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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
201
USAA
United Services Automobile Association
Texas
$36.5M -$5.45M 8 0.14% Reduced
202
Melvin Capital Management
Melvin Capital Management
New York
$36.3M -$4.19M 1 2.03% Reduced
203
GW&K Investment Management
GW&K Investment Management
Massachusetts
$36.1M +$809K 1 0.86% Increased
204
CC
Carlson Capital
Texas
$35.7M +$11.9M 1 0.41% Increased
205
Aviva
Aviva
United Kingdom
$35.7M -$736K 6 0.3% Reduced
206
Commerzbank Aktiengesellschaft
Commerzbank Aktiengesellschaft
Germany
$35.1M -$7.48M 6 0.26% Reduced
207
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$34.7M +$21.8M 8 0.14% Increased
208
ING Group
ING Group
Netherlands
$34.6M -$26M 3 0.24% Reduced
209
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$34.5M -$1.04M 8 0.22% Reduced
210
Teachers Retirement System of the State of Kentucky
Teachers Retirement System of the State of Kentucky
Kentucky
$34.4M +$8.58M 10 0.45% Increased
211
PPC
Park Presidio Capital
California
$34.2M +$18M 1 8.06% Increased
212
PGGM Investments
PGGM Investments
Netherlands
$33.1M -$13M 2 0.18% Reduced
213
SCM
SOL Capital Management
Maryland
$33M $0 2 12.73% Maintained
214
Canada Life
Canada Life
Manitoba, Canada
$32.8M -$12.2M 10 0.13% Reduced
215
Bridgewater Associates
Bridgewater Associates
Connecticut
$32.7M +$30.3M 3 0.44% Increased
216
Ariel Investments
Ariel Investments
Illinois
$32.5M +$2.18M 1 0.41% Increased
217
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale
Germany
$32.5M +$1.1M 6 0.4% Increased
218
HL Financial Services
HL Financial Services
Kentucky
$31.8M -$98K 5 0.9% Reduced
219
KBC Group
KBC Group
Belgium
$31.8M -$20.9M 7 0.64% Reduced
220
Douglass Winthrop Advisors
Douglass Winthrop Advisors
New York
$31.5M -$1.23M 3 2.48% Reduced
221
SC
Shellback Capital
Massachusetts
$31.3M +$22.4M 1 2.8% Increased
222
M&T Bank
M&T Bank
New York
$31M -$3.26M 6 0.21% Reduced
223
Employees Retirement System of Texas
Employees Retirement System of Texas
Texas
$31M +$5.3M 6 0.44% Increased
224
Bahl & Gaynor
Bahl & Gaynor
Ohio
$30.8M +$314K 4 0.44% Increased
225
Raymond James & Associates
Raymond James & Associates
Florida
$30.1M +$11.1M 6 0.12% Increased