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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
$478M -$1.15B 16 0.24% Reduced
52
D1 Capital Partners
D1 Capital Partners
New York
$475M +$447M 1 3.1% New
53
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$472M +$32.3M 5 0.57% Increased
54
Capital International Investors
Capital International Investors
California
$449M -$431K 1 0.1% Reduced
55
Axa
Axa
France
$429M +$20.7M 6 1.21% Increased
56
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$428M -$6.61M 9 0.54% Reduced
57
APG Asset Management
APG Asset Management
Netherlands
$427M -$46M 2 0.73% Reduced
58
Franklin Resources
Franklin Resources
California
$426M -$9.87M 10 0.16% Reduced
59
Principal Financial Group
Principal Financial Group
Iowa
$425M -$17.2M 14 0.28% Reduced
60
BOI
Bank of Italy
Italy
$423M $0 1 16.18% Maintained
61
Macquarie Group
Macquarie Group
Australia
$422M +$373M 13 0.35% Increased
62
Bank of Montreal
Bank of Montreal
Ontario, Canada
$415M +$80M 15 0.21% Increased
63
Holocene Advisors
Holocene Advisors
New York
$406M +$260M 6 2.29% Increased
64
Allianz Asset Management
Allianz Asset Management
Germany
$399M +$17.3M 8 0.34% Increased
65
Citadel Advisors
Citadel Advisors
Florida
$398M -$173M 21 0.09% Reduced
66
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$394M -$129M 13 0.48% Reduced
67
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$390M -$41M 18 0.4% Reduced
68
SCM
Suvretta Capital Management
New York
$389M -$174M 2 5.81% Reduced
69
Millennium Management
Millennium Management
New York
$387M -$72.4M 19 0.24% Reduced
70
AQR Capital Management
AQR Capital Management
Connecticut
$384M -$27.4M 9 0.66% Reduced
71
Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt
Sweden
$384M $0 1 1.77% Maintained
72
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$379M +$27.4M 17 0.05% Increased
73
AustralianSuper
AustralianSuper
Australia
$366M +$40.6M 1 2.55% Increased
74
JSP
Jackson Square Partners
California
$362M +$97.4M 1 2.07% Increased
75
Barclays
Barclays
United Kingdom
$350M -$58.1K 15 0.17% Reduced