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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
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$140M -$96.7M 13 0.13% Reduced
102
Man Group
Man Group
United Kingdom
$138M +$25.3M 9 0.35% Increased
103
LT
Lindsell Train
United Kingdom
$137M $0 3 3.15% Maintained
104
GRQ
Gardner Russo & Quinn
Pennsylvania
$134M -$1.95M 2 1.42% Reduced
105
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$133M -$30.6M 4 0.1% Reduced
106
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$131M +$69M 2 0.08% Increased
107
HSBC Holdings
HSBC Holdings
United Kingdom
$131M -$24.2M 10 0.08% Reduced
108
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$130M +$10.9M 4 0.14% Increased
109
Nordea Investment Management
Nordea Investment Management
Sweden
$129M -$33.9M 4 0.15% Reduced
110
Renaissance Technologies
Renaissance Technologies
New York
$129M +$33.4M 17 0.22% Increased
111
Glenview Trust
Glenview Trust
Kentucky
$128M +$84.5M 4 2.57% Increased
112
Janus Henderson Group
Janus Henderson Group
$125M -$35.6M 11 0.07% Reduced
113
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$121M -$383K 10 0.12% Reduced
114
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$120M -$6.09M 16 0.16% Reduced
115
Franklin Resources
Franklin Resources
California
$119M -$188M 13 0.04% Reduced
116
Rathbones Group
Rathbones Group
United Kingdom
$114M +$2.92M 4 0.62% Increased
117
Russell Investments Group
Russell Investments Group
United Kingdom
$113M -$9.24M 14 0.18% Reduced
118
Ninety One (UK)
Ninety One (UK)
United Kingdom
$106M -$114M 1 0.29% Reduced
119
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$104M +$14.2M 9 0.13% Increased
120
Squarepoint
Squarepoint
New York
$100M +$69.3M 11 0.17% Increased
121
Verition Fund Management
Verition Fund Management
Connecticut
$99.6M +$45.6M 12 0.54% Increased
122
Jane Street
Jane Street
New York
$98.9M +$18.9M 19 0.02% Increased
123
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
$98.6M -$34.2M 4 0.42% Reduced
124
Stifel Financial
Stifel Financial
Missouri
$98M -$8.21M 12 0.11% Reduced
125
APG Asset Management
APG Asset Management
Netherlands
$96.9M -$1.63M 2 0.17% Reduced