Sustainable Growth Advisers, LP Buys Ulta Beauty Inc, Yum Brands Inc, Workday Inc, Sells Lowe's Inc, Novo Nordisk A/S, The Estee Lauder Inc

• New Purchases: ULTA,
• Added Positions: YUM, AMZN, CRM, WDAY, INFY, ECL, PYPL, INTU, ILMN, MELI, IWF, GOOGL,
• Reduced Positions: LOW, ADSK, NVO, EL, GOOG, ADP, EDU, EQIX, REGN, HDB, BKNG, NKE, MSFT, SAP, UNH, BABA, LIN, INFO, FLT, BDX, TJX, NSRGY, TAL, AON, FMX, ABEV, HTHT,

For the details of Sustainable Growth Advisers, LP's stock buys and sells, go to https://www.gurufocus.com/guru/sustainable+growth+advisers%2C+lp/current-portfolio/portfolio

1. Yum Brands Inc (YUM) - 5,332,769 shares, 5.03% of the total portfolio. Shares added by 22.83%
2. Amazon.com Inc (AMZN) - 287,076 shares, 4.97% of the total portfolio. Shares added by 15.74%
3. Salesforce.com Inc (CRM) - 3,218,030 shares, 4.90% of the total portfolio. Shares added by 8.86%
4. Microsoft Corp (MSFT) - 3,296,880 shares, 4.87% of the total portfolio. Shares reduced by 1.89%
5. Visa Inc (V) - 2,746,261 shares, 4.84% of the total portfolio. Shares added by 0.24%

Sustainable Growth Advisers, LP initiated holding in Ulta Beauty Inc. The purchase prices were between $228.49 and $262.79, with an estimated average price of $243.98. The stock is now traded at around $273.52. The impact to a portfolio due to this purchase was 1.29%. The holding were 543,331 shares as of .

Sustainable Growth Advisers, LP added to a holding in Yum Brands Inc by 22.83%. The purchase prices were between $97.62 and $114.66, with an estimated average price of $103.34. The stock is now traded at around $106.71. The impact to a portfolio due to this purchase was 0.93%. The holding were 5,332,769 shares as of .

Sustainable Growth Advisers, LP added to a holding in Workday Inc by 34.25%. The purchase prices were between $152.29 and $180.96, with an estimated average price of $166.19. The stock is now traded at around $194.70. The impact to a portfolio due to this purchase was 0.4%. The holding were 1,005,218 shares as of .

Sustainable Growth Advisers, LP added to a holding in Infosys Ltd by 40.72%. The purchase prices were between $8.93 and $11.29, with an estimated average price of $10.04. The stock is now traded at around $11.10. The impact to a portfolio due to this purchase was 0.22%. The holding were 8,009,213 shares as of .

Sustainable Growth Advisers, LP added to a holding in iShares Russell 1000 Growth ETF by 235.04%. The purchase prices were between $154.88 and $176.84, with an estimated average price of $166.79. The stock is now traded at around $185.66. The impact to a portfolio due to this purchase was 0.01%. The holding were 11,904 shares as of .