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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	Capital International Investors Los Angeles, California	$1.14B	+$135M	2	1.31%	Increased
27	Dimensional Fund Advisors Austin, Texas	$982M	+$4.88M	9	0.41%	Increased
28	Invesco Atlanta, Georgia	$975M	-$90.2M	9	0.36%	Reduced
29	TIAA CREF Investment Management New York	$959M	+$127M	8	0.65%	Increased
30	Ameriprise Minneapolis, Minnesota	$956M	+$203M	7	0.43%	Increased
31	Davis Selected Advisers Tucson, Arizona	$952M	-$3.83M	1	4.12%	Reduced
32	Third Point New York	$893M	+$932M	1	6.71%	New
33	Macquarie Group Sydney, NSW 2000, Australia	$869M	-$77.3M	7	1.58%	Reduced
34	Legal & General Group London, United Kingdom	$828M	-$55.1M	8	0.63%	Reduced
35	AQR Capital Management Greenwich, Connecticut	$763M	+$106M	8	0.82%	Increased
36	Putnam Investments Boston, Massachusetts	$737M	-$437M	3	1.72%	Reduced
37	Charles Schwab San Francisco, California	$737M	+$19.7M	8	0.57%	Increased
38	Citadel Advisors Miami, Florida	$737M	+$483M	8	0.4%	Increased
39	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$693M	-$26.7M	9	0.77%	Reduced
40	Viking Global Investors Stamford, Connecticut	$686M	-$67.1M	1	4.13%	Reduced
41	Royal Bank of Canada Toronto, Ontario, Canada	$672M	+$122M	9	0.3%	Increased
42	Swiss National Bank Zurich, Switzerland	$641M	-$77.6M	9	0.78%	Reduced
43	Waddell & Reed Financial Overland Park, Kansas	$635M	+$62.7M	4	1.44%	Increased
44	PNC Financial Services Group Pittsburgh, Pennsylvania	$635M	+$1.81M	8	0.63%	Increased
45	UBS AM Chicago, Illinois	$629M	+$32.7M	7	0.5%	Increased
46	Artisan Partners Milwaukee, Wisconsin	$611M	-$24.4M	3	1.24%	Reduced
47	First Pacific Advisors El Segundo, California	$608M	-$57M	1	4.64%	Reduced
48	Burgundy Asset Management Toronto, Ontario, Canada	$594M	-$49.1M	2	5.57%	Reduced
49	Parametric Portfolio Associates Seattle, Washington	$583M	+$6.44M	9	0.58%	Increased
50	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$554M	+$6.23M	3	0.71%	Increased