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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
GTP
Global Thematic Partners
New York
$133M +$47.9M 3 6.18% Increased
102
Antipodes Partners
Antipodes Partners
Australia
$133M -$6.46M 1 6.55% Reduced
103
Axa
Axa
France
$132M +$3.16M 8 0.52% Increased
104
HSBC Holdings
HSBC Holdings
United Kingdom
$130M -$25.9M 10 0.24% Reduced
105
Citigroup
Citigroup
New York
$130M -$25.8M 15 0.13% Reduced
106
Eaton Vance Management
Eaton Vance Management
Massachusetts
$128M -$7.09M 6 0.29% Reduced
107
Victory Capital Management
Victory Capital Management
Texas
$127M +$13.4M 10 0.29% Increased
108
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$126M +$16.4M 10 0.8% Increased
109
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$125M -$1.17M 7 0.46% Reduced
110
Chevy Chase Trust
Chevy Chase Trust
Maryland
$123M +$5.84M 6 0.51% Increased
111
Eagle Asset Management
Eagle Asset Management
Florida
$123M +$42.6M 3 0.65% Increased
112
LT
Lindsell Train
United Kingdom
$123M +$10.2M 2 2.38% Increased
113
Pendal Group
Pendal Group
Australia
$120M -$1.96M 4 1.65% Reduced
114
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$119M -$1.74M 10 0.3% Reduced
115
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$118M -$126M 7 0.28% Reduced
116
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$118M -$922K 11 0.31% Reduced
117
Russell Investments Group
Russell Investments Group
United Kingdom
$115M -$7.95M 14 0.21% Reduced
118
HL Financial Services
HL Financial Services
Kentucky
$114M +$21.6M 5 1.76% Increased
119
ACM
Atlanta Capital Management
Georgia
$113M -$14.9M 2 0.54% Reduced
120
VOYA Investment Management
VOYA Investment Management
Georgia
$112M -$87.7M 12 0.25% Reduced
121
Stonehage Fleming Financial Services
Stonehage Fleming Financial Services
Jersey
$111M -$3.96M 2 5.05% Reduced
122
Lazard Asset Management
Lazard Asset Management
New York
$110M -$174K 4 0.18% Reduced
123
CIP
Champlain Investment Partners
Vermont
$109M +$30.9M 1 0.95% Increased
124
Raymond James & Associates
Raymond James & Associates
Florida
$107M +$8.07M 12 0.16% Increased
125
Carillon Tower Advisers
Carillon Tower Advisers
Florida
$104M +$50.1M 4 0.74% Increased