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
| $11.4B | +$128M | 23 | 0.29% | Increased |
|
| 2 |
BlackRock
New York
| $9.15B | -$336M | 24 | 0.27% | Reduced |
|
| 3 |
State Street
Boston,
Massachusetts
| $4.39B | -$65.6M | 22 | 0.25% | Reduced |
|
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
| $3.65B | -$308M | 15 | 0.55% | Reduced |
|
| 5 |
Fidelity Investments
Boston,
Massachusetts
| $2.91B | -$364M | 20 | 0.27% | Reduced |
|
| 6 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.8B | -$128M | 3 | 2.53% | Reduced |
|
| 7 |
JP Morgan Chase
New York
| $2.53B | +$235M | 22 | 0.31% | Increased |
|
| 8 |
Morgan Stanley
New York
| $2.48B | -$587M | 26 | 0.27% | Reduced |
|
| 9 |
Fundsmith LLP
London,
United Kingdom
| $2.12B | -$58.4M | 2 | 9.16% | Reduced |
|
| 10 |
Geode Capital Management
Boston,
Massachusetts
| $1.95B | +$34.6M | 22 | 0.25% | Increased |
|
| 11 |
Norges Bank
Oslo,
Norway
| $1.66B | -$28.2M | 12 | 0.36% | Reduced |
|
| 12 |
Bank of New York Mellon
New York
| $1.53B | +$218M | 18 | 0.33% | Increased |
|
| 13 |
Edgewood Management
Greenwich,
Connecticut
| $1.5B | -$40.7M | 1 | 4.79% | Reduced |
|
| 14 |
Northern Trust
Chicago,
Illinois
| $1.37B | -$23.4M | 21 | 0.27% | Reduced |
|
| 15 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.35B | -$75.5M | 23 | 0.38% | Reduced |
|
| 16 |
Invesco
Atlanta,
Georgia
| $1.26B | +$32.6M | 18 | 0.35% | Increased |
|
| 17 |
Amundi
Paris,
France
| $1.23B | +$128M | 14 | 0.66% | Increased |
|
| 18 |
Dimensional Fund Advisors
Austin,
Texas
| $1.22B | +$1.22B | 18 | 0.41% | New |
|
| 19 |
Goldman Sachs
New York
| $1.2B | +$99.2M | 21 | 0.28% | Increased |
|
| 20 |
Bank of America
Charlotte,
North Carolina
| $1.17B | +$330M | 24 | 0.12% | Increased |
|
| 21 |
TCP
TSG Consumer Partners
Larkspur,
California
| $1.09B | $0 | 1 | 38.18% | Maintained |
|
| 22 |
Massachusetts Financial Services
Boston,
Massachusetts
| $969M | +$37.1M | 3 | 0.33% | Increased |
|
| 23 |
DZ Bank
Frankfurt Am Main,
Germany
| $947M | +$245M | 5 | 1.56% | Increased |
|
| 24 |
Ninety One (UK)
London,
United Kingdom
| $926M | -$16.7M | 2 | 2.89% | Reduced |
|
| 25 |
Nuveen
Charlotte,
North Carolina
| $847M | +$177M | 17 | 0.31% | Increased |
|