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
| $8.28B | +$64.4M | 17 | 0.31% | Increased |
|
| 2 |
BlackRock
New York
| $6.39B | +$322M | 17 | 0.27% | Increased |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $5.53B | +$94.2M | 16 | 0.66% | Increased |
|
| 4 |
State Street
Boston,
Massachusetts
| $3.86B | +$52.9M | 15 | 0.29% | Increased |
|
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.48B | -$165M | 15 | 0.35% | Reduced |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.14B | +$16.9M | 3 | 2.44% | Increased |
|
| 7 |
Fundsmith LLP
London,
United Kingdom
| $1.93B | +$560M | 2 | 9.85% | Increased |
|
| 8 |
Morgan Stanley
New York
| $1.48B | +$179M | 18 | 0.39% | Increased |
|
| 9 |
Bank of New York Mellon
New York
| $1.44B | +$137M | 15 | 0.4% | Increased |
|
| 10 |
Jennison Associates
New York
| $1.4B | -$114M | 3 | 1.48% | Reduced |
|
| 11 |
Northern Trust
Chicago,
Illinois
| $1.31B | -$27.9M | 16 | 0.31% | Reduced |
|
| 12 |
Geode Capital Management
Boston,
Massachusetts
| $1.31B | +$54.4M | 15 | 0.31% | Increased |
|
| 13 |
Edgewood Management
Greenwich,
Connecticut
| $1.23B | -$137M | 1 | 4.03% | Reduced |
|
| 14 |
Norges Bank
Oslo,
Norway
| $1.08B | -$36.7M | 13 | 0.33% | Reduced |
|
| 15 |
Renaissance Technologies
New York
| $1.08B | +$169M | 12 | 0.91% | Increased |
|
| 16 |
Invesco
Atlanta,
Georgia
| $1.01B | +$135M | 15 | 0.27% | Increased |
|
| 17 |
Brown Advisory
Baltimore,
Maryland
| $882M | +$3.59M | 3 | 2.47% | Increased |
|
| 18 |
Goldman Sachs
New York
| $871M | +$112M | 15 | 0.25% | Increased |
|
| 19 |
Bank of America
Charlotte,
North Carolina
| $856M | -$314K | 18 | 0.13% | Reduced |
|
| 20 |
JP Morgan Chase
New York
| $825M | +$24.4M | 15 | 0.16% | Increased |
|
| 21 |
Dimensional Fund Advisors
Austin,
Texas
| $820M | +$46.5M | 16 | 0.32% | Increased |
|
| 22 |
Magellan Asset Management
Sydney,
Australia
| $783M | +$291M | 1 | 2.25% | Increased |
|
| 23 |
Nuveen
Charlotte,
North Carolina
| $771M | -$3.47M | 14 | 0.31% | Reduced |
|
| 24 |
Wells Fargo
San Francisco,
California
| $725M | -$46.5M | 17 | 0.21% | Reduced |
|
| 25 |
American Century Companies
Kansas City,
Missouri
| $642M | -$104M | 6 | 0.64% | Reduced |
|