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
| $10.7B | +$45.1M | 23 | 0.29% | Increased |
|
| 2 |
BlackRock
New York
| $9.01B | -$41M | 23 | 0.28% | Reduced |
|
| 3 |
State Street
Boston,
Massachusetts
| $4.37B | +$44.3M | 23 | 0.26% | Increased |
|
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
| $3.43B | +$318M | 16 | 0.55% | Increased |
|
| 5 |
Fidelity Investments
Boston,
Massachusetts
| $3.23B | -$680M | 21 | 0.32% | Reduced |
|
| 6 |
Morgan Stanley
New York
| $2.88B | +$162M | 27 | 0.33% | Increased |
|
| 7 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.49B | -$344M | 4 | 2.59% | Reduced |
|
| 8 |
Fundsmith LLP
London,
United Kingdom
| $2.21B | -$67.1M | 2 | 10.08% | Reduced |
|
| 9 |
JP Morgan Chase
New York
| $2.1B | +$178M | 22 | 0.28% | Increased |
|
| 10 |
Geode Capital Management
Boston,
Massachusetts
| $1.87B | +$28.1M | 22 | 0.26% | Increased |
|
| 11 |
Norges Bank
Oslo,
Norway
| $1.59B | +$240M | 12 | 0.38% | Increased |
|
| 12 |
Edgewood Management
Greenwich,
Connecticut
| $1.55B | -$175M | 1 | 5.5% | Reduced |
|
| 13 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.41B | +$130M | 21 | 0.4% | Increased |
|
| 14 |
Northern Trust
Chicago,
Illinois
| $1.32B | -$4.95M | 21 | 0.28% | Reduced |
|
| 15 |
Bank of New York Mellon
New York
| $1.23B | -$59.5M | 19 | 0.28% | Reduced |
|
| 16 |
Jennison Associates
New York
| $1.22B | -$319M | 3 | 1.24% | Reduced |
|
| 17 |
Invesco
Atlanta,
Georgia
| $1.14B | -$9.82M | 18 | 0.33% | Reduced |
|
| 18 |
TCP
TSG Consumer Partners
Larkspur,
California
| $1.14B | $0 | 1 | 39.65% | Maintained |
|
| 19 |
Amundi
Paris,
France
| $1.09B | -$112M | 12 | 0.6% | Reduced |
|
| 20 |
Goldman Sachs
New York
| $1.07B | +$80.4M | 21 | 0.26% | Increased |
|
| 21 |
Massachusetts Financial Services
Boston,
Massachusetts
| $937M | +$60.6M | 3 | 0.33% | Increased |
|
| 22 |
Ninety One (UK)
London,
United Kingdom
| $917M | -$150M | 2 | 2.94% | Reduced |
|
| 23 |
Ameriprise
Minneapolis,
Minnesota
| $850M | -$73.1M | 15 | 0.29% | Reduced |
|
| 24 |
Brown Advisory
Baltimore,
Maryland
| $792M | -$64.1M | 3 | 1.47% | Reduced |
|
| 25 |
Bank of America
Charlotte,
North Carolina
| $786M | +$40M | 25 | 0.09% | Increased |
|