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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
Bank of America
Bank of America
North Carolina
$525M -$27.1M 13 0.12% Reduced
27
Artisan Partners
Artisan Partners
Wisconsin
$478M -$22.1M 2 0.94% Reduced
28
Capital World Investors
Capital World Investors
California
$463M +$16.6M 2 0.13% Increased
29
JP Morgan Chase
JP Morgan Chase
New York
$457M -$64.6M 13 0.11% Reduced
30
UBS AM
UBS AM
Illinois
$441M +$11.6M 11 0.5% Increased
31
Invesco
Invesco
Georgia
$441M +$29.5M 11 0.18% Increased
32
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$412M +$37.4M 7 0.85% Increased
33
Point72 Asset Management
Point72 Asset Management
Connecticut
$411M +$255M 5 3.39% Increased
34
Franklin Resources
Franklin Resources
California
$394M -$21.2M 6 0.2% Reduced
35
AIG
American International Group
New York
$378M +$42.5M 14 1.55% Increased
36
BP
BBR Partners
New York
$365M -$121M 2 56.14% Reduced
37
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$360M +$54.3M 8 0.31% Increased
38
GC
Greenlight Capital
New York
$360M +$79.6M 1 6.57% Increased
39
Flossbach Von Storch
Flossbach Von Storch
Germany
$355M -$9.78M 2 6.05% Reduced
40
AQR Capital Management
AQR Capital Management
Connecticut
$331M +$18.5M 10 0.58% Increased
41
GRQ
Gardner Russo & Quinn
Pennsylvania
$329M -$9.45M 2 2.82% Reduced
42
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$311M +$9.64M 13 0.19% Increased
43
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$290M -$11M 13 0.34% Reduced
44
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$288M -$24.5M 6 0.47% Reduced
45
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$287M +$43.9M 2 0.15% Increased
46
Renaissance Technologies
Renaissance Technologies
New York
$282M +$4.9M 10 0.61% Increased
47
Principal Financial Group
Principal Financial Group
Iowa
$279M -$3.62M 11 0.41% Reduced
48
Putnam Investments
Putnam Investments
Massachusetts
$270M -$37.4M 7 0.61% Reduced
49
Citadel Advisors
Citadel Advisors
Florida
$266M -$197M 12 0.29% Reduced
50
Neuberger Berman Group
Neuberger Berman Group
New York
$260M +$64.2M 5 0.34% Increased