Sands Capital Select Growth Fund Exits DoorDash Position in Q2
In its second-quarter 2026 investor letter, Sands Capital Select Growth Fund disclosed the sale of shares in DoorDash (DASH). The fund outperformed the Russell 1000 Growth Index with a return of 23.2%, driven by strong performance in AI infrastructure stocks such as memory and storage providers. The decision to sell DoorDash reflects Sands Capital's strategy to reallocate capital toward high-growth opportunities, particularly those benefiting from advancements in artificial intelligence. The fund emphasized that the sale does not diminish its view of DoorDash or Nu Holdings as quality businesses but aligns with portfolio concentration goals. DoorDash closed at $226.24 per share on September 2, 2026, with a market cap of $98.04 billion and mixed performance over the past year.
Tickers: $DASH
Topics: DoorDash (DASH) Fund Performance Q2 Investor Letter Sands Capital