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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
$453M -$80.4M 2 0.14% Reduced
27
AKO Capital
AKO Capital
United Kingdom
$445M +$91.9M 2 39.96% Increased
28
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$429M +$25M 14 0.21% Increased
29
Brown Advisory
Brown Advisory
Maryland
$395M -$83M 6 1.35% Reduced
30
APG Asset Management
APG Asset Management
Netherlands
$386M +$11.2M 6 0.71% Increased
31
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$370M -$4.05M 7 0.3% Reduced
32
Citadel Advisors
Citadel Advisors
Florida
$363M +$126M 13 0.33% Increased
33
Legal & General Group
Legal & General Group
United Kingdom
$327M +$42.1M 12 0.28% Increased
34
Fundsmith LLP
Fundsmith LLP
United Kingdom
$316M +$11.3M 1 3.67% Increased
35
UBS AM
UBS AM
Illinois
$309M -$8.8M 9 0.32% Reduced
36
Guggenheim Capital
Guggenheim Capital
Illinois
$309M +$32.4M 10 0.84% Increased
37
Credit Suisse
Credit Suisse
Switzerland
$297M +$33.6M 12 0.27% Increased
38
VOYA Investment Management
VOYA Investment Management
Georgia
$293M -$19.6M 12 0.67% Reduced
39
AQR Capital Management
AQR Capital Management
Connecticut
$284M -$115M 8 0.38% Reduced
40
Swiss National Bank
Swiss National Bank
Switzerland
$280M +$32M 11 0.35% Increased
41
GRQ
Gardner Russo & Quinn
Pennsylvania
$279M +$1.49M 3 2.16% Increased
42
ABI
Abrams Bison Investments
Maryland
$278M +$4.55M 1 46.37% Increased
43
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$274M -$5.93M 16 0.15% Reduced
44
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$271M -$21.2M 8 0.49% Reduced
45
Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt
Sweden
$261M +$37.2M 2 2.34% Increased
46
Charles Schwab
Charles Schwab
California
$255M +$14.2M 12 0.26% Increased
47
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$248M +$5.61M 13 0.33% Increased
48
AllianceBernstein
AllianceBernstein
Tennessee
$234M +$98.6M 12 0.19% Increased
49
Eaton Vance Management
Eaton Vance Management
Massachusetts
$234M +$38.5M 5 0.63% Increased
50
Two Sigma Advisers
Two Sigma Advisers
New York
$228M +$161M 9 0.75% Increased