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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
Chevy Chase Trust
Chevy Chase Trust
Maryland
$112M -$10.8M 6 0.47% Reduced
127
William Blair Investment Management
William Blair Investment Management
Illinois
$112M -$2.77M 2 0.39% Reduced
128
Putnam Investments
Putnam Investments
Massachusetts
$112M +$476K 6 0.24% Increased
129
WorldQuant Millennium Advisors
WorldQuant Millennium Advisors
New York
$111M +$22M 3 3.7% Increased
130
BNP Paribas Asset Management
BNP Paribas Asset Management
France
$109M -$2.63M 6 0.84% Reduced
131
Gabelli Funds
Gabelli Funds
New York
$104M -$989K 6 0.6% Reduced
132
Stonehage Fleming Financial Services
Stonehage Fleming Financial Services
Jersey
$103M -$49.4M 1 5.99% Reduced
133
LT
Lindsell Train
United Kingdom
$102M +$12.8M 2 2.32% Increased
134
HL Financial Services
HL Financial Services
Kentucky
$102M +$33.4K 4 1.58% Increased
135
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$102M -$91.7M 14 0.1% Reduced
136
AAM
Ardevora Asset Management
United Kingdom
$99.4M -$4.85M 3 2.76% Reduced
137
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$99M +$4.94M 9 0.27% Increased
138
CIM
Contrarius Investment Management
Jersey
$97.6M -$39.1M 2 4.37% Reduced
139
Man Group
Man Group
United Kingdom
$97.5M -$126M 11 0.36% Reduced
140
Raymond James & Associates
Raymond James & Associates
Florida
$96.4M -$8.34M 11 0.15% Reduced
141
SEI Investments
SEI Investments
Pennsylvania
$96.2M -$24.6M 13 0.35% Reduced
142
Nordea Investment Management
Nordea Investment Management
Sweden
$95.7M +$5.89M 6 0.2% Increased
143
UH
Unigestion Holding
Switzerland
$94.8M +$50M 4 2% Increased
144
1832 Asset Management
1832 Asset Management
Ontario, Canada
$94.4M +$19.1M 4 0.31% Increased
145
Macquarie Group
Macquarie Group
Australia
$93.9M +$22.6M 11 0.15% Increased
146
DZ Bank
DZ Bank
Germany
$93.4M -$13M 5 0.33% Reduced
147
Vaughan Nelson Investment Management
Vaughan Nelson Investment Management
Texas
$90.3M -$9.33M 2 1.05% Reduced
148
Aperio Group
Aperio Group
California
$89.1M -$2.21M 12 0.39% Reduced
149
Commerzbank Aktiengesellschaft
Commerzbank Aktiengesellschaft
Germany
$88.2M +$317K 9 0.76% Increased
150
ProShare Advisors
ProShare Advisors
Maryland
$87.5M +$4.58M 8 0.59% Increased