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Munitions Restocking

Munitions restocking covers the artillery, missiles, and propellant being replaced after inventories were drawn down faster than they could be built. Capacity expansion here is slow and capital intensive.

11 stocks

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
1	BlackRock New York	$35.8B	+$780M	9	0.53%	Increased
2	State Street Boston, Massachusetts	$28.6B	+$709M	9	0.84%	Increased
3	Vanguard Capital Management Malvern, Pennsylvania	$26.6B	+$218M	9	0.57%	Increased
4	Vanguard Portfolio Management Malvern, Pennsylvania	$11B	+$85.9M	9	0.5%	Increased
5	Capital Research Global Investors Los Angeles, California	$10.2B	-$348M	3	1.43%	Reduced
6	Geode Capital Management Boston, Massachusetts	$10B	-$71.9M	9	0.54%	Reduced
7	Morgan Stanley New York	$9.27B	+$87.4M	9	0.49%	Increased
8	JP Morgan Chase New York	$8.35B	-$964M	9	0.46%	Reduced
9	Dodge & Cox San Francisco, California	$7.69B	-$51.7M	2	4.03%	Reduced
10	Capital International Investors Los Angeles, California	$7.17B	-$1.05B	2	1.48%	Reduced
11	Bank of America Charlotte, North Carolina	$6.75B	-$239M	9	0.44%	Reduced
12	Capital World Investors Los Angeles, California	$6.52B	-$2.57B	4	0.77%	Reduced
13	Invesco Atlanta, Georgia	$4.56B	+$469M	9	0.36%	Increased
14	Fisher Asset Management Camas, Washington	$4.42B	+$112M	3	1.32%	Increased
15	Franklin Resources San Mateo, California	$4.4B	+$85.8M	7	0.95%	Increased
16	Wellington Management Group Boston, Massachusetts	$4.28B	-$39.1M	5	0.74%	Reduced
17	Norges Bank Oslo, Norway	$4.07B	+$3.93B	5	0.41%	New
18	Goldman Sachs New York	$3.59B	+$76M	9	0.31%	Increased
19	Northern Trust Chicago, Illinois	$3.52B	-$41.2M	9	0.41%	Reduced
20	Wells Fargo San Francisco, California	$3.23B	-$34.8M	9	0.52%	Reduced
21	Massachusetts Financial Services Boston, Massachusetts	$3.16B	-$679M	4	1%	Reduced
22	Charles Schwab San Francisco, California	$3.1B	+$677K	9	0.41%	Increased
23	Fidelity Investments Boston, Massachusetts	$3.04B	-$1.02B	9	0.13%	Reduced
24	Dimensional Fund Advisors Austin, Texas	$3.02B	+$133M	9	0.55%	Increased
25	UBS Group Zurich, Switzerland	$2.95B	+$122M	9	0.37%	Increased