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Alcohol

Brewers, distillers, and winemakers sell brands with very long lives and steady pricing power. Volumes are flat in mature markets, so growth has to come from premium products and from newer ones.

24 stocks

# Name Holding Trade Value Theme
Stocks
% of
Portfolio
Status
26
American Century Companies
American Century Companies
Missouri
$595M +$15.7M 3 0.66% Increased
27
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$510M -$5.05M 4 2.31% Reduced
28
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$508M -$725K 1 0.69% Reduced
29
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$499M +$7.5M 12 0.31% Increased
30
SIG
Senator Investment Group
New York
$498M -$43.5M 3 4.78% Reduced
31
Ameriprise
Ameriprise
Minnesota
$494M -$45.1M 8 0.28% Reduced
32
Franklin Resources
Franklin Resources
California
$490M +$168M 6 0.22% Increased
33
BlackRock Group
BlackRock Group
United Kingdom
$489M -$26.2M 8 0.26% Reduced
34
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$480M -$108M 4 0.4% Reduced
35
Third Point
Third Point
New York
$476M -$30.2M 2 4.4% Reduced
36
UBS Group
UBS Group
Switzerland
$460M +$54.5M 13 0.32% Increased
37
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$453M -$100M 8 0.5% Reduced
38
ClearBridge Investments
ClearBridge Investments
New York
$431M -$67.2M 5 0.45% Reduced
39
Goldman Sachs
Goldman Sachs
New York
$424M -$12.2M 10 0.14% Reduced
40
BP
BBR Partners
New York
$401M -$1.29M 3 54.17% Reduced
41
BlackRock Investment Management
BlackRock Investment Management
Delaware
$376M +$33.3M 8 0.49% Increased
42
Manning & Napier Advisors
Manning & Napier Advisors
New York
$375M -$23.1M 4 1.77% Reduced
43
Geode Capital Management
Geode Capital Management
Massachusetts
$367M +$12.9M 8 0.21% Increased
44
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$359M +$40.6M 8 0.07% Increased
45
Norges Bank
Norges Bank
Norway
$357M -$11.4M 5 0.17% Reduced
46
Fidelity International
Fidelity International
Bermuda
$352M +$9.36M 4 1.13% Increased
47
First Manhattan
First Manhattan
New York
$330M -$32.9M 7 1.9% Reduced
48
PCM
Pennant Capital Management
New Jersey
$325M -$26.3M 1 6.09% Reduced
49
TIAA CREF Investment Management
TIAA CREF Investment Management
New York
$322M -$19.4M 5 0.22% Reduced
50
Harding Loevner
Harding Loevner
New Jersey
$313M -$33.6M 2 2.39% Reduced