Sustainable Growth Advisers, LP - Global Growth Composite on Alphabet Inc.
Thesis
SGA maintains an above-average position in Alphabet and raised its position target during the quarter. The company provides broad exposure to AI through infrastructure, foundational models, developer tools, and scaled consumer applications. Its global platforms benefit from network effects, direct user relationships, recurring revenue, and scaled infrastructure that support durable competitive advantages and pricing power. Digital advertising, cloud computing, and continued AI investment provide additional long-term growth opportunities.
“We continue to view Alphabet as a high-quality, long-term compounder.”