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
| $6.8B | +$277M | 15 | 0.31% | Increased |
|
| 2 |
BlackRock
New York
| $5.11B | -$257M | 16 | 0.26% | Reduced |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $3.26B | -$136M | 14 | 0.45% | Reduced |
|
| 4 |
State Street
Boston,
Massachusetts
| $2.95B | +$13.2M | 12 | 0.27% | Increased |
|
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.35B | +$154M | 14 | 0.4% | Increased |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $1.44B | +$3.9M | 2 | 1.87% | Increased |
|
| 7 |
Bank of New York Mellon
New York
| $1.1B | -$212M | 14 | 0.35% | Reduced |
|
| 8 |
Jennison Associates
New York
| $1.1B | -$150M | 4 | 1.23% | Reduced |
|
| 9 |
Janus Henderson Group
London,
| $1.07B | -$45.8M | 8 | 0.68% | Reduced |
|
| 10 |
AQR Capital Management
Greenwich,
Connecticut
| $1.05B | -$47.7M | 11 | 1.21% | Reduced |
|
| 11 |
Northern Trust
Chicago,
Illinois
| $1.03B | -$24M | 16 | 0.29% | Reduced |
|
| 12 |
Geode Capital Management
Boston,
Massachusetts
| $924M | +$53.6M | 13 | 0.29% | Increased |
|
| 13 |
Fundsmith LLP
London,
United Kingdom
| $913M | +$54.5M | 1 | 5.8% | Increased |
|
| 14 |
Renaissance Technologies
New York
| $888M | +$263M | 14 | 0.97% | Increased |
|
| 15 |
JP Morgan Chase
New York
| $851M | -$738M | 15 | 0.2% | Reduced |
|
| 16 |
Norges Bank
Oslo,
Norway
| $800M | -$113M | 11 | 0.3% | Reduced |
|
| 17 |
Morgan Stanley
New York
| $757M | +$274M | 16 | 0.23% | Increased |
|
| 18 |
Ameriprise
Minneapolis,
Minnesota
| $733M | +$84.9M | 14 | 0.37% | Increased |
|
| 19 |
American Century Companies
Kansas City,
Missouri
| $727M | +$72.8M | 8 | 0.83% | Increased |
|
| 20 |
Dimensional Fund Advisors
Austin,
Texas
| $704M | +$52.8M | 14 | 0.32% | Increased |
|
| 21 |
Wellington Management Group
Boston,
Massachusetts
| $679M | -$449M | 10 | 0.17% | Reduced |
|
| 22 |
Massachusetts Financial Services
Boston,
Massachusetts
| $655M | -$402M | 4 | 0.31% | Reduced |
|
| 23 |
Goldman Sachs
New York
| $653M | -$359M | 15 | 0.21% | Reduced |
|
| 24 |
Franklin Resources
San Mateo,
California
| $608M | +$4.48M | 9 | 0.37% | Increased |
|
| 25 |
Invesco
Atlanta,
Georgia
| $606M | +$122M | 13 | 0.23% | Increased |
|