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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	T. Rowe Price Associates Baltimore, Maryland	$1.46B	+$32.8M	8	0.15%	Increased
27	Invesco Atlanta, Georgia	$1.44B	+$85.2M	9	0.39%	Increased
28	Nuveen Charlotte, North Carolina	$1.31B	-$190M	8	0.42%	Reduced
29	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.17B	+$155M	9	0.63%	Increased
30	UBS Group Zurich, Switzerland	$1.12B	+$62.6M	9	0.37%	Increased
31	Legal & General Group London, United Kingdom	$1.12B	-$64.2M	8	0.42%	Reduced
32	Royal Bank of Canada Toronto, Ontario, Canada	$1.06B	+$173M	9	0.31%	Increased
33	Goldman Sachs New York	$979M	+$161M	9	0.25%	Increased
34	AllianceBernstein Nashville, Tennessee	$813M	-$210M	9	0.36%	Reduced
35	Neuberger Berman Group New York	$796M	-$40.9M	5	0.76%	Reduced
36	Longview Partners St Peter Port, Guernsey	$790M	-$127M	1	4.2%	Reduced
37	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$777M	+$25.1M	4	0.49%	Increased
38	California Public Employees Retirement System Sacramento, California	$756M	-$33.4M	8	0.58%	Reduced
39	American Century Companies Kansas City, Missouri	$716M	+$75.8M	6	0.53%	Increased
40	Putnam Investments Boston, Massachusetts	$715M	-$154M	2	1.19%	Reduced
41	UBS AM Chicago, Illinois	$682M	-$21.8M	8	0.3%	Reduced
42	Parametric Portfolio Associates Seattle, Washington	$679M	+$5.98M	9	0.39%	Increased
43	Swiss National Bank Zurich, Switzerland	$652M	+$3.88M	7	0.43%	Increased
44	Sachem Head Capital Management New York	$568M	$0	1	15.36%	Maintained
45	Citigroup New York	$536M	+$26.9M	9	0.35%	Increased
46	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$536M	+$70.8M	9	0.46%	Increased
47	Brown Advisory Baltimore, Maryland	$519M	-$16.8M	4	0.89%	Reduced
48	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$513M	-$11.2M	1	1.63%	Reduced
49	Fisher Asset Management Camas, Washington	$483M	+$24.4M	2	0.34%	Increased
50	New York State Common Retirement Fund Albany, New York	$461M	-$27.1M	8	0.51%	Reduced