diff --git a/include/onnxruntime/core/graph/graph_viewer.h b/include/onnxruntime/core/graph/graph_viewer.h
index c0ace1ffdb..78b114e8dd 100644
--- a/include/onnxruntime/core/graph/graph_viewer.h
+++ b/include/onnxruntime/core/graph/graph_viewer.h
@@ -95,7 +95,7 @@ class GraphViewer {
   */
   const ConstGraphNodes& Nodes() const noexcept;
 
-  /** Gets the number of valid nodes in the Graph. 
+  /** Gets the number of valid nodes in the Graph.
   @remarks Returns the number of nodes in filter_info_ if set.
   */
   int NumberOfNodes() const noexcept;
@@ -103,7 +103,7 @@ class GraphViewer {
   /** Gets the maximum NodeIndex value used by Nodes in the Graph. */
   int MaxNodeIndex() const noexcept;
 
-  /** Gets the NodeIndex values for the Graph nodes, sorted into topological order.  
+  /** Gets the NodeIndex values for the Graph nodes, sorted into topological order.
   @remarks Filtered using filter_info_ if set.
   */
   const std::vector<NodeIndex>& GetNodesInTopologicalOrder(ExecutionOrder order = ExecutionOrder::DEFAULT) const;
@@ -138,7 +138,7 @@ class GraphViewer {
 
   /**
   returns true if 'name' is an initializer, and is constant and cannot be overridden at runtime.
-  @param check_outer_scope If true and the 'graph_' is a subgraph, check parent graph/s for 'name' 
+  @param check_outer_scope If true and the 'graph_' is a subgraph, check parent graph/s for 'name'
                            if the name is not found in 'graph_'.
   */
   bool IsConstantInitializer(const std::string& name, bool check_outer_scope) const;
@@ -188,5 +188,6 @@ class GraphViewer {
   std::vector<const NodeArg*> filtered_node_inputs_;
   std::vector<const NodeArg*> filtered_node_inputs_including_initializers_;
   std::vector<const NodeArg*> filtered_node_outputs_;
+  InitializedTensorSet filtered_initializers_;
 };
 }  // namespace onnxruntime
diff --git a/onnxruntime/core/graph/graph_viewer.cc b/onnxruntime/core/graph/graph_viewer.cc
index 6c89a40655..0b25b51a80 100644
--- a/onnxruntime/core/graph/graph_viewer.cc
+++ b/onnxruntime/core/graph/graph_viewer.cc
@@ -121,6 +121,26 @@ GraphViewer::GraphViewer(const Graph& graph, const IndexedSubGraph* filter_info)
     std::copy_if(orig_order.cbegin(), orig_order.cend(), std::back_inserter(nodes_in_topological_order_),
                  [this](NodeIndex idx) { return filtered_node_indices_.count(idx) != 0; });
 
+    // Filter the initializers also
+    // Get the names of all the inputs and implicit inputs of all the nodes in this subgraph
+    for (const auto node_idx : filtered_node_indices_) {
+      const auto* node = GetNode(node_idx);
+      ORT_ENFORCE(node, "Mismatch between Graph and IndexedSubGraph. Node not found: ", node_idx);
+      const ONNX_NAMESPACE::TensorProto* tensor = nullptr;
+      for (const auto* node_input : node->InputDefs()) {
+        if (graph.GetInitializedTensor(node_input->Name(), tensor)) {
+          filtered_initializers_.insert({node_input->Name(), tensor});
+        }
+      }
+
+      // The implicit inputs for subgraphs (if any)
+      for (const auto* node_input : node->ImplicitInputDefs()) {
+        if (graph.GetInitializedTensor(node_input->Name(), tensor)) {
+          filtered_initializers_.insert({node_input->Name(), tensor});
+        }
+      }
+    }
+
 #if !defined(ORT_MINIMAL_BUILD)
     auto orig_priority_order = std::move(nodes_in_topological_order_with_priority_);
     nodes_in_topological_order_with_priority_.reserve(filter_info->nodes.size());
@@ -146,6 +166,10 @@ const std::string& GraphViewer::Description() const noexcept {
 
 bool GraphViewer::GetInitializedTensor(const std::string& tensor_name,
                                        const ONNX_NAMESPACE::TensorProto*& value) const {
+  // if we are using filtered subgraph, the initializer has to be part of the subgraph
+  if (filter_info_ != nullptr && filtered_initializers_.find(tensor_name) == filtered_initializers_.cend())
+    return false;
+
   return graph_->GetInitializedTensor(tensor_name, value);
 }
 
@@ -220,7 +244,9 @@ const std::vector<NodeIndex>& GraphViewer::GetRootNodes() const {
 }
 
 const InitializedTensorSet& GraphViewer::GetAllInitializedTensors() const noexcept {
-  return graph_->GetAllInitializedTensors();
+  return (filter_info_ == nullptr)
+             ? graph_->GetAllInitializedTensors()
+             : filtered_initializers_;
 }
 
 const NodeArg* GraphViewer::GetNodeArg(const std::string& name) const {
diff --git a/onnxruntime/test/ir/graph_viewer_test.cc b/onnxruntime/test/ir/graph_viewer_test.cc
index 9ffe6f82e2..eba3b70bbe 100644
--- a/onnxruntime/test/ir/graph_viewer_test.cc
+++ b/onnxruntime/test/ir/graph_viewer_test.cc
@@ -92,6 +92,14 @@ TEST(GraphViewer, FilteredGraph) {
   EXPECT_EQ(viewer.GetOutputs().size(), final_metadef->outputs.size());
   EXPECT_EQ(viewer.IsSubgraph(), false)
       << "GraphViewer is for a filtered set of nodes of a single graph and not a nested subgraph";
+
+  // Verify the viewer's initializers are filtered as well
+  const auto& viewer_initializers = viewer.GetAllInitializedTensors();
+  EXPECT_EQ(viewer_initializers.size(), initializers.size());
+  // We should have less initializers in the viewer than the underlying graph
+  EXPECT_LT(viewer_initializers.size(), graph.GetAllInitializedTensors().size());
+  // Pick a initializers which is not in the viewer, and check it is not part of the viewer's initializers
+  EXPECT_TRUE(viewer_initializers.count("Constant15770PastValue16469") == 0);
 }
 }  // namespace test
 }  // namespace onnxruntime