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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	Charles Schwab San Francisco, California	$1.77B	-$1.35M	8	0.51%	Reduced
27	Dimensional Fund Advisors Austin, Texas	$1.47B	+$34.6M	8	0.47%	Increased
28	Legal & General Group London, United Kingdom	$1.4B	+$36.5M	9	0.45%	Increased
29	UBS Group Zurich, Switzerland	$1.34B	+$55.8M	9	0.45%	Increased
30	Goldman Sachs New York	$1.13B	+$16.4M	9	0.24%	Increased
31	Macquarie Group Sydney, NSW 2000, Australia	$1.09B	-$15.8M	5	1.25%	Reduced
32	Putnam Investments Boston, Massachusetts	$1.02B	-$4.01M	5	1.5%	Reduced
33	AllianceBernstein Nashville, Tennessee	$991M	-$60.8M	8	0.4%	Reduced
34	Royal Bank of Canada Toronto, Ontario, Canada	$988M	-$52.4M	9	0.26%	Reduced
35	Swiss National Bank Zurich, Switzerland	$943M	-$95.7M	9	0.64%	Reduced
36	Fisher Asset Management Camas, Washington	$909M	+$25.1M	2	0.5%	Increased
37	California Public Employees Retirement System Sacramento, California	$841M	+$48.1M	5	0.72%	Increased
38	UBS AM Chicago, Illinois	$791M	$0	7	0.38%	Maintained
39	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$721M	-$100M	5	0.56%	Reduced
40	Raymond James & Associates St Petersburg, Florida	$714M	+$5.24M	8	0.59%	Increased
41	Neuberger Berman Group New York	$710M	-$124M	6	0.63%	Reduced
42	CIBC Private Wealth Group Atlanta, Georgia	$650M	-$2.99M	3	1.42%	Reduced
43	Allspring Global Investments Charlotte, North Carolina	$640M	+$144M	7	1.02%	Increased
44	American Century Companies Kansas City, Missouri	$638M	+$27.2M	8	0.48%	Increased
45	Barclays London, United Kingdom	$635M	+$285M	9	0.4%	Increased
46	Janus Henderson Group London,	$611M	-$29M	7	0.38%	Reduced
47	1832 Asset Management Toronto, Ontario, Canada	$577M	-$956K	4	0.69%	Reduced
48	First Trust Advisors Wheaton, Illinois	$560M	+$195M	9	0.64%	Increased
49	Citadel Advisors Miami, Florida	$552M	-$32.4M	9	0.11%	Reduced
50	Yacktman Asset Management Austin, Texas	$537M	+$230M	3	5.09%	Increased