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.

• AppLovinAPP+$399M$545M
• SnowflakeSNOW−$358M$87.2M
• SamsaraIOT+$265M$630M
• ShopifySHOP−$174M$1.2B
• Block, Inc.XYZ−$154M$464M

Software held

• ServiceNowNOW1,457,978 shares · 14.6% of their software · price −$385M$1.2BFlat
• ShopifySHOP12,145,821 shares · 14.5% of their software · price −$132M$1.2B−$174M
• MicrosoftMSFT2,648,248 shares · 12.5% of their software · price −$122M$994M−$65.6M
• AtlassianTEAM3,918,588 shares · 10.4% of their software · price −$122M$832M−$146M
• CloudflareNET6,427,446 shares · 9.1% of their software · price +$32.2M$724M−$144M
• SamsaraIOT16,443,161 shares · 7.9% of their software · price −$88.1M$630M+$265M
• AppLovinAPP2,058,193 shares · 6.8% of their software · price −$121M$545M+$399M
• Block, Inc.XYZ8,531,831 shares · 5.8% of their software · price −$262M$464M−$154M
• DatadogDDOG2,915,476 shares · 3.6% of their software · price −$127M$289M−$87.3M
• Uber Technologies, Inc.UBER3,913,222 shares · 3.6% of their software · price +$49.1M$285M−$6.6M
• Roper Technologies, Inc.ROP326,112 shares · 2.4% of their software · price +$22.7M$192MFlat
• Full Truck Alliance Co. Ltd.YMM10,250,292 shares · 1.6% of their software · price +$20.0M$131M+$44.3M
• Joint Stock Company Kaspi.kzKSPI1,311,457 shares · 1.5% of their software · price −$2.4M$122M−$12.3M
• Grab Holdings LimitedGRAB19,477,077 shares · 1.1% of their software · price −$3.7M$88.2M−$9.0M
• SnowflakeSNOW596,443 shares · 1.1% of their software · price −$4.9M$87.2M−$358M
• CadenceCDNS304,719 shares · 1.0% of their software · price −$14.1M$77.5M+$35.0M
• SAPSAP223,032 shares · 0.8% of their software · price +$5.0M$59.9MNew · +$54.9M
• OktaOKTA358,721 shares · 0.5% of their software · price +$9.5M$37.7M−$7.8M
• KlaviyoKVYO972,749 shares · 0.4% of their software · price −$10.7M$29.4M−$10.9M
• monday.comMNDY115,041 shares · 0.4% of their software · price +$888K$28.0M+$6.5M
• Global-EGLBE522,035 shares · 0.2% of their software · price −$9.9M$18.6M−$8.1M
• CrowdStrikeCRWD44,417 shares · 0.2% of their software$15.7M−$11.8M
• GitLabGTLB127,475 shares · 0.1% of their software · price −$1.2M$6.0MFlat
• UiPathPATH44,642 shares · 0.0% of their software$460KFlat