Institutional Manager · CIK 0001846444
Sands Capital Alternatives, LLC
ARLINGTON, VA · File #028-21032
Latest AUM
$518.5M
Positions
20
Top-10 Concentration
88.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | SERVICETITAN INC | TTAN | +89,856 | +$9.6M | $0 |
| EXITED | CROWDSTRIKE HLDGS INC | 22788C105 | -15,615 | -$7.7M | $0 |
| REDUCE | TARSUS PHARMACEUTICALS INC | TARS | -85,000 | -$7.0M | +$3.8M |
| REDUCE | NU HLDGS LTD | NU | -314,035 | -$5.3M | +$5.2M |
| ADD | TOAST INC | TOST | +145,043 | +$5.2M | -$156,604 |
| REDUCE | SAMSARA INC | IOT | -132,724 | -$4.7M | -$1.1M |
| REDUCE | DATADOG INC | DDOG | -32,914 | -$4.5M | -$760,912 |
| ADD | KLAVIYO INC | KVYO | +134,613 | +$4.4M | +$16.8M |
| ADD | INHIBIKASE THERAPEUTICS INC | IKT | +2,068,965 | +$4.2M | +$4.7M |
| ADD | COUPANG INC | CPNG | +75,418 | +$1.8M | -$6.8M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202520 pos · $518.5M
- 13F HOLDINGS REPORTQ/E Sep 202520 pos · $456.4M
- 13F HOLDINGS REPORTQ/E Jun 202520 pos · $507.8M
- 13F HOLDINGS REPORTQ/E Mar 202520 pos · $408.9M
- 13F HOLDINGS REPORTQ/E Dec 202421 pos · $459.7M
- 13F HOLDINGS REPORTQ/E Sep 202420 pos · $355.8M
- 13F HOLDINGS REPORTQ/E Jun 202420 pos · $298.6M
- 13F HOLDINGS REPORTQ/E Mar 202420 pos · $414.7M
- 13F HOLDINGS REPORTQ/E Dec 202323 pos · $338.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | KLAVIYO INC | KVYO | 3,649,678 | $118.5M | 22.86% |
| 2 | NU HLDGS LTD | NU | 6,861,399 | $114.9M | 22.15% |
| 3 | BETA BIONICS INC | BBNX | 3,570,113 | $108.8M | 20.98% |
| 4 | INHIBIKASE THERAPEUTICS INC | IKT | 13,018,965 | $26.7M | 5.15% |
| 5 | DOORDASH INC | DASH | 95,618 | $21.7M | 4.18% |
| 6 | COUPANG INC | CPNG | 870,424 | $20.5M | 3.96% |
| 7 | SAMSARA INC | IOT | 466,190 | $16.5M | 3.19% |
| 8 | DATADOG INC | DDOG | 85,793 | $11.7M | 2.25% |
| 9 | TOAST INC | TOST | 301,647 | $10.7M | 2.07% |
| 10 | BIOAGE LABS INC | BIOA | 786,353 | $10.4M | 2.01% |
| 11 | MONDAY COM LTD | MNDY | 67,868 | $10.0M | 1.93% |
| 12 | SERVICETITAN INC | TTAN | 89,856 | $9.6M | 1.85% |
| 13 | 10X GENOMICS INC | TXG | 481,770 | $7.9M | 1.52% |
| 14 | ACUMEN PHARMACEUTICALS INC | ABOS | 3,417,075 | $7.2M | 1.39% |
| 15 | TARSUS PHARMACEUTICALS INC | TARS | 85,000 | $7.0M | 1.34% |
| 16 | ACRIVON THERAPEUTICS INC | ACRV | 2,122,605 | $5.1M | 0.99% |
| 17 | SNOWFLAKE INC | SNOW | 20,253 | $4.4M | 0.86% |
| 18 | TAYSHA GENE THERAPIES INC | TSHA | 724,873 | $4.0M | 0.77% |
| 19 | CANDEL THERAPEUTICS INC | CADL | 405,837 | $2.3M | 0.44% |
| 20 | FIGMA INC | FIG | 18,286 | $683,348 | 0.13% |