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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
26	Bank of New York Mellon New York	$2.83B	-$386M	9	0.46%	Reduced
27	T. Rowe Price Associates Baltimore, Maryland	$2.74B	-$244M	8	0.27%	Reduced
28	Sanders Capital West Palm Beach, Florida	$2.69B	-$46.2M	2	2.7%	Reduced
29	Vanguard Fiduciary Trust Malvern, Pennsylvania	$2.48B	+$5.63M	9	0.55%	Increased
30	AllianceBernstein Nashville, Tennessee	$2.39B	+$693M	9	0.79%	Increased
31	UBS AM Chicago, Illinois	$2.29B	+$137M	9	0.42%	Increased
32	Legal & General Group London, United Kingdom	$2.11B	-$71.3M	9	0.44%	Reduced
33	Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong	$2.03B	+$160M	7	2.42%	Increased
34	Royal Bank of Canada Toronto, Ontario, Canada	$2.03B	+$224M	9	0.3%	Increased
35	Ameriprise Minneapolis, Minnesota	$1.97B	-$66.6M	9	0.4%	Reduced
36	Nuveen Charlotte, North Carolina	$1.85B	-$277M	9	0.44%	Reduced
37	Amundi Paris, France	$1.65B	+$4.62M	7	0.4%	Increased
38	ClearBridge Investments New York	$1.52B	-$450M	4	1.26%	Reduced
39	Raymond James Financial St Petersburg, Florida	$1.4B	-$61.2M	8	0.38%	Reduced
40	VanEck Associates New York	$1.37B	-$543M	6	0.84%	Reduced
41	AQR Capital Management Greenwich, Connecticut	$1.32B	+$642M	9	0.46%	Increased
42	Clal Insurance Tel-Aviv, Israel	$1.23B	-$2.55M	2	5.5%	Reduced
43	Swiss National Bank Zurich, Switzerland	$1.2B	-$43.1M	9	0.62%	Reduced
44	Envestnet Asset Management Chicago, Illinois	$1.17B	-$22.8M	8	0.28%	Reduced
45	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.16B	+$25.7M	9	0.34%	Increased
46	D.E. Shaw & Co New York	$1.13B	+$766M	9	0.54%	Increased
47	Two Sigma Investments New York	$1.12B	+$338M	9	0.81%	Increased
48	Boston Partners Boston, Massachusetts	$1.01B	+$161M	4	0.9%	Increased
49	Mitsubishi UFJ Asset Management Tokyo, Japan	$978M	+$83M	7	0.54%	Increased
50	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$957M	+$22.9M	5	0.55%	Increased