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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
$6.79B +$58.5M 10 0.17% Increased
2
BlackRock
BlackRock
New York
$6.51B -$68.3M 14 0.18% Reduced
3
State Street
State Street
Massachusetts
$3.27B +$170M 13 0.17% Increased
4
Bank of America
Bank of America
North Carolina
$2.73B +$16.4M 15 0.28% Increased
5
Wellington Management Group
Wellington Management Group
Massachusetts
$2.19B -$170M 4 0.36% Reduced
6
Fidelity Investments
Fidelity Investments
Massachusetts
$2.16B -$40.5M 12 0.17% Reduced
7
Dodge & Cox
Dodge & Cox
California
$1.69B +$6.89M 2 1.11% Increased
8
JP Morgan Chase
JP Morgan Chase
New York
$1.66B -$307M 14 0.2% Reduced
9
Capital International Investors
Capital International Investors
California
$1.48B +$21M 5 0.34% Increased
10
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
$1.42B -$163M 8 0.13% Reduced
11
Capital World Investors
Capital World Investors
California
$1.39B +$253M 1 0.24% Increased
12
Invesco
Invesco
Georgia
$1.28B -$46.3M 10 0.31% Reduced
13
Morgan Stanley
Morgan Stanley
New York
$1.27B +$162M 16 0.17% Increased
14
Wells Fargo
Wells Fargo
California
$1.23B -$171M 15 0.27% Reduced
15
Geode Capital Management
Geode Capital Management
Massachusetts
$1.2B +$43.3M 13 0.17% Increased
16
First Eagle Investment Management
First Eagle Investment Management
New York
$1.1B +$2.07M 4 2.74% Increased
17
Northern Trust
Northern Trust
Illinois
$989M -$57.9M 12 0.17% Reduced
18
Harris Associates
Harris Associates
Illinois
$977M -$84.5M 2 1.56% Reduced
19
Fundsmith LLP
Fundsmith LLP
United Kingdom
$944M +$104M 1 2.62% Increased
20
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$813M +$55.3M 15 0.22% Increased
21
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$807M +$25.3M 13 0.26% Increased
22
Charles Schwab
Charles Schwab
California
$771M -$34.1M 8 0.26% Reduced
23
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$771M -$32.1M 9 0.63% Reduced
24
ClearBridge Investments
ClearBridge Investments
New York
$769M +$37.4M 3 0.54% Increased
25
Fisher Asset Management
Fisher Asset Management
Washington
$767M +$11.4M 4 0.48% Increased