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
| $7.88B | -$143M | 18 | 0.26% | Reduced |
|
| 2 |
BlackRock
New York
| $6.57B | +$204M | 17 | 0.24% | Increased |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $4.55B | -$237M | 16 | 0.46% | Reduced |
|
| 4 |
State Street
Boston,
Massachusetts
| $3.54B | -$63.6M | 16 | 0.24% | Reduced |
|
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $3.27B | +$570M | 3 | 2.25% | Increased |
|
| 6 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.39B | -$150M | 13 | 0.28% | Reduced |
|
| 7 |
Fundsmith LLP
London,
United Kingdom
| $2.26B | +$36.4M | 2 | 8.81% | Increased |
|
| 8 |
Edgewood Management
Greenwich,
Connecticut
| $1.92B | +$443M | 1 | 4.22% | Increased |
|
| 9 |
Morgan Stanley
New York
| $1.82B | -$443M | 17 | 0.35% | Reduced |
|
| 10 |
Northern Trust
Chicago,
Illinois
| $1.28B | -$6.17M | 16 | 0.28% | Reduced |
|
| 11 |
Norges Bank
Oslo,
Norway
| $1.27B | -$54.6M | 13 | 0.34% | Reduced |
|
| 12 |
JP Morgan Chase
New York
| $1.18B | +$310M | 17 | 0.2% | Increased |
|
| 13 |
Geode Capital Management
Boston,
Massachusetts
| $1.17B | -$5.43M | 16 | 0.23% | Reduced |
|
| 14 |
Brown Advisory
Baltimore,
Maryland
| $1.15B | -$5.32M | 4 | 2.38% | Reduced |
|
| 15 |
Jennison Associates
New York
| $1.04B | -$213M | 2 | 0.83% | Reduced |
|
| 16 |
Invesco
Atlanta,
Georgia
| $970M | -$127M | 13 | 0.33% | Reduced |
|
| 17 |
Bank of New York Mellon
New York
| $881M | -$76.9M | 14 | 0.22% | Reduced |
|
| 18 |
Bank of America
Charlotte,
North Carolina
| $836M | +$17.9M | 18 | 0.11% | Increased |
|
| 19 |
Magellan Asset Management
Sydney,
Australia
| $831M | -$272M | 1 | 2.12% | Reduced |
|
| 20 |
Capital Research Global Investors
Los Angeles,
California
| $820M | -$4.98M | 2 | 0.25% | Reduced |
|
| 21 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $723M | +$42M | 18 | 0.26% | Increased |
|
| 22 |
Nuveen
Charlotte,
North Carolina
| $722M | -$34.5M | 14 | 0.28% | Reduced |
|
| 23 |
AKO Capital
London,
United Kingdom
| $686M | -$10.5M | 2 | 10.77% | Reduced |
|
| 24 |
Wells Fargo
San Francisco,
California
| $673M | +$21.4M | 18 | 0.19% | Increased |
|
| 25 |
Goldman Sachs
New York
| $652M | +$14M | 14 | 0.19% | Increased |
|