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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
Fisher Asset Management
Fisher Asset Management
Washington
$676M +$10.3M 5 0.46% Increased
27
American Century Companies
American Century Companies
Missouri
$646M -$3.54M 11 0.53% Reduced
28
Bank of New York Mellon
Bank of New York Mellon
New York
$612M +$38.4M 12 0.14% Increased
29
Norges Bank
Norges Bank
Norway
$600M +$22M 6 0.14% Increased
30
UBS Group
UBS Group
Switzerland
$598M -$77.2M 16 0.22% Reduced
31
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$550M -$133M 7 0.77% Reduced
32
Goldman Sachs
Goldman Sachs
New York
$540M -$278M 13 0.13% Reduced
33
Franklin Resources
Franklin Resources
California
$509M +$9.81M 11 0.26% Increased
34
Neuberger Berman Group
Neuberger Berman Group
New York
$486M +$75.1M 8 0.48% Increased
35
Legal & General Group
Legal & General Group
United Kingdom
$439M -$41.2M 10 0.17% Reduced
36
CCP
Clarkston Capital Partners
Michigan
$433M +$15.7M 3 8.17% Increased
37
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$429M -$9.12M 10 0.86% Reduced
38
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$416M +$27.2M 4 0.15% Increased
39
UBS AM
UBS AM
Illinois
$414M -$5.26M 8 0.22% Reduced
40
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$408M -$48.1M 1 0.31% Reduced
41
London Company of Virginia
London Company of Virginia
Virginia
$406M -$979K 2 2.39% Reduced
42
LSV Asset Management
LSV Asset Management
Illinois
$391M -$9.21M 1 0.86% Reduced
43
ClearBridge Investments
ClearBridge Investments
New York
$374M +$48.5M 3 0.37% Increased
44
Capital Research Global Investors
Capital Research Global Investors
California
$333M +$343M 1 0.1% New
45
Harding Loevner
Harding Loevner
New Jersey
$329M -$24.7M 1 1.9% Reduced
46
Markel Group
Markel Group
Virginia
$327M $0 3 4.39% Maintained
47
VOYA Investment Management
VOYA Investment Management
Georgia
$319M -$35.1M 9 0.37% Reduced
48
Swiss National Bank
Swiss National Bank
Switzerland
$289M -$19.4M 7 0.21% Reduced
49
Westwood Global Investments
Westwood Global Investments
Massachusetts
$276M -$1.43M 1 15.54% Reduced
50
Raymond James & Associates
Raymond James & Associates
Florida
$272M +$48.3M 9 0.25% Increased