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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
Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt
Sweden
$220M -$18.2M 1 1.76% Reduced
77
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$218M -$87M 7 0.57% Reduced
78
Lazard Asset Management
Lazard Asset Management
New York
$211M +$39.8M 5 0.35% Increased
79
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$210M -$119M 9 0.37% Reduced
80
Axa
Axa
France
$209M +$63.3M 6 0.83% Increased
81
Capital Research Global Investors
Capital Research Global Investors
California
$197M -$15.2M 3 0.06% Reduced
82
Nordea Investment Management
Nordea Investment Management
Sweden
$183M -$3.75M 5 0.4% Reduced
83
HSBC Holdings
HSBC Holdings
United Kingdom
$183M +$67.5M 11 0.34% Increased
84
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$182M -$15.7M 6 0.64% Reduced
85
Two Sigma Advisers
Two Sigma Advisers
New York
$178M -$43.7M 8 0.44% Reduced
86
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$176M -$4.63M 16 0.18% Reduced
87
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$173M +$67.7M 4 0.59% Increased
88
Millennium Management
Millennium Management
New York
$173M -$117M 11 0.27% Reduced
89
Prudential Financial
Prudential Financial
New Jersey
$171M -$70.8M 10 0.27% Reduced
90
Russell Investments Group
Russell Investments Group
United Kingdom
$169M +$33.3M 14 0.33% Increased
91
Capital International Investors
Capital International Investors
California
$169M +$80.1M 2 0.06% Increased
92
VP
Vitruvian Partners
United Kingdom
$165M $0 1 77.24% Maintained
93
Sustainable Growth Advisers
Sustainable Growth Advisers
Connecticut
$162M -$70.4M 1 1.62% Reduced
94
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$160M +$4.84M 10 0.97% Increased
95
Victory Capital Management
Victory Capital Management
Texas
$160M +$8.35M 14 0.21% Increased
96
Fred Alger Management
Fred Alger Management
New York
$160M -$4.92M 4 0.63% Reduced
97
LT
Lindsell Train
United Kingdom
$157M +$1.54M 2 2.64% Increased
98
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$156M +$10.4M 9 0.4% Increased
99
Jupiter Asset Management
Jupiter Asset Management
United Kingdom
$155M +$7.53M 4 5.07% Increased
100
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$151M -$224K 12 0.28% Reduced