Sands Capital Portfolio

Sands Capital portfolio overview: Top five stock investments (stocks) reflecting a focused technology investment approach with strong exposure to semiconductors, cloud platforms, and AI-driven demand.
1) NVIDIA Corp — A key holdings position supporting Sands Capital’s growth-oriented investment thesis in accelerated computing, data center AI infrastructure, and high-performance graphics.
2) Taiwan Semiconductor Manufacturing - ADR — Represents Sands Capital’s semiconductor investment strategy through global foundry leadership, benefiting from advanced node production, leading-edge chip manufacturing, and long-cycle demand across mobile, AI, and enterprise compute.
3) Alphabet Inc - Ordinary Shares - Class A — Strengthens the portfolio via diversified platform economics: search and advertising scale, Google Cloud expansion, and AI capabilities that underpin long-term revenue resilience.
4) Amazon.com Inc. — Adds exposure to e-commerce durability plus AWS as a core growth engine; aligns with Sands Capital preferences for scalable cloud services, logistics optimization, and ongoing technology-led operating leverage.
5) ASML Holding NV - New York Shares — Enhances the portfolio’s upstream tech footprint through critical lithography equipment supply, positioning Sands Capital for sustained investment cycles tied to cutting-edge chip fabrication.
Overall, these top stocks highlight Sands Capital’s preference for durable competitive advantages, technology infrastructure themes, and compounding potential within a concentrated investment portfolio built around major beneficiaries of secular digital transformation.