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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	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.21B	+$115M	21	0.77%	Increased
27	American Century Companies Kansas City, Missouri	$1.19B	-$173M	10	1.19%	Reduced
28	Janus Henderson Group London,	$1.17B	+$20.9M	8	0.71%	Increased
29	Royal Bank of Canada Toronto, Ontario, Canada	$1.02B	-$159M	21	0.45%	Reduced
30	Norges Bank Oslo, Norway	$1.01B	-$27.5M	13	0.36%	Reduced
31	UBS Group Zurich, Switzerland	$1.01B	+$85.5M	21	0.42%	Increased
32	Lazard Asset Management New York	$1B	-$2.78M	6	1.71%	Reduced
33	AllianceBernstein Nashville, Tennessee	$997M	-$321M	15	0.71%	Reduced
34	Generation Investment Management London, United Kingdom	$980M	+$63.1M	2	9.5%	Increased
35	Legal & General Group London, United Kingdom	$950M	+$1.49M	17	0.69%	Increased
36	UBS AM Chicago, Illinois	$937M	-$101M	13	0.79%	Reduced
37	AQR Capital Management Greenwich, Connecticut	$912M	-$20.3M	12	0.96%	Reduced
38	Charles Schwab San Francisco, California	$907M	+$4.36M	17	0.72%	Increased
39	Principal Financial Group Des Moines, Iowa	$746M	-$8.06M	13	0.69%	Reduced
40	New York State Common Retirement Fund Albany, New York	$738M	+$11.2M	18	0.89%	Increased
41	Fiduciary Management Inc Milwaukee, Wisconsin	$734M	-$58.7M	2	4.51%	Reduced
42	Swiss National Bank Zurich, Switzerland	$734M	+$17.3M	13	0.79%	Increased
43	Davis Selected Advisers Tucson, Arizona	$653M	+$152M	1	2.78%	Increased
44	Prudential Financial Newark, New Jersey	$649M	+$22.6M	14	0.88%	Increased
45	ACM Atlanta Capital Management Atlanta, Georgia	$641M	+$55.6M	2	3.37%	Increased
46	Bank of Montreal Toronto, Ontario, Canada	$639M	+$45M	14	0.55%	Increased
47	Epoch Investment Partners New York	$635M	-$8.79M	4	2.1%	Reduced
48	Allianz Asset Management Munich, Germany	$629M	+$135M	11	0.49%	Increased
49	Victory Capital Management San Antonio, Texas	$622M	+$72.3M	12	1.31%	Increased
50	Amundi Asset Management US Boston, Massachusetts	$612M	+$333M	11	0.94%	Increased