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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
Independent Franchise Partners
Independent Franchise Partners
United Kingdom
$710M -$5.81M 1 6.72% Reduced
27
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$681M -$10.7M 13 0.27% Reduced
28
American Century Companies
American Century Companies
Missouri
$626M +$64.2M 6 0.63% Increased
29
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$593M +$31.4M 5 1.45% Increased
30
Janus Henderson Group
Janus Henderson Group
$589M +$117M 6 0.34% Increased
31
Wellington Management Group
Wellington Management Group
Massachusetts
$576M -$516M 5 0.13% Reduced
32
Melvin Capital Management
Melvin Capital Management
New York
$543M +$30.8M 1 4.91% Increased
33
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$541M -$134M 8 0.08% Reduced
34
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$537M +$25.6M 9 0.59% Increased
35
Deutsche Bank
Deutsche Bank
Germany
$523M -$108M 11 0.26% Reduced
36
Jennison Associates
Jennison Associates
New York
$503M +$381M 4 0.49% Increased
37
Norges Bank
Norges Bank
Norway
$499M +$47.8M 5 0.17% Increased
38
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$493M -$41.3M 5 3.02% Reduced
39
AQR Capital Management
AQR Capital Management
Connecticut
$487M -$31.2M 7 0.49% Reduced
40
Third Point
Third Point
New York
$438M -$67.8M 1 3.05% Reduced
41
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$411M +$2.56M 9 2.09% Increased
42
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$407M +$30.8M 10 0.39% Increased
43
GRQ
Gardner Russo & Quinn
Pennsylvania
$398M -$11.8M 3 2.9% Reduced
44
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$379M -$216M 12 0.17% Reduced
45
Renaissance Technologies
Renaissance Technologies
New York
$374M +$236M 8 0.41% Increased
46
Charles Schwab
Charles Schwab
California
$331M +$1.03M 7 0.24% Increased
47
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$306M -$1.74M 10 0.3% Reduced
48
Fidelity International
Fidelity International
Bermuda
$306M -$116M 3 0.46% Reduced
49
SIG
Senator Investment Group
New York
$303M -$165M 1 3.01% Reduced
50
Charles Schwab Investment Advisory
Charles Schwab Investment Advisory
California
$301M +$300M 1 0.55% New