# EDGAR Filing Document

**Accession Number:** 0001020066
**File Stem:** 0001020066-23-000001
**Filing Date:** 2023-2
**Character Count:** 11029
**Document Hash:** 58ecfa55086cdbae135928a174e073cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001020066-23-000001.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001020066-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANDS CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001020066
- **IRS NUMBER:** 202830751
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05734
- **FILM NUMBER:** 23617412

**BUSINESS ADDRESS:**
- **STREET 1:** SANDS CAPITAL MANAGEMENT, LLC
- **STREET 2:** 1000 WILSON BLVD, SUITE 3000
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22209
- **BUSINESS PHONE:** 703-562-4000

**MAIL ADDRESS:**
- **STREET 1:** SANDS CAPITAL MANAGEMENT, LLC
- **STREET 2:** 1000 WILSON BLVD, SUITE 3000
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDS CAPITAL MANAGEMENT, LP
- **DATE OF NAME CHANGE:** 20051024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDS CAPITAL MANAGEMENT
- **DATE OF NAME CHANGE:** 20050804

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SANDS CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19990317

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SANDS CAPITAL MANAGEMENT LLC<br>**Address:** SANDS CAPITAL MANAGEMENT LLC<br>1000 WILSON BLVD SUITE 3000<br>ARLINGTON, VA 22209

**Form 13F File Number:** 028-05734

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lisa Grozio<br>**Title:** Chief Compliance Officer<br>**Phone:** 703.562.4026

**Signature, Place, and Date of Signing:**

/s/ Lisa Grozio  Arlington, VA  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 67

**Form 13F Information Table Value Total:** $26471524

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 10X GENOMICS INC | CL A COM | 88025U109 |  | 116855 | 3206783 | SH |  | SOLE |  | 2430480 | 0 | 776303 |
| AIRBNB INC | COM CL A | 009066101 |  | 267551 | 3129253 | SH |  | SOLE |  | 2251613 | 0 | 877640 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 561177 | 2660870 | SH |  | SOLE |  | 1879586 | 0 | 781284 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 438166 | 4966175 | SH |  | SOLE |  | 3478154 | 0 | 1488021 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 139581 | 1573102 | SH |  | SOLE |  | 1040266 | 0 | 532836 |
| AMAZON COM INC | COM | 023135106 |  | 1352059 | 16095938 | SH |  | SOLE |  | 11746148 | 0 | 4349790 |
| APTIV PLC | SHS | G6095L109 |  | 441902 | 4745000 | SH |  | SOLE |  | 3348746 | 0 | 1396254 |
| ASML HOLDING NV ADR | N Y REGISTRY SHS | N07059210 |  | 944768 | 1729077 | SH |  | SOLE |  | 1206541 | 0 | 522536 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 720428 | 5598602 | SH |  | SOLE |  | 4117900 | 0 | 1480702 |
| BIO-TECHNE CORPORATION | COM | 09073M104 |  | 61039 | 736473 | SH |  | SOLE |  | 677813 | 0 | 58660 |
| BLOCK INC | CL A | 852234103 |  | 990130 | 15756368 | SH |  | SOLE |  | 11586968 | 0 | 4169400 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 6610 | 41145 | SH |  | SOLE |  | 106 | 0 | 41039 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 276133 | 814312 | SH |  | SOLE |  | 669115 | 0 | 145197 |
| CHEGG INC | COM | 163092109 |  | 137723 | 5450074 | SH |  | SOLE |  | 5011789 | 0 | 438285 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 698681 | 15454122 | SH |  | SOLE |  | 11566807 | 0 | 3887315 |
| COSTAR GROUP INC | COM | 22160N109 |  | 769192 | 9953309 | SH |  | SOLE |  | 7921321 | 0 | 2031988 |
| COUPANG INC | CL A | 22266T109 |  | 158925 | 10803846 | SH |  | SOLE |  | 7528992 | 0 | 3274854 |
| DATADOG INC | CL A COM | 23804L103 |  | 298874 | 4066310 | SH |  | SOLE |  | 3113856 | 0 | 952454 |
| DEXCOM INC | COM | 252131107 |  | 1756855 | 15514435 | SH |  | SOLE |  | 11174226 | 0 | 4340209 |
| DOORDASH INC | COM CL A | 25809K105 |  | 464137 | 9507105 | SH |  | SOLE |  | 6826598 | 0 | 2680507 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 560775 | 7516085 | SH |  | SOLE |  | 5310473 | 0 | 2205612 |
| ENTEGRIS INC | COM | 29362U104 |  | 340120 | 5185551 | SH |  | SOLE |  | 3880862 | 0 | 1304689 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 |  | 265044 | 3806457 | SH |  | SOLE |  | 2865510 | 0 | 940947 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 1759 | 38703 | SH |  | SOLE |  | 38703 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 235058 | 1397826 | SH |  | SOLE |  | 920050 | 0 | 477776 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 181840 | 2658084 | SH |  | SOLE |  | 2355831 | 0 | 302253 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 63502 | 618992 | SH |  | SOLE |  | 569404 | 0 | 49588 |
| INTUIT | COM | 461202103 |  | 499758 | 1284000 | SH |  | SOLE |  | 991837 | 0 | 292163 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 111416 | 543784 | SH |  | SOLE |  | 500040 | 0 | 43744 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 249858 | 2667428 | SH |  | SOLE |  | 1763046 | 0 | 904382 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 9097 | 217940 | SH |  | SOLE |  | 217940 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 15448 | 72108 | SH |  | SOLE |  | 69193 | 0 | 2915 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 80758 | 3964548 | SH |  | SOLE |  | 2401630 | 0 | 1562918 |
| LAM RESEARCH CORPORATION | COM | 512807108 |  | 991196 | 2358306 | SH |  | SOLE |  | 1639611 | 0 | 718695 |
| LIBERTY MEDIA CORP DEL | COM SER C FRMLA | 531229854 |  | 153576 | 2569017 | SH |  | SOLE |  | 2365599 | 0 | 203418 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 276644 | 6667725 | SH |  | SOLE |  | 5097131 | 0 | 1570594 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1057298 | 1249407 | SH |  | SOLE |  | 814549 | 0 | 434858 |
| MICROSOFT CORP | COM | 594918104 |  | 121219 | 505458 | SH |  | SOLE |  | 465003 | 0 | 40455 |
| NETFLIX INC | COM | 64110L106 |  | 1048187 | 3554621 | SH |  | SOLE |  | 2578030 | 0 | 976591 |
| NIKE INC | CL B | 654106103 |  | 604361 | 5165037 | SH |  | SOLE |  | 3417935 | 0 | 1747102 |
| NIO INC | SPON ADS | 62914V106 |  | 46709 | 4790643 | SH |  | SOLE |  | 2906698 | 0 | 1883945 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 170278 | 41837269 | SH |  | SOLE |  | 27433120 | 0 | 14404149 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 223022 | 1526087 | SH |  | SOLE |  | 1150649 | 0 | 375438 |
| OKTA INC | CL A | 679295105 |  | 431433 | 6313967 | SH |  | SOLE |  | 4245354 | 0 | 2068613 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 48358 | 5532915 | SH |  | SOLE |  | 3366761 | 0 | 2166154 |
| REPLIGEN CORP | COM | 759916109 |  | 301615 | 1781439 | SH |  | SOLE |  | 1178899 | 0 | 602540 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 153699 | 355710 | SH |  | SOLE |  | 327072 | 0 | 28638 |
| SANSARA INC | COM CL A | 79589L106 |  | 21597 | 1737465 | SH |  | SOLE |  | 1737465 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 |  | 278776 | 2151378 | SH |  | SOLE |  | 1619709 | 0 | 531669 |
| SEA LTD | SPONSORED ADS | 81141R100 |  | 782298 | 15035522 | SH |  | SOLE |  | 10360377 | 0 | 4675145 |
| SERVICENOW INC | COM | 81762P102 |  | 986848 | 2541653 | SH |  | SOLE |  | 1999699 | 0 | 541954 |
| SHOPIFY INC | CL A | 82509L107 |  | 860903 | 24802735 | SH |  | SOLE |  | 18646814 | 0 | 6155921 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 38917 | 331717 | SH |  | SOLE |  | 305166 | 0 | 26551 |
| SNOWFLAKE INC | CL A | 833445109 |  | 743276 | 5178177 | SH |  | SOLE |  | 3772613 | 0 | 1405564 |
| STERIS PLC | SHS USD | G8473T100 |  | 78791 | 426613 | SH |  | SOLE |  | 392274 | 0 | 34339 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 438821 | 5891001 | SH |  | SOLE |  | 3813591 | 0 | 2077410 |
| TEXAS INSTRS INC | COM | 882508104 |  | 117376 | 710422 | SH |  | SOLE |  | 665996 | 0 | 44426 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 97134 | 154267 | SH |  | SOLE |  | 141879 | 0 | 12388 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 372788 | 15074327 | SH |  | SOLE |  | 11330481 | 0 | 3743846 |
| UIPATH INC | COM | 90364P105 |  | 11072 | 871160 | SH |  | SOLE |  | 871160 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 61228 | 115485 | SH |  | SOLE |  | 106205 | 0 | 9280 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2547 | 11950 | SH |  | SOLE |  | 11950 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2151544 | 10355910 | SH |  | SOLE |  | 7717364 | 0 | 2638546 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 373816 | 10674369 | SH |  | SOLE |  | 8037395 | 0 | 2636974 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 8155 | 61520 | SH |  | SOLE |  | 307 | 0 | 61213 |
| XP INC | CL A | G98239109 |  | 133368 | 8694111 | SH |  | SOLE |  | 5295768 | 0 | 3398343 |
| ZOETIS INC | CL A | 98978V103 |  | 69455 | 473934 | SH |  | SOLE |  | 435814 | 0 | 38120 |

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