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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
IVM
InterWest Venture Management
California
$150M $0 1 57.52% Maintained
102
Gabelli Funds
Gabelli Funds
New York
$144M +$12.6M 5 0.95% Increased
103
Raymond James & Associates
Raymond James & Associates
Florida
$142M +$10.7M 12 0.2% Increased
104
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$140M -$5.07M 7 0.34% Reduced
105
Chevy Chase Trust
Chevy Chase Trust
Maryland
$140M +$2.89M 6 0.57% Increased
106
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$138M +$560K 13 0.27% Increased
107
Citigroup
Citigroup
New York
$137M +$24.5M 16 0.11% Increased
108
Eaton Vance Management
Eaton Vance Management
Massachusetts
$136M +$572K 5 0.29% Increased
109
Putnam Investments
Putnam Investments
Massachusetts
$136M +$94.5M 3 0.3% Increased
110
TCM
Tybourne Capital Management
Hong Kong
$134M +$98.2M 1 5.82% Increased
111
ProShare Advisors
ProShare Advisors
Maryland
$134M +$19.4M 8 0.75% Increased
112
ARGA Investment Management
ARGA Investment Management
Connecticut
$128M +$120M 2 15.97% Increased
113
Point72 Asset Management
Point72 Asset Management
Connecticut
$124M +$45M 5 0.76% Increased
114
Stonehage Fleming Financial Services
Stonehage Fleming Financial Services
Jersey
$123M -$3.67M 2 5.86% Reduced
115
Primecap Management
Primecap Management
California
$121M +$50.2M 1 0.1% Increased
116
CIP
Champlain Investment Partners
Vermont
$117M -$14M 1 0.96% Reduced
117
Comgest Global Investors
Comgest Global Investors
France
$116M -$45.5M 1 2.37% Reduced
118
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$116M -$3.96M 11 0.3% Reduced
119
Pendal Group
Pendal Group
Australia
$115M -$2.22M 4 1.5% Reduced
120
Ninety One (UK)
Ninety One (UK)
United Kingdom
$115M +$11M 2 0.45% Increased
121
Two Sigma Investments
Two Sigma Investments
New York
$115M -$59.5M 10 0.39% Reduced
122
First Trust Advisors
First Trust Advisors
Illinois
$114M +$56.7M 11 0.21% Increased
123
ACM
Atlanta Capital Management
Georgia
$113M -$6.16M 2 0.49% Reduced
124
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$113M +$2.53M 10 0.29% Increased
125
GA
Greenspring Associates
Maryland
$113M $0 1 34.23% Maintained