13F-HR 1 san2q06.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2006 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Sands Capital Management, LLC Address: 1100 Wilson Blvd. Ste. 3050 Arlington, VA 22209 13F File Number: 28-05734 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 form. Person Signing this Report on Behalf of Reporting Manager: Name: Robert Hancock Title: Chief Operating & Chief Compliance Officer Phone: 703-562-4000 Signature, Place, and Date of Signing: Robert Hancock Arlington, VA August 14, 2006 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-01190 Frank Russell Investment Co. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 48 Form13F Information Table Value Total: $17,596,536 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABRAXIS BIOSCIENCE INC COM 00383E106 183226 7685667 SH SOLE 5276971 0 2408696 ADOBE SYS INC COM 00724F101 225 7405 SH SOLE 1500 0 5905 ALLERGAN INC COM 018490102 671309 6258711 SH SOLE 4354851 0 1903860 AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 396452 11919769 SH SOLE 8222724 0 3697045 APOLLO GROUP INC CL A 037604105 764173 14789494 SH SOLE 10171859 0 4617635 APPLE COMPUTER INC COM 037833100 421012 7351356 SH SOLE 5056626 0 2294730 BED BATH & BEYOND INC COM 075896100 194639 5867912 SH SOLE 4338055 0 1529857 BP PLC SPONSORED ADR 055622104 383 5500 SH SOLE 0 0 5500 CELGENE CORP COM 151020104 228 4800 SH SOLE 4800 0 0 CHICAGO MERCANTILE HLDGS INC CL A 167760107 947798 1929753 SH SOLE 1330886 0 598867 CISCO SYS INC COM 17275R102 5876 300875 SH SOLE 145825 0 155050 DELL INC COM 24702R101 345 14125 SH SOLE 14125 0 0 EBAY INC COM 278642103 1043692 35633056 SH SOLE 24466429 0 11166627 EXXON MOBIL CORP COM 30231G102 205 3348 SH SOLE 3348 0 0 GENENTECH INC COM NEW 368710406 1229353 15028762 SH SOLE 10311413 0 4717349 GENERAL ELECTRIC CO COM 369604103 972 29485 SH SOLE 600 0 28885 GENZYME CORP COM 372917104 830292 13600197 SH SOLE 9361731 0 4238466 GETTY IMAGES INC COM 374276103 298 4700 SH SOLE 1000 0 3700 GOOGLE INC CL A 38259P508 1794214 4278763 SH SOLE 2930308 0 1348455 INTEL CORP COM 458140100 910 47900 SH SOLE 8600 0 39300 INTERCONTINENTALEXCHANGE INC COM 45865V100 247720 4275454 SH SOLE 2931405 0 1344049 INTERNATIONAL GAME TECHNOLOG COM 459902102 257 6785 SH SOLE 6335 0 450 INTUITIVE SURGICAL INC COM NEW 46120E602 294420 2560175 SH SOLE 1756482 0 803693 IRON MTN INC COM 462846106 216430 5789989 SH SOLE 3984091 0 1805898 ISHARES TR RUSSELL1000GRW 464287614 1612 31861 SH SOLE 25561 0 6300 JOHNSON & JOHNSON COM 478160104 419 7000 SH SOLE 400 0 6600 LOWES COS INC COM 548661107 874090 14407291 SH SOLE 9915850 0 4491441 MEDTRONIC INC COM 585055106 357606 7621601 SH SOLE 5211725 0 2409876 MICROSOFT CORP COM 594918104 3339 143316 SH SOLE 74356 0 68960 MOODYS CORP COM 615369105 603082 11073852 SH SOLE 7601485 0 3472367 NASDAQ 100 TR UNIT SER 1 631100104 365 9406 SH SOLE 1656 0 7750 PATTERSON COMPANIES INC COM 703395103 236267 6764004 SH SOLE 4638436 0 2125568 PRICE T ROWE GROUP INC COM 74144T108 485 12834 SH SOLE 34 0 12800 PROCTER & GAMBLE CO COM 742718109 271 4877 SH SOLE 487 0 4390 QUALCOMM INC COM 747525103 783805 19560912 SH SOLE 13324607 0 6236305 RED HAT INC COM 756577102 405867 17344753 SH SOLE 11988720 0 5356033 ROCKWELL AUTOMATION INC COM 773903109 432 6000 SH SOLE 6000 0 0 ROCKWELL COLLINS INC COM 774341101 335 6000 SH SOLE 6000 0 0 SCHLUMBERGER LTD COM 806857108 502315 7714868 SH SOLE 5434309 0 2280559 SPDR TR UNIT SER 1 78462F103 822 6460 SH SOLE 1050 0 5410 STARBUCKS CORP COM 855244109 1605180 42510069 SH SOLE 29283712 0 13226357 STRYKER CORP COM 863667101 325699 7734489 SH SOLE 5444197 0 2290292 TARGET CORP COM 87612E106 1626 33276 SH SOLE 17981 0 15295 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 677658 21451671 SH SOLE 14935287 0 6516384 VARIAN MED SYS INC COM 92220P105 349937 7390440 SH SOLE 5059066 0 2331374 WALGREEN CO COM 931422109 653557 14575323 SH SOLE 10093257 0 4482066 YAHOO INC COM 984332106 690072 20911275 SH SOLE 14368468 0 6542807 ZIMMER HLDGS INC COM 98956P102 277266 4887625 SH SOLE 3346738 0 1540887