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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
126
ARC
Absolute Return Capital
Massachusetts
$97.7M -$12.6M 7 3.9% Reduced
127
ACM
Atlanta Capital Management
Georgia
$95M -$36.5M 3 0.65% Reduced
128
Fred Alger Management
Fred Alger Management
New York
$93.9M -$31.9M 3 0.42% Reduced
129
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$91.2M +$11.7M 7 0.32% Increased
130
Credit Agricole
Credit Agricole
France
$91.2M -$11.1M 7 0.43% Reduced
131
TGA
Trilogy Global Advisors
Florida
$90.9M -$24.8M 2 1.89% Reduced
132
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$90.8M -$3.84M 10 0.32% Reduced
133
MTB
Mizuho Trust & Banking
Japan
$89.6M -$5.62M 5 0.3% Reduced
134
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$89.1M -$15.9M 6 0.68% Reduced
135
Congress Asset Management
Congress Asset Management
Massachusetts
$87.4M -$22M 2 2.51% Reduced
136
First Pacific Advisors
First Pacific Advisors
California
$87M $0 1 0.71% Maintained
137
HCM
Hoplite Capital Management
New York
$85.7M +$69.4M 1 2.29% New
138
BlackRock Advisors
BlackRock Advisors
Delaware
$85.7M -$67.6M 11 0.09% Reduced
139
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$84.7M +$1.17M 4 0.46% Increased
140
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$84.6M -$60.6M 6 0.35% Reduced
141
BlackRock Japan
BlackRock Japan
Japan
$82.7M +$4.78M 7 0.32% Increased
142
Royce & Associates
Royce & Associates
New York
$82.7M +$16.4M 3 0.35% Increased
143
CCM
Cornerstone Capital Management
Minnesota
$82.6M -$18.3M 1 2.71% Reduced
144
CLM
ClearBridge LLC (Maryland)
Maryland
$82.6M +$16.5M 2 1.48% Increased
145
Edmond de Rothschild Holding
Edmond de Rothschild Holding
Switzerland
$81.5M +$93.4M 5 1.75% New
146
RCM
Ratan Capital Management
Florida
$79.2M +$64.1M 1 7.55% New
147
UBS Group
UBS Group
Switzerland
$78.5M -$48.4M 14 0.05% Reduced
148
NFA
Nationwide Fund Advisors
Ohio
$76.3M -$11.1M 11 0.31% Reduced
149
Edmond de Rothschild Asset Management (France)
Edmond de Rothschild Asset Management (France)
France
$76.3M +$87M 2 2.06% New
150
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$76.3M +$13.6M 4 0.2% Increased