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 | |
|---|---|---|---|---|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
| $4.77B | +$160M | 13 | 0.34% | Increased |
|
| 2 |
Fidelity Investments
Boston,
Massachusetts
| $3.19B | +$202M | 9 | 0.45% | Increased |
|
| 3 |
State Street
Boston,
Massachusetts
| $2.67B | -$87.4M | 12 | 0.31% | Reduced |
|
| 4 |
BlackRock Institutional Trust
San Francisco,
California
| $1.76B | -$100M | 12 | 0.31% | Reduced |
|
| 5 |
Wellington Management Group
Boston,
Massachusetts
| $1.62B | +$319M | 8 | 0.45% | Increased |
|
| 6 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.27B | +$43.6M | 9 | 0.28% | Increased |
|
| 7 |
Bank of New York Mellon
New York
| $1.21B | -$93.1M | 13 | 0.37% | Reduced |
|
| 8 |
BlackRock Fund Advisors
San Francisco,
California
| $1.05B | -$179M | 13 | 0.27% | Reduced |
|
| 9 |
American Century Companies
Kansas City,
Missouri
| $1.01B | -$51.3M | 6 | 1.23% | Reduced |
|
| 10 |
Morgan Stanley
New York
| $853M | +$64.9M | 13 | 0.32% | Increased |
|
| 11 |
Goldman Sachs
New York
| $842M | +$212M | 12 | 0.28% | Increased |
|
| 12 |
Northern Trust
Chicago,
Illinois
| $834M | -$37.5M | 13 | 0.28% | Reduced |
|
| 13 |
Corvex Management
New York
| $688M | -$8.98M | 1 | 8.08% | Reduced |
|
| 14 |
Norges Bank
Oslo,
Norway
| $681M | +$51M | 9 | 0.36% | Increased |
|
| 15 |
TIAA CREF Investment Management
New York
| $609M | +$42.3M | 12 | 0.48% | Increased |
|
| 16 |
Brown Advisory
Baltimore,
Maryland
| $568M | -$45.4M | 6 | 2.03% | Reduced |
|
| 17 |
AllianceBernstein
Nashville,
Tennessee
| $543M | +$31.9M | 11 | 0.47% | Increased |
|
| 18 |
Bank of America
Charlotte,
North Carolina
| $538M | +$272M | 12 | 0.13% | Increased |
|
| 19 |
JP Morgan Chase
New York
| $530M | -$73.7M | 9 | 0.14% | Reduced |
|
| 20 |
Geode Capital Management
Boston,
Massachusetts
| $530M | -$656K | 13 | 0.32% | Reduced |
|
| 21 |
Artisan Partners
Milwaukee,
Wisconsin
| $523M | -$60M | 2 | 1.06% | Reduced |
|
| 22 |
Wells Fargo
San Francisco,
California
| $520M | -$24.1M | 13 | 0.22% | Reduced |
|
| 23 |
BlackRock Group
London,
United Kingdom
| $510M | +$38.8M | 12 | 0.3% | Increased |
|
| 24 |
Select Equity Group
New York
| $509M | +$149M | 2 | 4.85% | Increased |
|
| 25 |
Dodge & Cox
San Francisco,
California
| $503M | +$1.9M | 1 | 0.51% | Increased |
|