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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
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$444M -$24.6M 14 0.07% Reduced
27
Aristotle Capital Management
Aristotle Capital Management
California
$409M -$31.9M 2 0.79% Reduced
28
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$408M -$185M 7 0.34% Reduced
29
Bank of New York Mellon
Bank of New York Mellon
New York
$392M -$32.2M 9 0.07% Reduced
30
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$381M -$55.2M 6 0.24% Reduced
31
Wells Fargo
Wells Fargo
California
$353M -$45M 12 0.07% Reduced
32
Citadel Advisors
Citadel Advisors
Florida
$335M +$132M 12 0.05% Increased
33
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$314M +$70.6M 2 0.97% Increased
34
LSV Asset Management
LSV Asset Management
Illinois
$304M +$33.4M 2 0.67% Increased
35
Deutsche Bank
Deutsche Bank
Germany
$297M +$12.6M 8 0.1% Increased
36
Raymond James Financial
Raymond James Financial
Florida
$290M +$64.7M 9 0.09% Increased
37
Harris Associates
Harris Associates
Illinois
$276M +$46.4M 2 0.44% Increased
38
AQR Capital Management
AQR Capital Management
Connecticut
$267M +$88.5M 10 0.17% Increased
39
Envestnet Asset Management
Envestnet Asset Management
Illinois
$250M +$8.09M 8 0.07% Increased
40
Rakuten Investment Management
Rakuten Investment Management
Japan
$242M +$25M 3 0.86% New
41
UBS AM
UBS AM
Illinois
$240M -$67.1M 6 0.05% Reduced
42
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$240M +$87.4M 4 0.07% Increased
43
Westwood Global Investments
Westwood Global Investments
Massachusetts
$226M -$7.64M 1 11.3% Reduced
44
Renaissance Technologies
Renaissance Technologies
New York
$226M -$1.78M 7 0.3% Reduced
45
CCP
Clarkston Capital Partners
Michigan
$219M -$26.4M 3 4.72% Reduced
46
Legal & General Group
Legal & General Group
United Kingdom
$200M -$16.1M 8 0.04% Reduced
47
Confluence Investment Management
Confluence Investment Management
Missouri
$186M +$384K 3 2.65% Increased
48
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$186M +$83.4M 11 0.02% Increased
49
Equity Investment Corp
Equity Investment Corp
Georgia
$185M +$104M 2 3.88% Increased
50
First Trust Advisors
First Trust Advisors
Illinois
$174M +$58M 8 0.13% Increased