Sands Capital
Sands Capital Global Leaders
Global Mega-cap
Jun 2025 → Dec 2025
Our archive holds 3 letters from this strategy, behind 9 investment theses and positions in 9 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in a year — follow all of Sands Capital for every strategy.
Its investment theses
- SafranDec 2025Safran is a dominant jet engine supplier with a high-margin, long-duration aftermarket model and strong visibility backed by structural advantages.
- Coupang, Inc.Dec 2025Coupang is Korea’s leading ecommerce platform investing for long-term growth in Taiwan with attractive valuation versus strong expected EBITDA growth.
- Boston Scientific CorporationDec 2025Boston Scientific is a leading medtech company with strong structural heart and EP franchises, a robust pipeline, and sustained double-digit growth.
- Ferrari N.V.Dec 2025Ferrari is a luxury performance car maker balancing electrification with brand strength and pricing power while delivering profitable growth.
- Shopify Inc.Dec 2025Shopify is the leading global ecommerce operating system with a powerful ecosystem, AI tailwinds, and a compounding flywheel.
- MercadoLibreSep 2025MercadoLibre is the largest ecommerce and fintech ecosystem in Latin America, poised for significant growth due to its expanding market share, robust logistics, and diverse financial services.
- NVIDIASep 2025NVIDIA is a key infrastructure provider for the AI super-cycle, with strong demand for its GPUs, a rational valuation, and significant growth opportunities across AI/ML, gaming, and autonomous driving sectors.
- Intuitive SurgicalSep 2025Intuitive Surgical is the leading provider of robotic surgical systems, poised for strong growth as it expands its monopoly from niche to broader surgical procedures.
- Compass GroupJun 2025Compass Group is a leading contract catering provider poised for continued growth in a $300 billion industry by outsourcing food service operations, delivering tailored solutions, and maintaining pricing advantages.