Here’s Sands Capital Select Growth Strategy’s View on DoorDash (DASH)

Core Insights - Sands Capital's "Sands Capital Select Growth Strategy" Q3 2025 investor letter indicates a recovery in U.S. large-cap growth equities driven by strong corporate earnings, AI enthusiasm, and expectations for Federal Reserve policy easing [1] - The portfolio achieved a return of 6.3% (net) in the quarter, underperforming the benchmark's 10.5% gain [1] Company Analysis: DoorDash, Inc. (NASDAQ:DASH) - DoorDash is identified as the leading food-delivery platform in the U.S. based on market share [3] - The stock experienced a one-month return of -26.34% and a 52-week gain of 9.83%, closing at $195.98 per share with a market capitalization of $84.467 billion on November 26, 2025 [2] - Despite its potential, DoorDash is not among the 30 most popular stocks among hedge funds, with 100 hedge fund portfolios holding the stock at the end of Q2 2025, up from 87 in the previous quarter [4]