SANDS CAPITAL MANAGEMENT, LLC Holdings - 4Q25

As of December 31, 2025, SANDS CAPITAL MANAGEMENT, LLC reported 66 positions comprising 66 stocks worth $32.9B. The top 5 holdings represented 32.3% of the portfolio. During the quarter, the fund entered 6 new positions and exited 4. Explore portfolio value and concentration trends, quarterly position counts, and a detailed breakdown of each holding below.