Our Culture

What you believe and what you value as an organization matters. Discover the DNA of our firm.

Our People

Get to know our teams and the stories of select staff members who share why they choose to work at Sands Capital.

News & Events

Read about some of the latest events, partnerships, and business highlights from Sands Capital.

Careers

At Sands Capital, we strive to hire exceptional talent who will live our values and support our efforts to deliver on our mission.

The combination of software and the move to cloud computing remains one of the largest secular growth trends we see, which is driving increased demand for scalable, cloud-based solutions across every sector of the economy.

In this episode of What Matters Most, we delve deep into the world of online sports betting, focusing on the global leader, Flutter. Research Analyst Katherine Bates joins us to discuss Flutter’s journey, its innovative strategies, and how it’s transforming the gambling landscape.

At Sands Capital we encourage our investment team to think in decades not quarters. Director of Research Michael Raab, CFA discusses how culture can support the visionary research needed to find businesses creating the future.

Nu Holdings’ Nubank focuses on driving financial inclusion among underbanked populations who lack sufficient access to mainstream financial services and products, including access to common banking services, such as credit cards or loans.

Philosophy & Approach

Our philosophy is rooted in the belief that, over time, stock prices will reflect the earnings power and growth of the underlying businesses.

Our latest annual report offers a comprehensive view of how we add value through active stewardship.

Public Equity

Our newest strategy takes an unconstrained approach to seeking the best growth businesses outside of the U.S.

Venture & Growth Equity

Sands Capital invests in innovative businesses across all stages of the growth spectrum

a bald man in a jacket smiles at the camera

Dave Levanson, CFA

Sr. Portfolio Manager
Research Analyst
Executive Managing Director

Joined Sands Capital

Re-joined in 2002

Work Experience

Sands Capital (2002 - 2006)
Arlington, VA | Research Analyst, Portfolio Manager

MFS Investment Management (1999 - 2002)
Boston, MA | Research Analyst

State Street Research & Management (1996 - 1999)
Boston, MA | Research Analyst, Vice President

Sands Capital (1992 - 1994)
Arlington, VA | Research Analyst

The Capital Management Group Folger Nolan Fleming Douglas (1990 - 1992)
Washington, DC | Research Analyst

Education

University of Virginia (1996)
MBA | Darden School

University of Florida (1990)
BSBA | Finance

Dave is a co-portfolio manager of the Sands Capital Global Growth and International Growth strategies, research analyst, and executive managing director.

Dave was one of Sands Capital’s first staff members, working as a research analyst when the firm opened in 1992. He left to pursue his MBA in 1994, then worked as a research analyst and vice president at State Street Research & Management (now BlackRock) and as a research analyst at MFS Investment Management. In 2002, Dave returned to Sands Capital as a research analyst and later led the research efforts of the firm’s global industrials sector team. He helped develop the firm’s Global Growth strategy and has served as a co-portfolio manager since its inception in 2008. Dave joined the International Growth portfolio management team in 2022. In addition to his portfolio management duties, he is a member of the executive management team, which provides strategic leadership across the firm.

Dave earned a BSBA from the University of Florida and an MBA from the UVA Darden School of Business. He is a CFA® charterholder.

Investment Strategy
Gen AI: Hype or Megatrend?
Generative artificial intelligence has been gaining traction across industries, powering an explosive demand for computing power and systems that could enable new use cases for businesses, schools, consumers, and society in general.
Investment Strategy
Beyond Distortion and Doubt
Change can create uncertainty in financial markets, but it also has the potential to unlock opportunities for many of the businesses we own. Tune in to hear Sr. Portfolio Manager Dave Levanson, CFA discuss the on-going journey of these businesses, why we continued to own them through tough times, and what we can expect from them going forward.

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