Sands Capital released its Q2 2025 investor letter for the Technology Innovators Fund, noting a 26.0% return compared to the benchmark’s 21.9%. The fund focused on pioneering tech businesses globally, benefiting from geopolitical ease, AI optimism, strong earnings, and technical tailwinds for market recovery. Check its top 5 holdings for 2025 picks.

Global-E Online Ltd. (NASDAQ:GLBE) was highlighted in Sands Capital’s letter, with shares returning 4.42% in the past month. However, the fund sold its position due to cybersecurity and execution concerns impacting growth potential. The stock closed at $34.27 on July 24, 2025, with a market cap of $5.817 billion.

Global-E Online Ltd. (NASDAQ:GLBE) faced cybersecurity and execution concerns leading to Sands Capital’s decision to sell its position. Despite significant potential, challenges from recent hacks and tariffs prompted the fund to exit in favor of higher conviction opportunities. The stock is not among the 30 most popular stocks among hedge funds.

Global-E Online Ltd. (NASDAQ:GLBE) saw revenues of nearly $190 million in Q1 2025, up 30% year-over-year. While acknowledging its investment potential, Sands Capital believes certain AI stocks offer better upside with less downside risk. The fund suggests exploring a free report on the best short-term AI stock for potential gains.

Read more at Yahoo Finance: Sands Capital Technology Innovators Fund Sold Global-E Online Ltd. (GLBE) Due to Cybersecurity and Execution Concerns