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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
26
BlackRock Group
BlackRock Group
United Kingdom
$565M -$8.69M 10 0.32% Reduced
27
Geode Capital Management
Geode Capital Management
Massachusetts
$561M -$323K 12 0.36% Reduced
28
Capital World Investors
Capital World Investors
California
$553M +$97.4M 1 0.15% Increased
29
Harris Associates
Harris Associates
Illinois
$551M +$241M 1 0.93% Increased
30
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$541M +$17.2M 11 0.69% Increased
31
Artisan Partners
Artisan Partners
Wisconsin
$537M +$55.1M 4 0.93% Increased
32
MC
Montag & Caldwell
Georgia
$476M -$129M 3 4.27% Reduced
33
Invesco
Invesco
Georgia
$433M +$2.32M 11 0.17% Increased
34
Deutsche Bank
Deutsche Bank
Germany
$427M +$46.8M 12 0.29% Increased
35
VOYA Investment Management
VOYA Investment Management
Georgia
$426M -$27.4M 10 0.98% Reduced
36
Viking Global Investors
Viking Global Investors
Connecticut
$404M -$207M 2 1.76% Reduced
37
Managed Account Advisors
Managed Account Advisors
New Jersey
$403M -$68.8M 8 0.48% Reduced
38
Ontario Teachers' Pension Plan Board
Ontario Teachers' Pension Plan Board
Ontario, Canada
$384M +$159K 5 3.06% Increased
39
Credit Suisse
Credit Suisse
Switzerland
$380M +$63M 11 0.31% Increased
40
BCPEM
Bain Capital Public Equity Management
Massachusetts
$380M +$373M 3 9.21% New
41
CCI
Columbus Circle Investors
$354M -$50.2M 5 2.42% Reduced
42
Neuberger Berman Group
Neuberger Berman Group
New York
$351M -$113M 7 0.34% Reduced
43
BP
BBR Partners
New York
$348M $0 2 53.46% Maintained
44
abrdn Investment Management
abrdn Investment Management
United Kingdom
$328M +$24.6M 6 1.46% Increased
45
Winslow Capital Management
Winslow Capital Management
Minnesota
$326M +$45.1M 1 0.99% Increased
46
Allianz Asset Management
Allianz Asset Management
Germany
$325M +$3.48M 7 0.41% Increased
47
Putnam Investments
Putnam Investments
Massachusetts
$313M -$35.1M 6 0.67% Reduced
48
OppenheimerFunds
OppenheimerFunds
New York
$310M -$12.9M 3 0.34% Reduced
49
HSBC Holdings
HSBC Holdings
United Kingdom
$305M -$6.03M 7 0.66% Reduced
50
GRQ
Gardner Russo & Quinn
Pennsylvania
$304M -$2.78M 2 2.81% Reduced