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Energy Efficiency

Efficiency is the cheapest energy there is — insulation, better motors, heat pumps, controls, and lighting that cut consumption instead of adding supply. Building codes and utility rebates create much of the demand.

31 stocks

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
26	AllianceBernstein Nashville, Tennessee	$1.32B	-$200M	14	1.05%	Reduced
27	Wells Fargo San Francisco, California	$1.28B	-$52M	21	0.41%	Reduced
28	Lazard Asset Management New York	$1.07B	+$127M	6	2.02%	Increased
29	Norges Bank Oslo, Norway	$1.05B	+$71.4M	13	0.43%	Increased
30	AQR Capital Management Greenwich, Connecticut	$993M	-$4.37M	11	1.32%	Reduced
31	UBS Group Zurich, Switzerland	$987M	+$47.2M	21	0.54%	Increased
32	Royal Bank of Canada Toronto, Ontario, Canada	$954M	-$12M	20	0.51%	Reduced
33	Deutsche Bank Frankfurt Am Main Ge, Germany	$907M	+$5.24M	21	0.67%	Increased
34	Generation Investment Management London, United Kingdom	$797M	+$282M	2	8.72%	Increased
35	Legal & General Group London, United Kingdom	$794M	+$40.8M	16	0.67%	Increased
36	UBS AM Chicago, Illinois	$787M	+$11M	12	0.8%	Increased
37	Charles Schwab San Francisco, California	$773M	+$44.4M	17	0.77%	Increased
38	Fred Alger Management New York	$698M	-$59.5M	5	3.48%	Reduced
39	Victory Capital Management San Antonio, Texas	$692M	-$107M	12	1.65%	Reduced
40	Fiduciary Management Inc Milwaukee, Wisconsin	$660M	-$1.13M	2	3.82%	Reduced
41	Epoch Investment Partners New York	$657M	+$427M	4	2.19%	Increased
42	Janus Henderson Investors US Denver, Colorado	$651M	-$93.5M	8	0.53%	Reduced
43	New York State Common Retirement Fund Albany, New York	$630M	+$23.5M	16	0.85%	Increased
44	Swiss National Bank Zurich, Switzerland	$612M	+$121M	12	0.76%	Increased
45	Davis Selected Advisers Tucson, Arizona	$606M	-$21.7M	1	2.61%	Reduced
46	Putnam Investments Boston, Massachusetts	$601M	-$39.8M	5	1.41%	Reduced
47	Primecap Management Pasadena, California	$582M	-$1.94M	2	0.53%	Reduced
48	OppenheimerFunds New York	$535M	-$70.9M	12	0.65%	Reduced
49	ACM Atlanta Capital Management Atlanta, Georgia	$519M	+$63.3M	2	3.19%	Increased
50	Boston Partners Boston, Massachusetts	$511M	-$88.2M	4	0.65%	Reduced