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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
$4.32B +$59.6M 9 0.18% Increased
2
BlackRock
BlackRock
New York
$4.06B +$175M 13 0.2% Increased
3
State Street
State Street
Massachusetts
$2.26B +$31.8M 11 0.2% Increased
4
Capital Research Global Investors
Capital Research Global Investors
California
$1.77B +$568M 1 0.69% Increased
5
Bank of America
Bank of America
North Carolina
$1.65B +$176M 12 0.3% Increased
6
JP Morgan Chase
JP Morgan Chase
New York
$1.2B -$161M 11 0.28% Reduced
7
Wells Fargo
Wells Fargo
California
$1.08B -$89.5M 12 0.37% Reduced
8
Morgan Stanley
Morgan Stanley
New York
$881M -$122M 14 0.24% Reduced
9
Harris Associates
Harris Associates
Illinois
$872M +$227M 2 2.41% Increased
10
Dodge & Cox
Dodge & Cox
California
$863M +$251M 2 0.93% Increased
11
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$759M +$49.2M 8 0.12% Increased
12
Geode Capital Management
Geode Capital Management
Massachusetts
$717M +$4.87M 10 0.19% Increased
13
Northern Trust
Northern Trust
Illinois
$705M -$9.64M 10 0.2% Reduced
14
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$699M +$312M 7 0.77% Increased
15
Invesco
Invesco
Georgia
$697M -$67.3M 10 0.29% Reduced
16
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$682M +$56.8M 6 5.57% Increased
17
Wellington Management Group
Wellington Management Group
Massachusetts
$646M +$241M 5 0.17% Increased
18
UBS Group
UBS Group
Switzerland
$628M -$112M 13 0.3% Reduced
19
KCM
Kensico Capital Management
Connecticut
$586M -$21.5M 1 16.02% Reduced
20
Harding Loevner
Harding Loevner
New Jersey
$586M +$212M 2 3.27% Increased
21
Charles Schwab
Charles Schwab
California
$559M +$368M 7 0.33% Increased
22
Fundsmith LLP
Fundsmith LLP
United Kingdom
$546M +$13.8M 1 3.08% Increased
23
First Eagle Investment Management
First Eagle Investment Management
New York
$543M +$619M 2 1.97% Increased
24
Bank of New York Mellon
Bank of New York Mellon
New York
$514M +$30.9M 10 0.17% Increased
25
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$509M -$26.8M 13 0.27% Reduced