Sands Capital Management 13F annual report

Sands Capital Management is an investment fund managing more than $34 trillion ran by Alexandra Fulk. There are currently 65 companies in Mrs. Fulk’s portfolio. The largest investments include NVIDIA Corp and Amazon.com, together worth $5.61 trillion.

$34 trillion Assets Under Management (AUM)

As of 6th August 2024, Sands Capital Management’s top holding is 25,116,421 shares of NVIDIA Corp currently worth over $3.1 trillion and making up 9.1% of the portfolio value. Relative to the number of outstanding shares of NVIDIA Corp, Sands Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 12,993,065 shares of Amazon.com worth $2.51 trillion, whose value fell 1.1% in the past six months. The third-largest holding is Asml Holding N V worth $2.02 trillion and the next is Microsoft worth $1.43 trillion, with 3,199,422 shares owned.

Currently, Sands Capital Management's portfolio is worth at least $34 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Sands Capital Management

The Sands Capital Management office and employees reside in Arlington, Virginia. According to the last 13-F report filed with the SEC, Alexandra Fulk serves as the Chief Compliance Officer, Senior Counsel at Sands Capital Management.

Recent trades

In the most recent 13F filing, Sands Capital Management revealed that it had opened a new position in Ishares Tr and bought 6,500 shares worth $2.37 billion.

The investment fund also strengthened its position in NVIDIA Corp by buying 22,418,020 additional shares. This makes their stake in NVIDIA Corp total 25,116,421 shares worth $3.1 trillion. NVIDIA Corp dropped approximately 0.1% in the past year.

On the other hand, there are companies that Sands Capital Management is getting rid of from its portfolio. Sands Capital Management closed its position in Steris Plc on 13th August 2024. It sold the previously owned 409,845 shares for $92.1 billion. Alexandra Fulk also disclosed a decreased stake in Asml Holding N V by approximately 0.1%. This leaves the value of the investment at $2.02 trillion and 1,974,018 shares.

One of the largest hedge funds

The two most similar investment funds to Sands Capital Management are Fayez Sarofim & Co and Rockefeller Capital Management L.P.. They manage $33.5 trillion and $34.8 trillion respectively.


Alexandra Fulk investment strategy

Sands Capital Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Technology — making up 44.6% of the total portfolio value. The fund focuses on investments in the United States as 58.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 58% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $174 billion.

The complete list of Sands Capital Management trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
NVIDIA Corp
830.79%
25,116,421
$3,102,882,650,000 9.12%
Amazon.com Inc.
3.87%
12,993,065
$2,510,909,811,000 7.38%
Asml Holding N V
8.05%
1,974,018
$2,018,887,429,000 5.93%
Microsoft Corporation
5.15%
3,199,422
$1,429,981,663,000 4.20%
Visa Inc
15.16%
5,281,359
$1,386,198,401,000 4.07%
MercadoLibre Inc
8.58%
782,581
$1,286,093,615,000 3.78%
Lam Research Corp.
18.73%
1,149,710
$1,224,268,693,000 3.60%
Dexcom Inc
2.66%
10,606,503
$1,202,565,310,000 3.53%
Netflix Inc.
5.12%
1,600,958
$1,080,454,535,000 3.17%
Nu Hldgs Ltd
10.41%
79,341,079
$1,022,706,508,000 3.01%
Entegris Inc
6.29%
7,551,714
$1,022,502,076,000 3.00%
Meta Platforms Inc
8.42%
1,990,662
$1,003,731,594,000 2.95%
ServiceNow Inc
11.62%
1,262,175
$992,915,207,000 2.92%
Shopify Inc
11.31%
14,736,374
$973,337,503,000 2.86%
Taiwan Semiconductor Mfg Ltd
8.41%
4,779,253
$830,681,964,000 2.44%
Okta Inc
2.51%
8,812,081
$824,898,902,000 2.42%
Atlassian Corporation
1.23%
4,262,719
$753,989,737,000 2.22%
Axon Enterprise Inc
1.17%
2,559,692
$753,163,774,000 2.21%
Block Inc
3.66%
11,510,438
$742,308,147,000 2.18%
DoorDash Inc
6.64%
6,373,337
$693,291,599,000 2.04%
Alphabet Inc
0.72%
4,443,615
$810,274,700,000 2.38%
Sea Ltd
6.83%
8,691,528
$620,748,930,000 1.82%
Datadog Inc
2.09%
4,203,680
$545,175,259,000 1.60%
Cloudflare Inc
0.04%
6,469,002
$535,827,436,000 1.57%
Edwards Lifesciences Corp
2.65%
5,648,655
$521,766,262,000 1.53%
Snowflake Inc.
26.37%
3,785,371
$511,365,768,000 1.50%
Flutter Entmt Plc
1.52%
2,040,665
$372,135,669,000 1.09%
Airbnb, Inc.
6.98%
2,268,780
$344,015,111,000 1.01%
Align Technology, Inc.
3.31%
1,311,368
$316,603,576,000 0.93%
Nike, Inc.
0.78%
4,121,603
$310,645,218,000 0.91%
Apple Inc
127,948.48%
1,307,375
$275,359,322,000 0.81%
Coupang, Inc.
3.55%
12,689,542
$265,845,905,000 0.78%
Samsara Inc.
383.84%
7,612,221
$256,531,848,000 0.75%
Roper Technologies Inc
7.97%
406,490
$229,122,153,000 0.67%
iRhythm Technologies Inc
0.79%
2,126,003
$228,842,963,000 0.67%
Globant S.A.
5.92%
1,264,737
$225,452,018,000 0.66%
Ultragenyx Pharmaceutical In
38.74%
5,354,750
$220,080,225,000 0.65%
Uber Technologies Inc
43.88%
2,839,640
$206,385,035,000 0.61%
Kaspi Kz Jsc
7.75%
1,520,341
$196,139,192,000 0.58%
Floor Decor Hldgs Inc
6.88%
1,951,145
$193,963,324,000 0.57%
HDFC Bank Ltd.
21.42%
2,954,101
$190,037,317,000 0.56%
Liberty Media Corp.
3.33%
2,631,724
$189,063,052,000 0.56%
Repligen Corp.
0.78%
1,421,532
$179,198,324,000 0.53%
XP Inc
7.73%
8,955,234
$157,522,566,000 0.46%
Transdigm Group Incorporated
3.31%
120,882
$154,440,052,000 0.45%
Unitedhealth Group Inc
55.04%
243,363
$123,935,041,000 0.36%
Texas Instrs Inc
3.42%
548,354
$106,671,304,000 0.31%
Charter Communications Inc N
3.46%
337,305
$100,840,703,000 0.30%
Steris Plc
Closed
409,845
$92,141,353,000
Ferrari N.V.
1.08%
218,512
$89,233,745,000 0.26%
IQVIA Holdings Inc
3.45%
417,892
$88,359,084,000 0.26%
Kanzhun Limited
7.59%
4,556,908
$85,715,439,000 0.25%
Intercontinental Exchange In
3.31%
612,078
$83,787,357,000 0.25%
Zoetis Inc
3.42%
470,851
$81,626,729,000 0.24%
Cadence Design System Inc
7,930.84%
261,404
$80,447,081,000 0.24%
Waste Connections Inc
97,040.75%
362,335
$63,539,066,000 0.19%
SiteOne Landscape Supply Inc
60.42%
508,140
$61,693,277,000 0.18%
10x Genomics, Inc.
30.98%
2,334,901
$45,413,824,000 0.13%
Klaviyo Inc
0.16%
1,429,762
$35,586,776,000 0.10%
Stevanato Group S.p.A.
3.46%
1,795,866
$32,936,182,000 0.10%
Global E Online Ltd
51.83%
666,481
$24,173,266,000 0.07%
GitLab Inc.
11.08%
127,475
$6,338,057,000 0.02%
Ishares Tr
37.61%
111,999
$6,247,304,000 0.02%
Ishares Tr
Opened
6,500
$2,369,315,000 0.01%
UiPath, Inc.
64.96%
73,641
$933,768,000 0.00%
Bio-Techne Corp
Closed
12,732
$896,205,000
Costar Group, Inc.
99.90%
5,398
$400,208,000 0.00%
Intuit Inc
Closed
195
$126,750,000
BILL Holdings Inc
Closed
1,255
$86,244,000
Adobe Inc
Closed
160
$80,736,000
Icon Plc
Closed
199
$66,854,000
Linde Plc.
Closed
97
$45,039,000
Canadian Pacific Kansas City
Closed
499
$43,997,000
Match Group Inc.
Closed
821
$29,786,000
Coursera, Inc.
Closed
1,285
$18,016,000
Illumina Inc
Closed
103
$14,144,000
No transactions found
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