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
| $13.7B | +$189M | 22 | 0.31% | Increased |
|
| 2 |
BlackRock
New York
| $12.2B | +$875M | 22 | 0.31% | Increased |
|
| 3 |
Fidelity Investments
Boston,
Massachusetts
| $8.25B | -$186M | 20 | 0.61% | Reduced |
|
| 4 |
State Street
Boston,
Massachusetts
| $5.88B | +$155M | 20 | 0.28% | Increased |
|
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
| $4.94B | -$210M | 17 | 0.44% | Reduced |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $4.73B | +$519M | 4 | 2.6% | Increased |
|
| 7 |
Morgan Stanley
New York
| $3.84B | +$198M | 26 | 0.47% | Increased |
|
| 8 |
Fundsmith LLP
London,
United Kingdom
| $3.78B | +$186M | 2 | 9.22% | Increased |
|
| 9 |
JP Morgan Chase
New York
| $3.51B | -$7.6M | 19 | 0.41% | Reduced |
|
| 10 |
Jennison Associates
New York
| $2.62B | -$90.6M | 3 | 1.66% | Reduced |
|
| 11 |
Edgewood Management
Greenwich,
Connecticut
| $2.51B | -$7.66M | 1 | 4.13% | Reduced |
|
| 12 |
Geode Capital Management
Boston,
Massachusetts
| $2.32B | +$86.6M | 21 | 0.28% | Increased |
|
| 13 |
Northern Trust
Chicago,
Illinois
| $1.85B | +$41M | 20 | 0.3% | Increased |
|
| 14 |
Invesco
Atlanta,
Georgia
| $1.78B | +$72.5M | 17 | 0.43% | Increased |
|
| 15 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.77B | +$123M | 21 | 0.4% | Increased |
|
| 16 |
Norges Bank
Oslo,
Norway
| $1.77B | -$115M | 12 | 0.36% | Reduced |
|
| 17 |
TCP
TSG Consumer Partners
Larkspur,
California
| $1.73B | +$1.54B | 1 | 33.63% | New |
|
| 18 |
Bank of New York Mellon
New York
| $1.68B | +$86M | 18 | 0.3% | Increased |
|
| 19 |
Goldman Sachs
New York
| $1.63B | +$482M | 17 | 0.32% | Increased |
|
| 20 |
Brown Advisory
Baltimore,
Maryland
| $1.61B | +$242M | 7 | 2% | Increased |
|
| 21 |
Massachusetts Financial Services
Boston,
Massachusetts
| $1.42B | -$11.6M | 4 | 0.39% | Reduced |
|
| 22 |
Ameriprise
Minneapolis,
Minnesota
| $1.31B | +$183M | 14 | 0.36% | Increased |
|
| 23 |
Bank of America
Charlotte,
North Carolina
| $1.28B | -$14.9M | 24 | 0.12% | Reduced |
|
| 24 |
Dimensional Fund Advisors
Austin,
Texas
| $1.26B | -$62.2M | 17 | 0.38% | Reduced |
|
| 25 |
Nuveen
Charlotte,
North Carolina
| $1.16B | -$3.55M | 15 | 0.34% | Reduced |
|