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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
$461M -$36.4M 9 0.09% Reduced
27
Goldman Sachs
Goldman Sachs
New York
$436M -$66.6M 12 0.06% Reduced
28
Norges Bank
Norges Bank
Norway
$431M -$110M 5 0.05% Reduced
29
Wells Fargo
Wells Fargo
California
$430M +$15.4M 12 0.09% Increased
30
Ameriprise
Ameriprise
Minnesota
$427M +$288M 9 0.11% Increased
31
GQG Partners
GQG Partners
Florida
$364M +$367M 1 0.52% New
32
VanEck Associates
VanEck Associates
New York
$336M -$155M 4 0.38% Reduced
33
UBS AM
UBS AM
Illinois
$333M +$55.5M 7 0.07% Increased
34
Deutsche Bank
Deutsche Bank
Germany
$318M -$13.9M 8 0.12% Reduced
35
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$301M +$131M 3 0.98% Increased
36
LSV Asset Management
LSV Asset Management
Illinois
$293M -$14.7M 1 0.69% Reduced
37
Harris Associates
Harris Associates
Illinois
$286M +$4.51M 2 0.47% Increased
38
Envestnet Asset Management
Envestnet Asset Management
Illinois
$264M -$13.3M 9 0.08% Reduced
39
CCP
Clarkston Capital Partners
Michigan
$264M -$83.6M 3 5.6% Reduced
40
Raymond James Financial
Raymond James Financial
Florida
$254M -$5.29M 14 0.09% Reduced
41
Westwood Global Investments
Westwood Global Investments
Massachusetts
$253M +$5.63M 1 13.63% Increased
42
Renaissance Technologies
Renaissance Technologies
New York
$247M +$49M 8 0.33% Increased
43
Legal & General Group
Legal & General Group
United Kingdom
$239M -$17.2M 8 0.06% Reduced
44
ClearBridge Investments
ClearBridge Investments
New York
$235M -$29.5M 3 0.19% Reduced
45
Citadel Advisors
Citadel Advisors
Florida
$223M +$25M 10 0.04% Increased
46
Janus Henderson Group
Janus Henderson Group
$218M -$103M 5 0.11% Reduced
47
Confluence Investment Management
Confluence Investment Management
Missouri
$197M +$46.1M 3 2.78% Increased
48
Davenport & Co
Davenport & Co
Virginia
$191M +$79.6K 4 1.04% Increased
49
AQR Capital Management
AQR Capital Management
Connecticut
$184M -$53.5M 10 0.15% Reduced
50
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$177M -$97.7M 4 0.06% Reduced