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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
$602M +$30.1M 17 0.11% Increased
27
Wells Fargo
Wells Fargo
California
$586M -$61.9M 16 0.19% Reduced
28
Deutsche Bank
Deutsche Bank
Germany
$569M +$149M 14 0.4% Increased
29
TIAA CREF Investment Management
TIAA CREF Investment Management
New York
$551M +$9.25M 12 0.44% Increased
30
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$542M +$31.2M 15 0.26% Increased
31
IVAV
Index Venture Associates V
Jersey
$502M $0 1 95.57% Maintained
32
Edgewood Management
Edgewood Management
Connecticut
$494M +$516M 1 2.03% New
33
APG Asset Management
APG Asset Management
Netherlands
$452M -$98.6M 5 0.92% Reduced
34
Fidelity International
Fidelity International
Bermuda
$443M +$48.4M 10 0.79% Increased
35
AKO Capital
AKO Capital
United Kingdom
$440M +$5.75M 2 19.85% Increased
36
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$440M +$58.5M 8 0.98% Increased
37
VP
Vitruvian Partners
United Kingdom
$390M +$478M 1 90.12% New
38
Brown Advisory
Brown Advisory
Maryland
$378M +$46.3M 7 1.27% Increased
39
Legal & General Group
Legal & General Group
United Kingdom
$375M +$28.2M 13 0.29% Increased
40
AllianceBernstein
AllianceBernstein
Tennessee
$349M +$30.2M 13 0.26% Increased
41
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$342M +$8.75M 7 0.31% Increased
42
Charles Schwab
Charles Schwab
California
$341M -$3.64M 11 0.26% Reduced
43
UBS AM
UBS AM
Illinois
$329M +$10.1M 13 0.28% Increased
44
UBS Group
UBS Group
Switzerland
$320M +$205M 18 0.15% Increased
45
GRQ
Gardner Russo & Quinn
Pennsylvania
$315M -$8.17M 3 2.62% Reduced
46
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$305M +$14.8M 14 0.44% Increased
47
Swiss National Bank
Swiss National Bank
Switzerland
$303M +$4.34M 12 0.39% Increased
48
Acadian Asset Management
Acadian Asset Management
Massachusetts
$276M -$77.1M 7 1.37% Reduced
49
Millennium Management
Millennium Management
New York
$273M -$25.4M 12 0.42% Reduced
50
D.E. Shaw & Co
D.E. Shaw & Co
New York
$267M +$37.3M 9 0.37% Increased