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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
Bank of New York Mellon
Bank of New York Mellon
New York
$644M +$67.2M 10 0.12% Increased
27
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$529M +$66.1M 4 0.57% Increased
28
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$510M -$35.4M 8 0.45% Reduced
29
Fundsmith LLP
Fundsmith LLP
United Kingdom
$493M -$50.7M 1 1.95% Reduced
30
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$488M +$224M 2 0.29% Increased
31
Janus Henderson Group
Janus Henderson Group
$485M +$5.83M 7 0.25% Increased
32
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$471M -$93.6M 10 0.05% Reduced
33
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$460M +$69.5M 3 1.44% Increased
34
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$453M +$7.74M 5 0.14% Increased
35
Legal & General Group
Legal & General Group
United Kingdom
$444M -$14.5M 9 0.12% Reduced
36
VanEck Associates
VanEck Associates
New York
$443M +$196M 3 0.55% Increased
37
UBS AM
UBS AM
Illinois
$431M -$22M 9 0.11% Reduced
38
AQR Capital Management
AQR Capital Management
Connecticut
$431M +$96M 10 0.59% Increased
39
Envestnet Asset Management
Envestnet Asset Management
Illinois
$427M +$54.4M 10 0.14% Increased
40
UBS Group
UBS Group
Switzerland
$426M +$1.67M 16 0.09% Increased
41
Deutsche Bank
Deutsche Bank
Germany
$423M +$29.3M 11 0.17% Increased
42
American Century Companies
American Century Companies
Missouri
$421M +$6.78M 11 0.24% Increased
43
CIP
Champlain Investment Partners
Vermont
$373M -$11.4M 2 2.25% Reduced
44
CCP
Clarkston Capital Partners
Michigan
$369M -$1.44M 3 6.79% Reduced
45
LSV Asset Management
LSV Asset Management
Illinois
$367M +$3.59M 1 0.79% Increased
46
TCP
TSG Consumer Partners
California
$359M $0 1 68.24% Maintained
47
ClearBridge Investments
ClearBridge Investments
New York
$341M -$24.9M 3 0.27% Reduced
48
Harding Loevner
Harding Loevner
New Jersey
$332M +$46.2M 1 1.91% Increased
49
DCP
Darsana Capital Partners
New York
$327M -$7.24M 1 8.06% Reduced
50
GQG Partners
GQG Partners
Florida
$316M +$290M 1 0.5% New