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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
76
HSBC Holdings
HSBC Holdings
United Kingdom
$107M -$23.4M 8 0.07% Reduced
77
Stifel Financial
Stifel Financial
Missouri
$107M +$15M 8 0.11% Increased
78
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$106M +$4.83M 11 0.1% Increased
79
Gabelli Funds
Gabelli Funds
New York
$105M +$2.51M 7 0.8% Increased
80
Gates Foundation Trust
Gates Foundation Trust
Washington
$105M $0 1 0.25% Maintained
81
River Road Asset Management
River Road Asset Management
Kentucky
$104M +$2.55M 2 1.42% Increased
82
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$104M -$216M 7 0.01% Reduced
83
Jane Street
Jane Street
New York
$103M -$14.6M 12 0.03% Reduced
84
KBC Group
KBC Group
Belgium
$103M +$44.5M 5 0.32% Increased
85
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$103M +$3.01M 3 0.07% Increased
86
Nordea Investment Management
Nordea Investment Management
Sweden
$99.2M +$53.7M 3 0.1% Increased
87
Citigroup
Citigroup
New York
$98.2M +$854K 11 0.05% Increased
88
Fundsmith Investment Services
Fundsmith Investment Services
Mauritius
$96.9M $0 1 1.37% Maintained
89
Baird Financial Group
Baird Financial Group
Wisconsin
$91.5M +$42.5M 6 0.18% Increased
90
Franklin Resources
Franklin Resources
California
$91.2M -$15.3M 9 0.03% Reduced
91
GRQ
Gardner Russo & Quinn
Pennsylvania
$90.5M -$5.49M 2 1.01% Reduced
92
CIP
Champlain Investment Partners
Vermont
$89.4M -$70.2M 1 0.65% Reduced
93
Two Sigma Advisers
Two Sigma Advisers
New York
$88.5M +$21.7M 7 0.2% Increased
94
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$87.8M -$339M 4 0.08% Reduced
95
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$84M +$33.4M 1 0.18% Increased
96
Two Sigma Investments
Two Sigma Investments
New York
$83.7M +$23.8M 8 0.18% Increased
97
Cambiar Investors
Cambiar Investors
Colorado
$83.2M +$3.16M 2 3.53% Increased
98
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$82.5M -$494K 7 0.1% Reduced
99
Cullen Capital Management
Cullen Capital Management
New York
$82.2M +$7.15M 1 0.95% Increased
100
Federated Hermes
Federated Hermes
Pennsylvania
$81.5M -$2.15M 7 0.18% Reduced