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Tobacco & Nicotine

Tobacco combines falling volumes with strong pricing, and is shifting towards vapour and oral products that carry lower regulatory risk. Cash generation is the whole investment case.

13 stocks

# Name Holding Trade Value Theme
Stocks
% of
Portfolio
Status
26
WCM Investment Management
WCM Investment Management
California
$2.03B -$85.1M 2 3.68% Reduced
27
Legal & General Group
Legal & General Group
United Kingdom
$1.95B -$189M 6 0.41% Reduced
28
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$1.73B -$102M 7 0.26% Reduced
29
UBS AM
UBS AM
Illinois
$1.72B +$252M 6 0.31% Increased
30
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
$1.71B -$21.2M 3 0.54% Reduced
31
Raymond James Financial
Raymond James Financial
Florida
$1.69B +$160M 5 0.46% Increased
32
Envestnet Asset Management
Envestnet Asset Management
Illinois
$1.68B +$82.1M 4 0.4% Increased
33
Wells Fargo
Wells Fargo
California
$1.56B +$93.6M 6 0.25% Increased
34
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$1.45B +$137M 2 0.8% Increased
35
UBS Group
UBS Group
Switzerland
$1.38B +$34.2M 10 0.18% Increased
36
Ninety One (UK)
Ninety One (UK)
United Kingdom
$1.3B +$4.39M 3 2.91% Increased
37
First Eagle Investment Management
First Eagle Investment Management
New York
$1.18B +$8.76M 2 1.94% Increased
38
Swiss National Bank
Swiss National Bank
Switzerland
$1.14B -$44.6M 4 0.6% Reduced
39
First Trust Advisors
First Trust Advisors
Illinois
$1.12B +$424M 5 0.66% Increased
40
Boston Partners
Boston Partners
Massachusetts
$1.11B +$56.5M 3 0.99% Increased
41
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
$1.09B +$15.8M 6 0.2% Increased
42
National Pension Service
National Pension Service
South Korea
$1.03B +$30.2M 2 0.67% Increased
43
LPL Financial
LPL Financial
California
$1.01B +$46.9M 4 0.23% Increased
44
Federated Hermes
Federated Hermes
Pennsylvania
$976M -$50.7M 3 1.4% Reduced
45
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$960M -$433M 4 0.43% Reduced
46
AQR Capital Management
AQR Capital Management
Connecticut
$906M -$25.2M 6 0.32% Reduced
47
Vanguard Global Advisers
Vanguard Global Advisers
Pennsylvania
$875M -$14.4M 6 0.41% Reduced
48
Barclays
Barclays
United Kingdom
$864M -$478M 8 0.17% Reduced
49
Deutsche Bank
Deutsche Bank
Germany
$860M +$63.5M 5 0.25% Increased
50
Vanguard Asset Management
Vanguard Asset Management
$833M +$93.8M 5 0.56% Increased