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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
VOYA Investment Management
VOYA Investment Management
Georgia
$176M -$50.8M 12 0.43% Reduced
77
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$169M -$137M 8 0.31% Reduced
78
Two Sigma Advisers
Two Sigma Advisers
New York
$165M +$5.65M 11 0.45% Increased
79
OppenheimerFunds
OppenheimerFunds
New York
$164M +$96.8M 14 0.23% Increased
80
Sustainable Growth Advisers
Sustainable Growth Advisers
Connecticut
$164M +$4.58M 1 2.12% Increased
81
AL
AJO LP
Pennsylvania
$163M -$29M 4 0.92% Reduced
82
Stifel Financial
Stifel Financial
Missouri
$162M +$5.45M 8 0.52% Increased
83
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$159M -$1.8M 8 0.72% Reduced
84
Prudential Financial
Prudential Financial
New Jersey
$149M +$35.4M 10 0.26% Increased
85
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$145M +$107M 2 0.41% Increased
86
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$144M -$4.77M 7 0.36% Reduced
87
Antipodes Partners
Antipodes Partners
Australia
$144M +$52.4M 1 7.11% Increased
88
Orbis Allan Gray
Orbis Allan Gray
Bermuda
$137M +$104M 1 0.99% Increased
89
Ninety One (UK)
Ninety One (UK)
United Kingdom
$136M +$1.08M 3 0.59% Increased
90
Jupiter Asset Management
Jupiter Asset Management
United Kingdom
$136M -$9.15M 5 4.77% Reduced
91
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$134M -$17.2M 8 0.35% Reduced
92
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$132M +$2.92M 11 0.29% Increased
93
Citigroup
Citigroup
New York
$130M +$52.7M 13 0.13% Increased
94
HSBC Holdings
HSBC Holdings
United Kingdom
$129M +$27.6M 10 0.24% Increased
95
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$128M +$23.8M 6 0.35% Increased
96
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$125M +$3.28M 11 0.16% Increased
97
Nordea Investment Management
Nordea Investment Management
Sweden
$122M +$52.8M 7 0.29% Increased
98
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$122M +$805K 11 0.28% Increased
99
Asset Management One
Asset Management One
Japan
$119M -$6.91M 6 0.28% Reduced
100
Eaton Vance Management
Eaton Vance Management
Massachusetts
$117M -$16.5M 6 0.3% Reduced