Long000660.KSJun 2026
SK hynix Inc.
SK hynix is one of the fund's largest holdings and a major beneficiary of the memory shortage spreading from high-bandwidth memory into conventional DRAM and NAND. AI inference…
Sands Capital Management, LLC - Emerging Markets Growth Composite
Concentrated emerging-markets growth strategy focused on businesses driving secular change and generally held for five years or longer.$5.6B AUM12 published ideas
Sands Capital is an independent, staff-owned growth investor founded in 1992. Emerging Markets Growth is concentrated and conviction-weighted, focusing on businesses with sustainable above-average earnings growth, leadership positions, competitive advantages, financial strength and rational valuations. Strategy assets were 5.6 billion dollars and the expected holding period was 5+ years as of June 30, 2026. Listing identifiers for selected Asian holdings were cross-checked with issuer, exchange or filing sources. ([chromaate.com][6])
Ideas from Sands Capital Management, LLC - Emerging Markets Growth Composite
Long005930.KSJun 2026
Samsung Electronics Co., Ltd.
Samsung Electronics is positioned to benefit from the widening shortage across DRAM, NAND and high-bandwidth memory. Pre-booked demand suggests the supply-demand gap could be…
Long2330.TWJun 2026
Taiwan Semiconductor Manufacturing Company Limited
TSMC is the world's largest manufacturer of leading-edge chips by market share and is a central beneficiary of AI compute demand. Sands interprets recent gross-margin upside as…
Long2454.TWJun 2026
MediaTek Inc.
MediaTek is a leading fabless semiconductor designer with a growing custom-AI-chip opportunity tied to Google's tensor processing units. The company is helping develop Google's…
Long1211.HKJun 2026
BYD Company Limited
BYD is viewed as a technology-driven electric-vehicle and battery company rather than a traditional automaker competing mainly on price. Although the shares weakened, Sands sees…
Long9988.HKJun 2026
Alibaba Group Holding Limited
Sands says its Alibaba thesis remains intact despite weakness in Chinese internet stocks and concerns about consumption and AI spending. Recent results were supported by strong…
Long0700.HKJun 2026
Tencent Holdings Limited
Tencent's core gaming, advertising and fintech businesses remain strong and are anchored by the WeChat ecosystem. First-quarter results showed 20 percent advertising growth and…
Long1299.HKJun 2026
AIA Group Limited
AIA is the largest pan-Asian life insurer by market share and the fund believes recent multiple compression is excessive. Regulation affecting mainland Chinese visitors has hurt…
Long298040.KSJun 2026
Hyosung Heavy Industries Corporation
Hyosung Heavy Industries is a newly purchased Korean power-equipment company that Sands views as a beneficiary of a multiyear infrastructure cycle. Aging-grid replacement, rising…
Long2360.TWJun 2026
Chroma ATE Inc.
Chroma ATE is a newly purchased electronic test and measurement leader serving semiconductor and AI-infrastructure markets. Its test systems can benefit from the shift to…
Long688008.SSJun 2026
Montage Technology Co., Ltd.
Montage Technology is a newly purchased fabless semiconductor company focused on memory-interface chips and high-speed interconnect solutions. As AI training and inference scale…
Long402340.KSJun 2026
SK Square Co., Ltd.
SK Square is a holding-company investment whose net asset value is overwhelmingly tied to its stake in SK hynix. Sands sees it as an attractive way to gain economic exposure to…
Letters covered
- Emerging Markets Growth Quarterly ReportJune 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.