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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
AllianceBernstein
AllianceBernstein
Tennessee
$147M +$30M 6 0.07% Increased
102
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$144M -$1.8M 8 0.2% Reduced
103
Confluence Investment Management
Confluence Investment Management
Missouri
$139M -$3.09M 1 2.06% Reduced
104
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$139M -$2.81M 11 0.14% Reduced
105
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$136M +$22.3M 5 0.19% Increased
106
AQR Capital Management
AQR Capital Management
Connecticut
$136M -$11.6M 7 0.24% Reduced
107
Fayez Sarofim & Co
Fayez Sarofim & Co
Texas
$135M -$1.15M 3 0.52% Reduced
108
Jarislowsky, Fraser Ltd
Jarislowsky, Fraser Ltd
Quebec, Canada
$133M -$57.2M 5 0.68% Reduced
109
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$133M +$1.66M 6 0.19% Increased
110
Citigroup
Citigroup
New York
$129M -$24.3M 11 0.08% Reduced
111
Aperio Group
Aperio Group
California
$128M -$3.46M 10 0.38% Reduced
112
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$123M -$60.2M 2 0.33% Reduced
113
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$122M +$20.7M 3 0.35% Increased
114
VanEck Associates
VanEck Associates
New York
$119M +$9.32M 3 0.35% Increased
115
ProShare Advisors
ProShare Advisors
Maryland
$119M +$475K 4 0.44% Increased
116
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$117M -$36.4M 10 0.22% Reduced
117
Barclays
Barclays
United Kingdom
$115M +$2.44M 8 0.06% Increased
118
HMP
HS Management Partners
New York
$110M -$10.9M 1 3.38% Reduced
119
Thompson Siegel & Walmsley
Thompson Siegel & Walmsley
Virginia
$108M -$7.03M 3 1.74% Reduced
120
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$108M +$15.9M 6 0.52% Increased
121
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$108M +$5.68M 7 0.35% Increased
122
Man Group
Man Group
United Kingdom
$107M -$15.1M 4 0.47% Reduced
123
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$107M +$1.48M 6 0.25% Increased
124
Davidson Kempner Capital Management
Davidson Kempner Capital Management
New York
$107M +$95.7M 1 1.25% New
125
TCCM
Two Creeks Capital Management
New York
$106M -$10.7M 1 5.79% Reduced