Sands Capital
Sands Capital Technology Innovators
Mega-cap Technology
Jun 2025 → Dec 2025
Our archive holds 3 letters from this strategy, behind 6 investment theses and positions in 6 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
- BroadcomDec 2025Broadcom is a critical AI infrastructure supplier with leadership in ethernet networking and custom accelerators benefiting from scaling compute demands.
- Palantir TechnologiesDec 2025Palantir Technologies is an operational AI platform with deep integration and broad budgets exposure, benefiting from AI adoption and government modernization.
- Duolingo Inc.Sep 2025Duolingo is the leading global language-learning app with potential for increased monetization by targeting a larger audience with AI-powered tools.
- FigmaSep 2025Figma is a leading digital design platform with a dominant market share and strong potential for growth in an evolving landscape, particularly as thoughtful design remains a key differentiator.
- Palo Alto NetworksJun 2025Palo Alto Networks is a leading cybersecurity platform with strong growth potential in Next-Generation Security, driven by the increasing importance of AI in cybersecurity.
- SpotifyJun 2025Spotify is the leading audio streaming service with significant market share, inelastic demand, and strong pricing power, poised for gross and operating margin improvement over the next five years.