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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
Credit Suisse
Credit Suisse
Switzerland
$241M -$24M 13 0.24% Reduced
52
Ninety One (UK)
Ninety One (UK)
United Kingdom
$239M +$60.7M 5 1.25% Increased
53
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$237M +$16.4M 12 0.34% Increased
54
Swiss National Bank
Swiss National Bank
Switzerland
$235M +$25.5M 11 0.37% Increased
55
BlackRock Advisors
BlackRock Advisors
Delaware
$227M +$38M 12 0.23% Increased
56
Renaissance Technologies
Renaissance Technologies
New York
$222M +$5.06M 8 0.35% Increased
57
Citadel Advisors
Citadel Advisors
Florida
$217M +$86.3M 13 0.22% Increased
58
California Public Employees Retirement System
California Public Employees Retirement System
California
$212M +$38.3M 13 0.35% Increased
59
Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt
Sweden
$206M +$141M 2 1.9% Increased
60
AL
AJO LP
Pennsylvania
$202M -$44.9M 2 0.83% Reduced
61
Farallon Capital Management
Farallon Capital Management
California
$198M -$79.3M 1 2.28% Reduced
62
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$187M +$73.7M 9 0.68% Increased
63
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$186M -$115M 13 0.27% Reduced
64
BlackRock Investment Management
BlackRock Investment Management
Delaware
$185M +$27.6M 12 0.21% Increased
65
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$181M +$70.6M 1 1.05% Increased
66
DIGDR
Dynamo Internacional Gestao de Recursos
Brazil
$180M +$110M 2 24.05% Increased
67
Eaton Vance Management
Eaton Vance Management
Massachusetts
$178M +$77.2M 6 0.5% Increased
68
Allianz Asset Management
Allianz Asset Management
Germany
$176M +$19.1M 5 0.16% Increased
69
Teachers Advisors
Teachers Advisors
New York
$176M +$49.4M 12 0.28% Increased
70
Brandywine Global Investment Management
Brandywine Global Investment Management
Pennsylvania
$174M -$14.2M 4 1.1% Reduced
71
BlackRock
BlackRock
New York
$172M +$21.7M 12 0.24% Increased
72
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$172M -$13.9M 13 0.24% Reduced
73
P
Pitcairn
Pennsylvania
$170M -$9.64K 5 20.98% Reduced
74
Causeway Capital Management
Causeway Capital Management
California
$168M +$8.19M 1 2.94% Increased
75
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$166M +$13.2M 7 0.35% Increased