← All themes Defense Modernization

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	Jennison Associates New York	$839M	-$20.2M	1	0.77%	Reduced
27	Evercore Trust Company New York	$814M	$0	1	2.91%	Maintained
28	Deutsche Bank Frankfurt Am Main Ge, Germany	$805M	-$146M	9	0.55%	Reduced
29	AllianceBernstein Nashville, Tennessee	$794M	+$10.2M	8	0.67%	Increased
30	UBS AM Chicago, Illinois	$741M	-$53.9M	7	0.75%	Reduced
31	Managed Account Advisors Jersey City, New Jersey	$721M	+$7.71K	6	0.87%	Increased
32	Invesco Atlanta, Georgia	$706M	-$219M	9	0.28%	Reduced
33	Putnam Investments Boston, Massachusetts	$687M	+$38.6M	4	1.48%	Increased
34	BlackRock Investment Management Wilmington, Delaware	$666M	-$122M	8	0.9%	Reduced
35	London Company of Virginia Richmond, Virginia	$652M	-$32.8M	2	7.12%	Reduced
36	Capital Research Global Investors Los Angeles, California	$633M	$0	1	0.22%	Maintained
37	UBS Zurich, Switzerland	$630M	+$13.4M	9	0.49%	Increased
38	Legal & General Group London, United Kingdom	$629M	-$13.4M	4	0.73%	Reduced
39	American Century Companies Kansas City, Missouri	$613M	-$49.2M	5	0.7%	Reduced
40	First Eagle Investment Management New York	$578M	-$64.9M	3	1.4%	Reduced
41	Dimensional Fund Advisors Austin, Texas	$570M	+$30.9M	9	0.4%	Increased
42	PNC Financial Services Group Pittsburgh, Pennsylvania	$564M	-$8.1M	9	0.72%	Reduced
43	Eaton Vance Management Boston, Massachusetts	$549M	-$29.9M	4	1.62%	Reduced
44	Macquarie Group Sydney, NSW 2000, Australia	$518M	+$4.21M	5	1.16%	Increased
45	TIAA CREF Investment Management New York	$511M	-$20.9M	8	0.36%	Reduced
46	ClearBridge Investments New York	$508M	-$4.43M	4	0.57%	Reduced
47	California Public Employees Retirement System Sacramento, California	$507M	+$1.99M	8	0.69%	Increased
48	Prudential Financial Newark, New Jersey	$471M	+$17.3M	7	0.83%	Increased
49	Charles Schwab San Francisco, California	$465M	+$13.3M	8	0.78%	Increased
50	Janus Henderson Investors US Denver, Colorado	$462M	+$78.7M	4	0.42%	Increased