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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
1
Vanguard Group
Vanguard Group
Pennsylvania
$3.58B +$114M 8 0.24% Increased
2
Fidelity Investments
Fidelity Investments
Massachusetts
$2.45B +$250M 8 0.31% Increased
3
State Street
State Street
Massachusetts
$2.11B -$108M 6 0.22% Reduced
4
JP Morgan Chase
JP Morgan Chase
New York
$1.95B -$70.8M 8 0.44% Reduced
5
Wells Fargo
Wells Fargo
California
$1.54B -$58.7M 11 0.6% Reduced
6
BlackRock Institutional Trust
BlackRock Institutional Trust
California
$1.33B +$60.7M 8 0.21% Increased
7
Wellington Management Group
Wellington Management Group
Massachusetts
$1.25B -$174M 4 0.32% Reduced
8
Bank of America
Bank of America
North Carolina
$1.11B +$58.5M 12 0.37% Increased
9
Vontobel Asset Management
Vontobel Asset Management
New York
$1.1B +$193M 2 8.36% Increased
10
Lazard Asset Management
Lazard Asset Management
New York
$1.08B +$23M 5 2.32% Increased
11
GRQ
Gardner Russo & Quinn
Pennsylvania
$981M +$10.9M 4 8.81% Increased
12
Morgan Stanley
Morgan Stanley
New York
$829M +$128M 12 0.31% Increased
13
Harris Associates
Harris Associates
Illinois
$824M +$8.27M 1 1.3% Increased
14
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$790M -$98.5M 4 1.1% Reduced
15
BlackRock Fund Advisors
BlackRock Fund Advisors
California
$784M -$11M 6 0.19% Reduced
16
KCM
Kensico Capital Management
Connecticut
$783M -$19.5M 1 15.48% Reduced
17
Bank of New York Mellon
Bank of New York Mellon
New York
$774M -$56.7M 9 0.2% Reduced
18
Invesco
Invesco
Georgia
$766M +$32.8M 9 0.3% Increased
19
OppenheimerFunds
OppenheimerFunds
New York
$748M +$107M 6 0.84% Increased
20
Northern Trust
Northern Trust
Illinois
$716M +$6.73M 10 0.22% Increased
21
Soroban Capital Partners
Soroban Capital Partners
New York
$712M -$179M 1 6.65% Reduced
22
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$653M +$14.3M 5 0.33% Increased
23
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$650M -$19.3M 1 2.41% Reduced
24
Managed Account Advisors
Managed Account Advisors
New Jersey
$631M +$87.5M 7 0.55% Increased
25
YCMGA
York Capital Management Global Advisors
New York
$606M +$200M 2 4.16% Increased