Frank Sands' Strategic Moves in Q2 2024: Spotlight on CoStar Group's Significant Reduction

GuruFocus.com08-14

Insights into Sands Capital Management's Latest Portfolio Adjustments Frank M. Sands, Jr., CFA, the CEO and CIO of Sands Capital Management, has recently filed the firm's 13F for the second quarter of...

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Sands, Jr., CFA, the CEO and CIO of Sands Capital Management, has recently filed the firm's 13F for the second quarter of...</p>\n\n<a href=\"https://finance.yahoo.com/news/frank-sands-strategic-moves-q2-170131696.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2210149790.SGD","symbol_name":"Natixis Thematics Subscription Economy R/A SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/frank-sands-strategic-moves-q2-170131696.html","article_id":"2459039184","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xNv3jFtj3fc.v5OEhWiDWQ--~B/aD05MDI7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/5339751731f2e32e8042442dede32307"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459039184","pubTimestamp":1723568491,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Insights into Sands Capital Management's Latest Portfolio Adjustments. Frank M. Sands, Jr., CFA, the CEO and CIO of Sands Capital Management, has recently filed the firm's 13F for the second quarter of 2024. Under his leadership, the firm continues to focus on identifying exceptional growth businesses globally, a strategy rooted in the belief that stock prices ultimately reflect the earnings growth of the companies. Sands, who has been with the firm since 2000, emphasizes long-term investments in innovative and rapidly growing companies through their Select Growth and Global Growth strategies.GuruFocus has detected 3 Warning Signs with NVDA.During the second quarter of 2024, Frank Sands  made a notable new addition to his portfolio:. iShares Russell 1000 Growth ETF  with 6,500 shares, representing 0.01% of the portfolio and valued at $2.37 million.As of the second quarter of 2024, Frank Sands 's portfolio included 66 stocks. The top holdings were 9.12% in NVIDIA Corp , 7.38% in Amazon.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU0109392836.USD":"富兰克林科技股A","03165":"华夏欧优股对冲","LU2063271972.USD":"富兰克林创新领域基金","ASML":"阿斯麦","STE":"思泰瑞医疗","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","MSFT":"微软","AAPL":"苹果","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","QID":"纳指两倍做空ETF","LU0861579265.USD":"联博低波幅策略股票基金A","LU0444971666.USD":"天利全球科技基金","IWF":"罗素1000成长指数ETF-iShares","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","V":"Visa","LU":"陆金所",".IXIC":"NASDAQ Composite","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","SQQQ":"纳指三倍做空ETF","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","AMZN":"亚马逊","LU0557290698.USD":"施罗德环球可持续增长基金","BK4587":"ChatGPT概念","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","QLD":"纳指两倍做多ETF","NVDA":"英伟达","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","BK4501":"段永平概念","TQQQ":"纳指三倍做多ETF","CSGP":"科斯塔","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK4588":"碎股","IOT":"Samsara, Inc.","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","PSQ":"纳指反向ETF","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC"},"translate_title":"Frank Sands 2024年第二季度战略举措：聚焦CoStar Group大幅减持","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IWF":1,"IOT":1,"STE":1,"CSGP":1,".IXIC":0.9,"V":0.7,"MSFT":0.7,"NVDA":0.7,"ASML":0.7,"AMZN":0.7,"AAPL":0.7,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"03165":0.6,"MNQmain":0.6,"NQmain":0.6,"LU":0.6},"content_text":"Insights into Sands Capital Management's Latest Portfolio Adjustments\nFrank M. Sands, Jr., CFA, the CEO and CIO of Sands Capital Management, has recently filed the firm's 13F for the second quarter of 2024. Under his leadership, the firm continues to focus on identifying exceptional growth businesses globally, a strategy rooted in the belief that stock prices ultimately reflect the earnings growth of the companies. Sands, who has been with the firm since 2000, emphasizes long-term investments in innovative and rapidly growing companies through their Select Growth and Global Growth strategies.\n\nWarning! GuruFocus has detected 3 Warning Signs with NVDA.\n\n\nNew Additions to the Portfolio\nDuring the second quarter of 2024, Frank Sands (Trades, Portfolio) made a notable new addition to his portfolio:\n\niShares Russell 1000 Growth ETF (IWF) with 6,500 shares, representing 0.01% of the portfolio and valued at $2.37 million.\n\nSignificant Increases in Existing Positions\nFrank Sands (Trades, Portfolio) also strategically increased his stakes in several companies:\n\nApple Inc (NASDAQ:AAPL) saw an addition of 1,306,354 shares, bringing the total to 1,307,375 shares. This adjustment marks a significant 127,948.48% increase in share count, impacting the portfolio by 0.81% with a total value of $275.36 million.\nSamsara Inc (NYSE:IOT) with an additional 6,038,941 shares, bringing the total to 7,612,221 shares. This represents a 383.84% increase in share count, valued at $256.53 million.\n\nComplete Exits from Certain Holdings\nFrank Sands (Trades, Portfolio) decided to exit completely from several positions in the second quarter of 2024:\n\nSteris PLC (NYSE:STE): All 409,845 shares were sold, impacting the portfolio by -0.26%.\nAdobe Inc (NASDAQ:ADBE): All 160 shares were liquidated, having a negligible impact on the portfolio.\n\nMajor Reductions in Key Holdings\nSignificant reductions were made in several stocks, including:\n\nCoStar Group Inc (NASDAQ:CSGP) saw a reduction of 5,370,084 shares, a -99.9% decrease, impacting the portfolio by -1.45%. The stock traded at an average price of $84.75 during the quarter and has seen a -18.44% return over the past three months and -17.32% year-to-date.\nVisa Inc (NYSE:V) was reduced by 944,029 shares, a -15.16% decrease, impacting the portfolio by -0.74%. The stock traded at an average price of $274.09 during the quarter and has returned -6.61% over the past three months and 0.41% year-to-date.\n\nPortfolio Overview and Sector Allocation\nAs of the second quarter of 2024, Frank Sands (Trades, Portfolio)'s portfolio included 66 stocks. The top holdings were 9.12% in NVIDIA Corp (NASDAQ:NVDA), 7.38% in Amazon.com Inc (NASDAQ:AMZN), 5.93% in ASML Holding NV (NASDAQ:ASML), 4.2% in Microsoft Corp (NASDAQ:MSFT), and 4.07% in Visa Inc (NYSE:V). The holdings are predominantly concentrated in six industries: Technology, Consumer Cyclical, Communication Services, Healthcare, Financial Services, and Industrials.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459039184"}