Sands Capital Global Growth Startegy Exited Nike (NKE) in Q2

Group 1 - Sands Capital Global Growth Strategy reported a portfolio return of 21.7% in Q2 2025, outperforming the MSCI ACWI index which returned 11.5% [1] - The second quarter results marked the fourth best performance since the fund's inception in 2008, both in absolute and relative terms [1] - The investor letter highlighted NIKE, Inc. as one of the top individual absolute detractors, with a one-month return of -4.60% and a 52-week loss of 10.07% [2][3] Group 2 - NIKE, Inc. closed at $72.75 per share on September 16, 2025, with a market capitalization of $107.44 billion [2] - Despite being the largest athletic footwear and apparel company by revenue, NIKE was sold by Sands Capital in Q2 2025 [3] - NIKE, Inc. was held by 81 hedge fund portfolios at the end of Q2 2025, unchanged from the previous quarter [4]