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
| $8.85B | +$17.4M | 17 | 0.3% | Increased |
|
| 2 |
BlackRock
New York
| $7B | +$173M | 17 | 0.27% | Increased |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $5.3B | -$412M | 16 | 0.58% | Reduced |
|
| 4 |
State Street
Boston,
Massachusetts
| $4.13B | +$12.7M | 15 | 0.28% | Increased |
|
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.3B | -$2.49M | 3 | 2.23% | Reduced |
|
| 6 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.25B | -$402M | 14 | 0.29% | Reduced |
|
| 7 |
Fundsmith LLP
London,
United Kingdom
| $2.07B | +$46.3M | 2 | 9.78% | Increased |
|
| 8 |
Bank of New York Mellon
New York
| $1.62B | +$65.5M | 15 | 0.42% | Increased |
|
| 9 |
Morgan Stanley
New York
| $1.49B | -$110M | 19 | 0.35% | Reduced |
|
| 10 |
Magellan Asset Management
Sydney,
Australia
| $1.39B | +$544M | 1 | 3.66% | Increased |
|
| 11 |
Geode Capital Management
Boston,
Massachusetts
| $1.37B | -$25.3M | 16 | 0.29% | Reduced |
|
| 12 |
Northern Trust
Chicago,
Illinois
| $1.36B | -$32.1M | 16 | 0.3% | Reduced |
|
| 13 |
Edgewood Management
Greenwich,
Connecticut
| $1.27B | -$1.8M | 1 | 3.8% | Reduced |
|
| 14 |
Jennison Associates
New York
| $1.26B | -$185M | 3 | 1.27% | Reduced |
|
| 15 |
Invesco
Atlanta,
Georgia
| $1.16B | +$30M | 14 | 0.36% | Increased |
|
| 16 |
Norges Bank
Oslo,
Norway
| $1.15B | -$111K | 14 | 0.32% | Reduced |
|
| 17 |
Brown Advisory
Baltimore,
Maryland
| $962M | +$29.9M | 4 | 2.44% | Increased |
|
| 18 |
Goldman Sachs
New York
| $909M | -$14.3M | 15 | 0.23% | Reduced |
|
| 19 |
Renaissance Technologies
New York
| $878M | -$299M | 12 | 0.67% | Reduced |
|
| 20 |
Dimensional Fund Advisors
Austin,
Texas
| $875M | -$14.3M | 16 | 0.32% | Reduced |
|
| 21 |
Bank of America
Charlotte,
North Carolina
| $857M | -$38M | 18 | 0.12% | Reduced |
|
| 22 |
JP Morgan Chase
New York
| $838M | -$61.1M | 15 | 0.16% | Reduced |
|
| 23 |
Nuveen
Charlotte,
North Carolina
| $718M | -$96.9M | 14 | 0.27% | Reduced |
|
| 24 |
UBS Group
Zurich,
Switzerland
| $687M | +$19.2M | 20 | 0.24% | Increased |
|
| 25 |
Wells Fargo
San Francisco,
California
| $676M | -$85.4M | 17 | 0.18% | Reduced |
|