13F-HR/A 1 t4q04.txt 13F HOLDINGS REPORT ADMENDMENT FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2004 Check here if Amendment [X]; Amendment Number:1 Institutional Investment Management Filing this Report: Name: Sands Capital Management, Inc. 1100 Wilson Blvd., Suite 3050 Arlington, VA 22209 13F File Number: 28-05834 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission Person Signing this Report on Behalf of Reporting Manager: Name: Robert C. Hancock Title: Chief Operating Officer & Chief Compliance Officer Phone: 703-562-4000 Signature, Place and Date of Signing: Robert C. Hancock, Arlington, Virginia, April 12, 2005 Report Type (Check only one): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: 028-01190 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 46 Form 13F Information Table Value Total: 10997479 FORM 13F INFORMATION TABLE Value Shares/ Sh/ Invstmt Other Voting Authority Name of Issuer Title of Class CUSIP (x 1000) Prn Amt Prn Dscretn Managers Sole Shared None Allergan COM 018490102 321659 3967668 SH SOLE 2812870 1154798 Amgen COM 031162100 348520 5432893 SH SOLE 3853362 1579531 Apollo Group COM 037604105 762918 9452589 SH SOLE 6629401 2823188 Applied Materials COM 038222105 752 43980 SH SOLE 8990 34990 BP PLC SPON ADR 055622104 321 5500 SH SOLE 5500 Bed, Bath & Beyond COM 075896100 275511 6917179 SH SOLE 4932055 1985124 Capital One Financial COM 14040H105 645625 7666851 SH SOLE 5317688 2349163 Chicago Mercantile COM 167760107 233 1020 SH SOLE 520 500 Cisco Systems COM 17275R102 432047 20362699 SH SOLE 15584012 6778687 Dell Computer COM 247025109 654853 15539943 SH SOLE 10944407 4595536 EMC Corp COM 268648102 321 21610 SH SOLE 14718 6892 Ebay, Inc COM 278642103 1282328 11022245 SH SOLE 7699288 3322957 First Data Corp COM 319963104 285 6700 SH SOLE 3700 3000 Genentech COM 368710406 651469 11966740 SH SOLE 8443673 3523067 General Electric COM 369604103 1054 28892 SH SOLE 192 28700 Genzyme COM 372917104 344662 5935290 SH SOLE 4193090 1742200 Google, Inc. COM 17275R102 437457 2269087 SH SOLE 1604937 664150 Harley-Davidson COM 412822108 221957 3653613 SH SOLE 2619059 1034554 Intel Corp COM 458140100 3291 140715 SH SOLE 54013 86702 IBM Corp COM 459200101 423 4293 SH SOLE 793 3500 Johnson & Johnson COM 478160104 1011 15942 SH SOLE 3502 12440 Kohls Corp COM 500255104 247083 5025071 SH SOLE 3567353 1457718 L-3 Comms COM 502424104 267 3655 SH SOLE 3655 0 Lowes Companies COM 548661107 541846 9408691 SH SOLE 6612055 2796636 MBNA Corp COM 55262L950 704 24975 SH SOLE 10675 14300 Medtronic COM 585055106 397677 8006382 SH SOLE 5634234 2372148 Microsoft COM 594918104 300437 11243911 SH SOLE 7813955 3429956 Moody's Corp COM 615369105 315681 3634786 SH SOLE 2568445 1066341 Nike, Inc. COM 654106103 213 2355 SH SOLE 2355 0 Patterson Cos. COM 703395103 196437 4527248 SH SOLE 3185448 1341800 Price Group COM 74144T108 510 8200 SH SOLE 1800 6400 Procter & Gamble COM 742718109 227 4129 SH SOLE 51 4078 Qualcomm COM 747525103 537344 12673209 SH SOLE 8897545 3775664 Red Hat, Inc. COM 756577102 153505 11498490 SH SOLE 8147635 3350855 Rockwell Automation COM 773903109 297 6000 SH SOLE 6000 0 Rockwell Collins COM 774341101 236 6000 SH SOLE 6000 0 SAP AG SPON ADR 803054204 221 5000 SH SOLE 5000 0 Starbucks COM 855244109 852838 13676043 SH SOLE 9616893 4059150 Stryker COM 863667101 244204 5061221 SH SOLE 3634707 1426514 Symantec COM 871503108 282 10966 SH SOLE 7430 3536 Target COM 87612E106 584 11253 SH SOLE 10373 880 Teva Pharmaceutical SPON ADR 881624209 364742 12215066 SH SOLE 8620161 3594905 Wal-Mart COM 931142103 195243 3696381 SH SOLE 2629742 1066639 Walgreen COM 931422109 259516 6763511 SH SOLE 4756750 2006761 Yahoo!, Inc. COM 984332106 470 12489 SH SOLE 8789 3700 Zimmer Holdings COM 98956P102 218 2718 SH SOLE 1650 1068