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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
Amundi
Amundi
France
$813M +$96.6M 11 0.57% Increased
27
Legal & General Group
Legal & General Group
United Kingdom
$803M +$38M 17 0.26% Increased
28
Ninety One (UK)
Ninety One (UK)
United Kingdom
$780M +$73.9M 1 1.99% Increased
29
Wellington Management Group
Wellington Management Group
Massachusetts
$774M -$67.6M 9 0.13% Reduced
30
Wells Fargo
Wells Fargo
California
$734M +$6.59M 23 0.16% Increased
31
Janus Henderson Group
Janus Henderson Group
$724M +$109M 9 0.32% Increased
32
Charles Schwab
Charles Schwab
California
$714M +$24.8M 15 0.23% Increased
33
American Century Companies
American Century Companies
Missouri
$699M +$11M 9 0.48% Increased
34
UBS AM
UBS AM
Illinois
$692M +$6.2M 12 0.29% Increased
35
Pictet Asset Management (Switzerland)
Pictet Asset Management (Switzerland)
Switzerland
$666M +$718M 9 0.74% New
36
Artisan Partners
Artisan Partners
Wisconsin
$663M +$85.3M 2 0.81% Increased
37
Capital Research Global Investors
Capital Research Global Investors
California
$611M -$2.88M 1 0.14% Reduced
38
UBS Group
UBS Group
Switzerland
$605M +$39.2M 24 0.19% Increased
39
AKO Capital
AKO Capital
United Kingdom
$567M -$78.8M 2 5.88% Reduced
40
Franklin Resources
Franklin Resources
California
$561M +$201M 12 0.21% Increased
41
Swiss National Bank
Swiss National Bank
Switzerland
$556M -$13.3M 14 0.35% Reduced
42
AllianceBernstein
AllianceBernstein
Tennessee
$554M -$58.6M 15 0.22% Reduced
43
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$550M -$5.82M 14 0.31% Reduced
44
D1 Capital Partners
D1 Capital Partners
New York
$535M +$215M 1 2.99% Increased
45
WCM Investment Management
WCM Investment Management
California
$532M +$16.4M 2 1.23% Increased
46
Select Equity Group
Select Equity Group
New York
$529M -$61.9M 3 1.78% Reduced
47
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$517M +$7.68M 2 1.72% Increased
48
Melvin Capital Management
Melvin Capital Management
New York
$513M +$192M 3 2.61% Increased
49
Deutsche Bank
Deutsche Bank
Germany
$488M +$14.9M 19 0.23% Increased
50
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$478M +$131M 14 0.6% Increased