Sands Capital Alternatives, LLC Long-Term Concentrated

Location: Arlington, VA

CIK: 0001846444 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 13, 2026

Total Value: $518M (100.0% shares, 0.0% debt)

Holdings (20)

KVYO KLAVIYO INC 22.9%

Value $119M Shares 3,649,678 Est. Cost $27.82 Unrealized +0.7%

NU NU HLDGS LTD 22.2%

Value $115M Shares 6,861,399 Est. Cost $10.60 Unrealized +51.6%

BBNX BETA BIONICS INC 21.0%

Value $109M Shares 3,570,113 Est. Cost $18.06 Unrealized +47.9%

IKT INHIBIKASE THERAPEUTICS INC 5.1%

Value $26.69M Shares 13,018,965 Est. Cost $2.35 Unrealized -32.3%

DASH DOORDASH INC 4.2%

Value $21.66M Shares 95,618 Est. Cost $193.76 Unrealized +21.1%

CPNG COUPANG INC 4.0%

Value $20.53M Shares 870,424 Est. Cost $24.80 Unrealized +14.7%

IOT SAMSARA INC 3.2%

Value $16.53M Shares 466,190 Est. Cost $43.14 Unrealized -10.3%

DDOG DATADOG INC 2.3%

Value $11.67M Shares 85,793 Est. Cost $134.86 Unrealized +17.2%

TOST TOAST INC 2.1%

Value $10.71M Shares 301,647 Est. Cost $35.42 Unrealized +1.8%

BIOA BIOAGE LABS INC 2.0%

Value $10.4M Shares 786,353 Est. Cost $20.04 Unrealized -55.8%

MNDY MONDAY COM LTD 1.9%

Value $10.01M Shares 67,868 Est. Cost $261.62 Unrealized -35.6%

TTAN SERVICETITAN INC 1.8%

Value $9.57M Shares 89,856 Est. Cost $97.68 Unrealized 0.0%

TXG 10X GENOMICS INC 1.5%

Value $7.858M Shares 481,770 Est. Cost $51.88 Unrealized -70.9%

ABOS ACUMEN PHARMACEUTICALS INC 1.4%

Value $7.21M Shares 3,417,075 Est. Cost $16.64 Unrealized -88.1%

TARS TARSUS PHARMACEUTICALS INC 1.3%

Value $6.96M Shares 85,000 Est. Cost $24.75 Unrealized +201.7%

ACRV ACRIVON THERAPEUTICS INC 1.0%

Value $5.115M Shares 2,122,605 Est. Cost $11.67 Unrealized -81.4%

SNOW SNOWFLAKE INC 0.9%

Value $4.443M Shares 20,253 Est. Cost $284.41 Unrealized -14.2%

TSHA TAYSHA GENE THERAPIES INC 0.8%

Value $3.987M Shares 724,873 Est. Cost $19.01 Unrealized -74.5%

CADL CANDEL THERAPEUTICS INC 0.4%

Value $2.293M Shares 405,837 Est. Cost $8.29 Unrealized -35.1%

FIG FIGMA INC 0.1%

Value $683K Shares 18,286 Est. Cost $68.66 Unrealized -34.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KVYO	KLAVIYO INC	3,649,678	$119M	22.9%	$27.82	+0.7%	COM SER A	49845K101
NU	NU HLDGS LTD	6,861,399	$115M	22.2%	$10.60	+51.6%	ORD SHS CL A	G6683N103
BBNX	BETA BIONICS INC	3,570,113	$109M	21.0%	$18.06	+47.9%	COM	08659B102
IKT	INHIBIKASE THERAPEUTICS INC	13,018,965	$26.69M	5.1%	$2.35	-32.3%	COM NEW	45719W205
DASH	DOORDASH INC	95,618	$21.66M	4.2%	$193.76	+21.1%	CL A	25809K105
CPNG	COUPANG INC	870,424	$20.53M	4.0%	$24.80	+14.7%	CL A	22266T109
IOT	SAMSARA INC	466,190	$16.53M	3.2%	$43.14	-10.3%	COM CL A	79589L106
DDOG	DATADOG INC	85,793	$11.67M	2.3%	$134.86	+17.2%	CL A COM	23804L103
TOST	TOAST INC	301,647	$10.71M	2.1%	$35.42	+1.8%	CL A	888787108
BIOA	BIOAGE LABS INC	786,353	$10.4M	2.0%	$20.04	-55.8%	COM	09077V100
MNDY	MONDAY COM LTD	67,868	$10.01M	1.9%	$261.62	-35.6%	SHS	M7S64H106
TTAN	SERVICETITAN INC	89,856	$9.57M	1.8%	$97.68	0.0%	SHS CL A	81764X103
TXG	10X GENOMICS INC	481,770	$7.858M	1.5%	$51.88	-70.9%	CL A COM	88025U109
ABOS	ACUMEN PHARMACEUTICALS INC	3,417,075	$7.21M	1.4%	$16.64	-88.1%	COM	00509G209
TARS	TARSUS PHARMACEUTICALS INC	85,000	$6.96M	1.3%	$24.75	+201.7%	COM	87650L103
ACRV	ACRIVON THERAPEUTICS INC	2,122,605	$5.115M	1.0%	$11.67	-81.4%	COMMON STOCK	004890109
SNOW	SNOWFLAKE INC	20,253	$4.443M	0.9%	$284.41	-14.2%	COM SHS	833445109
TSHA	TAYSHA GENE THERAPIES INC	724,873	$3.987M	0.8%	$19.01	-74.5%	COM SHS	877619106
CADL	CANDEL THERAPEUTICS INC	405,837	$2.293M	0.4%	$8.29	-35.1%	COM	137404109
FIG	FIGMA INC	18,286	$683K	0.1%	$68.66	-34.2%	CLASS A COM STK	316841105