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
| $8.24B | -$54.9M | 16 | 0.31% | Reduced |
|
| 2 |
BlackRock
New York
| $6.02B | -$183M | 17 | 0.26% | Reduced |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $5.42B | +$342M | 16 | 0.63% | Increased |
|
| 4 |
State Street
Boston,
Massachusetts
| $3.76B | -$77.8M | 14 | 0.28% | Reduced |
|
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
| $3.1B | +$62.7M | 15 | 0.43% | Increased |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.25B | -$72.6M | 3 | 2.38% | Reduced |
|
| 7 |
Morgan Stanley
New York
| $1.67B | +$791M | 18 | 0.45% | Increased |
|
| 8 |
Jennison Associates
New York
| $1.42B | -$37.5M | 5 | 1.41% | Reduced |
|
| 9 |
Bank of New York Mellon
New York
| $1.41B | -$47.4M | 14 | 0.39% | Reduced |
|
| 10 |
Northern Trust
Chicago,
Illinois
| $1.31B | -$16.4M | 15 | 0.31% | Reduced |
|
| 11 |
Edgewood Management
Greenwich,
Connecticut
| $1.26B | +$12.3M | 1 | 4.15% | Increased |
|
| 12 |
Geode Capital Management
Boston,
Massachusetts
| $1.24B | +$32.6M | 14 | 0.3% | Increased |
|
| 13 |
Fundsmith LLP
London,
United Kingdom
| $1.22B | +$4.97M | 1 | 6.36% | Increased |
|
| 14 |
Norges Bank
Oslo,
Norway
| $1.13B | +$7.51M | 13 | 0.35% | Increased |
|
| 15 |
Invesco
Atlanta,
Georgia
| $1.01B | +$361M | 15 | 0.26% | Increased |
|
| 16 |
Renaissance Technologies
New York
| $943M | +$43.5M | 11 | 0.83% | Increased |
|
| 17 |
JP Morgan Chase
New York
| $861M | -$202M | 15 | 0.17% | Reduced |
|
| 18 |
Bank of America
Charlotte,
North Carolina
| $841M | -$149M | 18 | 0.13% | Reduced |
|
| 19 |
Baird Financial Group
Milwaukee,
Wisconsin
| $829M | +$757M | 7 | 3.22% | Increased |
|
| 20 |
Nuveen
Charlotte,
North Carolina
| $816M | +$803M | 14 | 0.32% | Increased |
|
| 21 |
Dimensional Fund Advisors
Austin,
Texas
| $815M | +$25.2M | 16 | 0.32% | Increased |
|
| 22 |
Janus Henderson Group
London,
| $809M | -$201M | 10 | 0.44% | Reduced |
|
| 23 |
Brown Advisory
Baltimore,
Maryland
| $794M | +$30.8M | 4 | 2.27% | Increased |
|
| 24 |
AQR Capital Management
Greenwich,
Connecticut
| $773M | -$361M | 10 | 0.86% | Reduced |
|
| 25 |
Goldman Sachs
New York
| $768M | +$70.4M | 15 | 0.22% | Increased |
|