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Sustainable Growth Advisers

Jun 2026 · 4 funds

Our archive holds 4 letters from Sustainable Growth Advisers, behind 11 investment theses and positions in 49 companies. Every quote below is copied verbatim from the letter it came from.

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4
Letters
49
Companies
38
Moves
11
Theses

4 strategies

Sustainable Growth Advisers publishes a letter per strategy. Each one has its own page — what it holds, what it bought, what it wrote.

What they bought and sold · 38 moves

  • TrimmedFast Retailing
    June 2026
    “Positions in Amazon, Arm Holdings, Fast Retailing, and Nvidia were trimmed on strength.”
    Read the letter
  • AddedSanlam Limited
    June 2026
    “We continued to build our position in Apollo Hospitals and added to positions in Sanlam, TSMC, and Yum China on weakness.”
    Read the letter
  • AddedNvidia
    June 2026
    “Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
    Read the letter
  • ExitedAlcon
    June 2026
    “positions in Universal Music Group, Alcon, and Intuit were exited.”
    Read the letter
  • ExitedIntuit
    June 2026
    “We exited the position and reallocated the capital to other higher confidence opportunities in the portfolio.”
    Read the letter
  • AddedYum China Holdings
    June 2026
    “We added to the position on weakness, maintaining a below-average weight.”
    Read the letter
  • AddedNetflix
    June 2026
    “We added to the position on weakness during the quarter, raising the target to an average weight.”
    Read the letter
  • AddedYum! Brands
    June 2026
    “Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
    Read the letter
  • AddedApollo Hospitals Enterprise
    June 2026
    “We continued to build our position in Apollo Hospitals and added to positions in Sanlam, TSMC, and Yum China on weakness.”
    Read the letter
  • TrimmedArm Holdings
    June 2026
    “Positions in Amazon, Arm Holdings, Fast Retailing, and Nvidia were trimmed on strength.”
    Read the letter
  • New positionDisco Corporation
    June 2026
    “New positions in Nu Bank and Disco were initiated; positions in Tencent Music, MakeMyTrip, Bank of Central Asia, and Tata Consultancy Services were sold due to forced attrition.”
    Read the letter
  • ExitedWal-Mart de Mexico
    June 2026
    “Wal-Mart de Mexico, leading food and general merchandise retailer in Mexico and Central America, was liquidated during the quarter.”
    Read the letter
  • TrimmedAlibaba
    June 2026
    “Our position in CPKC was trimmed given headline risk from USMCA negotiations and Alibaba was trimmed due to government cloud competition concerns.”
    Read the letter
  • AddedEcolab
    June 2026
    “Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
    Read the letter
  • AddedMicrosoft
    June 2026
    “Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
    Read the letter
  • New positionGalderma
    June 2026
    “New positions in Linde, Equinix, Schneider Electric, Arista Networks, Galderma, and Disco were initiated; positions in Universal Music Group, Alcon, and Intuit were exited.”
    Read the letter
  • AddedServiceNow
    June 2026
    “Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
    Read the letter
  • ExitedBank of Central Asia
    June 2026
    “Given sovereign risk concerns and a more compelling opportunity available in Disco, the leading provider of cutting, grinding, and thinning equipment used in semiconductor manufacturing, the position was exited.”
    Read the letter
  • New positionSchneider Electric
    June 2026
    “New positions in Linde, Equinix, Schneider Electric, Arista Networks, Galderma, and Disco were initiated; positions in Universal Music Group, Alcon, and Intuit were exited.”
    Read the letter
  • New positionEquinix
    June 2026
    “A position in Equinix, a leading global data center provider, was initiated during the quarter.”
    Read the letter
  • TrimmedNvidia
    June 2026
    “Positions in Amazon, Arm Holdings, Fast Retailing, and Nvidia were trimmed on strength.”
    Read the letter
  • AddedApple
    June 2026
    “Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
    Read the letter
  • New positionArista Networks
    June 2026
    “New positions in Linde, Equinix, Schneider Electric, Arista Networks, Galderma, and Disco were initiated; positions in Universal Music Group, Alcon, and Intuit were exited.”
    Read the letter
  • ExitedTencent Music Entertainment Group
    June 2026
    “Tencent Music Entertainment (TME), a leading Chinese music streaming company, was liquidated during the quarter.”
    Read the letter
  • New positionLinde
    June 2026
    “New positions in Linde, Equinix, Schneider Electric, Arista Networks, Galderma, and Disco were initiated; positions in Universal Music Group, Alcon, and Intuit were exited.”
    Read the letter
  • AddedAIA Group
    June 2026
    “We added to the position on weakness, maintaining an above-average weight.”
    Read the letter
  • ExitedAon
    June 2026
    “we exited the position and reallocated the funds to a more attractive long-term growth opportunity in Arista Networks.”
    Read the letter
  • AddedWaste Management
    June 2026
    “We added to the position on weakness during the quarter, raising the target to an average weight.”
    Read the letter
  • TrimmedAmazon
    June 2026
    “Positions in Amazon, Arm Holdings, Fast Retailing, and Nvidia were trimmed on strength.”
    Read the letter
  • TrimmedBroadcom
    June 2026
    “Positions in Arm Holdings, Amazon, Broadcom, and Grainger were trimmed on strength while we trimmed our position in CPKC given headline risk from USMCA negotiations.”
    Read the letter

Showing the 30 most recent of 38 recorded moves.

Companies held · 49

Every company Sustainable Growth Advisers has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 11

  • Nu Holdings
    June 2026

    Nu Holdings is a digital banking platform with structurally lower costs, strong customer engagement, and a long runway for market share gains and growth.

    Read the full thesis
  • Disco
    June 2026

    Disco is a dominant semiconductor equipment provider with recurring consumables revenue, strong pricing power, and exposure to AI-driven packaging complexity.

    Read the full thesis
  • Taiwan Semiconductor Manufacturing Company
    June 2026

    TSMC is the leading foundry with technology leadership, scale, and secular demand from AI and advanced computing.

    Read the full thesis
  • Schneider Electric
    June 2026

    Schneider Electric is a global leader in energy management and industrial automation, with recurring revenues, switching costs, and strong AI data center and electrification tailwinds.

    Read the full thesis
  • Linde
    June 2026

    Linde is a durable industrial gas compounder with recurring contracts, pricing power, and structural growth tailwinds across key end markets.

    Read the full thesis
  • Equinix
    June 2026

    Equinix is a recurring-revenue data center compounder with network effects, pricing power, and AI-driven secular growth.

    Read the full thesis
  • Arista Networks
    June 2026

    Arista Networks is a high-margin networking compounder with sticky hyperscaler relationships and durable AI/cloud networking demand.

    Read the full thesis
  • Galderma
    June 2026

    Galderma is a dermatology platform with recurring consumable revenue, pricing power, and multiple growth drivers in aesthetics and therapeutics.

    Read the full thesis
  • Arm Holdings
    June 2026

    Arm Holdings is a recurring royalty compounder with pricing power and AI-driven CPU adoption across data centers and devices.

    Read the full thesis
  • Alphabet
    June 2026

    Alphabet is a high-quality AI beneficiary with network effects, recurring revenues, and long-term digital advertising and cloud growth.

    Read the full thesis
  • Nvidia
    June 2026

    Nvidia benefits from massive long-term AI spending, technological advantages, and expanding opportunities in networking and CPUs.

    Read the full thesis

Letter archive · 4

2026

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