Q2 2026 holdings · 8 filings on record
Sands Capital Management LLC
Frank Sands
Sands Capital is an independent, staff-owned investment firm founded in February 1992 by Frank M. Sands Sr. and based in the Washington, DC area. His son, Frank M. Sands, took over as chief executive and chief investment officer in 2008 and holds both roles today; T. Perry Williams is president and also a chief investment officer. The firm calls itself an active, long-term investor in leading innovative growth businesses around the world. It looks for the few businesses it judges to be truly innovative, with lasting above-average growth, and holds them with discipline over long periods. Beyond public stocks, it invests in private companies through venture and growth equity strategies.
AI-written, awaiting an editor · as of Oct 31, 2026 · not from the filings · 6 sources
- Sands Capital: Home sandscapital.com ↗
- Sands Capital: Philosophy and approach sandscapital.com ↗
- Sands Capital: Our people sandscapital.com ↗
- Sands Capital: Our culture sandscapital.com ↗
- Darden School of Business: Darden School Foundation welcomes new chair news.darden.virginia.edu ↗
- SEC: Form ADV, Sands Capital Management reports.adviserinfo.sec.gov ↗
Holdings
On June 30, 2026, Sands Capital Management LLC held 71 positions in US-listed stocks worth $26.9 billion. The ten largest were 47.6% of it.
The other 21 positions, worth $278.9 million (1.0% of the total), are in the filing.
What this filing cannot show
A 13F is a partial picture. Here is the part that is missing.
It lists long positions in US-listed stocks and options only. Not short positions, cash, ordinary bonds, anything listed only abroad, anything private, or anything bought and sold inside the quarter.
What is a 13F?
A quarterly SEC filing where large investment managers list the long positions in US-listed stocks and options they held at the end of the quarter. It is a snapshot, filed up to 45 days after that date.
Why is this list weeks old?
Managers have 45 days after each quarter ends to file, and most of the funds we track file on the last permitted day. So the newest list still describes where the fund stood weeks ago, and the market has moved since.
What does “behaves like” mean?
How many equal-sized positions would be exactly this concentrated. Ten positions of the same size behave like 10. Ten positions where one holds most of the money behave like fewer than 2. It is 1 divided by the sum of each position’s squared share of the total.
Why are two lines sometimes the same company?
Each line is one security as the manager filed it. Two share classes of one company, or a company’s stock and its convertible notes, are separate lines in the filing, and they stay separate here.
Filing history
8 filings on record.
| Quarter ended | Reported to the SEC | Positions | Source |
|---|---|---|---|
| Jun 30, 2026 | Aug 13, 2026 | 71 | Open the SEC filing ↗ |
| Mar 31, 2026 | May 8, 2026 | 67 | Open the SEC filing ↗ |
| Dec 31, 2025 | Feb 13, 2026 | 66 | Open the SEC filing ↗ |
| Sep 30, 2025 | Nov 13, 2025 | 64 | Open the SEC filing ↗ |
| Jun 30, 2025 | Aug 13, 2025 | 66 | Open the SEC filing ↗ |
| Mar 31, 2025 | May 14, 2025 | 75 | Open the SEC filing ↗ |
| Dec 31, 2024 | Feb 13, 2025 | 71 | Open the SEC filing ↗ |
| Sep 30, 2024 | Nov 13, 2024 | 67 | Open the SEC filing ↗ |
Where a manager later amended a filing, the date shown is the amendment’s. Every filing from this fund at the SEC ↗
⚠️ Public information, sourced from SEC 13F filings. A 13F shows long US-listed positions only; it cannot show shorts, cash, ordinary bonds, foreign lines, or anything bought and sold within the quarter. Values are the manager’s own quarter-end figures, filed up to 45 days later. Not financial advice.