPAGOS NVSPON ADR0.70%$324M2.28M
42GOGROCERY OUTLET HOLDING CORPhistory →COM0.70%$322M8.20M
43COUPEURCOUPA SOFTWARE INChistory →COM0.58%$270M984.9K
44SRPTSAREPTA THERAPEUTICS INChistory →COM0.57%$262M1.87M
45MNSTMONSTER BEVERAGE CORPORATIONhistory →COM0.56%$260M3.24M
46NEW ORIENTAL ED & TECH GRP ISPON ADR0.54%$248M1.66M
47MRTXEURMIRATI THERAPEUTICS INChistory →COM0.48%$221M1.33M
48PAGSEGURO DIGITAL LTDCOM CL A0.40%$186M4.95M
49BLUEBIRD BIO INCCOM0.37%$172M3.20M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$25.5B67May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$32.9B66Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$36.2B64Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$34.8B66Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$29.4B75May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$33.8B71Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$32.9B67Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$34.0B66Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$35.8B76May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$32.9B74Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$29.4B75Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$32.2B66Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review66May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review67Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$26.6B67Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$28.9B69Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$43.5B68May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$53.9B71Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$60.0B71Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$59.0B80Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$51.7B77May 17, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020REVEALED$105.0B148Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$46.2B78Nov 17, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$41.3B77Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$30.0B76May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$34.4B75Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$31.1B79Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$33.6B80Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$32.4B71May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$28.0B71Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.