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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	Dodge & Cox San Francisco, California	$1.22B	-$648M	1	1.13%	Reduced
27	Invesco Atlanta, Georgia	$1.21B	+$208M	9	0.43%	Increased
28	Dimensional Fund Advisors Austin, Texas	$1.09B	-$40M	9	0.48%	Reduced
29	Soroban Capital Partners New York	$1.05B	+$350M	2	13.47%	Increased
30	Legal & General Group London, United Kingdom	$1.04B	+$17.2M	8	0.5%	Increased
31	Artisan Partners Milwaukee, Wisconsin	$1.04B	+$13.2M	2	1.66%	Increased
32	AllianceBernstein Nashville, Tennessee	$939M	+$160M	9	0.55%	Increased
33	Deutsche Bank Frankfurt Am Main Ge, Germany	$911M	+$460M	9	0.69%	Increased
34	Goldman Sachs New York	$895M	-$148M	9	0.27%	Reduced
35	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$867M	+$491M	5	0.61%	Increased
36	UBS Group Zurich, Switzerland	$807M	-$48.4M	9	0.34%	Reduced
37	Putnam Investments Boston, Massachusetts	$750M	+$202M	5	1.59%	Increased
38	TCI Fund Management London, United Kingdom	$712M	+$721M	1	2.82%	New
39	Davis Selected Advisers Tucson, Arizona	$694M	-$163M	1	4.02%	Reduced
40	Royal Bank of Canada Toronto, Ontario, Canada	$687M	+$88.1M	9	0.27%	Increased
41	Veritas Asset Management London, United Kingdom	$672M	+$681M	1	4.92%	New
42	California Public Employees Retirement System Sacramento, California	$637M	+$214M	8	0.63%	Increased
43	Parametric Portfolio Associates Seattle, Washington	$616M	+$25.9M	9	0.47%	Increased
44	Neuberger Berman Group New York	$564M	+$53.8M	4	0.7%	Increased
45	Swiss National Bank Zurich, Switzerland	$541M	+$65.3M	7	0.46%	Increased
46	American Century Companies Kansas City, Missouri	$509M	+$197M	6	0.48%	Increased
47	UBS AM Chicago, Illinois	$507M	+$19.4M	8	0.31%	Increased
48	Brown Advisory Baltimore, Maryland	$469M	+$20M	3	1.09%	Increased
49	New York State Common Retirement Fund Albany, New York	$468M	+$24.3M	8	0.6%	Increased
50	PNC Financial Services Group Pittsburgh, Pennsylvania	$445M	-$53.3M	9	0.59%	Reduced