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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
76
Principal Financial Group
Principal Financial Group
Iowa
$464M -$1.11M 4 0.23% Reduced
77
Orbis Allan Gray
Orbis Allan Gray
Bermuda
$456M -$19.4M 1 1.57% Reduced
78
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$448M -$16M 6 0.56% Reduced
79
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale
Germany
$439M $0 2 0.74% Maintained
80
Stifel Financial
Stifel Financial
Missouri
$438M +$12.1M 4 0.36% Increased
81
Panagora Asset Management
Panagora Asset Management
Massachusetts
$437M +$14.1M 2 1.34% Increased
82
Allianz Asset Management
Allianz Asset Management
Germany
$414M -$37.8M 3 0.34% Reduced
83
SEI Investments
SEI Investments
Pennsylvania
$410M -$97.1M 6 0.36% Reduced
84
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
$404M +$349M 3 0.5% Increased
85
Alyeska Investment Group
Alyeska Investment Group
Illinois
$379M +$11.3M 2 0.98% Increased
86
AssetMark Inc
AssetMark Inc
California
$368M +$6.39M 5 0.63% Increased
87
Adage Capital Partners
Adage Capital Partners
Massachusetts
$359M -$1.88M 2 0.5% Reduced
88
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$354M +$54.3M 1 0.32% Increased
89
Victory Capital Management
Victory Capital Management
Texas
$347M -$96.6M 4 0.19% Reduced
90
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$346M -$9.51M 3 0.57% Reduced
91
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
$346M -$11.3M 3 0.35% Reduced
92
Neuberger Berman Group
Neuberger Berman Group
New York
$343M +$21.5M 5 0.23% Increased
93
Swiss Life Asset Management
Swiss Life Asset Management
$341M -$9.28M 2 1.41% Reduced
94
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$337M -$6.51M 3 1.17% Reduced
95
First Manhattan
First Manhattan
New York
$327M -$1.32M 2 0.83% Reduced
96
Russell Investments Group
Russell Investments Group
United Kingdom
$318M -$12.3M 7 0.28% Reduced
97
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$314M +$91.6M 2 0.47% Increased
98
Macquarie Group
Macquarie Group
Australia
$311M +$54.9M 2 1.34% Increased
99
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$311M -$27.4M 3 0.57% Reduced
100
Prudential Financial
Prudential Financial
New Jersey
$295M -$46.1M 4 0.32% Reduced