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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	UBS Group Zurich, Switzerland	$1.39B	+$53.8M	9	0.53%	Increased
27	Citadel Advisors Miami, Florida	$1.37B	+$358M	8	0.65%	Increased
28	Invesco Atlanta, Georgia	$1.34B	-$11.1M	9	0.35%	Reduced
29	Franklin Resources San Mateo, California	$1.27B	+$40.4M	4	0.69%	Increased
30	Artisan Partners Milwaukee, Wisconsin	$1.26B	-$10.4M	2	2.39%	Reduced
31	Legal & General Group London, United Kingdom	$1.26B	+$94.5M	8	0.66%	Increased
32	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.15B	-$94.2M	1	2.26%	Reduced
33	Boston Partners Boston, Massachusetts	$1.15B	-$76.6M	3	1.55%	Reduced
34	Charles Schwab San Francisco, California	$1.14B	+$102M	8	0.67%	Increased
35	Davis Selected Advisers Tucson, Arizona	$1.07B	-$44.5M	1	5.41%	Reduced
36	AllianceBernstein Nashville, Tennessee	$1.03B	+$223M	9	0.64%	Increased
37	Macquarie Group Sydney, NSW 2000, Australia	$931M	-$118M	6	1.56%	Reduced
38	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$916M	+$205M	5	0.8%	Increased
39	Deutsche Bank Frankfurt Am Main Ge, Germany	$852M	-$399M	9	0.59%	Reduced
40	Third Point New York	$819M	$0	1	9.73%	Maintained
41	California Public Employees Retirement System Sacramento, California	$814M	+$181M	8	0.81%	Increased
42	Royal Bank of Canada Toronto, Ontario, Canada	$813M	+$119M	9	0.32%	Increased
43	Parametric Portfolio Associates Seattle, Washington	$754M	+$83.5M	9	0.61%	Increased
44	PNC Financial Services Group Pittsburgh, Pennsylvania	$664M	+$58.8M	9	0.66%	Increased
45	Neuberger Berman Group New York	$650M	+$161M	4	0.79%	Increased
46	Fisher Asset Management Camas, Washington	$649M	+$18.6M	4	0.71%	Increased
47	Burgundy Asset Management Toronto, Ontario, Canada	$628M	-$46.6M	2	6.27%	Reduced
48	UBS AM Chicago, Illinois	$622M	+$37.6M	9	0.42%	Increased
49	Adage Capital Partners Boston, Massachusetts	$606M	+$112M	3	1.49%	Increased
50	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$606M	+$34.6M	9	0.68%	Increased