← All themes

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
FI
Fosun International
China
$776M +$616M 1 63.69% New
27
Select Equity Group
Select Equity Group
New York
$772M -$16.7M 3 2.9% Reduced
28
Charles Schwab
Charles Schwab
California
$720M +$9.77M 16 0.23% Increased
29
Franklin Resources
Franklin Resources
California
$703M +$8.28M 16 0.37% Increased
30
Lazard Asset Management
Lazard Asset Management
New York
$699M +$171M 11 0.96% Increased
31
Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt
Sweden
$696M +$49.1M 1 4.12% Increased
32
DZ Bank
DZ Bank
Germany
$689M +$129M 5 1.17% Increased
33
Nuveen
Nuveen
North Carolina
$676M +$41M 17 0.26% Increased
34
Wellington Management Group
Wellington Management Group
Massachusetts
$672M +$194M 9 0.13% Increased
35
Fundsmith Investment Services
Fundsmith Investment Services
Mauritius
$665M +$3.64M 2 11.06% Increased
36
ClearBridge Investments
ClearBridge Investments
New York
$636M +$434M 2 0.63% Increased
37
Legal & General Group
Legal & General Group
United Kingdom
$619M -$43.1M 19 0.24% Reduced
38
American Century Companies
American Century Companies
Missouri
$589M +$26.8M 12 0.48% Increased
39
Capital International Investors
Capital International Investors
California
$549M +$131M 2 0.15% Increased
40
AllianceBernstein
AllianceBernstein
Tennessee
$530M -$4.48M 17 0.24% Reduced
41
Pictet Asset Management (Switzerland)
Pictet Asset Management (Switzerland)
Switzerland
$509M -$48.5M 10 0.74% Reduced
42
Citadel Advisors
Citadel Advisors
Florida
$507M -$86.9M 21 0.12% Reduced
43
Swiss National Bank
Swiss National Bank
Switzerland
$506M -$29.2M 13 0.36% Reduced
44
Deutsche Bank
Deutsche Bank
Germany
$486M -$909K 19 0.28% Reduced
45
BOI
Bank of Italy
Italy
$486M +$47.5M 1 18.35% Increased
46
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$478M +$3.54M 11 0.67% Increased
47
UBS AM
UBS AM
Illinois
$438M -$4.6M 12 0.23% Reduced
48
Wells Fargo
Wells Fargo
California
$434M -$45.9M 24 0.13% Reduced
49
WCM Investment Management
WCM Investment Management
California
$431M -$27M 2 1.44% Reduced
50
AKO Capital
AKO Capital
United Kingdom
$421M -$67.3M 2 6.8% Reduced