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
| $11.3B | +$23.3M | 22 | 0.28% | Increased |
|
| 2 |
BlackRock
New York
| $9.51B | -$293M | 23 | 0.27% | Reduced |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $7.08B | -$177M | 19 | 0.56% | Reduced |
|
| 4 |
State Street
Boston,
Massachusetts
| $4.81B | +$103M | 20 | 0.25% | Increased |
|
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
| $4.63B | +$20.5M | 16 | 0.44% | Increased |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $3.61B | +$8.41M | 4 | 1.89% | Increased |
|
| 7 |
Morgan Stanley
New York
| $3.35B | +$47.8M | 25 | 0.45% | Increased |
|
| 8 |
Fundsmith LLP
London,
United Kingdom
| $3.02B | +$130M | 2 | 8.34% | Increased |
|
| 9 |
JP Morgan Chase
New York
| $3.01B | -$196M | 19 | 0.37% | Reduced |
|
| 10 |
Jennison Associates
New York
| $2.21B | +$48.7M | 3 | 1.43% | Increased |
|
| 11 |
Edgewood Management
Greenwich,
Connecticut
| $2.04B | +$2.04M | 1 | 3.43% | Increased |
|
| 12 |
Geode Capital Management
Boston,
Massachusetts
| $1.87B | +$64.7M | 20 | 0.25% | Increased |
|
| 13 |
Invesco
Atlanta,
Georgia
| $1.67B | +$49.5M | 17 | 0.42% | Increased |
|
| 14 |
Norges Bank
Oslo,
Norway
| $1.59B | -$62.4M | 13 | 0.35% | Reduced |
|
| 15 |
Northern Trust
Chicago,
Illinois
| $1.5B | -$264M | 19 | 0.26% | Reduced |
|
| 16 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.35B | +$122M | 20 | 0.36% | Increased |
|
| 17 |
Bank of New York Mellon
New York
| $1.33B | +$26M | 17 | 0.26% | Increased |
|
| 18 |
Massachusetts Financial Services
Boston,
Massachusetts
| $1.2B | -$36.9M | 4 | 0.35% | Reduced |
|
| 19 |
Brown Advisory
Baltimore,
Maryland
| $1.14B | -$145M | 4 | 1.68% | Reduced |
|
| 20 |
Dimensional Fund Advisors
Austin,
Texas
| $1.11B | +$15.4M | 17 | 0.36% | Increased |
|
| 21 |
Bank of America
Charlotte,
North Carolina
| $1.09B | -$54.9M | 23 | 0.11% | Reduced |
|
| 22 |
Goldman Sachs
New York
| $1.04B | +$66.8M | 18 | 0.22% | Increased |
|
| 23 |
Nuveen
Charlotte,
North Carolina
| $951M | -$228M | 15 | 0.29% | Reduced |
|
| 24 |
Ameriprise
Minneapolis,
Minnesota
| $935M | +$98.3M | 15 | 0.3% | Increased |
|
| 25 |
Lone Pine Capital
Greenwich,
Connecticut
| $860M | +$181M | 1 | 2.9% | Increased |
|