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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
51
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$285M -$106M 12 0.31% Reduced
52
Bank of America
Bank of America
North Carolina
$276M -$57.8M 12 0.09% Reduced
53
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$273M +$28M 9 0.4% Increased
54
AB
Atlas Brown
Kentucky
$268M -$77K 2 72.15% Reduced
55
MC
Montag & Caldwell
Georgia
$247M -$214M 2 2.99% Reduced
56
Allianz Asset Management
Allianz Asset Management
Germany
$246M -$83.1M 6 0.28% Reduced
57
California Public Employees Retirement System
California Public Employees Retirement System
California
$236M $0 13 0.33% Maintained
58
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$227M -$29.5M 6 0.19% Reduced
59
Samlyn Capital
Samlyn Capital
New York
$223M +$156M 2 3.58% Increased
60
Prudential Financial
Prudential Financial
New Jersey
$223M +$12M 10 0.39% Increased
61
Guggenheim Capital
Guggenheim Capital
Illinois
$221M +$19.6M 8 0.52% Increased
62
Teachers Advisors
Teachers Advisors
New York
$219M -$6.22M 11 0.41% Reduced
63
WestEnd Advisors
WestEnd Advisors
North Carolina
$215M +$12.9M 2 9.69% Increased
64
Westfield Capital Management
Westfield Capital Management
Massachusetts
$213M +$5.36M 3 1.23% Increased
65
Two Sigma Investments
Two Sigma Investments
New York
$210M +$160M 9 0.98% Increased
66
BlackRock Investment Management
BlackRock Investment Management
Delaware
$205M -$91.5M 12 0.27% Reduced
67
Charles Schwab
Charles Schwab
California
$203M +$11.5M 11 0.29% Increased
68
Legal & General Group
Legal & General Group
United Kingdom
$198M -$2.5M 9 0.24% Reduced
69
Fayez Sarofim & Co
Fayez Sarofim & Co
Texas
$197M -$3.23M 3 0.97% Reduced
70
Discovery Capital Management
Discovery Capital Management
Connecticut
$192M -$20.5M 1 2.19% Reduced
71
VFA
Virtus Fund Advisers
Connecticut
$184M +$116M 4 1.38% Increased
72
BlackRock
BlackRock
New York
$184M -$9.12M 11 0.25% Reduced
73
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$182M +$11.2M 3 0.09% Increased
74
abrdn Investment Management
abrdn Investment Management
United Kingdom
$182M -$250M 1 0.74% Reduced
75
P
Pitcairn
Pennsylvania
$171M -$51.2K 4 18.86% Reduced