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
| $12.3B | +$254M | 21 | 0.31% | Increased |
|
| 2 |
BlackRock
New York
| $10.7B | +$176M | 23 | 0.3% | Increased |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $8.17B | -$53.8M | 19 | 0.64% | Reduced |
|
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
| $5.2B | +$517M | 16 | 0.48% | Increased |
|
| 5 |
State Street
Boston,
Massachusetts
| $5.15B | +$148M | 19 | 0.27% | Increased |
|
| 6 |
Morgan Stanley
New York
| $3.92B | +$777M | 24 | 0.52% | Increased |
|
| 7 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $3.81B | -$346M | 4 | 1.86% | Reduced |
|
| 8 |
JP Morgan Chase
New York
| $3.49B | +$382M | 21 | 0.42% | Increased |
|
| 9 |
Fundsmith LLP
London,
United Kingdom
| $3.12B | +$111M | 2 | 8.64% | Increased |
|
| 10 |
Jennison Associates
New York
| $2.29B | -$815M | 3 | 1.52% | Reduced |
|
| 11 |
Edgewood Management
Greenwich,
Connecticut
| $2.17B | -$16.5M | 1 | 3.66% | Reduced |
|
| 12 |
Invesco
Atlanta,
Georgia
| $1.99B | +$196M | 16 | 0.49% | Increased |
|
| 13 |
Geode Capital Management
Boston,
Massachusetts
| $1.98B | +$33.7M | 20 | 0.27% | Increased |
|
| 14 |
Northern Trust
Chicago,
Illinois
| $1.87B | -$40.7M | 19 | 0.33% | Reduced |
|
| 15 |
Norges Bank
Oslo,
Norway
| $1.78B | -$27M | 15 | 0.38% | Reduced |
|
| 16 |
Bank of New York Mellon
New York
| $1.43B | +$40.2M | 17 | 0.28% | Increased |
|
| 17 |
Brown Advisory
Baltimore,
Maryland
| $1.38B | -$39.9M | 4 | 2.08% | Reduced |
|
| 18 |
Massachusetts Financial Services
Boston,
Massachusetts
| $1.32B | +$21M | 4 | 0.39% | Increased |
|
| 19 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.32B | +$29.9M | 20 | 0.35% | Increased |
|
| 20 |
Nuveen
Charlotte,
North Carolina
| $1.25B | +$99.5M | 15 | 0.37% | Increased |
|
| 21 |
Bank of America
Charlotte,
North Carolina
| $1.25B | -$111M | 23 | 0.13% | Reduced |
|
| 22 |
Dimensional Fund Advisors
Austin,
Texas
| $1.19B | -$56.7M | 17 | 0.38% | Reduced |
|
| 23 |
Goldman Sachs
New York
| $1.09B | -$59.4M | 19 | 0.24% | Reduced |
|
| 24 |
Lone Pine Capital
Greenwich,
Connecticut
| $950M | +$246M | 1 | 3.06% | Increased |
|
| 25 |
Ameriprise
Minneapolis,
Minnesota
| $936M | +$69.6M | 16 | 0.29% | Increased |
|