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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
101
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$155M +$22.5M 3 0.26% Increased
102
First Manhattan
First Manhattan
New York
$155M -$17.4M 4 0.89% Reduced
103
Confluence Investment Management
Confluence Investment Management
Missouri
$147M -$1.6M 2 2.59% Reduced
104
SAM
Scopus Asset Management
New York
$144M +$14.6M 1 1.34% Increased
105
Raymond James & Associates
Raymond James & Associates
Florida
$143M +$15.5M 9 0.24% Increased
106
Stifel Financial
Stifel Financial
Missouri
$139M +$19.3M 6 0.43% Increased
107
TCCM
Two Creeks Capital Management
New York
$139M $0 1 7.23% Maintained
108
Capital Research Global Investors
Capital Research Global Investors
California
$138M +$20.3M 1 0.04% Increased
109
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$131M +$5.94M 6 0.26% Increased
110
Marshall Wace North America
Marshall Wace North America
New York
$127M -$103M 2 0.72% Reduced
111
Bank of Montreal
Bank of Montreal
Ontario, Canada
$126M -$18.4M 11 0.1% Reduced
112
Douglass Winthrop Advisors
Douglass Winthrop Advisors
New York
$126M +$3.97M 5 5.64% Increased
113
Citigroup
Citigroup
New York
$125M -$3.69M 10 0.12% Reduced
114
VM
Valinor Management
New York
$124M $0 1 3.89% Maintained
115
MCMC
Matrix Capital Management Company
New Hampshire
$123M $0 1 3.5% Maintained
116
Federated Hermes
Federated Hermes
Pennsylvania
$121M -$2.94M 6 0.36% Reduced
117
Cambiar Investors
Cambiar Investors
Colorado
$117M -$23.1M 2 1.96% Reduced
118
Harding Loevner
Harding Loevner
New Jersey
$115M +$1.22M 1 0.64% Increased
119
Man Group
Man Group
United Kingdom
$115M -$3.1M 5 0.47% Reduced
120
Ninety One (UK)
Ninety One (UK)
United Kingdom
$114M +$14.9M 3 0.57% Increased
121
Aperio Group
Aperio Group
California
$109M -$69.6K 10 0.52% Reduced
122
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$109M +$31.8M 6 0.16% Increased
123
APG Asset Management
APG Asset Management
Netherlands
$108M +$13.7M 5 0.2% Increased
124
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$108M +$2.69M 6 0.23% Increased
125
HL Financial Services
HL Financial Services
Kentucky
$108M +$59.6M 5 1.87% Increased