Frank Sands (Trades, Portfolio), Jr. of Sands Capital Management recently reported an increase in his holdings of Medidata Solutions, Inc. (NASDAQ:MDSO). Sands is the Chief Executive Officer and Chief Investment Officer of Sands Capital Management. Frank Sands (Trades, Portfolio), Jr. is the son of company founder Frank Sands (Trades, Portfolio), Sr. who started Sands Capital Management in 1992. The firm’s investments focus on quality businesses with an emphasis on growth.
Sands has been steadily adding to his holdings of Medidata Solutions, Inc. since the second quarter of 2014 when he first bought the portfolio holding at $41.52. In 2015 Sands has added to his holdings of Medidata twice. In the first quarter of 2015 Sands added 273,700 shares, increasing the portfolio stake by 5.34%. Most recently, Sands added 176,800 shares, increasing his holding in the stock by 3.27% and bringing the total portfolio position to 0.72%. Continue Reading »