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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
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$559M -$81.8M 10 0.07% Reduced
27
Bank of New York Mellon
Bank of New York Mellon
New York
$542M +$1.05M 10 0.1% Increased
28
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$486M -$177M 9 0.45% Reduced
29
Fundsmith LLP
Fundsmith LLP
United Kingdom
$481M -$15M 1 1.96% Reduced
30
Janus Henderson Group
Janus Henderson Group
$478M -$163M 7 0.26% Reduced
31
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$456M +$379M 4 0.56% Increased
32
TCP
TSG Consumer Partners
California
$439M $0 1 67.01% Maintained
33
UBS AM
UBS AM
Illinois
$438M +$69.7M 8 0.13% Increased
34
Legal & General Group
Legal & General Group
United Kingdom
$436M -$14.8M 9 0.12% Reduced
35
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$408M +$25.2M 5 0.13% Increased
36
American Century Companies
American Century Companies
Missouri
$408M -$8.09M 11 0.25% Reduced
37
UBS Group
UBS Group
Switzerland
$403M +$1.78M 16 0.1% Increased
38
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$386M +$50.5M 3 1.3% Increased
39
Deutsche Bank
Deutsche Bank
Germany
$371M +$29.3M 10 0.17% Increased
40
ClearBridge Investments
ClearBridge Investments
New York
$345M -$94.9M 3 0.28% Reduced
41
Envestnet Asset Management
Envestnet Asset Management
Illinois
$340M +$42.2M 10 0.12% Increased
42
CIP
Champlain Investment Partners
Vermont
$340M +$87.1M 2 2.08% Increased
43
DCP
Darsana Capital Partners
New York
$334M $0 1 9.14% Maintained
44
CCP
Clarkston Capital Partners
Michigan
$328M +$9.71M 3 6.25% Increased
45
LSV Asset Management
LSV Asset Management
Illinois
$321M -$1.46M 1 0.7% Reduced
46
Franklin Resources
Franklin Resources
California
$320M -$59.8M 9 0.1% Reduced
47
AQR Capital Management
AQR Capital Management
Connecticut
$300M +$6.79M 6 0.46% Increased
48
Boston Partners
Boston Partners
Massachusetts
$290M +$33.5M 2 0.36% Increased
49
Pacer Advisors
Pacer Advisors
Pennsylvania
$285M +$126M 7 0.65% Increased
50
Raymond James & Associates
Raymond James & Associates
Florida
$269M +$26.6M 10 0.18% Increased