Sands Capital released its Q3 2025 investor letter, reporting a 6.3% return on U.S. large-cap growth equities. Strong corporate earnings, AI enthusiasm, and Fed policy expectations drove gains, though the portfolio trailed the benchmark’s 10.5% increase. Check their top 5 holdings for insights on their picks for 2025.

Atlassian Corporation (NASDAQ:TEAM) was highlighted in Sands Capital’s Q3 2025 investor letter. The collaboration software provider saw a one-month return of -7.06% and a 43.60% loss over 52 weeks. On November 26, 2025, Atlassian Corporation (NASDAQ:TEAM) closed at $148.03 per share with a market cap of $38.966 billion.

Sands Capital Select Growth Strategy noted Atlassian Corporation (NASDAQ:TEAM) as a top software-application vendor in its Q3 2025 investor letter. Despite concerns over AI’s impact on developer headcount, Atlassian’s sales growth accelerated, driven by enterprise adoption and AI product usage.

Atlassian Corporation (NASDAQ:TEAM) was not among the 30 most popular stocks among hedge funds. 64 hedge fund portfolios held the company at the end of the second quarter, down from 82 in the previous quarter. Atlassian Corporation’s (NASDAQ:TEAM) Q1 2026 revenue grew 21% year-over-year to $1.4 billion, though some believe other AI stocks offer better investment potential.

Read more at Yahoo Finance: Atlassian (TEAM) Fell Amid Concerns Over AI Dominance