Investor: Frank M. Sands
Number of Assets: 67
Reporting Period: Q1 - 2026
Holdings at Report: $25,486,826,915
Return Since Report: +$2,450,153,825
Return Since Report: +9.61%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alibaba Group Holding Limited (BABA) | Equity | +3.75% | 7,793 | 0.00% | $125.46 | $132.59 | $977,710 | $1,033,274 | +$55,564 | +5.68% |
| Amphenol Corp. (APH) | Equity | -8.35% | 805,602 | 0.40% | $126.35 | $125.00 | $101,787,813 | $100,700,250 | -$1,087,563 | -1.07% |
| Arista Networks Inc. (ANET) | Equity | +100% | 2,698 | 0.00% | $122.78 | $141.97 | $331,260 | $383,035 | +$51,775 | +15.63% |
| Block Inc. (XYZ) | Equity | -7.07% | 5,510,835 | 1.30% | $60.18 | $70.36 | $331,642,050 | $387,714,796 | +$56,072,746 | +16.91% |
| Broadcom Inc. (AVGO) | Equity | -33.66% | 1,402,835 | 1.70% | $309.51 | $425.19 | $434,191,461 | $596,471,414 | +$162,279,953 | +37.38% |
| Carpenter Technology Corp. (CRS) | Equity | +32.43% | 823,277 | 1.27% | $394.15 | $408.93 | $324,494,630 | $336,662,664 | +$12,168,034 | +3.75% |
| Coupang Inc. (CPNG) | Equity | -11.12% | 9,172,187 | 0.68% | $18.88 | $16.12 | $173,170,891 | $147,855,654 | -$25,315,237 | -14.62% |
| Eli Lilly And Company (LLY) | Equity | +100% | 32,887 | 0.12% | $919.77 | $1,004.92 | $30,248,476 | $33,048,804 | +$2,800,328 | +9.26% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | -18.83% | 4,970,779 | 0.16% | $8.30 | $8.64 | $41,257,466 | $42,922,677 | +$1,665,211 | +4.04% |
| HDFC Bank Limited (HDB) | Equity | -85.16% | 907,652 | 0.09% | $24.88 | $24.45 | $22,582,382 | $22,192,091 | -$390,291 | -1.73% |
| Joint Stock Company Kaspi.Kz (KSPI) | Equity | -18.60% | 1,586,334 | 0.46% | $74.07 | $87.51 | $117,499,759 | $138,820,088 | +$21,320,329 | +18.14% |
| Klaviyo Inc. (KVYO) | Equity | -35.92% | 595,160 | 0.05% | $19.46 | $14.38 | $11,581,814 | $8,558,401 | -$3,023,413 | -26.10% |
| Linde PLC (LIN) | Equity | -7.80% | 54,593 | 0.11% | $495.76 | $506.11 | $27,065,026 | $27,630,063 | +$565,037 | +2.09% |
| Mercadolibre Inc. (MELI) | Equity | -6.71% | 475,455 | 3.23% | $1,729.02 | $1,546.81 | $822,071,204 | $735,438,549 | -$86,632,655 | -10.54% |
| Netflix Inc. (NFLX) | Equity | -6.07% | 9,414,668 | 3.55% | $96.15 | $87.02 | $905,220,328 | $819,264,409 | -$85,955,919 | -9.50% |
| On Holding AG (ONON) | Equity | -4.66% | 6,325,547 | 0.84% | $34.02 | $37.26 | $215,195,109 | $235,689,881 | +$20,494,772 | +9.52% |
| Quanta Services Inc. (PWR) | Equity | +8.57% | 626,348 | 1.35% | $549.02 | $769.82 | $343,877,579 | $482,172,086 | +$138,294,507 | +40.22% |
| Sea Limited (SE) | Equity | -14.04% | 4,728,550 | 1.54% | $82.81 | $88.23 | $391,571,225 | $417,199,967 | +$25,628,742 | +6.55% |
| Shopify Inc. (SHOP) | Equity | -6.00% | 8,935,666 | 4.16% | $118.62 | $100.28 | $1,059,948,701 | $896,068,586 | -$163,880,115 | -15.46% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -14.11% | 5,862,685 | 7.77% | $337.95 | $404.35 | $1,981,294,396 | $2,370,576,680 | +$389,282,284 | +19.65% |
| Tetra Tech Inc. (TTEK) | Equity | -4.97% | 6,658,823 | 0.79% | $30.12 | $26.18 | $200,563,749 | $174,327,986 | -$26,235,763 | -13.08% |
| Waste Connections Inc. (WCN) | Equity | -34.27% | 634,903 | 0.40% | $162.44 | $156.67 | $103,133,643 | $99,470,253 | -$3,663,390 | -3.55% |
| Alphabet Inc. (GOOGL) | Equity | +3.75% | 5,124,494 | 5.78% | $287.56 | $396.78 | $1,473,599,495 | $2,033,296,729 | +$559,697,234 | +37.98% |
| Apple Inc. (AAPL) | Equity | +100% | 3,219 | 0.00% | $253.79 | $300.23 | $816,950 | $966,440 | +$149,490 | +18.30% |
| ASML Holding N.V. (ASML) | Equity | -4.50% | 639,833 | 3.32% | $1,320.83 | $1,501.81 | $845,110,621 | $960,907,598 | +$115,796,977 | +13.70% |
| Atlassian Corp. (TEAM) | Equity | -89.54% | 14,281 | 0.00% | $68.25 | $87.46 | $974,678 | $1,249,016 | +$274,338 | +28.15% |
| Bloom Energy Corp. (BE) | Equity | +100% | 1,779,038 | 0.95% | $135.49 | $275.95 | $241,041,859 | $490,925,536 | +$249,883,677 | +103.67% |
| Builders Firstsource Inc. (BLDR) | Equity | -4.96% | 2,621,085 | 0.85% | $82.33 | $70.44 | $215,793,928 | $184,629,227 | -$31,164,701 | -14.44% |
| Carvana Co. (CVNA) | Equity | -13.32% | 2,117,248 | 2.61% | $314.38 | $67.17 | $665,620,426 | $142,215,548 | -$523,404,878 | -78.63% |
| Datadog Inc. (DDOG) | Equity | -7.10% | 1,406,366 | 0.65% | $118.05 | $207.98 | $166,021,506 | $292,496,001 | +$126,474,495 | +76.18% |
| Ferrari N.V. (RACE) | Equity | -7.19% | 287,709 | 0.38% | $338.45 | $321.20 | $97,375,111 | $92,412,131 | -$4,962,980 | -5.10% |
| Figma INC | Equity | -1.16% | 187,577 | 0.02% | $21.14 | N/A | $3,965,378 | N/A | N/A | N/A |
| Gitlab Inc. (GTLB) | Equity | 0% | 127,475 | 0.01% | $21.64 | $23.66 | $2,758,559 | $3,016,059 | +$257,500 | +9.33% |
| Intercontinental Exchange Inc. (ICE) | Equity | -20.33% | 4,384,298 | 2.71% | $157.28 | $154.36 | $689,562,389 | $676,760,239 | -$12,802,150 | -1.86% |
| Lam Research Corp. (LRCX) | Equity | +100% | 755,222 | 0.63% | $213.66 | $284.72 | $161,360,733 | $215,026,808 | +$53,666,075 | +33.26% |
| Lumentum Holdings Inc. (LITE) | Equity | +100% | 312 | 0.00% | $702.76 | $970.70 | $219,261 | $302,858 | +$83,597 | +38.13% |
| Meta Platforms Inc. (META) | Equity | +1.93% | 1,279,121 | 2.87% | $572.13 | $614.23 | $731,823,498 | $785,674,492 | +$53,850,994 | +7.36% |
| Nu Holdings Ltd. (NU) | Equity | -22.69% | 34,342,221 | 1.94% | $14.37 | $12.15 | $493,497,716 | $417,257,985 | -$76,239,731 | -15.45% |
| Palantir Technologies Inc. (PLTR) | Equity | +15.52% | 22,919 | 0.01% | $146.28 | $133.99 | $3,352,591 | $3,070,917 | -$281,674 | -8.40% |
| Robinhood Markets Inc. (HOOD) | Equity | +100% | 3,746 | 0.00% | $69.30 | $77.14 | $259,598 | $288,966 | +$29,368 | +11.31% |
| Seagate Technology Holdings PLC (STX) | Equity | +100% | 531,892 | 0.82% | $391.76 | $795.47 | $208,374,010 | $423,104,129 | +$214,730,119 | +103.05% |
| Snowflake Inc. (SNOW) | Equity | -65.07% | 4,178 | 0.00% | $150.82 | $157.47 | $630,126 | $657,910 | +$27,784 | +4.41% |
| Transdigm Group Inc. (TDG) | Equity | -8.57% | 94,341 | 0.43% | $1,158.96 | $1,148.97 | $109,337,445 | $108,394,979 | -$942,466 | -0.86% |
| Ultragenyx Pharmaceutical Inc. (RARE) | Equity | -7.78% | 3,214,533 | 0.26% | $20.95 | $25.00 | $67,344,466 | $80,363,325 | +$13,018,859 | +19.33% |
| Aerovironment Inc. (AVAV) | Equity | +100% | 1,342 | 0.00% | $183.05 | $158.00 | $245,653 | $212,036 | -$33,617 | -13.68% |
| Amazon.com Inc. (AMZN) | Equity | -9.69% | 6,719,055 | 5.49% | $208.27 | $264.14 | $1,399,377,585 | $1,774,771,188 | +$375,393,603 | +26.83% |
| Applovin Corp. (APP) | Equity | -33.61% | 971,561 | 1.52% | $398.00 | $501.00 | $386,681,278 | $486,752,061 | +$100,070,783 | +25.88% |
| Argenx Se (ARGX) | Equity | -4.65% | 340,285 | 0.97% | $730.25 | $799.32 | $248,493,121 | $271,996,606 | +$23,503,485 | +9.46% |
| Axon Enterprise Inc. (AXON) | Equity | -2.79% | 1,564,504 | 2.61% | $424.69 | $391.88 | $664,429,204 | $613,097,828 | -$51,331,376 | -7.73% |
| Boston Scientific Corp. (BSX) | Equity | -8.58% | 736,109 | 0.18% | $62.75 | $52.70 | $46,190,840 | $38,792,944 | -$7,397,896 | -16.02% |
| Carlisle Companies Inc. (CSL) | Equity | -4.96% | 919,614 | 1.20% | $333.62 | $330.82 | $306,801,623 | $304,226,703 | -$2,574,920 | -0.84% |
| Cloudflare Inc. (NET) | Equity | -1.86% | 3,661,749 | 2.96% | $206.34 | $197.56 | $755,565,289 | $723,415,132 | -$32,150,157 | -4.26% |
| Doordash Inc. (DASH) | Equity | -12.00% | 3,957,060 | 2.33% | $150.15 | $159.20 | $594,152,559 | $629,963,952 | +$35,811,393 | +6.03% |
| Flutter Entertainment PLC (FLUT) | Equity | -4.71% | 1,988,830 | 0.80% | $101.95 | $92.38 | $202,761,218 | $183,728,115 | -$19,033,103 | -9.39% |
| Grab Holdings Limited (GRAB) | Equity | -18.87% | 9,122,432 | 0.13% | $3.66 | $3.55 | $33,388,101 | $32,384,634 | -$1,003,467 | -3.01% |
| Intuitive Surgical Inc. (ISRG) | Equity | -4.04% | 1,321,274 | 2.39% | $460.99 | $421.12 | $609,094,101 | $556,414,907 | -$52,679,194 | -8.65% |
| Formula One Group (FWONK) | Equity | -25.10% | 1,559,760 | 0.52% | $85.02 | $89.54 | $132,610,795 | $139,660,910 | +$7,050,115 | +5.32% |
| Mckesson Corp. (MCK) | Equity | +15.50% | 201,283 | 0.68% | $865.36 | $760.57 | $174,182,257 | $153,089,811 | -$21,092,446 | -12.11% |
| Microsoft Corp. (MSFT) | Equity | -38.07% | 1,530,124 | 2.22% | $370.17 | $421.92 | $566,406,001 | $645,589,918 | +$79,183,917 | +13.98% |
| Nvidia Corp. (NVDA) | Equity | -9.77% | 18,085,742 | 12.38% | $174.40 | $225.32 | $3,154,153,405 | $4,075,079,387 | +$920,925,982 | +29.20% |
| Palo Alto Networks Inc. (PANW) | Equity | -1.16% | 161,078 | 0.10% | $160.32 | $242.83 | $25,824,025 | $39,114,571 | +$13,290,546 | +51.47% |
| Roblox Corp. (RBLX) | Equity | -14.35% | 2,726,701 | 0.61% | $56.56 | $42.85 | $154,222,209 | $116,839,138 | -$37,383,071 | -24.24% |
| Samsara Inc. (IOT) | Equity | -18.12% | 15,657,744 | 1.95% | $31.69 | $29.56 | $496,193,907 | $462,842,913 | -$33,350,994 | -6.72% |
| Servicenow Inc. (NOW) | Equity | -99.18% | 31,521 | 0.01% | $104.55 | $95.07 | $3,295,521 | $2,996,701 | -$298,820 | -9.07% |
| Spotify Technology S.A. (SPOT) | Equity | +22.07% | 1,794,226 | 3.41% | $484.91 | $436.63 | $870,038,130 | $783,412,898 | -$86,625,232 | -9.96% |
| Stevanato Group S.P.A. (STVN) | Equity | +0.87% | 497,310 | 0.03% | $13.75 | $17.99 | $6,838,012 | $8,946,607 | +$2,108,595 | +30.84% |
| Visa Inc. (V) | Equity | -10.35% | 2,770,431 | 3.29% | $302.24 | $325.75 | $837,335,065 | $902,467,898 | +$65,132,833 | +7.78% |