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
| $11.1B | -$204M | 20 | 0.3% | Reduced |
|
| 2 |
BlackRock
New York
| $9.69B | -$44.1M | 22 | 0.28% | Reduced |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $7.7B | +$171M | 18 | 0.66% | Increased |
|
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
| $4.64B | +$362M | 15 | 0.46% | Increased |
|
| 5 |
State Street
Boston,
Massachusetts
| $4.61B | -$46.6M | 16 | 0.26% | Reduced |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $4.15B | +$34.3M | 4 | 2.32% | Increased |
|
| 7 |
Morgan Stanley
New York
| $3.08B | -$720M | 23 | 0.45% | Reduced |
|
| 8 |
JP Morgan Chase
New York
| $2.95B | +$820M | 18 | 0.39% | Increased |
|
| 9 |
Jennison Associates
New York
| $2.91B | +$342M | 4 | 2.13% | Increased |
|
| 10 |
Fundsmith LLP
London,
United Kingdom
| $2.75B | +$77.1M | 2 | 8.76% | Increased |
|
| 11 |
Edgewood Management
Greenwich,
Connecticut
| $2B | -$481M | 1 | 3.95% | Reduced |
|
| 12 |
Geode Capital Management
Boston,
Massachusetts
| $1.79B | +$51.5M | 18 | 0.27% | Increased |
|
| 13 |
Invesco
Atlanta,
Georgia
| $1.79B | +$404M | 16 | 0.48% | Increased |
|
| 14 |
Northern Trust
Chicago,
Illinois
| $1.76B | +$5.1M | 19 | 0.33% | Increased |
|
| 15 |
Norges Bank
Oslo,
Norway
| $1.7B | -$37.5M | 14 | 0.39% | Reduced |
|
| 16 |
Credit Suisse
Zurich,
Switzerland
| $1.69B | +$1.17B | 14 | 0.87% | Increased |
|
| 17 |
Brown Advisory
Baltimore,
Maryland
| $1.31B | -$15.2M | 4 | 2.23% | Reduced |
|
| 18 |
Bank of New York Mellon
New York
| $1.29B | +$54.8M | 16 | 0.26% | Increased |
|
| 19 |
Bank of America
Charlotte,
North Carolina
| $1.28B | +$246M | 20 | 0.14% | Increased |
|
| 20 |
Massachusetts Financial Services
Boston,
Massachusetts
| $1.19B | +$161M | 4 | 0.36% | Increased |
|
| 21 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.18B | +$114M | 19 | 0.34% | Increased |
|
| 22 |
Dimensional Fund Advisors
Austin,
Texas
| $1.12B | -$31.8M | 17 | 0.37% | Reduced |
|
| 23 |
Magellan Asset Management
Sydney,
Australia
| $1.06B | +$27M | 1 | 2.23% | Increased |
|
| 24 |
Goldman Sachs
New York
| $1.06B | -$398M | 16 | 0.27% | Reduced |
|
| 25 |
Nuveen
Charlotte,
North Carolina
| $1.06B | +$75.5M | 14 | 0.34% | Increased |
|