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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
AllianceBernstein
AllianceBernstein
Tennessee
$557M +$68.4M 7 0.41% Increased
27
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$550M +$57.7M 8 0.09% Increased
28
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$513M +$57.2M 6 3.88% Increased
29
Invesco
Invesco
Georgia
$502M -$113M 8 0.19% Reduced
30
Independent Franchise Partners
Independent Franchise Partners
United Kingdom
$489M -$97.9M 1 6.01% Reduced
31
Dodge & Cox
Dodge & Cox
California
$487M +$15.1M 2 0.45% Increased
32
Janus Henderson Group
Janus Henderson Group
$482M -$77.1M 5 0.31% Reduced
33
Deutsche Bank
Deutsche Bank
Germany
$481M +$76.9M 11 0.34% Increased
34
Melvin Capital Management
Melvin Capital Management
New York
$438M -$190M 1 5.95% Reduced
35
Wellington Management Group
Wellington Management Group
Massachusetts
$431M +$71.5M 6 0.11% Increased
36
American Century Companies
American Century Companies
Missouri
$408M -$47.2M 5 0.47% Reduced
37
Norges Bank
Norges Bank
Norway
$402M -$22.7M 5 0.15% Reduced
38
Renaissance Technologies
Renaissance Technologies
New York
$400M +$222M 12 0.44% Increased
39
GRQ
Gardner Russo & Quinn
Pennsylvania
$367M -$11.9M 3 3.04% Reduced
40
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$358M +$6.41M 10 0.36% Increased
41
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$347M -$5.4M 12 0.17% Reduced
42
Ameriprise
Ameriprise
Minnesota
$330M -$9.45M 10 0.17% Reduced
43
Harding Loevner
Harding Loevner
New Jersey
$330M -$12.3M 1 1.91% Reduced
44
TIAA CREF Investment Management
TIAA CREF Investment Management
New York
$318M +$53.6M 6 0.25% Increased
45
Charles Schwab Investment Advisory
Charles Schwab Investment Advisory
California
$303M +$4.45M 1 0.57% Increased
46
Citadel Advisors
Citadel Advisors
Florida
$299M -$24M 8 0.16% Reduced
47
Third Point
Third Point
New York
$281M -$129M 1 4.32% Reduced
48
Carmignac Gestion
Carmignac Gestion
France
$280M -$2.62M 1 4.23% Reduced
49
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$279M -$374K 9 1.47% Reduced
50
AQR Capital Management
AQR Capital Management
Connecticut
$255M +$1.94M 7 0.3% Increased