DOSSIER · 13F-HR · Q1 2026

Sands Capital Alternatives, LLC

$421M in tracked AUM across 21 positions as of Q1 2026.

SC
CIK 0001846444 · last filed Mar 31, 2026
Total AUM
$421M
as of Q1 2026
Holdings
21
positions
Whale Score
67
67
tracked
Activity
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Sands Capital Alternatives, LLC reported a significant contraction in portfolio value for the period ending September 30, 2025. The total assets under management (AUM) decreased by 14.3%, falling from $507.82M to $435.38M. This decline was driven not only by potential market depreciation but also by substantial capital reallocation, evidenced by a major reduction in the DoorDash position. The portfolio is highly concentrated, containing only *14 holdings...

Key Holdings

The portfolio is dominated by a few large, conviction bets, particularly in the technology and growth sectors.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
G6683N103
NU HLDGS LTD
$94M6.5M22.3%
02
KVYO
KLAVIYO INC
$71M3.6M16.9%
03
SGP
SPYGLASS PHARMA INC
$65M2.5M15.4%
04
BBNX
BETA BIONICS INC
$37M3.7M8.8%
05
IKT
INHIBIKASE THERAPEUTICS INC
$22M13.0M5.2%
06
CPNG
COUPANG INC
$19M1.0M4.5%
07
IOT
SAMSARA INC
$18M560K4.2%
08
DASH
DOORDASH INC
$17M111K4.0%
09
BIOA
BIOAGE LABS INC
$14M786K3.3%
10
TXG
10X GENOMICS INC
$10M482K2.4%

Filing history

2026Q1Mar 31
$421M 18.8%
21 positionsView →
2025Q4Dec 31
$518M 19.1%
20 positionsView →
2025Q3Sep 30
$435M 14.3%
14 positionsView →
2025Q2Jun 30
$508M 30.1%
19 positionsLocked
2025Q1Mar 31
$390M 15.1%
15 positionsLocked
2024Q4Dec 31
$460M 29.2%
21 positionsLocked
2024Q3Sep 30
$356M 19.2%
20 positionsLocked
2024Q2Jun 30
$299M 28.0%
20 positionsLocked
2024Q1Mar 31
$415M 15.4%
20 positionsLocked
2023Q4Dec 31
$359M 6.3%
21 positionsLocked
2023Q3Sep 30
$338M 0.0%
23 positionsLocked
2023Q2Jun 30
$338M 16.4%
21 positionsLocked
Showing 12 of 19