Sands Capital Alternatives, LLC Long-Term Concentrated

Name: Sands Capital Alternatives, LLC Q2 2026 13F Filing | 13F Explorer
Creator: Sands Capital Alternatives, LLC
Published: 2026-08-13

Location: Arlington, VA

CIK: 0001846444 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $614M (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (3)

ALMR ALAMAR BIOSCIENCES INC 18.7%

Value $115M Shares 4,230,926 Est. Cost $27.09 Unrealized —

ODTX ODYSSEY THERAPEUTICS INC 2.7%

Value $16.37M Shares 875,000 Est. Cost $18.71 Unrealized —

CBRS CEREBRAS SYSTEMS INC 1.2%

Value $7.254M Shares 32,825 Est. Cost $221.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ALMR	ALAMAR BIOSCIENCES INC	4,230,926	$115M	18.7%	$27.09	—	COMMON STOCK	010911105
ODTX	ODYSSEY THERAPEUTICS INC	875,000	$16.37M	2.7%	$18.71	—	COMMON STOCK	67613T104
CBRS	CEREBRAS SYSTEMS INC	32,825	$7.254M	1.2%	$221.00	—	COM CL A	15675D103

Increased Positions (10)

KVYO KLAVIYO INC 9.7%

Value $59.32M (-16.5%) Shares 3,928,146 (+7.6%) Est. Cost $26.92 Unrealized —

DASH DOORDASH INC 3.8%

Value $23.54M (+40.9%) Shares 127,562 (+14.7%) Est. Cost $192.93 Unrealized —

CPNG COUPANG INC 3.8%

Value $23.09M (+20.8%) Shares 1,329,314 (+31.3%) Est. Cost $22.50 Unrealized —

SNOW SNOWFLAKE INC 1.0%

Value $6.235M (+104.1%) Shares 24,498 (+21.0%) Est. Cost $279.23 Unrealized —

TOST TOAST INC 1.7%

Value $10.15M (+26.9%) Shares 364,879 (+21.0%) Est. Cost $34.10 Unrealized —

TTAN SERVICETITAN INC 1.3%

Value $7.675M (+34.6%) Shares 108,545 (+20.8%) Est. Cost $93.04 Unrealized —

MNDY MONDAY COM LTD 1.0%

Value $5.935M (+26.5%) Shares 81,982 (+20.8%) Est. Cost $229.04 Unrealized —

ACRV ACRIVON THERAPEUTICS INC 0.7%

Value $4.075M (+38.1%) Shares 2,289,271 (+7.9%) Est. Cost $10.95 Unrealized —

NU NU HLDGS LTD 15.4%

Value $94.79M (+0.9%) Shares 7,094,952 (+8.5%) Est. Cost $10.81 Unrealized —

FIG FIGMA INC 0.1%

Value $401K (+3.7%) Shares 22,165 (+21.2%) Est. Cost $59.81 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KVYO	KLAVIYO INC	3,928,146 (+7.6%)	$59.32M (-16.5%)	9.7%	$26.92	—	COM SER A	49845K101
DASH	DOORDASH INC	127,562 (+14.7%)	$23.54M (+40.9%)	3.8%	$192.93	—	CL A	25809K105
CPNG	COUPANG INC	1,329,314 (+31.3%)	$23.09M (+20.8%)	3.8%	$22.50	—	CL A	22266T109
SNOW	SNOWFLAKE INC	24,498 (+21.0%)	$6.235M (+104.1%)	1.0%	$279.23	—	COM SHS	833445109
TOST	TOAST INC	364,879 (+21.0%)	$10.15M (+26.9%)	1.7%	$34.10	—	CL A	888787108
TTAN	SERVICETITAN INC	108,545 (+20.8%)	$7.675M (+34.6%)	1.3%	$93.04	—	SHS CL A	81764X103
MNDY	MONDAY COM LTD	81,982 (+20.8%)	$5.935M (+26.5%)	1.0%	$229.04	—	SHS	M7S64H106
ACRV	ACRIVON THERAPEUTICS INC	2,289,271 (+7.9%)	$4.075M (+38.1%)	0.7%	$10.95	—	COMMON STOCK	004890109
NU	NU HLDGS LTD	7,094,952 (+8.5%)	$94.79M (+0.9%)	15.4%	$10.81	—	ORD SHS CL A	G6683N103
FIG	FIGMA INC	22,165 (+21.2%)	$401K (+3.7%)	0.1%	$59.81	—	CLASS A COM STK	316841105

Decreased Positions (2)

DDOG DATADOG INC 3.4%

Value $21.05M (+107.8%) Shares 80,851 (-5.8%) Est. Cost $134.86 Unrealized —

IOT SAMSARA INC 2.7%

Value $16.72M (-5.8%) Shares 515,658 (-8.0%) Est. Cost $40.89 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DDOG	DATADOG INC	80,851 (-5.8%)	$21.05M (+107.8%)	3.4%	$134.86	—	CL A COM	23804L103
IOT	SAMSARA INC	515,658 (-8.0%)	$16.72M (-5.8%)	2.7%	$40.89	—	COM CL A	79589L106

Unchanged Positions (9)

BBNX BETA BIONICS INC 9.5%

Value $58.11M Shares 3,708,043 Est. Cost $18.02 Unrealized —

SGP SPYGLASS PHARMA INC 9.1%

Value $55.65M Shares 2,500,012 Est. Cost $25.91 Unrealized —

TXG 10X GENOMICS INC 3.0%

Value $18.47M Shares 481,770 Est. Cost $51.88 Unrealized —

BIOA BIOAGE LABS INC 3.1%

Value $19.27M Shares 786,353 Est. Cost $20.04 Unrealized —

IKT INHIBIKASE THERAPEUTICS INC 4.3%

Value $26.43M Shares 13,018,965 Est. Cost $2.35 Unrealized —

CADL CANDEL THERAPEUTICS INC 0.7%

Value $4.18M Shares 405,837 Est. Cost $8.29 Unrealized —

TSHA TAYSHA GENE THERAPIES INC 0.8%

Value $4.936M Shares 724,873 Est. Cost $19.01 Unrealized —

ABOS ACUMEN PHARMACEUTICALS INC 1.6%

Value $9.933M Shares 3,720,105 Est. Cost $15.47 Unrealized —

TARS TARSUS PHARMACEUTICALS INC 0.9%

Value $5.35M Shares 85,000 Est. Cost $24.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BBNX	BETA BIONICS INC	3,708,043	$58.11M	9.5%	$18.02	—	COM	08659B102
SGP	SPYGLASS PHARMA INC	2,500,012	$55.65M	9.1%	$25.91	—	COM SHS	85220G109
TXG	10X GENOMICS INC	481,770	$18.47M	3.0%	$51.88	—	CL A COM	88025U109
BIOA	BIOAGE LABS INC	786,353	$19.27M	3.1%	$20.04	—	COM	09077V100
IKT	INHIBIKASE THERAPEUTICS INC	13,018,965	$26.43M	4.3%	$2.35	—	COM NEW	45719W205
CADL	CANDEL THERAPEUTICS INC	405,837	$4.18M	0.7%	$8.29	—	COM	137404109
TSHA	TAYSHA GENE THERAPIES INC	724,873	$4.936M	0.8%	$19.01	—	COM SHS	877619106
ABOS	ACUMEN PHARMACEUTICALS INC	3,720,105	$9.933M	1.6%	$15.47	—	COM	00509G209
TARS	TARSUS PHARMACEUTICALS INC	85,000	$5.35M	0.9%	$24.75	—	COM	87650L103