Sustainable Growth Advisers, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Sustainable Growth Advisers, LP reported 59 stock positions worth $17.1 billion. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Nvidia (NVDA, 7.0%) and Amazon.com (AMZN, 7.0%). Compared with Q2 2025, it opened 4 new positions, added to 13 and reduced 39. The biggest buy was a new position in WW Grainger (GWW) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001290668
- Portfolio Value
- $17.1B (Q3 2025)
- SEC Filing
- 0001290668-25-000009 ↗ filed Nov 14, 2025
Holdings Value
Holdings 59 stocks · $17.1B
| MSFT Microsoft Corp. | 7.76% | 2,558,799 | $1.3B | Reduce -8.5% |
| NVDA Nvidia Corp. | 7.00% | 6,410,603 | $1.2B | Reduce -1.9% |
| AMZN Amazon.com Inc. | 6.97% | 5,424,707 | $1.2B | Reduce -15.0% |
| V Visa Inc. Class A | 5.15% | 2,575,245 | $879.1M | Reduce -11.3% |
| INTU Intuit Inc. | 4.99% | 1,247,693 | $852.1M | Reduce -10.0% |
| META Meta Platforms Inc. Class A | 4.55% | 1,058,562 | $777.4M | Reduce -29.7% |
| WM Waste Management Inc. | 4.22% | 3,262,148 | $720.4M | Add +12.6% |
| SNPS Synopsys Inc. | 3.88% | 1,343,916 | $663.1M | Reduce -13.2% |
| SPGI S&P Global Inc. | 3.69% | 1,293,570 | $629.6M | Reduce -14.3% |
| GOOG Alphabet Inc. Class C | 3.47% | 2,433,722 | $592.7M | Reduce -10.4% |
| NOW ServiceNow Inc. | 3.38% | 627,543 | $577.5M | Reduce -3.0% |
| CP Canadian Pacific Kansas City | 3.33% | 7,640,406 | $569.1M | Reduce -5.7% |
| UNH Unitedhealth Group Inc. | 3.32% | 1,640,012 | $566.3M | Add +17.8% |
| CMG Chipotle Mexican Grill Inc. | 2.87% | 12,495,638 | $489.7M | Add +17.5% |
| CRM Salesforce Inc. | 2.82% | 2,034,371 | $482.1M | Reduce -3.9% |
| AON Aon PLC Class A | 2.75% | 1,317,364 | $469.7M | Reduce -28.7% |
| YUM Yum! Brands Inc. | 2.43% | 2,735,106 | $415.7M | Add +4.0% |
| ARM Arm Holdings PLC-ADR | 2.39% | 2,881,709 | $407.7M | Reduce -16.6% |
| IT Gartner Inc. | 2.26% | 1,466,771 | $385.6M | Add +26.3% |
| DHR Danaher Corp. | 2.23% | 1,917,941 | $380.3M | Reduce -21.4% |
| HDB HDFC Bank Ltd.-ADR | 2.18% | 10,914,957 | $372.9M | Reduce -25.9% |
| AAPL Apple Inc. | 1.96% | 1,317,612 | $335.5M | Reduce -0.5% |
| COO The Cooper Cos Inc. | 1.66% | 4,132,535 | $283.3M | Add +22.1% |
| AXP American Express Co. | 1.57% | 809,027 | $268.7M | Reduce -0.8% |
| STE Steris PLC | 1.54% | 1,065,658 | $263.7M | Reduce -14.7% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.40% | 251,424 | $239.6M | New |
| ALC Alcon Inc. filed as ALCON AG | 1.40% | 3,214,309 | $239.5M | Reduce -8.6% |
| SAP Sap SE-Sponsored ADR | 1.32% | 842,416 | $225.1M | Add +1126.3% |
| MELI MercadoLibre Inc. | 1.27% | 93,162 | $217.7M | Reduce -19.8% |
| ECL Ecolab Inc. | 1.12% | 696,005 | $190.6M | Reduce -0.4% |
| NKE Nike Inc. Class B | 1.11% | 2,727,405 | $190.2M | New |
| NFLX Netflix Inc. | 1.10% | 156,896 | $188.1M | Reduce -21.1% |
| INFY Infosys Ltd.-SP ADR | 1.04% | 10,889,185 | $177.2M | Reduce -25.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.46% | 281,554 | $78.6M | Reduce -47.8% |
| BABA Alibaba Group Holding-SP ADR | 0.29% | 277,817 | $49.7M | Add +200.7% |
| UL Unilever PLC | 0.15% | 443,906 | $26.3M | Add +0.9% |
| FMX Fomento Economico Mex-SP ADR | 0.12% | 201,280 | $19.9M | Reduce -14.3% |
| WCN Waste Connections Inc. | 0.09% | 86,286 | $15.2M | Reduce -5.1% |
| SHOP Shopify Inc. Class A | 0.08% | 90,842 | $13.5M | Reduce -29.4% |
| LIN Linde PLC | 0.08% | 27,913 | $13.3M | Reduce -6.9% |
| TEAM Atlassian Corp. Class A | 0.07% | 76,025 | $12.1M | Add +11.8% |
| GRAB Grab Holdings Ltd. Class A | 0.07% | 2,008,027 | $12.1M | Reduce -4.5% |
| UNVGY Universal Music Gro-Unsp ADR | 0.06% | 721,262 | $10.4M | Reduce -2.2% |
| XP XP Inc. Class A | 0.06% | 535,016 | $10.1M | Add +17.6% |
| WDAY Workday Inc. Class A | 0.05% | 38,011 | $9.2M | Reduce -97.5% |
| TME Tencent Music Entertainm-ADR | 0.05% | 374,798 | $8.7M | Reduce -26.8% |
| EXPGY Experian PLC-Spons ADR | 0.04% | 152,154 | $7.6M | Reduce -2.3% |
| AAGIY Aia Group Ltd.-SP ADR | 0.04% | 165,113 | $6.3M | Reduce -29.6% |
| ADYEY Adyen NV-Unspon ADR | 0.04% | 383,022 | $6.1M | New |
| FRCOY Fast Retailing Co.-Unspon ADR | 0.03% | 192,093 | $5.8M | New |
| MMYT Makemytrip Ltd. | 0.03% | 60,154 | $5.6M | Add +8.2% |
| GOOGL Alphabet Inc. Class A | 0.02% | 10,582 | $2.6M | Reduce -4.0% |
| IWF iShares Russell 1000 Growth | 0.01% | 2,974 | $1.4M | Reduce -82.8% |
| ADSK Autodesk Inc. | 0.00% | 1,806 | $574K | Reduce -5.8% |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 883 | $428K | Add +0.2% |
| MSCI MSCI Inc. | 0.00% | 745 | $423K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.00% | 5,573 | $309K | Reduce -99.9% |
| SBUX Starbucks Corp. | 0.00% | 3,272 | $277K | No change |
| SHW The Sherwin-Williams Co. | 0.00% | 583 | $202K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -99.9% | 0.00% | −2.20 |
| WDAY Workday Inc. Class A | Reduce -97.5% | 0.05% | −1.80 |
| META Meta Platforms Inc. Class A | Reduce -29.7% | 4.55% | −1.19 |
| HDB HDFC Bank Ltd.-ADR | Reduce -25.9% | 2.18% | −0.73 |
| AON Aon PLC Class A | Reduce -28.7% | 2.75% | −0.65 |
| INTU Intuit Inc. | Reduce -10.0% | 4.99% | −0.65 |
| ARM Arm Holdings PLC-ADR | Reduce -16.6% | 2.39% | −0.50 |
| SPGI S&P Global Inc. | Reduce -14.3% | 3.69% | −0.42 |
| INFY Infosys Ltd.-SP ADR | Reduce -25.1% | 1.04% | −0.35 |
| MELI MercadoLibre Inc. | Reduce -19.8% | 1.27% | −0.29 |
| NFLX Netflix Inc. | Reduce -21.1% | 1.10% | −0.27 |
| DHR Danaher Corp. | Reduce -21.4% | 2.23% | −0.26 |
| AMZN Amazon.com Inc. | Reduce -15.0% | 6.97% | −0.25 |
| SNPS Synopsys Inc. | Reduce -13.2% | 3.88% | −0.21 |
| ALC Alcon Inc. | Reduce -8.6% | 1.40% | −0.20 |
| V Visa Inc. Class A | Reduce -11.3% | 5.15% | −0.18 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -47.8% | 0.46% | −0.17 |
| CRM Salesforce Inc. | Reduce -3.9% | 2.82% | −0.16 |
| NOW ServiceNow Inc. | Reduce -3.0% | 3.38% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -82.8% | 0.01% | −0.03 |
| FMX Fomento Economico Mex-SP ADR | Reduce -14.3% | 0.12% | −0.01 |
| AAGIY Aia Group Ltd.-SP ADR | Reduce -29.6% | 0.04% | −0.01 |
| STE Steris PLC | Reduce -14.7% | 1.54% | −0.01 |
| UNVGY Universal Music Gro-Unsp ADR | Reduce -2.2% | 0.06% | −0.00 |
| TME Tencent Music Entertainm-ADR | Reduce -26.8% | 0.05% | −0.00 |
| ADSK Autodesk Inc. | Reduce -5.8% | 0.00% | +0.00 |
| WCN Waste Connections Inc. | Reduce -5.1% | 0.09% | +0.00 |
| SHOP Shopify Inc. Class A | Reduce -29.4% | 0.08% | +0.00 |
| EXPGY Experian PLC-Spons ADR | Reduce -2.3% | 0.04% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 0.02% | +0.01 |
| LIN Linde PLC | Reduce -6.9% | 0.08% | +0.01 |
| GRAB Grab Holdings Ltd. Class A | Reduce -4.5% | 0.07% | +0.02 |
| CP Canadian Pacific Kansas City | Reduce -5.7% | 3.33% | +0.02 |
| ECL Ecolab Inc. | Reduce -0.4% | 1.12% | +0.14 |
| AXP American Express Co. | Reduce -0.8% | 1.57% | +0.23 |
| AAPL Apple Inc. | Reduce -0.5% | 1.96% | +0.56 |
| MSFT Microsoft Corp. | Reduce -8.5% | 7.76% | +0.58 |
| GOOG Alphabet Inc. Class C | Reduce -10.4% | 3.47% | +0.98 |
| NVDA Nvidia Corp. | Reduce -1.9% | 7.00% | +1.67 |
Portfolio Buys Q2 2025 → Q3 2025
| GWW WW Grainger Inc. | New | 1.40% | +1.40 |
| SAP Sap SE-Sponsored ADR | Add +1126.3% | 1.32% | +1.21 |
| NKE Nike Inc. Class B | New | 1.11% | +1.11 |
| UNH Unitedhealth Group Inc. | Add +17.8% | 3.32% | +1.07 |
| WM Waste Management Inc. | Add +12.6% | 4.22% | +0.79 |
| YUM Yum! Brands Inc. | Add +4.0% | 2.43% | +0.42 |
| COO The Cooper Cos Inc. | Add +22.1% | 1.66% | +0.42 |
| BABA Alibaba Group Holding-SP ADR | Add +200.7% | 0.29% | +0.24 |
| ADYEY Adyen NV-Unspon ADR | New | 0.04% | +0.04 |
| FRCOY Fast Retailing Co.-Unspon ADR | New | 0.03% | +0.03 |
| UL Unilever PLC | Add +0.9% | 0.15% | +0.02 |
| XP XP Inc. Class A | Add +17.6% | 0.06% | +0.01 |
| MMYT Makemytrip Ltd. | Add +8.2% | 0.03% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +0.2% | 0.00% | +0.00 |
| TEAM Atlassian Corp. Class A | Add +11.8% | 0.07% | −0.00 |
| IT Gartner Inc. | Add +26.3% | 2.26% | −0.17 |
| CMG Chipotle Mexican Grill Inc. | Add +17.5% | 2.87% | −0.22 |
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 |