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
| $10.4B | +$84.5M | 18 | 0.3% | Increased |
|
| 2 |
BlackRock
New York
| $8.74B | -$280M | 18 | 0.28% | Reduced |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $6.76B | +$249M | 16 | 0.6% | Increased |
|
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
| $4.58B | +$961M | 13 | 0.47% | Increased |
|
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $4.44B | -$101M | 4 | 2.47% | Reduced |
|
| 6 |
State Street
Boston,
Massachusetts
| $4.27B | -$221M | 16 | 0.26% | Reduced |
|
| 7 |
Morgan Stanley
New York
| $3.98B | +$651M | 19 | 0.61% | Increased |
|
| 8 |
Fundsmith LLP
London,
United Kingdom
| $2.62B | -$3.11M | 2 | 8.69% | Reduced |
|
| 9 |
Jennison Associates
New York
| $2.55B | +$979M | 3 | 1.82% | Increased |
|
| 10 |
Edgewood Management
Greenwich,
Connecticut
| $2.29B | -$39M | 1 | 4.55% | Reduced |
|
| 11 |
JP Morgan Chase
New York
| $1.87B | +$211M | 16 | 0.27% | Increased |
|
| 12 |
Norges Bank
Oslo,
Norway
| $1.66B | -$47.2M | 13 | 0.39% | Reduced |
|
| 13 |
Northern Trust
Chicago,
Illinois
| $1.61B | -$21.4M | 17 | 0.31% | Reduced |
|
| 14 |
Geode Capital Management
Boston,
Massachusetts
| $1.56B | +$33.8M | 16 | 0.26% | Increased |
|
| 15 |
Invesco
Atlanta,
Georgia
| $1.5B | -$279M | 14 | 0.44% | Reduced |
|
| 16 |
Goldman Sachs
New York
| $1.39B | +$379M | 15 | 0.36% | Increased |
|
| 17 |
Brown Advisory
Baltimore,
Maryland
| $1.33B | +$19.9M | 4 | 2.37% | Increased |
|
| 18 |
Bank of New York Mellon
New York
| $1.09B | -$122M | 16 | 0.24% | Reduced |
|
| 19 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $972M | +$77.4M | 19 | 0.28% | Increased |
|
| 20 |
Bank of America
Charlotte,
North Carolina
| $969M | -$61.1M | 18 | 0.12% | Reduced |
|
| 21 |
Magellan Asset Management
Sydney,
Australia
| $948M | -$59.6M | 1 | 2.19% | Reduced |
|
| 22 |
Massachusetts Financial Services
Boston,
Massachusetts
| $940M | +$187M | 2 | 0.3% | Increased |
|
| 23 |
Dimensional Fund Advisors
Austin,
Texas
| $938M | -$29.7M | 15 | 0.34% | Reduced |
|
| 24 |
Nuveen
Charlotte,
North Carolina
| $890M | -$114M | 14 | 0.3% | Reduced |
|
| 25 |
Wells Fargo
San Francisco,
California
| $855M | +$29.4M | 18 | 0.21% | Increased |
|