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
| $5.18B | +$160M | 14 | 0.32% | Increased |
|
| 2 |
Fidelity Investments
Boston,
Massachusetts
| $4.07B | +$203M | 11 | 0.56% | Increased |
|
| 3 |
State Street
Boston,
Massachusetts
| $2.72B | -$32.6M | 12 | 0.29% | Reduced |
|
| 4 |
Wellington Management Group
Boston,
Massachusetts
| $1.79B | -$9.28M | 8 | 0.46% | Reduced |
|
| 5 |
BlackRock Institutional Trust
San Francisco,
California
| $1.73B | -$79.5M | 13 | 0.28% | Reduced |
|
| 6 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.42B | +$318M | 10 | 0.3% | Increased |
|
| 7 |
Bank of New York Mellon
New York
| $1.18B | -$20.7M | 14 | 0.36% | Reduced |
|
| 8 |
BlackRock Fund Advisors
San Francisco,
California
| $1.1B | +$15.7M | 13 | 0.24% | Increased |
|
| 9 |
Morgan Stanley
New York
| $904M | -$5.99M | 14 | 0.33% | Reduced |
|
| 10 |
Northern Trust
Chicago,
Illinois
| $808M | -$11.3M | 14 | 0.26% | Reduced |
|
| 11 |
Norges Bank
Oslo,
Norway
| $773M | +$51.3M | 10 | 0.37% | Increased |
|
| 12 |
American Century Companies
Kansas City,
Missouri
| $764M | -$93.8M | 7 | 0.87% | Reduced |
|
| 13 |
Dodge & Cox
San Francisco,
California
| $682M | -$23.3M | 1 | 0.67% | Reduced |
|
| 14 |
TIAA CREF Investment Management
New York
| $639M | -$22.8M | 12 | 0.49% | Reduced |
|
| 15 |
Wells Fargo
San Francisco,
California
| $632M | +$136M | 14 | 0.24% | Increased |
|
| 16 |
Select Equity Group
New York
| $595M | -$27.4M | 1 | 5.23% | Reduced |
|
| 17 |
BlackRock Group
London,
United Kingdom
| $584M | +$47M | 12 | 0.3% | Increased |
|
| 18 |
Goldman Sachs
New York
| $567M | -$117M | 14 | 0.19% | Reduced |
|
| 19 |
Geode Capital Management
Boston,
Massachusetts
| $565M | +$2.9M | 13 | 0.31% | Increased |
|
| 20 |
Brown Advisory
Baltimore,
Maryland
| $563M | -$50.2M | 6 | 1.98% | Reduced |
|
| 21 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $563M | +$28.6M | 3 | 1% | Increased |
|
| 22 |
Corvex Management
New York
| $562M | +$90.4M | 1 | 7.49% | Increased |
|
| 23 |
Ameriprise
Minneapolis,
Minnesota
| $554M | -$18.6M | 10 | 0.32% | Reduced |
|
| 24 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $549M | -$71.4M | 13 | 0.39% | Reduced |
|
| 25 |
Invesco
Atlanta,
Georgia
| $535M | -$20M | 12 | 0.2% | Reduced |
|