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
| $9.13B | +$112M | 23 | 0.27% | Increased |
|
| 2 |
BlackRock
New York
| $7.73B | -$84.6M | 23 | 0.26% | Reduced |
|
| 3 |
State Street
Boston,
Massachusetts
| $3.74B | -$7.36M | 23 | 0.24% | Reduced |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $3.16B | -$952M | 21 | 0.33% | Reduced |
|
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
| $2.67B | -$319M | 17 | 0.44% | Reduced |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.65B | -$60.9M | 4 | 2.73% | Reduced |
|
| 7 |
Morgan Stanley
New York
| $2.38B | -$86.6M | 26 | 0.32% | Reduced |
|
| 8 |
Fundsmith LLP
London,
United Kingdom
| $2.1B | +$2.15M | 2 | 9.97% | Increased |
|
| 9 |
Geode Capital Management
Boston,
Massachusetts
| $1.59B | +$13M | 23 | 0.24% | Increased |
|
| 10 |
JP Morgan Chase
New York
| $1.58B | +$20.1M | 22 | 0.23% | Increased |
|
| 11 |
Edgewood Management
Greenwich,
Connecticut
| $1.52B | -$117M | 1 | 5.28% | Reduced |
|
| 12 |
Jennison Associates
New York
| $1.37B | -$159M | 3 | 1.36% | Reduced |
|
| 13 |
Norges Bank
Oslo,
Norway
| $1.16B | +$37.9M | 14 | 0.31% | Increased |
|
| 14 |
Northern Trust
Chicago,
Illinois
| $1.14B | -$29.6M | 21 | 0.26% | Reduced |
|
| 15 |
Bank of New York Mellon
New York
| $1.12B | -$37.7M | 19 | 0.27% | Reduced |
|
| 16 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.1B | +$89.7M | 23 | 0.35% | Increased |
|
| 17 |
Invesco
Atlanta,
Georgia
| $1.06B | +$43.2M | 18 | 0.34% | Increased |
|
| 18 |
Amundi
Paris,
France
| $1.03B | +$268M | 12 | 0.61% | Increased |
|
| 19 |
TCP
TSG Consumer Partners
Larkspur,
California
| $989M | -$100M | 1 | 34.73% | Reduced |
|
| 20 |
Ninety One (UK)
London,
United Kingdom
| $912M | +$226M | 2 | 3.01% | Increased |
|
| 21 |
Dimensional Fund Advisors
Austin,
Texas
| $902M | +$30.5M | 17 | 0.35% | Increased |
|
| 22 |
Goldman Sachs
New York
| $859M | +$7.98M | 19 | 0.22% | Increased |
|
| 23 |
Brown Advisory
Baltimore,
Maryland
| $779M | -$41.7M | 3 | 1.52% | Reduced |
|
| 24 |
Massachusetts Financial Services
Boston,
Massachusetts
| $760M | -$16.4M | 2 | 0.28% | Reduced |
|
| 25 |
Ameriprise
Minneapolis,
Minnesota
| $742M | -$1.72M | 15 | 0.27% | Reduced |
|