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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
Viking Global Investors
Viking Global Investors
Connecticut
$604M +$200M 1 2.74% Increased
27
OppenheimerFunds
OppenheimerFunds
New York
$601M -$33.6M 5 0.76% Reduced
28
UBS Group
UBS Group
Switzerland
$583M +$50.6M 12 0.32% Increased
29
BlackRock Group
BlackRock Group
United Kingdom
$576M -$14.2M 10 0.27% Reduced
30
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$520M -$10.7M 12 0.26% Reduced
31
Capital World Investors
Capital World Investors
California
$515M +$1.13M 1 0.13% Increased
32
Geode Capital Management
Geode Capital Management
Massachusetts
$491M +$24.9M 9 0.23% Increased
33
ClearBridge Investments
ClearBridge Investments
New York
$490M +$130M 4 0.54% Increased
34
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$482M +$114M 10 0.69% Increased
35
Invesco
Invesco
Georgia
$461M -$63.4M 8 0.16% Reduced
36
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$451M +$49M 6 2.47% Increased
37
American Century Companies
American Century Companies
Missouri
$449M +$49.2M 5 0.48% Increased
38
Jennison Associates
Jennison Associates
New York
$444M +$78M 2 0.5% Increased
39
TIAA CREF Investment Management
TIAA CREF Investment Management
New York
$428M -$620K 6 0.32% Reduced
40
BlackRock Investment Management
BlackRock Investment Management
Delaware
$427M -$158M 10 0.49% Reduced
41
BlackRock Advisors
BlackRock Advisors
Delaware
$379M -$74.5M 10 0.38% Reduced
42
Manning & Napier Advisors
Manning & Napier Advisors
New York
$376M -$8.28M 2 2.46% Reduced
43
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$375M -$56.7M 4 0.32% Reduced
44
Millennium Management
Millennium Management
New York
$370M +$156M 8 0.78% Increased
45
Ameriprise
Ameriprise
Minnesota
$350M -$163M 9 0.19% Reduced
46
Egerton Capital (UK)
Egerton Capital (UK)
United Kingdom
$345M +$604K 1 4.2% Increased
47
GRQ
Gardner Russo & Quinn
Pennsylvania
$339M -$724M 4 2.87% Reduced
48
Norges Bank
Norges Bank
Norway
$336M -$148M 4 0.15% Reduced
49
First Eagle Investment Management
First Eagle Investment Management
New York
$313M -$113M 4 0.8% Reduced
50
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$312M -$64.1M 3 0.68% Reduced