Sustainable Growth Advisers, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Sustainable Growth Advisers, LP reported 54 stock positions worth $23.9 billion. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Amazon.com (AMZN, 6.5%) and Visa Class A (V, 5.0%). Compared with Q4 2023, it opened 5 new positions, sold out of 3, added to 21 and reduced 24. The biggest buy was a new position in Waste Management (WM) and the biggest sale Equinix (EQIX, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001290668
- Portfolio Value
- $23.9B (Q1 2024)
- SEC Filing
- 0001290668-24-000002 ↗ filed May 7, 2024
Holdings Value
Holdings 54 stocks · $23.9B
| MSFT Microsoft Corp. | 6.64% | 3,771,971 | $1.6B | Add +0.5% |
| AMZN Amazon.com Inc. | 6.50% | 8,609,232 | $1.6B | Reduce -0.3% |
| V Visa Inc. Class A | 5.01% | 4,292,299 | $1.2B | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 4.05% | 1,955,078 | $967.2M | Add +18.4% |
| INTU Intuit Inc. | 3.94% | 1,449,137 | $941.9M | Add +0.2% |
| AON Aon PLC Class A | 3.92% | 2,805,199 | $936.2M | Add +4.8% |
| SPGI S&P Global Inc. | 3.92% | 2,199,754 | $935.9M | Add +2.1% |
| WDAY Workday Inc. Class A | 3.88% | 3,402,374 | $928.0M | Add +9.7% |
| DHR Danaher Corp. | 3.87% | 3,706,193 | $925.5M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 3.61% | 5,664,038 | $862.4M | Add +1.6% |
| CP Canadian Pacific Kansas City | 3.57% | 9,674,340 | $853.0M | Reduce -4.2% |
| YUM Yum! Brands Inc. | 3.45% | 5,939,663 | $823.5M | Add +2.1% |
| ADSK Autodesk Inc. | 3.31% | 3,039,929 | $791.7M | Reduce -6.8% |
| MSCI MSCI Inc. | 3.10% | 1,323,058 | $741.5M | Add +1.8% |
| CRM Salesforce Inc. | 3.09% | 2,453,085 | $738.8M | Reduce -0.3% |
| NVDA Nvidia Corp. | 2.77% | 732,874 | $662.2M | Reduce -37.4% |
| CPAY Corpay Inc. | 2.31% | 1,793,215 | $553.3M | Reduce -6.7% |
| EQIX Equinix Inc. | 2.11% | 611,051 | $504.3M | Reduce -25.7% |
| HDB HDFC Bank Ltd.-ADR | 2.07% | 8,824,089 | $493.9M | Add +24.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.05% | 3,808,462 | $489.0M | Reduce -4.9% |
| ECL Ecolab Inc. | 1.88% | 1,946,484 | $449.4M | Reduce -18.2% |
| TMO Thermo Fisher Scientific Inc. | 1.87% | 767,436 | $446.0M | Reduce -2.1% |
| NFLX Netflix Inc. | 1.80% | 708,886 | $430.5M | Reduce -17.7% |
| IQV Iqvia Holdings Inc. | 1.71% | 1,614,905 | $408.4M | Reduce -0.7% |
| ICLR Icon PLC | 1.71% | 1,214,812 | $408.1M | Reduce -6.9% |
| MELI MercadoLibre Inc. | 1.64% | 259,862 | $392.9M | Add +38.3% |
| SBUX Starbucks Corp. | 1.63% | 4,275,461 | $390.7M | Add +14.6% |
| AXP American Express Co. | 1.63% | 1,709,268 | $389.2M | Reduce -3.4% |
| SHW The Sherwin-Williams Co. | 1.59% | 1,092,542 | $379.5M | Reduce -10.8% |
| NOW ServiceNow Inc. | 1.42% | 443,738 | $338.3M | Reduce -22.4% |
| STE Steris PLC | 1.40% | 1,485,578 | $334.0M | Add +23.5% |
| ALC Alcon Inc. filed as ALCON AG | 1.38% | 3,963,376 | $330.1M | Add +9.7% |
| BALL Ball Corp. | 1.36% | 4,829,733 | $325.3M | Reduce -4.2% |
| WM Waste Management Inc. | 1.26% | 1,410,248 | $300.6M | New |
| INFY Infosys Ltd.-SP ADR | 1.24% | 16,591,434 | $297.5M | Add +4.4% |
| LIN Linde PLC | 0.89% | 459,656 | $213.4M | Reduce -14.6% |
| TEAM Atlassian Corp. Class A | 0.82% | 1,010,219 | $197.1M | Add +9.2% |
| MDT Medtronic PLC | 0.81% | 2,216,000 | $193.1M | Add +3.4% |
| FMX Fomento Economico Mex-SP ADR | 0.24% | 435,906 | $56.8M | Add +122.8% |
| XP XP Inc. Class A | 0.12% | 1,119,809 | $28.7M | Add +59.4% |
| SAP Sap SE-Sponsored ADR | 0.10% | 116,571 | $22.7M | Add +130.0% |
| WCN Waste Connections Inc. | 0.08% | 106,713 | $18.4M | New |
| LULU Lululemon Athletica Inc. | 0.06% | 38,917 | $15.2M | New |
| UL Unilever PLC | 0.04% | 175,133 | $8.8M | Reduce -3.5% |
| UNVGY Universal Music Gro-Unsp ADR | 0.03% | 535,496 | $8.1M | No change |
| HEINY Heineken NV-SPN ADR | 0.03% | 130,461 | $6.3M | Reduce -0.0% |
| LVMUY LVMH Moet Hennessy-Unsp ADR | 0.03% | 34,571 | $6.3M | New |
| NSRGY Nestle SA-Spons ADR | 0.02% | 46,569 | $4.9M | Add +0.1% |
| AAGIY Aia Group Ltd.-SP ADR | 0.02% | 168,938 | $4.5M | No change |
| AAPL Apple Inc. | 0.01% | 19,556 | $3.4M | No change |
| CIADY China Mengniu-Unspon ADR | 0.01% | 151,352 | $3.2M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.01% | 23,482 | $3.2M | New |
| GOOGL Alphabet Inc. Class A | 0.01% | 16,123 | $2.4M | Reduce -1.8% |
| IWF iShares Russell 1000 Growth | 0.00% | 2,417 | $815K | Reduce -88.2% |
Portfolio Sells Q4 2023 → Q1 2024
| EQIX Equinix Inc. | Reduce -25.7% | 2.11% | −0.91 |
| NOW ServiceNow Inc. | Reduce -22.4% | 1.42% | −0.42 |
| ADSK Autodesk Inc. | Reduce -6.8% | 3.31% | −0.31 |
| ECL Ecolab Inc. | Reduce -18.2% | 1.88% | −0.27 |
| V Visa Inc. Class A | Reduce -2.2% | 5.01% | −0.19 |
| CPAY Corpay Inc. | Reduce -6.7% | 2.31% | −0.16 |
| SHW The Sherwin-Williams Co. | Reduce -10.8% | 1.59% | −0.15 |
| LIN Linde PLC | Reduce -14.6% | 0.89% | −0.11 |
| NFLX Netflix Inc. | Reduce -17.7% | 1.80% | −0.11 |
| CP Canadian Pacific Kansas City | Reduce -4.2% | 3.57% | −0.07 |
| DHR Danaher Corp. | Reduce -0.8% | 3.87% | −0.06 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.1% | 1.87% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -88.2% | 0.00% | −0.02 |
| IQV Iqvia Holdings Inc. | Reduce -0.7% | 1.71% | −0.00 |
| HEINY Heineken NV-SPN ADR | Reduce -0.0% | 0.03% | −0.00 |
| UL Unilever PLC | Reduce -3.5% | 0.04% | −0.00 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.00 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -1.8% | 0.01% | −0.00 |
| ICLR Icon PLC | Reduce -6.9% | 1.71% | +0.03 |
| BALL Ball Corp. | Reduce -4.2% | 1.36% | +0.04 |
| AXP American Express Co. | Reduce -3.4% | 1.63% | +0.12 |
| NVDA Nvidia Corp. | Reduce -37.4% | 2.77% | +0.13 |
| CRM Salesforce Inc. | Reduce -0.3% | 3.09% | +0.14 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -4.9% | 2.05% | +0.16 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 6.50% | +0.52 |
Portfolio Buys Q4 2023 → Q1 2024
| WM Waste Management Inc. | New | 1.26% | +1.26 |
| AON Aon PLC Class A | Add +4.8% | 3.92% | +0.37 |
| MELI MercadoLibre Inc. | Add +38.3% | 1.64% | +0.30 |
| MSFT Microsoft Corp. | Add +0.5% | 6.64% | +0.21 |
| STE Steris PLC | Add +23.5% | 1.40% | +0.19 |
| FMX Fomento Economico Mex-SP ADR | Add +122.8% | 0.24% | +0.12 |
| ALC Alcon Inc. | Add +9.7% | 1.38% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +18.4% | 4.05% | +0.09 |
| WCN Waste Connections Inc. | New | 0.08% | +0.08 |
| LULU Lululemon Athletica Inc. | New | 0.06% | +0.06 |
| SAP Sap SE-Sponsored ADR | Add +130.0% | 0.10% | +0.06 |
| XP XP Inc. Class A | Add +59.4% | 0.12% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +1.6% | 3.61% | +0.03 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.01% | +0.01 |
| MDT Medtronic PLC | Add +3.4% | 0.81% | +0.00 |
| SBUX Starbucks Corp. | Add +14.6% | 1.63% | +0.00 |
| NSRGY Nestle SA-Spons ADR | Add +0.1% | 0.02% | −0.00 |
| WDAY Workday Inc. Class A | Add +9.7% | 3.88% | −0.02 |
| YUM Yum! Brands Inc. | Add +2.1% | 3.45% | −0.02 |
| INFY Infosys Ltd.-SP ADR | Add +4.4% | 1.24% | −0.09 |
| HDB HDFC Bank Ltd.-ADR | Add +24.1% | 2.07% | −0.11 |
| INTU Intuit Inc. | Add +0.2% | 3.94% | −0.18 |
| TEAM Atlassian Corp. Class A | Add +9.2% | 0.82% | −0.18 |
| MSCI MSCI Inc. | Add +1.8% | 3.10% | −0.25 |
| SPGI S&P Global Inc. | Add +2.1% | 3.92% | −0.40 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $10.2B | NVDA, GOOG, MSFT, AMZN, AAPL |
| Q1 2026 | 51 | $10.6B | NVDA, AMZN, MSFT, GOOG, V |
| Q4 2025 | 54 | $14.4B | NVDA, AMZN, MSFT, V, GOOG |
| Q3 2025 | 59 | $17.1B | MSFT, NVDA, AMZN, V, INTU |
| Q2 2025 | 55 | $19.4B | AMZN, MSFT, META, INTU, NVDA |
| Q1 2025 | 56 | $17.9B | AMZN, MSFT, V, META, INTU |
| Q4 2024 | 54 | $19.9B | AMZN, MSFT, V, INTU, UNH |
| Q3 2024 | 53 | $23.6B | AMZN, MSFT, V, UNH, SPGI |
| Q2 2024Amended | 52 | $22.7B | MSFT, AMZN, V, UNH, SPGI |
| Q1 2024 | 54 | $23.9B | MSFT, AMZN, V, UNH, INTU |