Sands Capital Management

Sands Capital Management as of June 30, 2012

Portfolio Holdings for Sands Capital Management

Sands Capital Management holds 0 positions in its portfolio as reported in the June 2012 quarterly 13F filing

                {C}             {C}
                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER              VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3D SYSTEMS CORP			     COM	88554D205    11024   322910  SH 	SOLE		    243810	  0    79100
ALEXION PHARMACEUTICALS INC	     COM	015351109   967163  9739804  SH 	SOLE		   6897594	  0  2842210
ALLERGAN			     COM	018490102   666263  7197399  SH 	SOLE		   5084946	  0  2112453
AMAZON.COM			     COM	023135106  1673772  7329854  SH 	SOLE		   5189384	  0  2140470
ANSYS INC	 		     COM	03662Q105    11527   182655  SH 	SOLE		    138455	  0    44200
APPLE				     COM	037833100  2069926  3544393  SH 	SOLE		   2515596	  0  1028797
ARM HOLDINGS PLC - ADR		     ADR	042068106    13167   553485  SH 	SOLE		    419385	  0   134100
ASML ADR			     ADR	N07059186   732893 14253072  SH 	SOLE		  10069352	  0  4183720
ATHENAHEALTH, INC		     COM	04685W103   251601  3177989  SH 	SOLE		   2234199	  0   943790
BAIDU INC - ADR			     ADR	056752108    10458    90955  SH 	SOLE		     75455	  0    15500
BIOMARIN PHARMACEUTICAL INC.	     COM	09061G101    64209  1622250  SH 	SOLE		   1121750	  0   500500
CERNER CORP	                     COM	156782104   384395  4650318  SH 	SOLE		   3291938	  0  1358380
CISCO SYSTEMS	                     COM	17275R102      240    14000  SH 	SOLE		      7500	  0     6500
COACH, INC.			     COM	189754104   517662  8851948  SH 	SOLE		   6246421	  0  2605527
CONCUR TECHNOLOGIES INC		     COM	206708109    15203   223244  SH 	SOLE		    178460	  0    44784
F5 NETWORKS INC		  	     COM	315616102   470606  4726856  SH 	SOLE		   3361900	  0  1364956
FACEBOOK INC - A		    CL A	30303M102   362235 11649292  SH 	SOLE		   8186230	  0  3463062
FMC TECHNOLOGIES		     COM	30249U101   479634 12226208  SH 	SOLE		   8631542	  0  3594666
GOOGLE				    CL A	38259P508  1408621  2428364  SH 	SOLE		   1723085	  0   705279
INTERCONTINENTAL EXCHANGE	     COM	45865V100   586730  4314826  SH 	SOLE		   3041965	  0  1272861
INTUITIVE SURGICAL		     COM	46120E602   585616  1057469  SH 	SOLE		    748735	  0   308734
IPG PHOTONICS CORP		     COM	44980X109    11489   263560  SH 	SOLE		    199660	  0    63900
LAS VEGAS SANDS		       	     COM	517834107   578753 13307716  SH 	SOLE		   9440631	  0  3867085
MERCADOLIBRE			     ADR	58733R102   107512  1418365  SH 	SOLE		   1010675	  0   407690
NATIONAL OILWELL VARCO		     COM	637071101   570071  8846533  SH 	SOLE		   6256203	  0  2590330
NETFLIX INC			     COM	64110L106   270342  3947464  SH 	SOLE		   2778906	  0  1168558
NETSUITE INC			     COM	64118Q107    22532   411400  SH 	SOLE		    323900	  0    87500
NEW ORIENTAL EDUCATION ADR	     ADR	647581107    58817  2400695  SH 	SOLE		   1674395	  0   726300
NIKE				     COM	654106103   611180  6962632  SH 	SOLE		   4912312	  0  2050320
PRAXAIR, INC.			     COM	74005P104   697472  6414718  SH 	SOLE		   4533944	  0  1880774
PRICELINE.COM INC		     COM	741503403   748810  1126843  SH 	SOLE		    795517	  0   331326
QUALCOMM			     COM	747525103  1055292 18952799  SH 	SOLE		  13443347	  0  5509452
REGENERON PHARMACEUTICALS	     COM	75886F107   701545  6142048  SH 	SOLE		   4343813	  0  1798235
SALESFORCE.COM			     COM	79466L302  1422791 10290694  SH 	SOLE		   7298424	  0  2992270
SCHLUMBERGER			     COM	806857108   646948  9966842  SH 	SOLE		   7058240	  0  2908602
SOUTHWESTERN ENERGY COMPANY	     COM	845467109   337282 10563184  SH 	SOLE		   7483074	  0  3080110
STARBUCKS			     COM	855244109   614678 11528086  SH 	SOLE		   8192756	  0  3335330
VISA INC			     COM	92826C839  1742380 14093502  SH 	SOLE		  10002450	  0  4091052
WW GRAINGER INC			     COM	384802104   557837  2916949  SH 	SOLE		   2070989	  0   845960