Sands Capital Alternatives, LLC Long-Term Concentrated

Location: Arlington, VA

CIK: 0001846444 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value: $456M (100.0% shares, 0.0% debt)

Holdings (20)

NU NU HLDGS LTD 25.2%

Value $115M Shares 7,175,434 Est. Cost $10.60 Unrealized +31.6%

KVYO KLAVIYO INC 21.3%

Value $97.33M Shares 3,515,065 Est. Cost $27.81 Unrealized +16.1%

BBNX BETA BIONICS INC 15.5%

Value $70.94M Shares 3,570,113 Est. Cost $18.06 Unrealized -2.7%

CPNG COUPANG INC 5.6%

Value $25.6M Shares 795,006 Est. Cost $24.45 Unrealized +23.6%

DASH DOORDASH INC 5.4%

Value $24.52M Shares 90,142 Est. Cost $191.28 Unrealized +31.1%

IOT SAMSARA INC 4.9%

Value $22.31M Shares 598,914 Est. Cost $43.14 Unrealized -13.9%

IKT INHIBIKASE THERAPEUTICS INC 3.9%

Value $17.74M Shares 10,950,000 Est. Cost $2.49 Unrealized -30.6%

DDOG DATADOG INC 3.7%

Value $16.9M Shares 118,707 Est. Cost $134.86 Unrealized +2.1%

MNDY MONDAY COM LTD 2.5%

Value $11.3M Shares 58,336 Est. Cost $276.85 Unrealized -16.8%

TARS TARSUS PHARMACEUTICALS INC 2.2%

Value $10.1M Shares 170,000 Est. Cost $24.75 Unrealized +98.9%

CRWD CROWDSTRIKE HLDGS INC 1.7%

Value $7.657M Shares 15,615 Est. Cost $330.02 Unrealized +37.8%

SNOW SNOWFLAKE INC 1.3%

Value $6.091M Shares 27,005 Est. Cost $284.41 Unrealized -24.5%

ABOS ACUMEN PHARMACEUTICALS INC 1.3%

Value $5.843M Shares 3,417,075 Est. Cost $16.64 Unrealized -91.7%

TOST TOAST INC 1.3%

Value $5.718M Shares 156,604 Est. Cost $34.83 Unrealized +24.6%

TXG 10X GENOMICS INC 1.2%

Value $5.632M Shares 481,770 Est. Cost $51.88 Unrealized -74.9%

BIOA BIOAGE LABS INC 1.0%

Value $4.624M Shares 786,353 Est. Cost $20.04 Unrealized -76.6%

ACRV ACRIVON THERAPEUTICS INC 0.8%

Value $3.842M Shares 2,122,605 Est. Cost $11.67 Unrealized -88.0%

TSHA TAYSHA GENE THERAPIES INC 0.5%

Value $2.37M Shares 724,873 Est. Cost $19.01 Unrealized -85.1%

CADL CANDEL THERAPEUTICS INC 0.5%

Value $2.07M Shares 405,837 Est. Cost $8.29 Unrealized -30.3%

FIG FIGMA INC 0.2%

Value $948K Shares 18,286 Est. Cost $68.66 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NU	NU HLDGS LTD	7,175,434	$115M	25.2%	$10.60	+31.6%	ORD SHS CL A	G6683N103
KVYO	KLAVIYO INC	3,515,065	$97.33M	21.3%	$27.81	+16.1%	COM SER A	49845K101
BBNX	BETA BIONICS INC	3,570,113	$70.94M	15.5%	$18.06	-2.7%	COM	08659B102
CPNG	COUPANG INC	795,006	$25.6M	5.6%	$24.45	+23.6%	CL A	22266T109
DASH	DOORDASH INC	90,142	$24.52M	5.4%	$191.28	+31.1%	CL A	25809K105
IOT	SAMSARA INC	598,914	$22.31M	4.9%	$43.14	-13.9%	COM CL A	79589L106
IKT	INHIBIKASE THERAPEUTICS INC	10,950,000	$17.74M	3.9%	$2.49	-30.6%	COM NEW	45719W205
DDOG	DATADOG INC	118,707	$16.9M	3.7%	$134.86	+2.1%	CL A COM	23804L103
MNDY	MONDAY COM LTD	58,336	$11.3M	2.5%	$276.85	-16.8%	SHS	M7S64H106
TARS	TARSUS PHARMACEUTICALS INC	170,000	$10.1M	2.2%	$24.75	+98.9%	COM	87650L103
CRWD	CROWDSTRIKE HLDGS INC	15,615	$7.657M	1.7%	$330.02	+37.8%	CL A	22788C105
SNOW	SNOWFLAKE INC	27,005	$6.091M	1.3%	$284.41	-24.5%	COM SHS	833445109
ABOS	ACUMEN PHARMACEUTICALS INC	3,417,075	$5.843M	1.3%	$16.64	-91.7%	COM	00509G209
TOST	TOAST INC	156,604	$5.718M	1.3%	$34.83	+24.6%	CL A	888787108
TXG	10X GENOMICS INC	481,770	$5.632M	1.2%	$51.88	-74.9%	CL A COM	88025U109
BIOA	BIOAGE LABS INC	786,353	$4.624M	1.0%	$20.04	-76.6%	COM	09077V100
ACRV	ACRIVON THERAPEUTICS INC	2,122,605	$3.842M	0.8%	$11.67	-88.0%	COMMON STOCK	004890109
TSHA	TAYSHA GENE THERAPIES INC	724,873	$2.37M	0.5%	$19.01	-85.1%	COM SHS	877619106
CADL	CANDEL THERAPEUTICS INC	405,837	$2.07M	0.5%	$8.29	-30.3%	COM	137404109
FIG	FIGMA INC	18,286	$948K	0.2%	$68.66	0.0%	CLASS A COM STK	316841105