← 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	BlackRock Advisors Wilmington, Delaware	$817M	-$46.6M	8	0.88%	Reduced
27	Davis Selected Advisers Tucson, Arizona	$787M	+$860M	1	3.27%	Increased
28	LSV Asset Management Chicago, Illinois	$738M	-$137M	6	1.66%	Reduced
29	Fisher Asset Management Camas, Washington	$728M	-$2.97M	2	1.52%	Reduced
30	Macquarie Group Sydney, NSW 2000, Australia	$686M	+$7.74M	5	1.47%	Increased
31	Deutsche Bank Frankfurt Am Main Ge, Germany	$647M	+$24M	9	0.5%	Increased
32	UBS Group Zurich, Switzerland	$629M	-$17.2M	9	0.45%	Reduced
33	Evercore Trust Company New York	$627M	$0	1	2.4%	Maintained
34	Allianz Asset Management Munich, Germany	$621M	+$83.8M	5	0.74%	Increased
35	Capital Research Global Investors Los Angeles, California	$590M	$0	1	0.21%	Maintained
36	Invesco Atlanta, Georgia	$581M	-$61.3M	9	0.25%	Reduced
37	Eaton Vance Management Boston, Massachusetts	$565M	+$119M	3	1.74%	Increased
38	London Company of Virginia Richmond, Virginia	$555M	-$5.94M	2	5.14%	Reduced
39	TIAA CREF Investment Management New York	$546M	+$87.9M	8	0.43%	Increased
40	Dimensional Fund Advisors Austin, Texas	$544M	-$90.9M	9	0.36%	Reduced
41	PNC Financial Services Group Pittsburgh, Pennsylvania	$535M	+$24.4M	9	0.64%	Increased
42	First Pacific Advisors El Segundo, California	$510M	+$362M	1	4.39%	Increased
43	BlackRock Investment Management Wilmington, Delaware	$494M	-$54.2M	8	0.67%	Reduced
44	Legal & General Group London, United Kingdom	$488M	+$9.76M	8	0.6%	Increased
45	AQR Capital Management Greenwich, Connecticut	$482M	+$3.65M	7	0.96%	Increased
46	Goldman Sachs New York	$430M	-$65.6M	8	0.15%	Reduced
47	Janus Henderson Investors US Denver, Colorado	$419M	+$22.7M	4	0.38%	Increased
48	Royal Bank of Canada Toronto, Ontario, Canada	$416M	-$64.4M	9	0.31%	Reduced
49	Charles Schwab San Francisco, California	$398M	+$3.97M	8	0.59%	Increased
50	Burgundy Asset Management Toronto, Ontario, Canada	$386M	+$112M	2	4.31%	Increased