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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
Fred Alger Management
Fred Alger Management
New York
$148M +$17.1M 5 0.57% Increased
102
Axa
Axa
France
$148M +$3.53M 6 0.58% Increased
103
GA
Greenspring Associates
Maryland
$146M +$146M 1 75.06% New
104
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$143M +$5M 10 0.88% Increased
105
LT
Lindsell Train
United Kingdom
$142M +$10.2M 2 2.41% Increased
106
Russell Investments Group
Russell Investments Group
United Kingdom
$141M +$19.4M 14 0.26% Increased
107
Antipodes Partners
Antipodes Partners
Australia
$140M +$9.94M 1 6.4% Increased
108
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$139M +$6.7M 6 0.47% Increased
109
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$135M -$11.5M 12 0.27% Reduced
110
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$132M -$6.56M 7 0.28% Reduced
111
Chevy Chase Trust
Chevy Chase Trust
Maryland
$130M +$1.13M 6 0.54% Increased
112
GTP
Global Thematic Partners
New York
$125M -$1.6M 3 6.72% Reduced
113
Eaton Vance Management
Eaton Vance Management
Massachusetts
$125M -$11.2M 6 0.27% Reduced
114
Raymond James & Associates
Raymond James & Associates
Florida
$124M +$8.48M 11 0.18% Increased
115
Gabelli Funds
Gabelli Funds
New York
$121M +$11M 5 0.77% Increased
116
SEI Investments
SEI Investments
Pennsylvania
$121M +$23M 12 0.39% Increased
117
HSBC Holdings
HSBC Holdings
United Kingdom
$120M -$11.9M 11 0.23% Reduced
118
Citigroup
Citigroup
New York
$119M -$11.6M 15 0.1% Reduced
119
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$117M -$4.24M 11 0.3% Reduced
120
Stonehage Fleming Financial Services
Stonehage Fleming Financial Services
Jersey
$117M -$5.57M 3 5.72% Reduced
121
CIP
Champlain Investment Partners
Vermont
$116M +$1.43M 1 0.98% Increased
122
Balyasny Asset Management
Balyasny Asset Management
Illinois
$113M +$20M 10 0.73% Increased
123
Canada Life
Canada Life
Manitoba, Canada
$113M +$22.4M 12 0.26% Increased
124
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$112M -$12.6M 9 0.27% Reduced
125
ACM
Atlanta Capital Management
Georgia
$112M -$1.81M 2 0.5% Reduced