1y return−7.9%S&P 500 +20.9%
3y return+22.7%S&P 500 +68.5%
5y return+7.4%S&P 500 +74.5%
10y return+185.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $286 against $357 in the S&P 500.2
Sustainable Growth Advisers, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corp | $944.5M | 9.3% | −2.7% |
| GOOGAlphabet Inc CL C | $752.5M | 7.4% | +12.5% |
| MSFTMicrosoft Corp. | $561.4M | 5.5% | −4.1% |
| AMZNAmazon.com Inc | $543.7M | 5.3% | −30.3% |
| AAPLApple Inc | $505.6M | 5.0% | +14.5% |
| VVisa Inc | $495.0M | 4.9% | −17.6% |
| AVGOBroadcom Inc | $481.8M | 4.7% | −12.8% |
| WMWaste Management Inc | $459.5M | 4.5% | +2.0% |
| YUMYum! Brands Inc | $399.3M | 3.9% | +10.5% |
| EQIXEquinix Inc | $361.6M | 3.5% | New |
| SNPSSynopsys Inc | $360.1M | 3.5% | −10.4% |
| METAMeta Platforms Inc | $344.7M | 3.4% | −12.2% |
| AXPAmerican Express Co | $334.0M | 3.3% | −12.0% |
| NFLXNetflix Inc | $290.1M | 2.8% | +19.1% |
| DHRDanaher Corp | $282.9M | 2.8% | −9.2% |
| CPCanadian Pacific Kansas City L | $281.4M | 2.8% | −37.7% |
| SPGIS&P Global Inc | $270.1M | 2.7% | −12.4% |
| GWWWW Grainger Inc | $266.7M | 2.6% | −7.1% |
| ECLEcolab Inc | $258.5M | 2.5% | +9.5% |
| CRMSalesforce Inc | $235.7M | 2.3% | −13.5% |
| CMGChipotle Mexican Grill Inc | $233.6M | 2.3% | −12.1% |
| MAMasterCard Inc | $195.1M | 1.9% | |
| ANETArista Network | $154.4M | 1.5% | New |
| COOCooper Companies Inc/ The | $139.7M | 1.4% | −5.2% |
| ARMArm Holdings Inc - ADR | $136.9M | 1.3% | −80.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGAlphabet Inc CL C | June 30, 2020 | +399.9% | $752.5M |
| NVDANvidia Corp | June 30, 2023 | +373.0% | $944.5M |
| TSMTaiwan Semiconductor Mfg ADR | March 31, 2024 | +251.0% | $43.2M |
| ARMArm Holdings Inc - ADR | March 31, 2025 | +232.0% | $136.9M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $505.6M |
| AXPAmerican Express Co | December 31, 2020 | +179.7% | $334.0M |
| YUMYum! Brands Inc | June 30, 2020 | +84.0% | $399.3M |
| MSFTMicrosoft Corp. | June 30, 2020 | +83.3% | $561.4M |
| VVisa Inc | June 30, 2020 | +77.6% | $495.0M |
| AMZNAmazon.com Inc | June 30, 2020 | +72.8% | $543.7M |
Sold off last quarter
- INTUIntuit Inc was $274.9M
- TMETencent Music Entertainment - was $4.7M
- MakeMyTrip LtdCUSIP V5633W109 was $4.6M
- UNVGYUniversal Music Group Unsp Adr was $3.3M
- AAGIYAIA Group Ltd-Sp ADR was $3.2M
- EXPGYExperian PLC ADR was $2.5M
- FRCOYFast Retailing Co-Unspon ADR was $2.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.5% | +14.8% |
| March 31, 2026 | −12.4% | −4.6% |
| December 31, 2025 | −0.1% | +2.4% |
| September 30, 2025 | −3.1% | +7.8% |
| June 30, 2025 | +9.9% | +10.5% |
| March 31, 2025 | −4.2% | −4.6% |
| December 31, 2024 | +0.9% | +2.1% |
| September 30, 2024 | +5.9% | +5.4% |
| June 30, 2024 | −0.8% | +4.0% |
| March 31, 2024 | +9.0% | +10.0% |
| December 31, 2023 | +13.0% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +8.4% | +8.3% |
| March 31, 2023 | +10.7% | +7.0% |
| December 31, 2022 | +6.0% | +7.1% |
| September 30, 2022 | −5.0% | −5.3% |
| June 30, 2022 | −21.5% | −16.5% |
| March 31, 2022 | −10.7% | −4.9% |
| December 31, 2021 | +2.8% | +10.7% |
| September 30, 2021 | +0.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Sustainable Growth Advisers, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1290668&type=13F-HR&dateb=&owner=include&count=40CIK 1290668
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1290668/000129066826000003/Filed August 10, 2026 · accession 0001290668-26-000003