His top consumer defensive stock pick is Coca-Cola ( KO ), followed by second and third choices Procter & Gamble Co. ( PG ) and Wal-Mart Stores Inc. ( WMT ). Bass' largest position in the sector, Tempur-Pedic International Inc. ( TPX ) is a $2.78 billion market cap mattress and pillow company with a presence in 80 countries. The international exposure is consistent with Bass' admonition in a CNBC interview this week to own productive assets such as global businesses that sells things in different currencies to protect against inflation he sees looming.