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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	Norges Bank Oslo, Norway	$914M	+$694K	5	0.52%	Increased
27	LSV Asset Management Chicago, Illinois	$907M	-$50.2M	6	2.11%	Reduced
28	Jennison Associates New York	$869M	+$5.15M	1	0.83%	Increased
29	Evercore Trust Company New York	$824M	$0	1	2.96%	Maintained
30	UBS AM Chicago, Illinois	$804M	+$89.3M	7	0.86%	Increased
31	BlackRock Investment Management Wilmington, Delaware	$799M	-$9.29M	8	1.16%	Reduced
32	AllianceBernstein Nashville, Tennessee	$784M	+$104M	9	0.68%	Increased
33	Managed Account Advisors Jersey City, New Jersey	$725M	-$3.74M	6	0.94%	Reduced
34	London Company of Virginia Richmond, Virginia	$687M	+$9.52M	2	7.73%	Increased
35	American Century Companies Kansas City, Missouri	$669M	+$91.4M	5	0.79%	Increased
36	Putnam Investments Boston, Massachusetts	$664M	+$35.6M	4	1.5%	Increased
37	First Eagle Investment Management New York	$662M	-$59.6M	3	1.75%	Reduced
38	Legal & General Group London, United Kingdom	$650M	-$22.3M	4	0.79%	Reduced
39	Capital Research Global Investors Los Angeles, California	$641M	$0	1	0.23%	Maintained
40	UBS Zurich, Switzerland	$625M	+$33.7M	9	0.56%	Increased
41	Eaton Vance Management Boston, Massachusetts	$586M	-$93.7M	4	1.73%	Reduced
42	PNC Financial Services Group Pittsburgh, Pennsylvania	$579M	-$2.79M	9	0.76%	Reduced
43	Dimensional Fund Advisors Austin, Texas	$550M	+$20.8M	9	0.41%	Increased
44	TIAA CREF Investment Management New York	$538M	-$18.6M	8	0.39%	Reduced
45	Goldman Sachs New York	$530M	-$42.2M	8	0.17%	Reduced
46	Macquarie Group Sydney, NSW 2000, Australia	$528M	+$1.5M	5	0.91%	Increased
47	ClearBridge Investments New York	$519M	+$3.73M	4	0.62%	Increased
48	California Public Employees Retirement System Sacramento, California	$502M	-$13.1M	8	0.72%	Reduced
49	Credit Suisse Zurich, Switzerland	$497M	-$28.1M	9	0.49%	Reduced
50	Prudential Financial Newark, New Jersey	$460M	+$39.4M	7	0.86%	Increased