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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
76
BlackRock Investment Management
BlackRock Investment Management
Delaware
$178M -$13M 14 0.23% Reduced
77
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$177M -$107M 13 0.21% Reduced
78
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$174M +$587K 6 0.39% Increased
79
BlackRock
BlackRock
New York
$171M -$24.4M 13 0.28% Reduced
80
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$162M +$19M 12 0.35% Increased
81
ABI
Abrams Bison Investments
Maryland
$155M +$41.2M 1 16.02% Increased
82
TimesSquare Capital Management
TimesSquare Capital Management
New York
$155M +$47.1M 3 1.01% Increased
83
Principal Financial Group
Principal Financial Group
Iowa
$147M -$130M 11 0.21% Reduced
84
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$146M +$3.98M 4 0.26% Increased
85
BlackRock Advisors
BlackRock Advisors
Delaware
$144M -$46.4M 12 0.15% Reduced
86
Eaton Vance Management
Eaton Vance Management
Massachusetts
$141M -$69.2M 6 0.43% Reduced
87
Citadel Advisors
Citadel Advisors
Florida
$139M -$136M 11 0.18% Reduced
88
Stifel Financial
Stifel Financial
Missouri
$133M -$7.07M 8 0.71% Reduced
89
AB
Atlas Brown
Kentucky
$133M +$58.2M 2 55.53% Increased
90
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$132M +$735K 9 0.35% Increased
91
Aristotle Capital Management
Aristotle Capital Management
California
$125M +$3.23M 1 1.45% Increased
92
First Trust Advisors
First Trust Advisors
Illinois
$125M -$41.5M 10 0.4% Reduced
93
Third Point
Third Point
New York
$124M +$114M 1 1.14% New
94
Gabelli Funds
Gabelli Funds
New York
$124M -$5.53M 6 0.75% Reduced
95
Bank of Montreal
Bank of Montreal
Ontario, Canada
$118M +$5.9M 13 0.13% Increased
96
Fidelity International
Fidelity International
Bermuda
$115M -$6.37M 4 0.36% Reduced
97
Analytic Investors
Analytic Investors
California
$114M -$18.6M 3 1.39% Reduced
98
Russell Frank Company
Russell Frank Company
Washington
$114M +$22.5M 11 0.2% Increased
99
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$113M +$297K 12 0.35% Increased
100
MC
Montag & Caldwell
Georgia
$111M -$57.2M 1 2.03% Reduced