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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
AQR Capital Management
AQR Capital Management
Connecticut
$600M +$127M 8 0.63% Increased
27
AIG
American International Group
New York
$572M +$489M 11 1.88% Increased
28
Renaissance Technologies
Renaissance Technologies
New York
$527M +$197M 12 0.58% Increased
29
Deutsche Bank
Deutsche Bank
Germany
$523M -$78.5M 15 0.34% Reduced
30
AKO Capital
AKO Capital
United Kingdom
$517M +$36.1K 2 40.14% Increased
31
Select Equity Group
Select Equity Group
New York
$503M -$150M 1 4.01% Reduced
32
APG Asset Management
APG Asset Management
Netherlands
$490M -$17.5M 6 0.9% Reduced
33
Fundsmith LLP
Fundsmith LLP
United Kingdom
$489M $0 1 4.19% Maintained
34
Brown Advisory
Brown Advisory
Maryland
$467M -$43.8M 5 1.48% Reduced
35
Legal & General Group
Legal & General Group
United Kingdom
$454M -$6.23M 12 0.33% Reduced
36
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$433M +$13.5M 16 0.19% Increased
37
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$422M +$14.8M 9 0.69% Increased
38
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$421M +$303M 8 1.01% Increased
39
Capital Research Global Investors
Capital Research Global Investors
California
$412M +$26.4K 2 0.12% Increased
40
AB
Atlas Brown
Kentucky
$404M +$9.92K 2 72.03% Increased
41
GRQ
Gardner Russo & Quinn
Pennsylvania
$393M -$9.8M 4 2.71% Reduced
42
Guggenheim Capital
Guggenheim Capital
Illinois
$392M +$21M 11 0.93% Increased
43
Charles Schwab
Charles Schwab
California
$391M +$22.7M 11 0.31% Increased
44
Swiss National Bank
Swiss National Bank
Switzerland
$373M -$7.46M 12 0.4% Reduced
45
Credit Suisse
Credit Suisse
Switzerland
$371M +$13.3M 13 0.33% Increased
46
Millennium Management
Millennium Management
New York
$364M +$65.1M 13 0.5% Increased
47
VOYA Investment Management
VOYA Investment Management
Georgia
$360M +$50.4M 12 0.75% Increased
48
Allianz Asset Management
Allianz Asset Management
Germany
$351M +$31.3M 10 0.28% Increased
49
Acadian Asset Management
Acadian Asset Management
Massachusetts
$349M +$119M 8 1.51% Increased
50
UBS AM
UBS AM
Illinois
$339M -$35.7M 10 0.29% Reduced