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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
51
Swiss National Bank
Swiss National Bank
Switzerland
$281M -$24.2M 7 0.19% Reduced
52
Raymond James & Associates
Raymond James & Associates
Florida
$277M -$31M 9 0.23% Reduced
53
Fundsmith Investment Services
Fundsmith Investment Services
Mauritius
$268M $0 1 3.91% Maintained
54
CIP
Champlain Investment Partners
Vermont
$263M +$67.5M 2 1.62% Increased
55
Marshall Wace
Marshall Wace
United Kingdom
$258M +$232M 6 0.5% Increased
56
Amundi
Amundi
France
$254M +$51.7M 6 0.13% Increased
57
SIM
Sprucegrove Investment Management
Ontario, Canada
$254M -$19.8M 1 13.24% Reduced
58
VOYA Investment Management
VOYA Investment Management
Georgia
$241M -$3.84M 7 0.25% Reduced
59
Douglas Lane & Associates
Douglas Lane & Associates
New York
$229M -$1.32M 4 3.69% Reduced
60
GRQ
Gardner Russo & Quinn
Pennsylvania
$228M -$4.76M 2 2.25% Reduced
61
Nuveen
Nuveen
North Carolina
$220M -$1.16M 8 0.08% Reduced
62
LT
Lindsell Train
United Kingdom
$219M +$391K 2 3.91% Increased
63
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$213M -$11.1M 6 0.99% Reduced
64
Citigroup
Citigroup
New York
$208M +$69.3M 12 0.14% Increased
65
Gabelli Funds
Gabelli Funds
New York
$205M +$1.38M 8 1.55% Increased
66
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$202M -$6.38M 6 1.63% Reduced
67
Holocene Advisors
Holocene Advisors
New York
$199M -$1.37M 2 0.85% Reduced
68
AQR Capital Management
AQR Capital Management
Connecticut
$193M +$10.4M 8 0.41% Increased
69
Macquarie Group
Macquarie Group
Australia
$192M -$12.5M 7 0.22% Reduced
70
California Public Employees Retirement System
California Public Employees Retirement System
California
$189M -$1.21M 3 0.16% Reduced
71
ProShare Advisors
ProShare Advisors
Maryland
$189M +$8.98M 4 0.55% Increased
72
Ameriprise
Ameriprise
Minnesota
$184M +$29.4M 11 0.06% Increased
73
Envestnet Asset Management
Envestnet Asset Management
Illinois
$184M -$37.2M 9 0.08% Reduced
74
Balyasny Asset Management
Balyasny Asset Management
Illinois
$182M +$57.6M 7 0.4% Increased
75
Renaissance Technologies
Renaissance Technologies
New York
$178M -$2.96M 9 0.26% Reduced