UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2025
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
Address:
301 TRESSER BLVD.
SUITE 1310
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
Title:
CCO
Phone:
203-348-4742


Signature, Place, and Date of Signing:

DANIEL CALLAWAY
                         [Signature]
STAMFORD, CONNECTICUT
                 [City, State]
05-06-2025
                           [Date]
                          

Report Type (Check only one.):

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

☐ 13F NOTICE. (Check here if no holdings reported are 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:
100
Form 13F Information table Value Total:
17928284678
          (thousands)

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.Form 13F File NumberNameCIK
1
028-01190
RUSSELL FRANK CO/
0000721204
2
028-12230
ALPS ADVISORS INC
0001376113
3
028-11308
VIRTUS CAPITAL ADVISERS, LLC
0001319111
4
028-00085
Virtus Investment Advisers, LLC
0000019481


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AIA Group Ltd-Sp ADRCOM0013172055,802,767191,827SHSOLE191,827 0 0
AIA Group Ltd-Sp ADRCOM00131720532,3071,068SHOTR 0 0 1,068
Alcon IncCOMH01301128106,768,9101,124,712SHSOLE1,113,187 0 11,525
Alcon IncCOMH01301128192,619,9002,029,073SHOTR11,525 0 2,029,073
Alibaba Group Holding-Sp ADRCOM01609W1022,576,10519,482SHSOLE19,482 0 0
Alibaba Group Holding-Sp ADRCOM01609W1022,143,44816,210SHOTR 0 0 16,210
Alphabet Inc CL ACOM02079K3051,851,19511,971SHSOLE11,971 0 0
Alphabet Inc CL CCOM02079K107284,569,1951,821,476SHSOLE1,816,375 0 5,101
Alphabet Inc CL CCOM02079K107153,095,714979,938SHOTR5,101 0 979,938
Amazon.com IncCOM023135106858,190,3714,510,619SHSOLE4,499,769 0 10,850
Amazon.com IncCOM023135106392,546,1442,063,209SHOTR10,850 0 2,063,209
American Express CoCOM025816109212,576,943790,102SHSOLE790,102 0 0
American Express CoCOM02581610910,060,31837,392SHOTR 0 0 37,392
Aon PLCCOMG0403H108461,882,4221,157,339SHSOLE1,155,200 0 2,139
Aon PLCCOMG0403H108173,852,783435,623SHOTR2,139 0 435,623
Apple IncCOM037833100354,148,3011,594,329SHSOLE1,590,330 0 3,999
Apple IncCOM037833100175,705,052791,001SHOTR3,999 0 791,001
Arm Holdings Inc - ADRCOM04206820556,348,918527,661SHSOLE521,592 0 6,069
Arm Holdings Inc - ADRCOM042068205113,937,7751,066,933SHOTR6,069 0 1,066,933
Atlassian Corp-ACOM04946810110,639,14850,135SHSOLE50,135 0 0
Atlassian Corp-ACOM04946810118,67488SHOTR 0 0 88
Autodesk IncCOM052769106183,116,272699,451SHSOLE699,451 0 0
Autodesk IncCOM0527691068,154,02331,146SHOTR 0 0 31,146
Canadian Pacific Kansas City LCOM13646K108412,316,5805,872,619SHSOLE5,861,231 0 11,388
Canadian Pacific Kansas City LCOM13646K108174,899,4992,491,091SHOTR11,388 0 2,491,091
Danaher CorpCOM235851102353,273,4251,723,285SHSOLE1,719,253 0 4,032
Danaher CorpCOM235851102163,932,555799,671SHOTR4,032 0 799,671
Ecolab IncCOM278865100171,648,758677,062SHSOLE677,062 0 0
Ecolab IncCOM2788651008,132,66832,079SHOTR 0 0 32,079
Experian PLC ADRCOM30215C1017,223,134155,671SHSOLE155,671 0 0
Fomento Economico Mexicano-SpCOM34441910622,051,519225,984SHSOLE225,984 0 0
Fomento Economico Mexicano-SpCOM3444191064,342,60344,503SHOTR 0 0 44,503
Gartner IncCOM366651107270,918,665645,444SHSOLE645,444 0 0
Gartner IncCOM36665110712,961,99130,881SHOTR 0 0 30,881
Grab Holdings Ltd - Cl ACOMG4124C1093,273,890722,713SHSOLE722,713 0 0
Grab Holdings Ltd - Cl ACOMG4124C1092,892,002638,411SHOTR 0 0 638,411
HDFC Bank Ltd-ADRCOM40415F101235,506,0813,544,643SHSOLE3,522,281 0 22,362
HDFC Bank Ltd-ADRCOM40415F101282,958,2604,258,854SHOTR22,362 0 4,258,854
Icon PLCCOMG4705A100132,322,013756,169SHSOLE752,503 0 3,666
Icon PLCCOMG4705A100132,234,518755,669SHOTR3,666 0 755,669
Infosys Ltd-Sp ADRCOM45678810896,519,1225,288,719SHSOLE5,235,843 0 52,876
Infosys Ltd-Sp ADRCOM456788108174,996,0389,588,824SHOTR52,876 0 9,588,824
Intuit IncCOM461202103592,086,521964,326SHSOLE961,651 0 2,675
Intuit IncCOM461202103294,993,337480,453SHOTR2,675 0 480,453
LVMH Moet Hennessy-UNSP ADRCOM5024413066,859,92155,380SHSOLE55,380 0 0
Linde PLCCOMG5495010314,277,91930,663SHSOLE30,663 0 0
MSCI Inc.COM55354G100797,3551,410SHSOLE1,410 0 0
MercadoLibre IncCOM58733R102102,693,79752,640SHSOLE52,138 0 502
MercadoLibre IncCOM58733R102192,505,99998,677SHOTR502 0 98,677
Meta Platforms IncCOM30303M102624,937,9261,084,284SHSOLE1,081,972 0 2,312
Meta Platforms IncCOM30303M102262,248,411455,008SHOTR2,312 0 455,008
Microsoft Corp.COM594918104800,577,3602,132,655SHSOLE2,127,615 0 5,040
Microsoft Corp.COM594918104361,902,237964,070SHOTR5,040 0 964,070
Netflix IncCOM64110l106197,134,044211,397SHSOLE211,397 0 0
Netflix IncCOM64110l1069,902,53610,619SHOTR 0 0 10,619
Novo-Nordisk A/S-Spons ADRCOM670100205371,686,5585,352,629SHSOLE5,352,629 0 0
Novo-Nordisk A/S-Spons ADRCOM67010020513,236,444190,617SHOTR 0 0 190,617
Nvidia CorpCOM67066G104566,837,5885,230,094SHSOLE5,220,788 0 9,306
Nvidia CorpCOM67066G104206,627,8791,906,513SHOTR9,306 0 1,906,513
S&P Global IncCOM78409V104545,016,0061,072,655SHSOLE1,070,144 0 2,511
S&P Global IncCOM78409V104235,394,600463,284SHOTR2,511 0 463,284
SAP SE-Sponsored ADRCOM80305420417,538,25965,334SHSOLE65,334 0 0
Salesforce IncCOM79466L302282,509,8181,052,727SHSOLE1,049,498 0 3,229
Salesforce IncCOM79466L302154,143,569574,391SHOTR3,229 0 574,391
ServiceNow IncCOM81762P102408,863,270513,557SHSOLE512,410 0 1,147
ServiceNow IncCOM81762P102167,109,786209,900SHOTR1,147 0 209,900
Sherwin-Williams CoCOM824348106203,578583SHSOLE583 0 0
Shopify Inc.COM82509L10710,948,310114,666SHSOLE114,666 0 0
Shopify Inc.COM82509L10740,006419SHOTR 0 0 419
Starbucks CorpCOM855244109180,832,4461,843,536SHSOLE1,843,536 0 0
Starbucks CorpCOM8552441098,300,18084,618SHOTR 0 0 84,618
Steris PLCCOMG8473T100109,330,067482,374SHSOLE477,861 0 4,513
Steris PLCCOMG8473T100188,955,385833,688SHOTR4,513 0 833,688
Synopsys IncCOM871607107458,315,4261,068,708SHSOLE1,065,969 0 2,739
Synopsys IncCOM871607107217,437,242507,024SHOTR2,739 0 507,024
Taiwan Semiconductor Mfg ADRCOM87403910090,960,530547,955SHSOLE541,312 0 6,643
Taiwan Semiconductor Mfg ADRCOM8740391001,132,1206,820SHOTR6,643 0 6,820
Tencent Music Entertainment -COM88034P1094,662,658323,571SHSOLE323,571 0 0
Tencent Music Entertainment -COM88034P1093,861,376267,965SHOTR 0 0 267,965
Thermo Fisher Scientific IncCOM883556102300,370,269603,638SHSOLE603,638 0 0
Thermo Fisher Scientific IncCOM88355610214,132,83528,402SHOTR 0 0 28,402
Unilever PLC ADRCOM9047677045,492,41692,232SHSOLE92,232 0 0
Unilever PLC ADRCOM9047677044,425,87574,322SHOTR 0 0 74,322
UnitedHealth Group IncCOM91324p102621,190,0211,186,043SHSOLE1,183,586 0 2,457
UnitedHealth Group IncCOM91324p102236,711,955451,956SHOTR2,457 0 451,956
Universal Music Group Unsp AdrCOM91377B1098,701,828634,244SHSOLE634,244 0 0
Vanguard Growth ETFCOM922908736353,021952SHSOLE952 0 0
Visa IncCOM92826C839795,367,2182,269,495SHSOLE2,263,849 0 5,646
Visa IncCOM92826C839357,523,8721,020,156SHOTR5,646 0 1,020,156
Waste ConnectionsCOM94106B10118,131,00492,889SHSOLE92,889 0 0
Waste Management IncCOM94106L109413,309,7101,785,278SHSOLE1,785,278 0 0
Waste Management IncCOM94106L10918,080,93178,100SHOTR 0 0 78,100
Workday Inc Class ACOM98138H101280,154,2651,199,650SHSOLE1,196,171 0 3,479
Workday Inc Class ACOM98138H101153,871,516658,894SHOTR3,479 0 658,894
XP IncCOMG982391095,043,088366,770SHSOLE366,770 0 0
XP IncCOMG982391094,196,816305,223SHOTR 0 0 305,223
Yum! Brands IncCOM988498101384,650,4692,444,398SHSOLE2,438,935 0 5,463
Yum! Brands IncCOM988498101171,499,7401,089,856SHOTR5,463 0 1,089,856
iShares Core S&P 500 ETFCOM464287200474,806845SHSOLE845 0 0
iShares Russell 1000 GrowthCOM4642876146,702,55318,562SHSOLE18,562 0 0