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
| $10.5B | +$247M | 21 | 0.19% | Increased |
|
| 2 |
BlackRock
New York
| $6.37B | -$122M | 22 | 0.13% | Reduced |
|
| 3 |
State Street
Boston,
Massachusetts
| $3.02B | +$164M | 19 | 0.12% | Increased |
|
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
| $2.75B | -$78.1M | 2 | 2.06% | Reduced |
|
| 5 |
Fidelity Investments
Boston,
Massachusetts
| $2.43B | -$117M | 17 | 0.15% | Reduced |
|
| 6 |
Amundi
Paris,
France
| $2.05B | +$743M | 11 | 0.75% | Increased |
|
| 7 |
Morgan Stanley
New York
| $1.95B | -$9.28M | 25 | 0.14% | Reduced |
|
| 8 |
Bank of America
Charlotte,
North Carolina
| $1.82B | +$57.6M | 23 | 0.15% | Increased |
|
| 9 |
JP Morgan Chase
New York
| $1.8B | +$80.4M | 19 | 0.14% | Increased |
|
| 10 |
Norges Bank
Oslo,
Norway
| $1.69B | -$81.9M | 11 | 0.24% | Reduced |
|
| 11 |
Goldman Sachs
New York
| $1.57B | -$7.94M | 18 | 0.25% | Reduced |
|
| 12 |
Geode Capital Management
Boston,
Massachusetts
| $1.49B | +$21.1M | 20 | 0.12% | Increased |
|
| 13 |
Jennison Associates
New York
| $1.47B | +$1.19B | 2 | 0.91% | Increased |
|
| 14 |
Bank of New York Mellon
New York
| $1.41B | +$9.1M | 16 | 0.26% | Increased |
|
| 15 |
Ameriprise
Minneapolis,
Minnesota
| $1.25B | +$287M | 15 | 0.32% | Increased |
|
| 16 |
Invesco
Atlanta,
Georgia
| $1.21B | +$58.1M | 18 | 0.23% | Increased |
|
| 17 |
Dimensional Fund Advisors
Austin,
Texas
| $1.08B | +$13M | 16 | 0.26% | Increased |
|
| 18 |
BOI
Bank of Italy
Rome,
Italy
| $1.07B | $0 | 1 | 43.91% | Maintained |
|
| 19 |
AllianceBernstein
Nashville,
Tennessee
| $1.06B | -$100M | 14 | 0.36% | Reduced |
|
| 20 |
T. Rowe Price Associates
Baltimore,
Maryland
| $1.02B | +$72.9M | 15 | 0.12% | Increased |
|
| 21 |
Charles Schwab
San Francisco,
California
| $1B | +$15.4M | 15 | 0.19% | Increased |
|
| 22 |
Marshall Wace
London,
United Kingdom
| $926M | +$132M | 10 | 1.13% | Increased |
|
| 23 |
Northern Trust
Chicago,
Illinois
| $866M | -$30M | 18 | 0.14% | Reduced |
|
| 24 |
Capital Research Global Investors
Los Angeles,
California
| $830M | -$104M | 3 | 0.17% | Reduced |
|
| 25 |
Select Equity Group
New York
| $803M | +$41.5M | 3 | 2.88% | Increased |
|