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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	Davis Selected Advisers Tucson, Arizona	$912M	-$29.8M	1	3.93%	Reduced
27	Macquarie Group Sydney, NSW 2000, Australia	$877M	-$3.48M	3	1.59%	Reduced
28	Dimensional Fund Advisors Austin, Texas	$873M	-$63.6M	9	0.42%	Reduced
29	Goldman Sachs New York	$872M	-$28.8M	9	0.24%	Reduced
30	Deutsche Bank Frankfurt Am Main Ge, Germany	$846M	+$49.5M	9	0.62%	Increased
31	Invesco Atlanta, Georgia	$834M	+$3.99M	9	0.27%	Increased
32	TIAA CREF Investment Management New York	$817M	-$121M	8	0.59%	Reduced
33	London Company of Virginia Richmond, Virginia	$746M	-$21.4M	2	4.92%	Reduced
34	Legal & General Group London, United Kingdom	$697M	+$30.5M	8	0.59%	Increased
35	Ameriprise Minneapolis, Minnesota	$679M	+$42.5M	9	0.35%	Increased
36	First Pacific Advisors El Segundo, California	$677M	-$32.5M	1	5.43%	Reduced
37	SAM Southeastern Asset Management Memphis, Tennessee	$637M	-$10.5M	1	6.47%	Reduced
38	AQR Capital Management Greenwich, Connecticut	$630M	-$9.71M	7	0.84%	Reduced
39	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$615M	+$84.9M	8	0.78%	Increased
40	PNC Financial Services Group Pittsburgh, Pennsylvania	$546M	-$37.7M	8	0.6%	Reduced
41	Swiss National Bank Zurich, Switzerland	$540M	+$102M	9	0.67%	Increased
42	Charles Schwab San Francisco, California	$531M	+$22.6M	8	0.53%	Increased
43	Burgundy Asset Management Toronto, Ontario, Canada	$524M	-$23M	2	5.1%	Reduced
44	Capital International Investors Los Angeles, California	$510M	-$88.9M	2	0.69%	Reduced
45	UBS AM Chicago, Illinois	$490M	+$52.2M	7	0.5%	Increased
46	Artisan Partners Milwaukee, Wisconsin	$457M	+$41.2M	2	0.89%	Increased
47	Lazard Asset Management New York	$457M	-$9.5M	3	0.86%	Reduced
48	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$447M	-$2.09M	3	0.69%	Reduced
49	New York State Common Retirement Fund Albany, New York	$427M	-$20.2M	8	0.58%	Reduced
50	Citadel Advisors Miami, Florida	$419M	+$313M	8	0.38%	Increased