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Sands Capital International Growth Fund's investment thesis on ARM Holdings PLC ($ARM) — Q2 2026 | Buyside Digest

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$ARMNASDAQARM Holdings PLC

NEUTRAL

Sands Capital International Growth Fund—ARM

Fund Letter

Q2 2026

Published July 31, 2026

View Fund Profile

$288.34USD

+14.4% vs last month

$282.57Pitched

+2.0% since pitch

Market Cap$307.9B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Sands Capital International Growth returned 18.7% net in Q2 2026, outperforming the MSCI ACWI ex USA Index by 420 basis points as geopolitical uncertainty eased and AI enthusiasm drove strong performance. The portfolio benefited...

— David E. Levanson, CFA and Danielle J. Menichella, CFA

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