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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
$529M -$35.2M 13 0.13% Reduced
27
Wells Fargo
Wells Fargo
California
$520M -$63.9M 14 0.21% Reduced
28
AIG
American International Group
New York
$492M +$29.6M 14 1.92% Increased
29
UBS AM
UBS AM
Illinois
$480M +$7.34M 11 0.56% Increased
30
AllianceBernstein
AllianceBernstein
Tennessee
$472M -$135M 12 0.4% Reduced
31
Flossbach Von Storch
Flossbach Von Storch
Germany
$470M -$25.7M 2 7.49% Reduced
32
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$445M -$38.8M 7 0.92% Reduced
33
Franklin Resources
Franklin Resources
California
$440M -$71.5M 6 0.23% Reduced
34
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$429M +$51.6M 8 0.37% Increased
35
Capital World Investors
Capital World Investors
California
$420M -$13.3M 2 0.12% Reduced
36
VOYA Investment Management
VOYA Investment Management
Georgia
$394M +$227M 12 0.98% Increased
37
GC
Greenlight Capital
New York
$384M -$110M 1 6.52% Reduced
38
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$355M +$16M 13 0.21% Increased
39
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$345M +$34.8M 2 0.18% Increased
40
Jennison Associates
Jennison Associates
New York
$331M +$61.9M 2 0.35% Increased
41
AQR Capital Management
AQR Capital Management
Connecticut
$318M -$57.7M 11 0.57% Reduced
42
GRQ
Gardner Russo & Quinn
Pennsylvania
$317M -$3.48M 2 2.68% Reduced
43
Artisan Partners
Artisan Partners
Wisconsin
$315M -$172M 2 0.66% Reduced
44
Putnam Investments
Putnam Investments
Massachusetts
$302M +$1.12M 7 0.72% Increased
45
Renaissance Technologies
Renaissance Technologies
New York
$300M +$504K 12 0.57% Increased
46
BP
BBR Partners
New York
$292M -$61.1M 2 49.84% Reduced
47
JP Morgan Chase
JP Morgan Chase
New York
$284M -$172M 13 0.07% Reduced
48
Credit Suisse
Credit Suisse
Switzerland
$274M +$14.3M 13 0.33% Increased
49
AL
AJO LP
Pennsylvania
$273M +$62.5M 3 1.18% Increased
50
Fred Alger Management
Fred Alger Management
New York
$265M +$33.5M 5 1.34% Increased