Sustainable Growth Advisers, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Sustainable Growth Advisers, LP reported 55 stock positions worth $19.4 billion. Its top holding was Amazon.com (AMZN) at 7.2% of the portfolio, followed by Microsoft (MSFT, 7.2%) and Meta Platforms Class A (META, 5.7%). Compared with Q1 2025, it opened 3 new positions, sold out of 4, added to 15 and reduced 35. The biggest buy was a new position in Chipotle Mexican Grill (CMG) and the biggest sale Unitedhealth (UNH, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001290668
- Portfolio Value
- $19.4B (Q2 2025)
- SEC Filing
- 0001290668-25-000003 ↗ filed Aug 8, 2025
Holdings Value
Holdings 55 stocks · $19.4B
| AMZN Amazon.com Inc. | 7.23% | 6,381,153 | $1.4B | Reduce -2.9% |
| MSFT Microsoft Corp. | 7.18% | 2,797,482 | $1.4B | Reduce -9.7% |
| META Meta Platforms Inc. Class A | 5.74% | 1,506,253 | $1.1B | Reduce -2.1% |
| INTU Intuit Inc. | 5.64% | 1,386,636 | $1.1B | Reduce -4.0% |
| NVDA Nvidia Corp. | 5.33% | 6,534,572 | $1.0B | Reduce -8.4% |
| V Visa Inc. Class A | 5.32% | 2,903,722 | $1.0B | Reduce -11.7% |
| SPGI S&P Global Inc. | 4.11% | 1,509,793 | $796.1M | Reduce -1.7% |
| SNPS Synopsys Inc. | 4.10% | 1,547,468 | $793.4M | Reduce -1.8% |
| NOW ServiceNow Inc. | 3.43% | 646,866 | $665.0M | Reduce -10.6% |
| WM Waste Management Inc. | 3.42% | 2,897,636 | $663.0M | Add +55.5% |
| AON Aon PLC Class A | 3.40% | 1,847,140 | $659.0M | Add +16.0% |
| CP Canadian Pacific Kansas City | 3.32% | 8,100,324 | $642.1M | Reduce -3.1% |
| CMG Chipotle Mexican Grill Inc. | 3.08% | 10,632,783 | $597.0M | New |
| CRM Salesforce Inc. | 2.98% | 2,116,254 | $577.1M | Add +30.1% |
| HDB HDFC Bank Ltd.-ADR | 2.92% | 7,366,683 | $564.8M | Reduce -5.6% |
| ARM Arm Holdings PLC-ADR | 2.89% | 3,457,220 | $559.2M | Add +116.8% |
| GOOG Alphabet Inc. Class C | 2.49% | 2,716,918 | $482.0M | Reduce -3.0% |
| DHR Danaher Corp. | 2.49% | 2,438,553 | $481.7M | Reduce -3.4% |
| IT Gartner Inc. | 2.42% | 1,161,513 | $469.5M | Add +71.7% |
| UNH Unitedhealth Group Inc. | 2.24% | 1,392,146 | $434.3M | Reduce -15.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.21% | 6,192,636 | $427.4M | Add +11.7% |
| YUM Yum! Brands Inc. | 2.01% | 2,630,770 | $389.8M | Reduce -25.6% |
| WDAY Workday Inc. Class A | 1.85% | 1,495,322 | $358.9M | Reduce -19.5% |
| ALC Alcon Inc. filed as ALCON AG | 1.60% | 3,516,855 | $310.5M | Add +11.5% |
| MELI MercadoLibre Inc. | 1.57% | 116,106 | $303.5M | Reduce -23.3% |
| STE Steris PLC | 1.55% | 1,249,802 | $300.2M | Reduce -5.0% |
| AAPL Apple Inc. | 1.40% | 1,324,290 | $271.7M | Reduce -44.5% |
| INFY Infosys Ltd.-SP ADR | 1.39% | 14,547,095 | $269.6M | Reduce -2.2% |
| NFLX Netflix Inc. | 1.38% | 198,924 | $266.4M | Reduce -10.4% |
| AXP American Express Co. | 1.34% | 815,459 | $260.1M | Reduce -1.4% |
| COO The Cooper Cos Inc. | 1.24% | 3,385,059 | $240.9M | New |
| ECL Ecolab Inc. | 0.97% | 698,812 | $188.3M | Reduce -1.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.63% | 539,358 | $122.2M | Reduce -2.8% |
| UL Unilever PLC | 0.14% | 440,108 | $26.9M | Add +164.2% |
| FMX Fomento Economico Mex-SP ADR | 0.12% | 234,839 | $24.2M | Reduce -13.2% |
| SAP Sap SE-Sponsored ADR | 0.11% | 68,696 | $20.9M | Add +5.2% |
| WCN Waste Connections Inc. | 0.09% | 90,907 | $17.0M | Reduce -2.1% |
| SHOP Shopify Inc. Class A | 0.08% | 128,662 | $14.8M | Add +11.8% |
| LIN Linde PLC | 0.07% | 29,996 | $14.1M | Reduce -2.2% |
| TEAM Atlassian Corp. Class A | 0.07% | 67,970 | $13.8M | Add +35.3% |
| UNVGY Universal Music Gro-Unsp ADR | 0.06% | 737,214 | $11.9M | Add +16.2% |
| GRAB Grab Holdings Ltd. Class A | 0.05% | 2,103,571 | $10.6M | Add +54.5% |
| BABA Alibaba Group Holding-SP ADR | 0.05% | 92,384 | $10.5M | Add +158.8% |
| TME Tencent Music Entertainm-ADR | 0.05% | 511,933 | $10.0M | Reduce -13.5% |
| XP XP Inc. Class A | 0.05% | 455,107 | $9.2M | Reduce -32.3% |
| AAGIY Aia Group Ltd.-SP ADR | 0.04% | 234,500 | $8.5M | Add +21.6% |
| EXPGY Experian PLC-Spons ADR | 0.04% | 155,671 | $8.0M | No change |
| IWF iShares Russell 1000 Growth | 0.04% | 17,256 | $7.3M | Reduce -7.0% |
| MMYT Makemytrip Ltd. | 0.03% | 55,579 | $5.4M | New |
| GOOGL Alphabet Inc. Class A | 0.01% | 11,021 | $1.9M | Reduce -7.9% |
| ADSK Autodesk Inc. | 0.00% | 1,917 | $593K | Reduce -99.7% |
| MSCI MSCI Inc. | 0.00% | 745 | $430K | Reduce -47.2% |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 881 | $357K | Reduce -99.9% |
| SBUX Starbucks Corp. | 0.00% | 3,272 | $300K | Reduce -99.8% |
| SHW The Sherwin-Williams Co. | 0.00% | 583 | $200K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -15.0% | 2.24% | −2.54 |
| TMO Thermo Fisher Scientific Inc. | Reduce -99.9% | 0.00% | −1.75 |
| AAPL Apple Inc. | Reduce -44.5% | 1.40% | −1.55 |
| ICLR Icon PLC | Sold out | 0.00% | −1.48 |
| V Visa Inc. Class A | Reduce -11.7% | 5.32% | −1.11 |
| YUM Yum! Brands Inc. | Reduce -25.6% | 2.01% | −1.09 |
| ADSK Autodesk Inc. | Reduce -99.7% | 0.00% | −1.06 |
| SBUX Starbucks Corp. | Reduce -99.8% | 0.00% | −1.05 |
| WDAY Workday Inc. Class A | Reduce -19.5% | 1.85% | −0.57 |
| DHR Danaher Corp. | Reduce -3.4% | 2.49% | −0.40 |
| SPGI S&P Global Inc. | Reduce -1.7% | 4.11% | −0.24 |
| INFY Infosys Ltd.-SP ADR | Reduce -2.2% | 1.39% | −0.12 |
| STE Steris PLC | Reduce -5.0% | 1.55% | −0.11 |
| MELI MercadoLibre Inc. | Reduce -23.3% | 1.57% | −0.08 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | Sold out | 0.00% | −0.04 |
| ECL Ecolab Inc. | Reduce -1.5% | 0.97% | −0.03 |
| FMX Fomento Economico Mex-SP ADR | Reduce -13.2% | 0.12% | −0.02 |
| WCN Waste Connections Inc. | Reduce -2.1% | 0.09% | −0.01 |
| LIN Linde PLC | Reduce -2.2% | 0.07% | −0.01 |
| XP XP Inc. Class A | Reduce -32.3% | 0.05% | −0.00 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.00 |
| MSCI MSCI Inc. | Reduce -47.2% | 0.00% | −0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -7.9% | 0.01% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -7.0% | 0.04% | +0.00 |
| TME Tencent Music Entertainm-ADR | Reduce -13.5% | 0.05% | +0.00 |
| HDB HDFC Bank Ltd.-ADR | Reduce -5.6% | 2.92% | +0.02 |
| CP Canadian Pacific Kansas City | Reduce -3.1% | 3.32% | +0.04 |
| GOOG Alphabet Inc. Class C | Reduce -3.0% | 2.49% | +0.05 |
| AXP American Express Co. | Reduce -1.4% | 1.34% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.8% | 0.63% | +0.12 |
| NFLX Netflix Inc. | Reduce -10.4% | 1.38% | +0.22 |
| NOW ServiceNow Inc. | Reduce -10.6% | 3.43% | +0.22 |
| AMZN Amazon.com Inc. | Reduce -2.9% | 7.23% | +0.25 |
| SNPS Synopsys Inc. | Reduce -1.8% | 4.10% | +0.33 |
| INTU Intuit Inc. | Reduce -4.0% | 5.64% | +0.69 |
| MSFT Microsoft Corp. | Reduce -9.7% | 7.18% | +0.70 |
| META Meta Platforms Inc. Class A | Reduce -2.1% | 5.74% | +0.79 |
| NVDA Nvidia Corp. | Reduce -8.4% | 5.33% | +1.02 |
Portfolio Buys Q1 2025 → Q2 2025
| CMG Chipotle Mexican Grill Inc. | New | 3.08% | +3.08 |
| ARM Arm Holdings PLC-ADR | Add +116.8% | 2.89% | +1.94 |
| COO The Cooper Cos Inc. | New | 1.24% | +1.24 |
| WM Waste Management Inc. | Add +55.5% | 3.42% | +1.02 |
| IT Gartner Inc. | Add +71.7% | 2.42% | +0.84 |
| CRM Salesforce Inc. | Add +30.1% | 2.98% | +0.54 |
| UL Unilever PLC | Add +164.2% | 0.14% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +11.7% | 2.21% | +0.06 |
| MMYT Makemytrip Ltd. | New | 0.03% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +158.8% | 0.05% | +0.03 |
| GRAB Grab Holdings Ltd. Class A | Add +54.5% | 0.05% | +0.02 |
| SHOP Shopify Inc. Class A | Add +11.8% | 0.08% | +0.02 |
| UNVGY Universal Music Gro-Unsp ADR | Add +16.2% | 0.06% | +0.01 |
| TEAM Atlassian Corp. Class A | Add +35.3% | 0.07% | +0.01 |
| AAGIY Aia Group Ltd.-SP ADR | Add +21.6% | 0.04% | +0.01 |
| SAP Sap SE-Sponsored ADR | Add +5.2% | 0.11% | +0.01 |
| ALC Alcon Inc. | Add +11.5% | 1.60% | −0.07 |
| AON Aon PLC Class A | Add +16.0% | 3.40% | −0.14 |
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 |