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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	Norges Bank Oslo, Norway	$3.48B	-$87.2M	12	0.44%	Reduced
27	Royal Bank of Canada Toronto, Ontario, Canada	$3.46B	+$319M	22	0.62%	Increased
28	Goldman Sachs New York	$3.22B	+$123M	20	0.44%	Increased
29	Charles Schwab San Francisco, California	$2.87B	+$13.8M	20	0.5%	Increased
30	Legal & General Group London, United Kingdom	$2.8B	-$2.34M	20	0.7%	Reduced
31	Barclays London, United Kingdom	$2.62B	-$1.51B	20	0.6%	Reduced
32	T. Rowe Price Associates Baltimore, Maryland	$2.23B	+$84.3M	20	0.25%	Increased
33	Raymond James Financial St Petersburg, Florida	$2.11B	-$23M	22	0.72%	Reduced
34	Pictet Asset Management Carouge, Switzerland	$2.02B	+$48.3M	13	2.05%	Increased
35	Nordea Investment Management Stockholm, Sweden	$1.66B	+$674M	8	1.54%	Increased
36	Amundi Paris, France	$1.63B	+$116M	12	0.56%	Increased
37	Wells Fargo San Francisco, California	$1.62B	-$41.3M	21	0.34%	Reduced
38	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.61B	+$70.4M	20	0.59%	Increased
39	DZ Bank Frankfurt Am Main, Germany	$1.56B	+$711M	7	1.56%	Increased
40	AllianceBernstein Nashville, Tennessee	$1.42B	+$49.7M	20	0.46%	Increased
41	First Trust Advisors Wheaton, Illinois	$1.36B	-$34.4M	16	1.09%	Reduced
42	Qube Research & Technologies (QRT) London, United Kingdom	$1.32B	+$509M	11	1.34%	Increased
43	Swiss National Bank Zurich, Switzerland	$1.3B	+$66.1M	17	0.78%	Increased
44	ClearBridge Investments New York	$1.3B	-$7.82M	7	1.05%	Reduced
45	Principal Financial Group Des Moines, Iowa	$1.18B	-$98.1M	15	0.62%	Reduced
46	Victory Capital Management San Antonio, Texas	$1.17B	-$179M	19	0.75%	Reduced
47	Boston Partners Boston, Massachusetts	$1.14B	+$191M	7	1.27%	Increased
48	Schroder Investment Management Group London, United Kingdom	$1.11B	+$55.4M	10	0.94%	Increased
49	AQR Capital Management Greenwich, Connecticut	$1.1B	+$36.9M	18	0.91%	Increased
50	American Century Companies Kansas City, Missouri	$1.08B	-$32.1M	19	0.58%	Reduced