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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
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$665M +$13.8M 13 0.25% Increased
27
Janus Henderson Group
Janus Henderson Group
$664M +$60.6M 5 0.35% Increased
28
AllianceBernstein
AllianceBernstein
Tennessee
$661M -$120M 7 0.43% Reduced
29
Independent Franchise Partners
Independent Franchise Partners
United Kingdom
$634M -$8.52M 1 6.09% Reduced
30
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$601M +$80.6M 8 0.09% Increased
31
American Century Companies
American Century Companies
Missouri
$573M -$38.6M 6 0.56% Reduced
32
Norges Bank
Norges Bank
Norway
$522M +$35.3M 5 0.17% Increased
33
Dodge & Cox
Dodge & Cox
California
$518M +$343M 2 0.4% Increased
34
Third Point
Third Point
New York
$517M +$85M 1 3.62% Increased
35
Deutsche Bank
Deutsche Bank
Germany
$484M -$24.9M 11 0.24% Reduced
36
Wellington Management Group
Wellington Management Group
Massachusetts
$468M -$91.8M 6 0.1% Reduced
37
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$455M -$29.7M 5 2.82% Reduced
38
Ameriprise
Ameriprise
Minnesota
$447M +$207M 10 0.16% Increased
39
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$435M -$68.8M 8 0.46% Reduced
40
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$405M +$11.4M 10 0.35% Increased
41
Citadel Advisors
Citadel Advisors
Florida
$405M +$220M 8 0.18% Increased
42
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$404M +$41.4M 13 0.17% Increased
43
GRQ
Gardner Russo & Quinn
Pennsylvania
$401M -$9.27M 3 2.9% Reduced
44
Harding Loevner
Harding Loevner
New Jersey
$398M +$297M 1 2.08% Increased
45
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$380M +$12.8M 9 1.72% Increased
46
Carmignac Gestion
Carmignac Gestion
France
$379M +$142M 1 3.21% Increased
47
Millennium Management
Millennium Management
New York
$358M +$140M 10 0.44% Increased
48
TIAA CREF Investment Management
TIAA CREF Investment Management
New York
$354M +$135M 7 0.23% Increased
49
Bank of Montreal
Bank of Montreal
Ontario, Canada
$353M +$228M 12 0.28% Increased
50
AQR Capital Management
AQR Capital Management
Connecticut
$318M -$158M 7 0.3% Reduced