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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
Flossbach Von Storch
Flossbach Von Storch
Germany
$500M +$32M 3 5.7% Increased
27
Janus Henderson Group
Janus Henderson Group
$485M +$433M 9 0.33% Increased
28
AKO Capital
AKO Capital
United Kingdom
$473M -$34.7M 2 41.9% Reduced
29
Brown Advisory
Brown Advisory
Maryland
$421M -$24.1M 5 1.29% Reduced
30
Capital Research Global Investors
Capital Research Global Investors
California
$402M -$30.4M 2 0.13% Reduced
31
APG Asset Management
APG Asset Management
Netherlands
$384M -$8.58M 6 0.7% Reduced
32
AQR Capital Management
AQR Capital Management
Connecticut
$381M +$78.7M 8 0.5% Increased
33
Legal & General Group
Legal & General Group
United Kingdom
$370M +$24.1M 11 0.3% Increased
34
Fundsmith LLP
Fundsmith LLP
United Kingdom
$369M +$10.9M 1 3.87% Increased
35
Guggenheim Capital
Guggenheim Capital
Illinois
$323M +$4.54M 10 0.86% Increased
36
SAM
Scopus Asset Management
New York
$318M +$74.1M 3 3.42% Increased
37
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$317M +$10.6M 15 0.16% Increased
38
AllianceBernstein
AllianceBernstein
Tennessee
$312M +$55.3M 12 0.24% Increased
39
Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt
Sweden
$311M +$18.4M 2 2.75% Increased
40
VOYA Investment Management
VOYA Investment Management
Georgia
$307M -$23.1M 12 0.69% Reduced
41
Swiss National Bank
Swiss National Bank
Switzerland
$303M +$2.4M 11 0.36% Increased
42
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$303M +$22.5M 8 0.55% Increased
43
UBS AM
UBS AM
Illinois
$300M -$32.8M 9 0.29% Reduced
44
Franklin Resources
Franklin Resources
California
$299M +$195M 7 0.15% Increased
45
GRQ
Gardner Russo & Quinn
Pennsylvania
$293M +$266K 3 2.16% Increased
46
Credit Suisse
Credit Suisse
Switzerland
$283M -$40.1M 13 0.28% Reduced
47
Charles Schwab
Charles Schwab
California
$278M +$10.6M 11 0.26% Increased
48
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$277M +$11.4M 12 0.36% Increased
49
Eaton Vance Management
Eaton Vance Management
Massachusetts
$251M -$11.6M 5 0.66% Reduced
50
Citadel Advisors
Citadel Advisors
Florida
$232M -$151M 11 0.2% Reduced