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
| $9.47B | +$333M | 23 | 0.23% | Increased |
|
| 2 |
BlackRock
New York
| $6.63B | -$200M | 23 | 0.19% | Reduced |
|
| 3 |
State Street
Boston,
Massachusetts
| $3.15B | -$43.7M | 22 | 0.17% | Reduced |
|
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.48B | -$17.3M | 4 | 2.26% | Reduced |
|
| 5 |
Fidelity Investments
Boston,
Massachusetts
| $2B | -$162M | 19 | 0.17% | Reduced |
|
| 6 |
Morgan Stanley
New York
| $1.94B | +$76.6M | 27 | 0.2% | Increased |
|
| 7 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.81B | -$630M | 15 | 0.27% | Reduced |
|
| 8 |
JP Morgan Chase
New York
| $1.63B | -$441M | 24 | 0.18% | Reduced |
|
| 9 |
Geode Capital Management
Boston,
Massachusetts
| $1.45B | +$26.6M | 21 | 0.17% | Increased |
|
| 10 |
Norges Bank
Oslo,
Norway
| $1.42B | +$158M | 12 | 0.29% | Increased |
|
| 11 |
Bank of New York Mellon
New York
| $1.31B | +$38.4M | 18 | 0.29% | Increased |
|
| 12 |
Edgewood Management
Greenwich,
Connecticut
| $1.23B | +$170M | 1 | 4.02% | Increased |
|
| 13 |
Amundi
Paris,
France
| $1.2B | +$272M | 13 | 0.59% | Increased |
|
| 14 |
Invesco
Atlanta,
Georgia
| $1.1B | +$57.9M | 18 | 0.3% | Increased |
|
| 15 |
Northern Trust
Chicago,
Illinois
| $1.01B | +$23M | 19 | 0.19% | Increased |
|
| 16 |
Dimensional Fund Advisors
Austin,
Texas
| $987M | -$73.6M | 17 | 0.32% | Reduced |
|
| 17 |
Goldman Sachs
New York
| $946M | -$29.2M | 18 | 0.2% | Reduced |
|
| 18 |
Capital International Investors
Los Angeles,
California
| $826M | +$160M | 2 | 0.21% | Increased |
|
| 19 |
AllianceBernstein
Nashville,
Tennessee
| $814M | +$36.2M | 13 | 0.35% | Increased |
|
| 20 |
Bank of America
Charlotte,
North Carolina
| $743M | -$304M | 25 | 0.08% | Reduced |
|
| 21 |
Royal Bank of Canada
Toronto,
Ontario, Canada
| $742M | -$157M | 23 | 0.2% | Reduced |
|
| 22 |
Legal & General Group
London,
United Kingdom
| $717M | +$290M | 16 | 0.25% | Increased |
|
| 23 |
Select Equity Group
New York
| $700M | +$13M | 3 | 2.87% | Increased |
|
| 24 |
Fundsmith LLP
London,
United Kingdom
| $697M | -$1.07B | 1 | 3.17% | Reduced |
|
| 25 |
Victory Capital Management
San Antonio,
Texas
| $692M | -$82.7M | 11 | 0.8% | Reduced |
|