Sands Capital Management

Quarters on file

Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.

• Q2 202615 names$3.9B−$620M
• Q1 202618 names$4.0B−$2.0B
• Q4 202522 names$7.0B+$1.6B
• Q3 202523 names$8.6B−$175M
• Q2 202522 names$8.3B−$1.3B
• Q1 202524 names$8.0B−$385M
• Q4 202423 names$9.6B−$234M
• Q3 202419 names$8.2B−$175M
• Q2 202419 names$8.3B−$736M
• Q1 202423 names$9.7B−$779M
• Q4 202321 names$10.2B−$634M
• Q3 202321 names$8.6B−$167M
• Q2 202317 names$9.3B−$640M
• Q1 202317 names$8.8B−$258M
• Q4 202218 names$7.7B+$1.3B
• Q3 202218 names$6.8B−$517M
• Q2 202219 names$7.3B+$14.9B
• Q1 202217 names$12.1B+$2.6B
• Q4 202117 names$13.8B+$13.2M
• Q3 202116 names$14.7B+$433M
• Q2 202117 names$14.3B+$7.1B
• Q1 202116 names$12.5B−$297M
• Q4 202015 names$13.2B−$495M
• Q3 202016 names$11.6B+$60.1M
• Q2 202016 names$9.8B−$724M
• Q1 202017 names$7.3B−$435M
• Q4 201916 names$8.1B+$97.4M
• Q3 201917 names$7.5B−$173M
• Q2 201916 names$8.0B+$80.2M
• Q1 201912 names$7.3B+$33.9M
• Q4 201810 names$5.7B−$268M
• Q3 201811 names$6.6B−$441M
• Q2 201812 names$6.3B−$181M
• Q1 201811 names$5.9B−$362M
• Q4 201711 names$5.2B+$48.2M
• Q3 201711 names$4.9B+$39.6M
• Q2 201711 names$4.4B−$64.0M
• Q1 201711 names$3.9B+$100M
• Q4 20168 names$3.2B−$227M
• Q3 20168 names$3.8B−$270M
• Q2 20168 names$3.9B—

What moved the book

The five software lines with the largest share change this quarter.

• CloudflareNET−$344M$626M
• Joint Stock Company Kaspi.kzKSPI+$212M$212M
• ServiceNowNOW−$190M$1.1B
• Block, Inc.XYZ−$139M$1.0B
• ShopifySHOP−$122M$1.0B

Software held

• MicrosoftMSFT3,373,000 shares · 14.6% of their software · price +$151M$1.4B−$37.6M
• ServiceNowNOW1,428,149 shares · 11.2% of their software · price +$79.8M$1.1B−$190M
• ShopifySHOP13,239,020 shares · 10.5% of their software · price −$9.7M$1.0B−$122M
• Block, Inc.XYZ11,947,814 shares · 10.4% of their software · price +$86.4M$1.0B−$139M
• OktaOKTA9,038,677 shares · 9.7% of their software · price +$127M$946M+$61.6M
• SnowflakeSNOW5,140,945 shares · 8.5% of their software · price −$192M$831M−$60.2M
• AtlassianTEAM4,210,974 shares · 8.4% of their software · price −$180M$822M−$55.2M
• CloudflareNET6,466,122 shares · 6.4% of their software · price +$87.7M$626M−$344M
• DatadogDDOG4,293,387 shares · 5.4% of their software · price +$9.5M$531M−$32.9M
• CoStarCSGP5,375,482 shares · 5.3% of their software · price +$49.5M$519M−$21.4M
• Uber Technologies, Inc.UBER5,060,223 shares · 4.0% of their software · price +$78.0M$390M−$88.1M
• Joint Stock Company Kaspi.kzKSPI1,648,137 shares · 2.2% of their software$212MNew · +$212M
• Roper Technologies, Inc.ROP376,488 shares · 2.2% of their software · price +$5.9M$211MFlat
• SamsaraIOT1,573,280 shares · 0.6% of their software · price +$6.9M$59.5MFlat
• KlaviyoKVYO1,432,037 shares · 0.4% of their software · price −$3.3M$36.5M+$21.4M
• Global-EGLBE438,958 shares · 0.2% of their software · price −$1.4M$16.0MNew · +$17.4M
• GitLabGTLB114,759 shares · 0.1% of their software · price −$532K$6.7M+$839K
• CadenceCDNS3,255 shares · 0.0% of their software$1.0MFlat
• UiPathPATH44,642 shares · 0.0% of their software$1.0MFlat
• IntuitINTU195 shares · 0.0% of their software$127KFlat
• BILLBILL1,255 shares · 0.0% of their software$86KFlat
• AdobeADBE160 shares · 0.0% of their software$81KFlat
• CourseraCOUR1,285 shares · 0.0% of their software$18KFlat