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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
101
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$134M -$3.48M 11 0.09% Reduced
102
Credit Agricole
Credit Agricole
France
$134M +$21.3M 6 0.57% Increased
103
Viking Global Investors
Viking Global Investors
Connecticut
$132M -$277M 1 0.53% Reduced
104
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$131M -$889K 4 0.26% Reduced
105
Farallon Capital Management
Farallon Capital Management
California
$131M +$50.4M 1 2.1% Increased
106
Two Sigma Investments
Two Sigma Investments
New York
$131M -$16.3M 7 0.58% Reduced
107
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$130M +$24.6M 4 0.34% Increased
108
Aristotle Capital Management
Aristotle Capital Management
California
$128M +$10.9M 1 1.68% Increased
109
Principal Financial Group
Principal Financial Group
Iowa
$126M -$534K 9 0.21% Reduced
110
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$126M +$40.8M 7 0.17% Increased
111
Gabelli Funds
Gabelli Funds
New York
$121M -$5.89M 7 0.62% Reduced
112
Perkins Investment Management
Perkins Investment Management
Illinois
$120M -$68.7M 2 1.1% Reduced
113
BNP Paribas Asset Management
BNP Paribas Asset Management
France
$120M +$5.29M 4 0.97% Increased
114
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$115M -$5.91M 11 0.35% Reduced
115
RIM
Rainier Investment Management
Washington
$115M -$1.51M 3 1.92% Reduced
116
Harding Loevner
Harding Loevner
New Jersey
$114M -$821K 1 0.84% Reduced
117
First Pacific Advisors
First Pacific Advisors
California
$112M -$6.48M 1 0.93% Reduced
118
Barclays
Barclays
United Kingdom
$112M -$27.7M 12 0.11% Reduced
119
ACM
Atlanta Capital Management
Georgia
$111M +$2.17M 4 0.8% Increased
120
ClearBridge Investments
ClearBridge Investments
New York
$110M -$234K 5 0.12% Reduced
121
Congress Asset Management
Congress Asset Management
Massachusetts
$110M -$4.17M 3 2.82% Reduced
122
Bank of Montreal
Bank of Montreal
Ontario, Canada
$107M -$24.6M 10 0.12% Reduced
123
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$107M -$3.73M 9 0.35% Reduced
124
UBS O'Connor
UBS O'Connor
Illinois
$106M +$47.6M 3 1.83% Increased
125
GAMCO Investors
GAMCO Investors
Connecticut
$105M -$2.14M 7 0.57% Reduced