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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
151
CI Investments Inc
CI Investments Inc
Ontario, Canada
$88.6M +$20.3M 2 0.86% Increased
152
Federated Hermes
Federated Hermes
Pennsylvania
$87.3M -$7.6M 7 0.25% Reduced
153
Brandywine Global Investment Management
Brandywine Global Investment Management
Pennsylvania
$87.2M +$81.3M 3 0.55% Increased
154
LT
Lindsell Train
United Kingdom
$86.7M +$8.78M 1 2.92% Increased
155
Aperio Group
Aperio Group
California
$85.9M +$10.3M 10 0.49% Increased
156
APG Asset Management
APG Asset Management
Netherlands
$84.2M +$4.17M 2 0.14% Increased
157
CBT
Capital Bank & Trust
California
$82.9M +$1.26M 3 1.06% Increased
158
Barclays
Barclays
United Kingdom
$82.4M -$6.49M 9 0.09% Reduced
159
UBS O'Connor
UBS O'Connor
Illinois
$80.9M -$50.2M 2 1.18% Reduced
160
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$80.5M -$705K 3 0.41% Reduced
161
Madison Investment Holdings
Madison Investment Holdings
Wisconsin
$78.6M -$16.1M 2 1.4% Reduced
162
ProShare Advisors
ProShare Advisors
Maryland
$77.5M +$147K 3 0.71% Increased
163
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$76.2M +$49.2M 4 0.3% Increased
164
SEI Investments
SEI Investments
Pennsylvania
$74.1M +$7.02M 9 0.26% Increased
165
Cullen Capital Management
Cullen Capital Management
New York
$74.1M $0 2 2.58% Maintained
166
NI
Nuance Investments
Missouri
$73.8M -$9.15M 2 5.12% Reduced
167
Baird Financial Group
Baird Financial Group
Wisconsin
$73.4M -$4.04M 6 0.55% Reduced
168
Capital Research Global Investors
Capital Research Global Investors
California
$73.1M $0 1 0.02% Maintained
169
HT
HAP Trading
New York
$72.9M +$49.2M 3 3.46% Increased
170
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$71.2M +$15.3M 6 0.15% Increased
171
HSBC Holdings
HSBC Holdings
United Kingdom
$71M -$9.33M 6 0.11% Reduced
172
AIM
Allen Investment Management
New York
$70.7M +$3.95M 3 3.22% Increased
173
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$70.4M -$4.57M 4 0.21% Reduced
174
Cooke & Bieler
Cooke & Bieler
Pennsylvania
$66.4M -$13.7M 1 1.23% Reduced
175
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$65.6M +$2.18M 7 0.47% Increased