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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
Wells Fargo
Wells Fargo
California
$760M +$39.3M 17 0.22% Increased
27
American Century Companies
American Century Companies
Missouri
$722M -$80.5M 6 0.72% Reduced
28
AKO Capital
AKO Capital
United Kingdom
$700M -$33M 2 17.79% Reduced
29
Ameriprise
Ameriprise
Minnesota
$697M -$115M 14 0.31% Reduced
30
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$664M -$15.7M 9 1.34% Reduced
31
UBS Group
UBS Group
Switzerland
$636M +$33.7M 19 0.24% Increased
32
Wellington Management Group
Wellington Management Group
Massachusetts
$595M -$289M 11 0.13% Reduced
33
IVAV
Index Venture Associates V
Jersey
$590M $0 1 99.15% Maintained
34
Legal & General Group
Legal & General Group
United Kingdom
$565M +$9.34M 15 0.3% Increased
35
Franklin Resources
Franklin Resources
California
$563M -$243M 11 0.3% Reduced
36
Deutsche Bank
Deutsche Bank
Germany
$551M -$258M 17 0.32% Reduced
37
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$540M -$83.8M 15 0.22% Reduced
38
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$517M -$316M 3 0.21% Reduced
39
Capital World Investors
Capital World Investors
California
$490M +$11.3M 3 0.11% Increased
40
AllianceBernstein
AllianceBernstein
Tennessee
$477M +$32.6M 16 0.3% Increased
41
Fidelity International
Fidelity International
Bermuda
$448M +$22.5M 12 0.68% Increased
42
Magellan Asset Management
Magellan Asset Management
Australia
$442M +$413M 1 1.27% New
43
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$410M -$85.6M 11 0.34% Reduced
44
Melvin Capital Management
Melvin Capital Management
New York
$406M +$130M 2 4.15% Increased
45
Charles Schwab
Charles Schwab
California
$399M +$411K 11 0.24% Increased
46
VP
Vitruvian Partners
United Kingdom
$396M -$69.4M 1 87.44% Reduced
47
Swiss National Bank
Swiss National Bank
Switzerland
$388M -$12.1M 12 0.42% Reduced
48
Winslow Capital Management
Winslow Capital Management
Minnesota
$358M -$9.71M 1 1.91% Reduced
49
UBS AM
UBS AM
Illinois
$356M -$21.1M 14 0.25% Reduced
50
APG Asset Management
APG Asset Management
Netherlands
$348M -$32M 6 0.6% Reduced