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
| $7.09B | -$43.7M | 18 | 0.25% | Reduced |
|
| 2 |
BlackRock
New York
| $5.62B | +$219M | 18 | 0.22% | Increased |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $4.11B | +$172M | 16 | 0.45% | Increased |
|
| 4 |
State Street
Boston,
Massachusetts
| $3.15B | -$137M | 16 | 0.23% | Reduced |
|
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.45B | +$101M | 3 | 1.87% | Increased |
|
| 6 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.28B | +$146M | 12 | 0.29% | Increased |
|
| 7 |
Fundsmith LLP
London,
United Kingdom
| $1.9B | +$4.85M | 2 | 8.3% | Increased |
|
| 8 |
Morgan Stanley
New York
| $1.74B | -$46.3M | 18 | 0.38% | Reduced |
|
| 9 |
Edgewood Management
Greenwich,
Connecticut
| $1.25B | +$64.3M | 1 | 3.02% | Increased |
|
| 10 |
Norges Bank
Oslo,
Norway
| $1.18B | +$66.6M | 14 | 0.34% | Increased |
|
| 11 |
Northern Trust
Chicago,
Illinois
| $1.14B | -$13.7M | 16 | 0.27% | Reduced |
|
| 12 |
Jennison Associates
New York
| $1.09B | -$311M | 2 | 0.99% | Reduced |
|
| 13 |
Geode Capital Management
Boston,
Massachusetts
| $1.04B | -$6.99M | 16 | 0.22% | Reduced |
|
| 14 |
Brown Advisory
Baltimore,
Maryland
| $989M | +$47.5M | 4 | 2.3% | Increased |
|
| 15 |
Magellan Asset Management
Sydney,
Australia
| $968M | -$393M | 1 | 2.9% | Reduced |
|
| 16 |
Invesco
Atlanta,
Georgia
| $900M | +$95.4M | 13 | 0.32% | Increased |
|
| 17 |
Bank of New York Mellon
New York
| $874M | -$190M | 14 | 0.23% | Reduced |
|
| 18 |
JP Morgan Chase
New York
| $818M | -$53.8M | 16 | 0.16% | Reduced |
|
| 19 |
Capital Research Global Investors
Los Angeles,
California
| $714M | +$19.5M | 2 | 0.23% | Increased |
|
| 20 |
Bank of America
Charlotte,
North Carolina
| $714M | -$260M | 18 | 0.11% | Reduced |
|
| 21 |
Nuveen
Charlotte,
North Carolina
| $641M | +$48.4M | 14 | 0.26% | Increased |
|
| 22 |
AKO Capital
London,
United Kingdom
| $625M | -$28.7M | 2 | 10.9% | Reduced |
|
| 23 |
Dimensional Fund Advisors
Austin,
Texas
| $624M | +$33.5M | 15 | 0.27% | Increased |
|
| 24 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $585M | -$5.82M | 19 | 0.23% | Reduced |
|
| 25 |
Wells Fargo
San Francisco,
California
| $573M | +$27M | 18 | 0.17% | Increased |
|