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Luxury & Affluent Consumer

Luxury sells scarcity and heritage rather than utility, which lets prices rise faster than costs. Demand concentrates in a narrow band of very wealthy customers and in a few travelling nationalities.

40 stocks

# Name Holding Trade Value Theme
Stocks
% of
Portfolio
Status
226
Kovitz Investment Group
Kovitz Investment Group
Illinois
$46.1M +$1.98M 1 2.1% Increased
227
British Columbia Investment Management
British Columbia Investment Management
British Columbia, Canada
$45.5M +$10.5M 7 0.36% Increased
228
Absolute Return Capital
Absolute Return Capital
Massachusetts
$45.2M -$29.7M 4 0.5% Reduced
229
Compagnie Lombard Odier SCmA
Compagnie Lombard Odier SCmA
Switzerland
$44.7M +$43M 6 1.88% New
230
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$43.9M -$1.25M 4 0.11% Reduced
231
Marathon Asset Management (UK)
Marathon Asset Management (UK)
United Kingdom
$43.7M -$14.2M 1 1.07% Reduced
232
Comerica Bank
Comerica Bank
Texas
$43.5M -$1.45M 9 0.34% Reduced
233
EARNEST Partners
EARNEST Partners
Georgia
$43.3M +$41.7M 1 0.35% New
234
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$43.1M +$11.6M 8 0.26% Increased
235
Ignis Investment Services
Ignis Investment Services
United Kingdom
$43M +$41.4M 1 1.48% New
236
Becker Capital Management
Becker Capital Management
Oregon
$43M +$6.54M 1 1.76% Increased
237
Texas Permanent School Fund
Texas Permanent School Fund
Texas
$42.8M +$4.42M 9 0.42% Increased
238
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$42.8M -$9.5M 6 0.23% Reduced
239
United Services Automobile Association
United Services Automobile Association
Texas
$42.3M -$14M 7 0.17% Reduced
240
Numeric Investors
Numeric Investors
Massachusetts
$41.9M -$19.5M 2 0.7% Reduced
241
KBC Group
KBC Group
Belgium
$41.9M +$247K 6 0.63% Increased
242
Nomura Holdings
Nomura Holdings
Japan
$41.8M +$3.36M 5 0.19% Increased
243
Westwood Holdings Group
Westwood Holdings Group
Texas
$41.5M -$3.7M 1 0.32% Reduced
244
Logan Capital Management
Logan Capital Management
Pennsylvania
$41.4M -$4.09M 3 2.94% Reduced
245
TAM
Tiverton Asset Management
Delaware
$41M $0 1 0.91% Maintained
246
Mason Street Advisors
Mason Street Advisors
Wisconsin
$41M +$4.03M 11 0.33% Increased
247
Markel Group
Markel Group
Virginia
$39.4M $0 2 1.25% Maintained
248
TCW Group
TCW Group
California
$39.1M +$16M 5 0.16% Increased
249
Pensioenfonds Rail & OV
Pensioenfonds Rail & OV
Netherlands
$38.3M -$17.6M 1 1.61% Reduced
250
AMP Capital Investors
AMP Capital Investors
Australia
$38.3M +$9.6M 5 0.27% Increased