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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
Capital Research Global Investors
Capital Research Global Investors
California
$540M -$79.7M 1 0.18% Reduced
27
BlackRock Group
BlackRock Group
United Kingdom
$502M -$27.7M 12 0.27% Reduced
28
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$499M +$65.6M 5 0.71% Increased
29
BP
BBR Partners
New York
$490M -$71.4K 2 60.64% Reduced
30
Citadel Advisors
Citadel Advisors
Florida
$465M -$121M 12 0.4% Reduced
31
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$457M +$179M 12 0.55% Increased
32
Franklin Resources
Franklin Resources
California
$452M +$214M 6 0.21% Increased
33
Ameriprise
Ameriprise
Minnesota
$450M -$242M 11 0.26% Reduced
34
Invesco
Invesco
Georgia
$446M -$67.9M 11 0.17% Reduced
35
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$398M +$81.1M 5 0.78% Increased
36
WP
Wedgewood Partners
Missouri
$379M +$19.3M 1 5.07% Increased
37
Flossbach Von Storch
Flossbach Von Storch
Germany
$362M +$161M 2 7% Increased
38
VOYA Investment Management
VOYA Investment Management
Georgia
$359M -$17.6M 11 0.82% Reduced
39
AIG
American International Group
New York
$357M +$17.5M 12 1.43% Increased
40
GRQ
Gardner Russo & Quinn
Pennsylvania
$355M -$4.04M 2 3.12% Reduced
41
HSBC Holdings
HSBC Holdings
United Kingdom
$348M +$63.1M 8 0.71% Increased
42
Putnam Investments
Putnam Investments
Massachusetts
$338M -$286M 8 0.68% Reduced
43
Credit Suisse
Credit Suisse
Switzerland
$334M +$65.1M 12 0.32% Increased
44
Select Equity Group
Select Equity Group
New York
$332M +$3.25M 1 3.03% Increased
45
Principal Financial Group
Principal Financial Group
Iowa
$313M +$194M 9 0.47% Increased
46
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$312M +$24.3M 13 0.19% Increased
47
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$307M -$10.9M 12 0.34% Reduced
48
Neuberger Berman Group
Neuberger Berman Group
New York
$305M -$33.2M 5 0.34% Reduced
49
Bank of America
Bank of America
North Carolina
$283M +$44.3M 12 0.09% Increased
50
BCPEM
Bain Capital Public Equity Management
Massachusetts
$268M -$150M 1 6.95% Reduced