Sands Capital Management, LLC filed Q1 2026 13F: NVDA leads a $25.5B portfolio

Filed: 2026-05-08 · Report date: 2026-03-31 · Form: 13F-HR

Source: SEC EDGAR filing

Portfolio overview

Portfolio value: $25.5B
Holdings: 67
Previous quarter: 2025-12-31

Top 5 holdings

NVDA — $3.2B (12.4%)
TSM — $2B (7.8%)
GOOGL — $1.5B (5.8%)
AMZN — $1.4B (5.5%)
SHOP — $1.1B (4.2%)

New positions

BE — $241M (0.95%)
STX — $208.4M (0.82%)
LRCX — $161.4M (0.63%)
LLY — $30.2M (0.12%)
AAPL — $817K (0.00%)

Exits

IRHYTHM TECHNOLOGIES INC — last seen at $301.6M
ROPER TECHNOLOGIES INC — last seen at $127.9M
SAP SE — last seen at $95.7M
CDNS — last seen at $78.8M
AJG — last seen at $63.2M

Biggest adds

CRS — +$128.8M (now $324.5M)
ASML — +$128.3M (now $845.1M)
QUANTA SVCS INC — +$100.4M (now $343.9M)

Biggest trims

MSFT — -$628.5M (now $566.4M)
APP — -$599.4M (now $386.7M)
NOW — -$585.4M (now $3.3M)

Methodology note

13F filings are public quarterly disclosures with up to a 45-day lag from quarter-end. Numbers here reflect the manager's disclosed long US equity positions only; they are not a real-time portfolio, do not include derivatives or short positions, and are not actual fund NAV. Not investment advice.

Full case file: https://worldsmartmoney.com/manager/sands-capital

This article: https://worldsmartmoney.com/news/sands-capital-2026-03-31-000015

English thread

Tweet 1/5 · 171 chars

Sands Capital Management, LLC filed Q1 2026 13F.

Portfolio: $25.5B (67 holdings)
Top: NVDA $3.2B (12.4%)

https://worldsmartmoney.com/news/sands-capital-2026-03-31-000015

Tweet 2/5 · 120 chars

Top 5 holdings:

1. NVDA $3.2B (12.4%)
2. TSM $2B (7.8%)
3. GOOGL $1.5B (5.8%)
4. AMZN $1.4B (5.5%)
5. SHOP $1.1B (4.2%)

Tweet 3/5 · 135 chars

Position changes from 2025-12-31:

🆕 New: BE, STX, LRCX, LLY
🚪 Exited: IRHYTHM TECHNOLOGIES INC, ROPER TECHNOLOGIES INC, SAP SE, CDNS

Tweet 4/5 · 139 chars

📈 Biggest adds:
  CRS +$128.8M
  ASML +$128.3M
  QUANTA SVCS INC +$100.4M

📉 Biggest trims:
  MSFT -$628.5M
  APP -$599.4M
  NOW -$585.4M

Tweet 5/5 · 244 chars

Source: SEC 13F (≤45-day disclosure lag, not real-time, not fund NAV).

SEC: https://www.sec.gov/Archives/edgar/data/1020066/000102006626000015/0001020066-26-000015-index.htm
WSM: https://worldsmartmoney.com/news/sands-capital-2026-03-31-000015

Chinese thread

Tweet 1/5 · 152 chars

Sands Capital Management, LLC 更新 2026 Q1 13F

组合：$25.5B（67 只持仓）
第一持仓：NVDA $3.2B（12.4%）

https://worldsmartmoney.com/news/sands-capital-2026-03-31-000015

Tweet 2/5 · 108 chars

前 5 大持仓：

1. NVDA $3.2B（12.4%）
2. TSM $2B（7.8%）
3. GOOGL $1.5B（5.8%）
4. AMZN $1.4B（5.5%）
5. SHOP $1.1B（4.2%）

Tweet 3/5 · 108 chars

相比 2025-12-31 的变化：

🆕 新建仓：BE、STX、LRCX、LLY
🚪 清仓：IRHYTHM TECHNOLOGIES INC、ROPER TECHNOLOGIES INC、SAP SE、CDNS

Tweet 4/5 · 122 chars

📈 加仓最多：
  CRS +$128.8M
  ASML +$128.3M
  QUANTA SVCS INC +$100.4M

📉 减仓最多：
  MSFT -$628.5M
  APP -$599.4M
  NOW -$585.4M

Tweet 5/5 · 213 chars

来源：SEC 13F（最多滞后 45 天公开，非实时，不代表基金净值）

SEC 原文：https://www.sec.gov/Archives/edgar/data/1020066/000102006626000015/0001020066-26-000015-index.htm
WSM 解读：https://worldsmartmoney.com/news/sands-capital-2026-03-31-000015

13F is a quarterly disclosure with up to 45-day lag. Not real-time, not fund NAV, not investment advice.