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
| $5.84B | +$218M | 14 | 0.3% | Increased |
|
| 2 |
BlackRock
New York
| $4.45B | +$4.25B | 15 | 0.24% | Increased |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $3.84B | -$338M | 12 | 0.49% | Reduced |
|
| 4 |
State Street
Boston,
Massachusetts
| $3B | +$57.1M | 13 | 0.27% | Increased |
|
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.98B | -$201M | 11 | 0.56% | Reduced |
|
| 6 |
Massachusetts Financial Services
Boston,
Massachusetts
| $2.28B | +$294M | 4 | 1.07% | Increased |
|
| 7 |
Wellington Management Group
Boston,
Massachusetts
| $1.75B | +$11.9M | 10 | 0.42% | Increased |
|
| 8 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $1.34B | -$40.8M | 3 | 1.95% | Reduced |
|
| 9 |
Bank of New York Mellon
New York
| $848M | -$14.6M | 14 | 0.23% | Reduced |
|
| 10 |
Goldman Sachs
New York
| $808M | +$54.2M | 15 | 0.22% | Increased |
|
| 11 |
Northern Trust
Chicago,
Illinois
| $807M | +$12.2M | 14 | 0.23% | Increased |
|
| 12 |
JP Morgan Chase
New York
| $748M | +$225M | 13 | 0.17% | Increased |
|
| 13 |
Invesco
Atlanta,
Georgia
| $738M | +$81.3M | 12 | 0.24% | Increased |
|
| 14 |
Select Equity Group
New York
| $722M | +$176M | 1 | 5.38% | Increased |
|
| 15 |
Geode Capital Management
Boston,
Massachusetts
| $691M | +$68.3M | 14 | 0.28% | Increased |
|
| 16 |
Norges Bank
Oslo,
Norway
| $686M | -$143M | 11 | 0.28% | Reduced |
|
| 17 |
Dodge & Cox
San Francisco,
California
| $625M | -$3.02M | 1 | 0.53% | Reduced |
|
| 18 |
Wells Fargo
San Francisco,
California
| $592M | -$38M | 15 | 0.19% | Reduced |
|
| 19 |
American Century Companies
Kansas City,
Missouri
| $576M | -$114M | 6 | 0.6% | Reduced |
|
| 20 |
TIAA CREF Investment Management
New York
| $568M | +$6.47M | 13 | 0.41% | Increased |
|
| 21 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $549M | +$68.1M | 16 | 0.41% | Increased |
|
| 22 |
Ameriprise
Minneapolis,
Minnesota
| $500M | +$24.7M | 12 | 0.26% | Increased |
|
| 23 |
Bank of America
Charlotte,
North Carolina
| $485M | +$9.59M | 14 | 0.1% | Increased |
|
| 24 |
Morgan Stanley
New York
| $483M | -$247M | 15 | 0.15% | Reduced |
|
| 25 |
Flossbach Von Storch
Cologne,
Germany
| $479M | +$34.4M | 3 | 7.33% | Increased |
|