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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	$1.5B	+$12.1M	9	0.52%	Increased
27	Citadel Advisors Miami, Florida	$1.46B	+$61.6M	8	0.64%	Increased
28	Franklin Resources San Mateo, California	$1.31B	+$9.53M	5	0.69%	Increased
29	Legal & General Group London, United Kingdom	$1.3B	+$24.5M	8	0.62%	Increased
30	Invesco Atlanta, Georgia	$1.29B	-$19.8M	9	0.4%	Reduced
31	Artisan Partners Milwaukee, Wisconsin	$1.24B	+$4.9M	2	2.18%	Increased
32	Boston Partners Boston, Massachusetts	$1.16B	-$49.4M	3	1.54%	Reduced
33	Charles Schwab San Francisco, California	$1.15B	-$2.7M	8	0.62%	Reduced
34	Davis Selected Advisers Tucson, Arizona	$1.13B	-$42.3M	1	5.43%	Reduced
35	AllianceBernstein Nashville, Tennessee	$1.11B	+$53.3M	9	0.63%	Increased
36	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$956M	+$23.3M	5	0.75%	Increased
37	Macquarie Group Sydney, NSW 2000, Australia	$952M	+$95.8M	6	1.36%	Increased
38	Deutsche Bank Frankfurt Am Main Ge, Germany	$924M	+$47.5M	9	0.6%	Increased
39	Royal Bank of Canada Toronto, Ontario, Canada	$869M	+$42.8M	9	0.31%	Increased
40	Adage Capital Partners Boston, Massachusetts	$846M	+$215M	3	2.08%	Increased
41	California Public Employees Retirement System Sacramento, California	$827M	+$20M	8	0.75%	Increased
42	Third Point New York	$780M	-$114M	1	8.97%	Reduced
43	Credit Suisse Zurich, Switzerland	$778M	+$152M	9	0.56%	Increased
44	Parametric Portfolio Associates Seattle, Washington	$768M	+$9.85M	9	0.56%	Increased
45	Fisher Asset Management Camas, Washington	$719M	+$7.63M	4	0.73%	Increased
46	Fiera Capital (Canada) Montreal, Quebec, Canada	$689M	+$100M	2	2.3%	Increased
47	Neuberger Berman Group New York	$676M	+$18.1M	4	0.79%	Increased
48	PNC Financial Services Group Pittsburgh, Pennsylvania	$675M	-$5.13M	9	0.66%	Reduced
49	Burgundy Asset Management Toronto, Ontario, Canada	$637M	-$28.6M	2	6.27%	Reduced
50	UBS AM Chicago, Illinois	$629M	-$9.3M	8	0.39%	Reduced