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
| $6.2B | +$228M | 18 | 0.26% | Increased |
|
| 2 |
BlackRock
New York
| $4.61B | -$171M | 17 | 0.23% | Reduced |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $3.31B | -$415M | 16 | 0.46% | Reduced |
|
| 4 |
State Street
Boston,
Massachusetts
| $2.84B | +$31.6M | 15 | 0.25% | Increased |
|
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.11B | -$34.6M | 3 | 2.29% | Reduced |
|
| 6 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.83B | +$71.4M | 14 | 0.29% | Increased |
|
| 7 |
Fundsmith LLP
London,
United Kingdom
| $1.62B | -$12.7M | 2 | 9.12% | Reduced |
|
| 8 |
Morgan Stanley
New York
| $1.24B | +$218M | 17 | 0.34% | Increased |
|
| 9 |
Jennison Associates
New York
| $1.2B | +$273M | 2 | 1.46% | Increased |
|
| 10 |
Magellan Asset Management
Sydney,
Australia
| $1.17B | +$115M | 1 | 4.02% | Increased |
|
| 11 |
Edgewood Management
Greenwich,
Connecticut
| $999M | +$19M | 1 | 3.32% | Increased |
|
| 12 |
Northern Trust
Chicago,
Illinois
| $999M | +$46M | 16 | 0.29% | Increased |
|
| 13 |
Bank of New York Mellon
New York
| $964M | -$27.3M | 14 | 0.32% | Reduced |
|
| 14 |
Norges Bank
Oslo,
Norway
| $953M | +$139M | 14 | 0.34% | Increased |
|
| 15 |
Geode Capital Management
Boston,
Massachusetts
| $899M | -$30.2M | 14 | 0.23% | Reduced |
|
| 16 |
Bank of America
Charlotte,
North Carolina
| $842M | +$341M | 17 | 0.15% | Increased |
|
| 17 |
Brown Advisory
Baltimore,
Maryland
| $807M | +$49.9M | 4 | 2.47% | Increased |
|
| 18 |
JP Morgan Chase
New York
| $758M | +$267M | 16 | 0.18% | Increased |
|
| 19 |
Capital Research Global Investors
Los Angeles,
California
| $589M | +$365M | 3 | 0.23% | Increased |
|
| 20 |
AKO Capital
London,
United Kingdom
| $580M | +$59.4M | 2 | 12.23% | Increased |
|
| 21 |
Invesco
Atlanta,
Georgia
| $578M | -$16.4M | 13 | 0.24% | Reduced |
|
| 22 |
Capital World Investors
Los Angeles,
California
| $559M | +$246M | 2 | 0.16% | Increased |
|
| 23 |
Dimensional Fund Advisors
Austin,
Texas
| $523M | +$53.3M | 15 | 0.27% | Increased |
|
| 24 |
Goldman Sachs
New York
| $503M | -$182M | 15 | 0.18% | Reduced |
|
| 25 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $502M | +$10.4M | 19 | 0.24% | Increased |
|