LongSU.PAJun 2026
Schneider Electric SE
SGA initiated Schneider Electric because it is one of the few global companies capable of delivering end-to-end electrical solutions and services at scale. Its installed base…
Sustainable Growth Advisers, LP
High-conviction global growth equity investing in durable businesses with predictable revenue, cash flow and mid-teens earnings growth.$16.7B AUM40 published ideas
Sustainable Growth Advisers, LP is a global growth investment manager founded in 2003. Its Global Growth strategy concentrates on high-quality companies with durable competitive advantages, predictable cash generation and long runways for compounding. The firm evaluates businesses over long horizons and seeks to avoid paying for growth that depends on temporary cycles or market narratives.
Ideas from Sustainable Growth Advisers, LP
LongANETJun 2026
Arista Networks, Inc.
SGA initiated Arista Networks for its high-performance, software-driven networking platform used by hyperscalers and cloud customers. Its EOS operating system and focused…
LongGALD.SWJun 2026
Galderma Group AG
SGA initiated Galderma because its dermatology platform spans injectable aesthetics, skincare and therapeutic dermatology with strong physician relationships and recurring…
Long6146.TJun 2026
DISCO Corporation
SGA initiated DISCO because it controls roughly 70-80% of the market for critical cutting, grinding and thinning equipment used in semiconductor manufacturing. Its equipment…
LongTSMJun 2026
Taiwan Semiconductor Manufacturing Company Limited
TSMC was a top contributor and SGA maintained an above-average weight during the quarter. Demand for advanced logic and compute remains strong across AI accelerators and CPUs…
LongLINJun 2026
Linde plc
SGA re-entered Linde after exiting in 2024 for valuation reasons, as the share price consolidated while fundamentals continued to improve. The company benefits from long-term…
LongEQIXJun 2026
Equinix, Inc.
SGA re-entered Equinix after growth reaccelerated and its leadership transition was completed. Roughly 95% of revenue is recurring under multi-year contracts, while low churn…
LongARMJun 2026
Arm Holdings plc
Arm remains a core SGA holding because demand for Arm-based CPUs and royalties continues to expand across data-center and AI workloads. The company delivered 20% revenue growth…
LongGOOGJun 2026
Alphabet Inc.
SGA views Alphabet as a broad beneficiary of the AI investment cycle because it participates across infrastructure, foundational models, developer tools and scaled consumer…
LongNFLXJun 2026
Netflix, Inc.
Netflix detracted during the quarter despite solid first-quarter growth because second-quarter revenue and EBIT guidance came in below elevated expectations. SGA believes the…
LongCRMJun 2026
Salesforce, Inc.
Salesforce detracted as growth in current remaining performance obligations merely met guidance and several product areas remained weak. SGA nevertheless believes the company's…
LongGOOGJun 2026
Alphabet
SGA sees Alphabet as a broad beneficiary of AI through infrastructure, foundation models, developer tools and scaled consumer applications. Strong demand for AI compute supports…
LongLINJun 2026
Linde
SGA reinitiated Linde after the share price consolidated while fundamentals continued to improve. The investment case rests on a highly durable industrial-gas model with…
LongEQIXJun 2026
Equinix
SGA reinitiated Equinix as growth reaccelerated with AI inferencing and power demand while a prior leadership transition was resolved. Roughly 95% of revenue is recurring and…
LongSUJun 2026
Schneider Electric
SGA initiated Schneider Electric because its scale, installed base, product breadth and distribution relationships create switching costs and pricing power across energy…
LongANETJun 2026
Arista Networks
SGA initiated Arista as a high-performance networking leader whose EOS software architecture, reliability and product performance have created a strong position with hyperscalers…
LongGALDJun 2026
Galderma
SGA initiated Galderma because its leadership across injectable aesthetics, dermatological skincare and therapeutics creates a diversified platform with strong physician…
Long6146Jun 2026
Disco
SGA initiated Disco because it holds roughly 70-80% share in cutting, grinding and thinning equipment used in semiconductor manufacturing. Its equipment is increasingly critical…
LongTSMJun 2026
Taiwan Semiconductor Manufacturing Company
SGA continues to own TSMC as the leading-edge foundry positioned to benefit from sustained demand for advanced logic and compute. AI accelerators and CPUs are driving additional…
LongARMJun 2026
Arm Holdings
SGA views Arm as a high-quality long-term compounder benefiting from increasing adoption of Arm-based CPUs across data centers and AI workloads. Licensing and royalty growth…
LongNFLXJun 2026
Netflix
SGA added to Netflix after share-price weakness despite continued double-digit revenue growth and solid operating-income expansion. The long-term thesis rests on a recurring…
LongCRMJun 2026
Salesforce
SGA continues to own Salesforce despite weak sentiment and slower current remaining performance obligation growth. Weakness in Marketing, Commerce and Tableau is being offset by…
LongEQIXJun 2026
Equinix
SGA reinitiated Equinix as growth reaccelerated with AI inferencing and strong power demand, while a prior leadership transition was resolved. Roughly 95% of revenue is recurring…
LongANETJun 2026
Arista Networks
SGA initiated Arista Networks because it sees durable long-term growth in high-performance data-center networking. Arista's EOS software platform runs across its switches and…
LongARMJun 2026
Arm Holdings
Arm remains a long-term holding because SGA sees sustained growth in licensing and royalties as Arm-based CPUs gain adoption across data centers and AI workloads. Management's…
LongGOOGJun 2026
Alphabet
SGA views Alphabet as a broad beneficiary of the AI investment cycle because its exposure spans infrastructure, foundational models, developer tools and scaled consumer…
LongNVDAJun 2026
Nvidia
SGA remains constructive on Nvidia after strong results and disclosures showing demand from the largest cloud customers consistent with its long-term outlook. Management…
LongNFLXJun 2026
Netflix
SGA maintained Netflix despite near-term share-price pressure because the core business continued to deliver solid revenue and operating income growth. With the Warner Bros…
LongCRMJun 2026
Salesforce
SGA maintained Salesforce despite weak investor sentiment and uneven product performance. Strength in Sales Cloud, Service Cloud, Slack and Data Cloud is offsetting weakness in…
LongANETJun 2026
Arista Networks
SGA initiated Arista as a high-performance networking leader whose EOS software architecture, reliability and product performance have created a strong position with hyperscalers…
LongGALDJun 2026
Galderma
SGA initiated Galderma because its leadership across injectable aesthetics, dermatological skincare and therapeutics creates a diversified platform with strong physician…
Long6146Jun 2026
Disco
SGA initiated Disco because it holds roughly 70-80% share in cutting, grinding and thinning equipment used in semiconductor manufacturing. Its equipment is increasingly critical…
LongTSMJun 2026
Taiwan Semiconductor Manufacturing Company
SGA continues to own TSMC as the leading-edge foundry positioned to benefit from sustained demand for advanced logic and compute. AI accelerators and CPUs are driving additional…
LongLINJun 2026
Linde
SGA reinitiated Linde after the share price consolidated while fundamentals continued to improve. The investment case rests on a highly durable industrial-gas model with…
LongEQIXJun 2026
Equinix
SGA reinitiated Equinix as growth reaccelerated with AI inferencing and power demand while a prior leadership transition was resolved. Roughly 95% of revenue is recurring and…
LongSUJun 2026
Schneider Electric
SGA initiated Schneider Electric because its scale, installed base, product breadth and distribution relationships create switching costs and pricing power across energy…
LongGOOGJun 2026
Alphabet
SGA sees Alphabet as a broad beneficiary of AI through infrastructure, foundation models, developer tools and scaled consumer applications. Strong demand for AI compute supports…
LongCRMJun 2026
Salesforce
SGA continues to own Salesforce despite weak sentiment and slower current remaining performance obligation growth. Weakness in Marketing, Commerce and Tableau is being offset by…
LongARMJun 2026
Arm Holdings
SGA views Arm as a high-quality long-term compounder benefiting from increasing adoption of Arm-based CPUs across data centers and AI workloads. Licensing and royalty growth…
LongNFLXJun 2026
Netflix
SGA added to Netflix after share-price weakness despite continued double-digit revenue growth and solid operating-income expansion. The long-term thesis rests on a recurring…
Letters covered
- U.S. Large Cap Growth CommentaryJune 30, 2026
- Global Growth Commentary Quarter 2 2026June 30, 2026
- Global Growth Commentary Quarter 2 2026June 30, 2026
- Global Growth Commentary Quarter 2 2026June 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.