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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	% of Portfolio	Status
1301	PIA Philadelphia International Advisors Philadelphia, Pennsylvania	$0	-$115K	–	Closed
1302	Prospera Financial Services Dallas, Texas	$0	-$225K	–	Closed
1303	SFP Santa Fe Partners Santa Fe, New Mexico	$0	-$3.22M	–	Closed
1304	SCM Scout Capital Management New York	$0	-$731M	–	Closed
1305	Segall Bryant & Hamill Chicago, Illinois	$0	-$500K	–	Closed
1306	Select Equity Group New York	$0	-$7.61M	–	Closed
1307	SAM Serengeti Asset Management New York	$0	-$9.15M	–	Closed
1308	SKK Shepherd Kaplan Krochuk Boston, Massachusetts	$0	-$115K	–	Closed
1309	SCM Sigma Capital Management Stamford, Connecticut	$0	-$8.03M	–	Closed
1310	SignatureFD Atlanta, Georgia	$0	-$12K	–	Closed
1311	SHWM Smith & Howard Wealth Management Atlanta, Georgia	$0	-$1K	–	Closed
1312	SGC South Georgia Capital Naperville, Illinois	$0	-$4K	–	Closed
1313	SIM Sprucegrove Investment Management Toronto, Ontario, Canada	$0	-$1.97M	–	Closed
1314	SAM Symphony Asset Management San Francisco, California	$0	-$377K	–	Closed
1315	TC TFS Capital West Chester, Pennsylvania	$0	-$212K	–	Closed
1316	T TradeWorx Red Bank, New Jersey	$0	-$1.39M	–	Closed
1317	UBS O'Connor Chicago, Illinois	$0	-$1.76M	–	Closed