Sustainable Growth Advisers, LP
STAMFORD, CT
$10.2bn in 47 US stocks at the end of 30 June 2026. The top 10 are 54.0% of the money. It changed about 13.5% of the portfolio this quarter.
Value
$10.2bn
Stocks
47
Top 10 share
54.0%
Turnover
13.5%
What changed this quarter
New
Bought for the first time this quarter.
- EquinixEQIX3.5% of the fund
- Arista NetworksANET1.5% of the fund
- Nu HoldingsNU<0.1% of the fund
Added
Bought more of a stock they already held.
- AlphabetGOOG7.4% of the fund+13%
- AppleAAPL5.0% of the fund+15%
- YUM BrandsYUM3.9% of the fund+11%
- NetflixNFLX2.8% of the fund+19%
- EcolabECL2.5% of the fund+10%
- ServiceNowNOW1.3% of the fund+32%
- LindeLIN0.8% of the fund+518%
- Waste ConnectionsWCN0.2% of the fund+12%
Cut
Sold some of their stake.
- NvidiaNVDA9.3% of the fund-3%
- MicrosoftMSFT5.5% of the fund-4%
- Amazon.comAMZN5.3% of the fund-30%
- VisaV4.9% of the fund-18%
- BroadcomAVGO4.7% of the fund-13%
- SynopsysSNPS3.5% of the fund-10%
- Meta PlatformsMETA3.4% of the fund-12%
- American ExpressAXP3.3% of the fund-12%
- DanaherDHR2.8% of the fund-9%
- Canadian Pacific Kansas CityCP2.8% of the fund-38%
- S&P GlobalSPGI2.7% of the fund-12%
- W.W. GraingerGWW2.6% of the fund-7%
- SalesforceCRM2.3% of the fund-14%
- Chipotle Mexican GrillCMG2.3% of the fund-12%
- Cooper CompaniesCOO1.4% of the fund-5%
- ARM HoldingsARM1.3% of the fund-81%
- NikeNKE1.0% of the fund-5%
- HDFC BankHDB1.0% of the fund-27%
- AonAON0.8% of the fund-77%
- SterisSTE0.8% of the fund-31%
- MercadoLibreMELI0.6% of the fund-36%
- SAP SESAP0.5% of the fund-26%
- Taiwan Semiconductor ManufacturingTSM0.4% of the fund-31%
- SeaSE0.4% of the fund-36%
- Alibaba Group HldgBABA0.2% of the fund-27%
Sold out
Sold their entire stake.
- IntuitINTU-100%
- Tencent Music Entmt GroupTME-100%
- MakeMyTripMMYT-100%
- Universal MusicUNVGY-100%
- AIA GroupAAGIY-100%
- ExperianEXPGY-100%
- Fast RetailingFRCOY-100%
Holdings
- ARM HoldingsARM
- Share
- 1.3%
- Value
- $137m
- Shares
- 385,965
-81%
- SeaSE
- Share
- 0.4%
- Value
- $38m
- Shares
- 400,167
-36%
- Alibaba Group HldgBABA
- Share
- 0.2%
- Value
- $19m
- Shares
- 199,370
-27%
- UnileverUL
- Share
- 0.2%
- Value
- $19m
- Shares
- 310,450
-23%
- InfosysINFY
- Share
- <0.1%
- Value
- $9m
- Shares
- 881,580
-24%
- Adyen N V FADYEY
- Share
- <0.1%
- Value
- $97,233
- Shares
- 10,444
-96%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 9.3% | $944m | 4,720,144 | -3% |
| AlphabetGOOG | 7.4% | $752m | 2,129,711 | +13% |
| MicrosoftMSFT | 5.5% | $561m | 1,505,003 | -4% |
| Amazon.comAMZN | 5.3% | $544m | 2,281,329 | -30% |
| AppleAAPL | 5.0% | $506m | 1,747,382 | +15% |
| VisaV | 4.9% | $495m | 1,442,706 | -18% |
| BroadcomAVGO | 4.7% | $482m | 1,275,451 | -13% |
| Waste ManagementWM | 4.5% | $460m | 2,061,651 | Held |
| YUM BrandsYUM | 3.9% | $399m | 2,498,040 | +11% |
| EquinixEQIX | 3.5% | $362m | 346,868 | New |
| SynopsysSNPS | 3.5% | $360m | 807,346 | -10% |
| Meta PlatformsMETA | 3.4% | $345m | 611,981 | -12% |
| American ExpressAXP | 3.3% | $334m | 987,506 | -12% |
| NetflixNFLX | 2.8% | $290m | 4,062,760 | +19% |
| DanaherDHR | 2.8% | $283m | 1,485,298 | -9% |
| Canadian Pacific Kansas CityCP | 2.8% | $281m | 3,247,192 | -38% |
| S&P GlobalSPGI | 2.7% | $270m | 663,329 | -12% |
| W.W. GraingerGWW | 2.6% | $267m | 196,046 | -7% |
| EcolabECL | 2.5% | $258m | 927,791 | +10% |
| SalesforceCRM | 2.3% | $236m | 1,504,598 | -14% |
| Chipotle Mexican GrillCMG | 2.3% | $234m | 6,871,158 | -12% |
| MastercardMA | 1.9% | $195m | 379,868 | Held |
| Arista NetworksANET | 1.5% | $154m | 909,167 | New |
| Cooper CompaniesCOO | 1.4% | $140m | 1,948,108 | -5% |
| ARM HoldingsARM | 1.3% | $137m | 385,965 | -81% |
| ServiceNowNOW | 1.3% | $132m | 1,331,464 | +32% |
| NikeNKE | 1.0% | $100m | 2,433,226 | -5% |
| HDFC BankHDB | 1.0% | $98m | 3,798,850 | -27% |
| AonAON | 0.8% | $80m | 242,284 | -77% |
| SterisSTE | 0.8% | $79m | 375,237 | -31% |
| LindeLIN | 0.8% | $79m | 151,670 | +518% |
| MercadoLibreMELI | 0.6% | $57m | 33,508 | -36% |
| SAP SESAP | 0.5% | $54m | 351,771 | -26% |
| Taiwan Semiconductor ManufacturingTSM | 0.4% | $43m | 90,462 | -31% |
| SeaSE | 0.4% | $38m | 400,167 | -36% |
| Alibaba Group HldgBABA | 0.2% | $19m | 199,370 | -27% |
| UnileverUL | 0.2% | $19m | 310,450 | -23% |
| Waste ConnectionsWCN | 0.2% | $18m | 109,933 | +12% |
| Grab HoldingsGRAB | 0.2% | $17m | 4,607,822 | -21% |
| AlconALC | 0.1% | $15m | 224,494 | -80% |
| Mexican Economic DevelopmentFMX | 0.1% | $13m | 105,248 | -36% |
| InfosysINFY | <0.1% | $9m | 881,580 | -24% |
| ShopifySHOP | <0.1% | $8m | 74,128 | -9% |
| XPXP | <0.1% | $8m | 489,754 | -30% |
| Spotify TechnologySPOT | <0.1% | $7m | 14,877 | Held |
| Nu HoldingsNU | <0.1% | $6m | 468,797 | New |
| Adyen N V FADYEY | <0.1% | $97,233 | 10,444 | -96% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 47.4% since 30 June 2025.
Where the money is
Technology36.2%
Financial services14.6%
Media & telecom13.7%
Retail & consumer12.5%
Industrials9.9%
Health care5.1%
Real estate3.5%
Materials3.3%
Utilities0.2%
Everyday goods0.1%
Other0.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.