Sands Capital's top holdings (September 2025) include NVIDIA Corp (NVDA), a leading designer of graphics processing units (GPUs) and artificial intelligence (AI) chips.

Sands Capital is an institutional asset management firm known for its focus on identifying businesses with durable competitive advantages and long-term growth potential. The firm typically invests in high-quality, growth-oriented companies across various global markets, emphasizing fundamental research and a patient investment horizon.

NVIDIA Corp (NVDA)

NVIDIA is at the forefront of the computing industry, developing GPUs for gaming, professional visualization, data centers, and automotive markets. Its technology is pivotal in advancements in AI, deep learning, and high-performance computing. NVIDIA Corp has a market capitalization of $4.25T, with Sands Capital's position currently valued at $3.76B. Analysts have set a price target of $203.4 for the company, and its discounted cash flow analysis suggests a value of $148.96 per share.
Here's an overview of Sands Capital's trades in NVIDIA Corp:

Amazon.com Inc. (AMZN)

Amazon.com is a global e-commerce and cloud computing giant. It operates one of the largest online marketplaces worldwide and provides extensive cloud infrastructure services through Amazon Web Services (AWS). The company's market cap stands at $2.44T, while the current value of Sands Capital's holding is $2.11B. A discounted cash flow value for Amazon is indicated at $32.01, and analysts' consensus price target is $255.63.
Here's an overview of Sands Capital's trades in Amazon.com Inc.:

Taiwan Semiconductor Manufacturing - ADR (TSM)

Taiwan Semiconductor Manufacturing (TSM) is the world's largest dedicated independent semiconductor foundry. It manufactures chips for a broad range of applications, including high-performance computing, smartphones, automotive, and IoT. This holding in Sands Capital's portfolio, Taiwan Semiconductor Manufacturing, is currently worth $1.97B, and the company maintains a market capitalization of $1.2T. The discounted cash flow for TSM is $722.13, and analysts target a price of $265.0.
Here's an overview of Sands Capital's trades in Taiwan Semiconductor Manufacturing - ADR:

Microsoft Corporation (MSFT)

Microsoft is a multinational technology corporation known for its software products, including the Windows operating system and Office suite. It also has a significant presence in cloud computing with Azure, gaming with Xbox, and hardware. Microsoft Corporation has a market capitalization of $3.77T; Sands Capital's position in the company is valued at $1.5B. Analysts have established a price target of $612.75, and its discounted cash flow is assessed at $387.56.
Here's an overview of Sands Capital's trades in Microsoft Corporation:

Visa Inc - Ordinary Shares - Class A (V)

Visa Inc. is a global payments technology company that facilitates electronic funds transfers throughout the world, primarily through its Visa-branded credit, debit, and prepaid payment products. It operates one of the world's largest retail electronic payments networks. The current value of Sands Capital's holding in Visa Inc is $1.42B, against the company's market cap of $677.83B. Its discounted cash flow value stands at $267.1, with analysts setting a price target of $412.0.
Here's an overview of Sands Capital's trades in Visa Inc - Ordinary Shares - Class A: