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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	Franklin Resources San Mateo, California	$1.07B	-$26.1M	4	0.55%	Reduced
27	Invesco Atlanta, Georgia	$1.06B	+$134M	9	0.35%	Increased
28	Davis Selected Advisers Tucson, Arizona	$1.04B	+$96.4M	1	4.44%	Increased
29	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.04B	-$241M	9	0.52%	Reduced
30	Dimensional Fund Advisors Austin, Texas	$1.01B	+$58.9M	9	0.4%	Increased
31	TIAA CREF Investment Management New York	$998M	+$126M	8	0.67%	Increased
32	Third Point New York	$950M	+$62.2M	1	6.62%	Increased
33	Ameriprise Minneapolis, Minnesota	$928M	+$37.8M	7	0.41%	Increased
34	AQR Capital Management Greenwich, Connecticut	$858M	+$181M	8	0.86%	Increased
35	Macquarie Group Sydney, NSW 2000, Australia	$801M	+$28.5M	6	1.38%	Increased
36	Legal & General Group London, United Kingdom	$738M	-$46.3M	8	0.57%	Reduced
37	Charles Schwab San Francisco, California	$724M	+$23.8M	8	0.53%	Increased
38	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$648M	-$27.7M	9	0.71%	Reduced
39	Royal Bank of Canada Toronto, Ontario, Canada	$645M	+$9.01M	9	0.29%	Increased
40	Swiss National Bank Zurich, Switzerland	$621M	+$17.3M	9	0.71%	Increased
41	PNC Financial Services Group Pittsburgh, Pennsylvania	$612M	+$6.37M	8	0.6%	Increased
42	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$582M	+$62.2M	3	0.68%	Increased
43	Artisan Partners Milwaukee, Wisconsin	$579M	+$3.03M	3	1.16%	Increased
44	Pershing Square Capital Management New York	$568M	+$323M	1	9.78%	Increased
45	Parametric Portfolio Associates Seattle, Washington	$562M	+$10.1M	9	0.53%	Increased
46	Burgundy Asset Management Toronto, Ontario, Canada	$560M	-$15.4M	2	5.42%	Reduced
47	UBS AM Chicago, Illinois	$542M	-$56M	9	0.42%	Reduced
48	First Pacific Advisors El Segundo, California	$534M	-$70.2M	2	3.84%	Reduced
49	Citadel Advisors Miami, Florida	$522M	-$178M	8	0.26%	Reduced
50	Waddell & Reed Financial Overland Park, Kansas	$521M	-$73M	5	1.21%	Reduced