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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
Invesco
Invesco
Georgia
$731M -$74.7M 14 0.23% Reduced
27
TIAA CREF Investment Management
TIAA CREF Investment Management
New York
$727M +$13M 12 0.47% Increased
28
Bank of America
Bank of America
North Carolina
$726M -$87.6M 16 0.11% Reduced
29
Morgan Stanley
Morgan Stanley
New York
$686M +$86.6M 16 0.17% Increased
30
APG Asset Management
APG Asset Management
Netherlands
$678M +$6.57M 5 1.19% Increased
31
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$611M +$50.8M 15 0.25% Increased
32
AIG
American International Group
New York
$601M -$22.5M 11 1.99% Reduced
33
Deutsche Bank
Deutsche Bank
Germany
$597M -$114M 17 0.3% Reduced
34
Fidelity International
Fidelity International
Bermuda
$586M +$13.7M 10 0.87% Increased
35
AKO Capital
AKO Capital
United Kingdom
$572M -$33.9M 2 29.19% Reduced
36
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$529M +$66.1M 9 0.98% Increased
37
Capital Research Global Investors
Capital Research Global Investors
California
$512M +$46.1M 3 0.15% Increased
38
Charles Schwab
Charles Schwab
California
$476M +$4.77M 11 0.32% Increased
39
AllianceBernstein
AllianceBernstein
Tennessee
$469M +$24.2M 14 0.31% Increased
40
Legal & General Group
Legal & General Group
United Kingdom
$448M +$14.1M 12 0.32% Increased
41
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$431M +$31.9M 9 0.57% Increased
42
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$405M -$230M 5 0.91% Reduced
43
UBS AM
UBS AM
Illinois
$404M -$11.3M 12 0.3% Reduced
44
Millennium Management
Millennium Management
New York
$401M -$95M 11 0.49% Reduced
45
Acadian Asset Management
Acadian Asset Management
Massachusetts
$395M -$108M 7 1.63% Reduced
46
Swiss National Bank
Swiss National Bank
Switzerland
$392M -$4.53M 12 0.44% Reduced
47
Panagora Asset Management
Panagora Asset Management
Massachusetts
$389M -$4.58M 10 1.46% Reduced
48
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$383M +$31.9M 14 0.45% Increased
49
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$379M -$30.1M 9 0.65% Reduced
50
Brown Advisory
Brown Advisory
Maryland
$373M +$3.69M 7 1.06% Increased