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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
1926	SMFS Squar Milner Financial Services Irvine, California	$0	-$506K	–	Closed
1927	SICM Sustainable Insight Capital Management New York	$0	-$3.17M	–	Closed
1928	TA TCG Advisors Austin, Texas	$0	-$83K	–	Closed
1929	TEE Tibra Equities Europe London, United Kingdom	$0	-$4.99M	–	Closed
1930	TM Titan Managers Scottsdale, Arizona	$0	-$5K	–	Closed
1931	TP Tranquility Partners Brentwood, Tennessee	$0	-$324K	–	Closed
1932	TFA Transamerica Financial Advisors St. Petersburg, Florida	$0	-$292K	–	Closed
1933	TNBTD Trustmark National Bank Trust Department Jackson, Mississippi	$0	-$49K	–	Closed
1934	TCM Twin Capital Management Mcmurray, Pennsylvania	$0	-$525K	–	Closed
1935	UAS United Asset Strategies Garden City, New York	$0	-$2.63M	–	Closed
1936	USGIU U.S. Global Investors (USGI) San Antonio, Texas	$0	-$432K	–	Closed
1937	USS Investment Management London, United Kingdom	$0	-$139M	–	Closed
1938	Verition Fund Management Greenwich, Connecticut	$0	-$27.1M	–	Closed
1939	VAG VisionPoint Advisory Group Dallas, Texas	$0	-$365K	–	Closed
1940	Voleon Capital Management Berkeley, California	$0	-$3.92M	–	Closed
1941	WC Walthausen & Co Malta, New York	$0	-$11.5M	–	Closed
1942	W WealthStone Columbus, Ohio	$0	-$864K	–	Closed
1943	WC Wexford Capital West Palm Beach, Florida	$0	-$13.9M	–	Closed
1944	WRM Weybosset Research & Management Province, Rhode Island	$0	-$354K	–	Closed
1945	WFM Wolff Financial Management Kalamazoo, Michigan	$0	-$224K	–	Closed
1946	Wolverine Asset Management Chicago, Illinois	$0	-$153K	–	Closed
1947	ZCM Zebra Capital Management Stamford, Connecticut	$0	-$346K	–	Closed