# EDGAR Filing Document

**Accession Number:** 0001290668
**File Stem:** 0001290668-23-000001
**Filing Date:** 2023-1
**Character Count:** 13786
**Document Hash:** 678b4c11123fac0fb70624c4f4a2e4bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001290668-23-000001.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001290668-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**EFFECTIVENESS DATE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sustainable Growth Advisers, LP
- **CENTRAL INDEX KEY:** 0001290668
- **IRS NUMBER:** 050571266
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1204

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11076
- **FILM NUMBER:** 23566318

**BUSINESS ADDRESS:**
- **STREET 1:** 301 TRESSER BLVD.
- **STREET 2:** SUITE 1310
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 203-348-4742

**MAIL ADDRESS:**
- **STREET 1:** 301 TRESSER BLVD.
- **STREET 2:** SUITE 1310
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Sustainable Growth Advisers LP<br>**Address:** 301 TRESSER BLVD.<br>SUITE 1310<br>STAMFORD, CT 06901

**Form 13F File Number:** 028-11076

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** DANIEL CALLAWAY<br>**Title:** CCO<br>**Phone:** 203-348-4742

**Signature, Place, and Date of Signing:**

DANIEL CALLAWAY  STAMFORD, CT  01-30-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 4

**Form 13F Information Table Entry Total:** 103

**Form 13F Information Table Value Total:** $15352693

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                            | Form 13F File Number   |
|:---|:---|:---|
|  | RUSSELL FRANK CO/               | 028-01190              |
|  | ALPS ADVISORS INC               | 028-12230              |
|  | Virtus Fund Advisers LLC        | 028-11308              |
|  | Virtus Investment Advisers Inc. | 028-00085              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AIA Group Ltd-Sp ADR | COM | 001317205 |  | 7782 | 175162 | SH |  | SOLE |  | 175162 | 0 | 0 |
| AIA Group Ltd-Sp ADR | COM | 001317205 |  | 42 | 952 | SH |  | OTR |  | 0 | 0 | 952 |
| Abbott Labs | COM | 002824100 |  | 247 | 2246 | SH |  | SOLE |  | 2246 | 0 | 0 |
| Adobe Systems Inc | COM | 00724F101 |  | 268639 | 798261 | SH |  | SOLE |  | 795600 | 0 | 2661 |
| Adobe Systems Inc | COM | 00724F101 |  | 54766 | 162738 | SH |  | OTR |  | 2661 | 0 | 162738 |
| Alcon Inc | COM | H01301128 |  | 82863 | 1208800 | SH |  | SOLE |  | 1188529 | 0 | 20271 |
| Alcon Inc | COM | H01301128 |  | 65998 | 962773 | SH |  | OTR |  | 20271 | 0 | 962773 |
| Alphabet Inc CL A | COM | 02079K305 |  | 2043 | 23155 | SH |  | SOLE |  | 23155 | 0 | 0 |
| Alphabet Inc CL C | COM | 02079K107 |  | 521604 | 5878553 | SH |  | SOLE |  | 5864562 | 0 | 13991 |
| Alphabet Inc CL C | COM | 02079K107 |  | 75342 | 849112 | SH |  | OTR |  | 13991 | 0 | 849112 |
| Amazon.Com Inc | COM | 023135106 |  | 639776 | 7616386 | SH |  | SOLE |  | 7596585 | 0 | 19801 |
| Amazon.Com Inc | COM | 023135106 |  | 100443 | 1195747 | SH |  | OTR |  | 19801 | 0 | 1195747 |
| American Express Co | COM | 025816109 |  | 251692 | 1703496 | SH |  | SOLE |  | 1703496 | 0 | 0 |
| American Express Co | COM | 025816109 |  | 11769 | 79656 | SH |  | OTR |  | 0 | 0 | 79656 |
| Aon PLC | COM | G0403H108 |  | 325461 | 1084364 | SH |  | SOLE |  | 1081314 | 0 | 3050 |
| Aon PLC | COM | G0403H108 |  | 54800 | 182583 | SH |  | OTR |  | 3050 | 0 | 182583 |
| Apple Inc | COM | 037833100 |  | 2541 | 19556 | SH |  | SOLE |  | 19556 | 0 | 0 |
| Atlassian Corp-A | COM | 049468101 |  | 3347 | 26008 | SH |  | SOLE |  | 26008 | 0 | 0 |
| Atlassian Corp-A | COM | 049468101 |  | 15 | 116 | SH |  | OTR |  | 0 | 0 | 116 |
| Autodesk Inc | COM | 052769106 |  | 468244 | 2505723 | SH |  | SOLE |  | 2499680 | 0 | 6043 |
| Autodesk Inc | COM | 052769106 |  | 73260 | 392035 | SH |  | OTR |  | 6043 | 0 | 392035 |
| Ball Corp | COM | 058498106 |  | 307780 | 6018380 | SH |  | SOLE |  | 6018380 | 0 | 0 |
| Ball Corp | COM | 058498106 |  | 13289 | 259861 | SH |  | OTR |  | 0 | 0 | 259861 |
| Canadian Pacific Railway | COM | 13645T100 |  | 3023 | 40530 | SH |  | SOLE |  | 40530 | 0 | 0 |
| Canadian Pacific Railway | COM | 13645T100 |  | 2 | 32 | SH |  | OTR |  | 0 | 0 | 32 |
| China Mengniu Dairy Co Unspon | COM | 169495108 |  | 7091 | 157363 | SH |  | SOLE |  | 157363 | 0 | 0 |
| Danaher Corp | COM | 235851102 |  | 587567 | 2213725 | SH |  | SOLE |  | 2208909 | 0 | 4816 |
| Danaher Corp | COM | 235851102 |  | 80091 | 301752 | SH |  | OTR |  | 4816 | 0 | 301752 |
| Dassault Systemes Spon ADR | COM | 237545108 |  | 5298 | 148199 | SH |  | SOLE |  | 148199 | 0 | 0 |
| Dassault Systemes Spon ADR | COM | 237545108 |  | 4 | 109 | SH |  | OTR |  | 0 | 0 | 109 |
| Dollar General | COM | 256677105 |  | 210726 | 855739 | SH |  | SOLE |  | 855739 | 0 | 0 |
| Dollar General | COM | 256677105 |  | 9179 | 37277 | SH |  | OTR |  | 0 | 0 | 37277 |
| Ecolab Inc | COM | 278865100 |  | 348622 | 2395043 | SH |  | SOLE |  | 2395043 | 0 | 0 |
| Ecolab Inc | COM | 278865100 |  | 14771 | 101476 | SH |  | OTR |  | 0 | 0 | 101476 |
| Equinix Inc | COM | 29444U700 |  | 383115 | 584882 | SH |  | SOLE |  | 583077 | 0 | 1805 |
| Equinix Inc | COM | 29444U700 |  | 72230 | 110269 | SH |  | OTR |  | 1805 | 0 | 110269 |
| Fleetcor Technologies Inc | COM | 339041105 |  | 400221 | 2178905 | SH |  | SOLE |  | 2172965 | 0 | 5940 |
| Fleetcor Technologies Inc | COM | 339041105 |  | 62167 | 338454 | SH |  | OTR |  | 5940 | 0 | 338454 |
| Fomento Economico Mexicano-Sp | COM | 344419106 |  | 4446 | 56918 | SH |  | SOLE |  | 56918 | 0 | 0 |
| Fomento Economico Mexicano-Sp | COM | 344419106 |  | 4 | 49 | SH |  | OTR |  | 0 | 0 | 49 |
| HDFC Bank Ltd-ADR | COM | 40415F101 |  | 183177 | 2677632 | SH |  | SOLE |  | 2648165 | 0 | 29467 |
| HDFC Bank Ltd-ADR | COM | 40415F101 |  | 97624 | 1427045 | SH |  | OTR |  | 29467 | 0 | 1427045 |
| Haleon PLC - ADR | COM | 405552100 |  | 149 | 18569 | SH |  | SOLE |  | 18569 | 0 | 0 |
| Heineken NV-Sponsored ADR | COM | 423012301 |  | 8665 | 184288 | SH |  | SOLE |  | 184288 | 0 | 0 |
| Heineken NV-Sponsored ADR | COM | 423012301 |  | 5 | 113 | SH |  | OTR |  | 0 | 0 | 113 |
| IQVIA Holdings | COM | 46266c105 |  | 297904 | 1453972 | SH |  | SOLE |  | 1453972 | 0 | 0 |
| IQVIA Holdings | COM | 46266c105 |  | 12901 | 62966 | SH |  | OTR |  | 0 | 0 | 62966 |
| Icon PLC | COM | G4705A100 |  | 143546 | 738973 | SH |  | SOLE |  | 732651 | 0 | 6322 |
| Icon PLC | COM | G4705A100 |  | 63681 | 327830 | SH |  | OTR |  | 6322 | 0 | 327830 |
| Infosys Ltd-Sp ADR | COM | 456788108 |  | 82529 | 4582401 | SH |  | SOLE |  | 4503519 | 0 | 78882 |
| Infosys Ltd-Sp ADR | COM | 456788108 |  | 67091 | 3725235 | SH |  | OTR |  | 78882 | 0 | 3725235 |
| Intuit Inc | COM | 461202103 |  | 558503 | 1434930 | SH |  | SOLE |  | 1431781 | 0 | 3149 |
| Intuit Inc | COM | 461202103 |  | 76317 | 196078 | SH |  | OTR |  | 3149 | 0 | 196078 |
| Intuitive Surgical Inc | COM | 46120e602 |  | 402545 | 1517035 | SH |  | SOLE |  | 1511638 | 0 | 5397 |
| Intuitive Surgical Inc | COM | 46120e602 |  | 80528 | 303480 | SH |  | OTR |  | 5397 | 0 | 303480 |
| Linde PLC | COM | G5494J103 |  | 62799 | 192530 | SH |  | SOLE |  | 189847 | 0 | 2683 |
| Linde PLC | COM | G5494J103 |  | 46441 | 142378 | SH |  | OTR |  | 2683 | 0 | 142378 |
| MSCI Inc. | COM | 55354G100 |  | 494959 | 1064039 | SH |  | SOLE |  | 1060998 | 0 | 3041 |
| MSCI Inc. | COM | 55354G100 |  | 86916 | 186848 | SH |  | OTR |  | 3041 | 0 | 186848 |
| Match Group Inc. | COM | 57667l107 |  | 194418 | 4685911 | SH |  | SOLE |  | 4685911 | 0 | 0 |
| Match Group Inc. | COM | 57667l107 |  | 6559 | 158087 | SH |  | OTR |  | 0 | 0 | 158087 |
| Medtronic PLC | COM | G5960L103 |  | 62847 | 808638 | SH |  | SOLE |  | 792513 | 0 | 16125 |
| Medtronic PLC | COM | G5960L103 |  | 52492 | 675400 | SH |  | OTR |  | 16125 | 0 | 675400 |
| MercadoLibre Inc | COM | 58733R102 |  | 127407 | 150557 | SH |  | SOLE |  | 149402 | 0 | 1155 |
| MercadoLibre Inc | COM | 58733R102 |  | 51796 | 61207 | SH |  | OTR |  | 1155 | 0 | 61207 |
| Microsoft Corp. | COM | 594918104 |  | 763213 | 3182439 | SH |  | SOLE |  | 3174174 | 0 | 8265 |
| Microsoft Corp. | COM | 594918104 |  | 117911 | 491665 | SH |  | OTR |  | 8265 | 0 | 491665 |
| Nestle SA-Spons ADR | COM | 641069406 |  | 6172 | 53513 | SH |  | SOLE |  | 53513 | 0 | 0 |
| Nestle SA-Spons ADR | COM | 641069406 |  | 4 | 36 | SH |  | OTR |  | 0 | 0 | 36 |
| Netflix Inc | COM | 64110l106 |  | 308080 | 1044764 | SH |  | SOLE |  | 1044764 | 0 | 0 |
| Netflix Inc | COM | 64110l106 |  | 13460 | 45647 | SH |  | OTR |  | 0 | 0 | 45647 |
| Novo-Nordisk A/S-Spons ADR | COM | 670100205 |  | 13983 | 103314 | SH |  | SOLE |  | 103314 | 0 | 0 |
| Novo-Nordisk A/S-Spons ADR | COM | 670100205 |  | 6 | 42 | SH |  | OTR |  | 0 | 0 | 42 |
| Recruit Holdings Co ADR | COM | 75629J101 |  | 5509 | 890008 | SH |  | SOLE |  | 890008 | 0 | 0 |
| Recruit Holdings Co ADR | COM | 75629J101 |  | 22 | 3509 | SH |  | OTR |  | 0 | 0 | 3509 |
| Regeneron Pharmaceuticals Inc | COM | 75886f107 |  | 298718 | 414029 | SH |  | SOLE |  | 414029 | 0 | 0 |
| Regeneron Pharmaceuticals Inc | COM | 75886f107 |  | 13296 | 18428 | SH |  | OTR |  | 0 | 0 | 18428 |
| S Global Inc | COM | 78409V104 |  | 490340 | 1463964 | SH |  | SOLE |  | 1459889 | 0 | 4075 |
| S Global Inc | COM | 78409V104 |  | 78658 | 234841 | SH |  | OTR |  | 4075 | 0 | 234841 |
| SAP SE-Sponsored ADR | COM | 803054204 |  | 50571 | 490078 | SH |  | SOLE |  | 481963 | 0 | 8115 |
| SAP SE-Sponsored ADR | COM | 803054204 |  | 41097 | 398261 | SH |  | OTR |  | 8115 | 0 | 398261 |
| Salesforce Inc | COM | 79466L302 |  | 450616 | 3398564 | SH |  | SOLE |  | 3388584 | 0 | 9980 |
| Salesforce Inc | COM | 79466L302 |  | 77039 | 581034 | SH |  | OTR |  | 9980 | 0 | 581034 |
| Sherwin-Williams Co | COM | 824348106 |  | 299400 | 1261536 | SH |  | SOLE |  | 1261536 | 0 | 0 |
| Sherwin-Williams Co | COM | 824348106 |  | 11883 | 50068 | SH |  | OTR |  | 0 | 0 | 50068 |
| Starbucks Corp | COM | 855244109 |  | 257016 | 2590884 | SH |  | SOLE |  | 2590884 | 0 | 0 |
| Starbucks Corp | COM | 855244109 |  | 11230 | 113207 | SH |  | OTR |  | 0 | 0 | 113207 |
| Steris PLC | COM | G8473T100 |  | 86240 | 466944 | SH |  | SOLE |  | 459063 | 0 | 7881 |
| Steris PLC | COM | G8473T100 |  | 64512 | 349300 | SH |  | OTR |  | 7881 | 0 | 349300 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 375801 | 682418 | SH |  | SOLE |  | 682418 | 0 | 0 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 16236 | 29483 | SH |  | OTR |  | 0 | 0 | 29483 |
| UnitedHealth Group Inc | COM | 91324p102 |  | 466906 | 880656 | SH |  | SOLE |  | 880656 | 0 | 0 |
| UnitedHealth Group Inc | COM | 91324p102 |  | 20726 | 39093 | SH |  | OTR |  | 0 | 0 | 39093 |
| Visa Inc | COM | 92826C839 |  | 712974 | 3431717 | SH |  | SOLE |  | 3422096 | 0 | 9621 |
| Visa Inc | COM | 92826C839 |  | 115568 | 556257 | SH |  | OTR |  | 9621 | 0 | 556257 |
| Workday Inc Class A | COM | 98138H101 |  | 577279 | 3449944 | SH |  | SOLE |  | 3439801 | 0 | 10143 |
| Workday Inc Class A | COM | 98138H101 |  | 93884 | 561070 | SH |  | OTR |  | 10143 | 0 | 561070 |
| XP Inc | COM | G98239109 |  | 51330 | 3346177 | SH |  | SOLE |  | 3293379 | 0 | 52798 |
| XP Inc | COM | G98239109 |  | 41542 | 2708075 | SH |  | OTR |  | 52798 | 0 | 2708075 |
| Yum! Brands Inc | COM | 988498101 |  | 543848 | 4246157 | SH |  | SOLE |  | 4235307 | 0 | 10850 |
| Yum! Brands Inc | COM | 988498101 |  | 84639 | 660832 | SH |  | OTR |  | 10850 | 0 | 660832 |
| iShares Core S 500 ETF | COM | 464287200 |  | 566 | 1474 | SH |  | SOLE |  | 1474 | 0 | 0 |
| iShares Russell 1000 Growth | COM | 464287614 |  | 10319 | 48164 | SH |  | SOLE |  | 48164 | 0 | 0 |

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