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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	Goldman Sachs New York	$1.4B	+$338M	8	0.26%	Increased
27	Nuveen Charlotte, North Carolina	$1.32B	+$114M	8	0.43%	Increased
28	Legal & General Group London, United Kingdom	$1.14B	-$92.8M	8	0.35%	Reduced
29	Norges Bank Oslo, Norway	$1.14B	-$576M	6	0.2%	Reduced
30	UBS Group Zurich, Switzerland	$981M	-$122M	8	0.29%	Reduced
31	Putnam Investments Boston, Massachusetts	$964M	+$11.2M	5	1.27%	Increased
32	Barclays London, United Kingdom	$896M	+$295M	8	0.33%	Increased
33	Royal Bank of Canada Toronto, Ontario, Canada	$887M	+$64.7M	8	0.21%	Increased
34	California Public Employees Retirement System Sacramento, California	$869M	+$9.89M	4	0.66%	Increased
35	T. Rowe Price Investment Management Baltimore, Maryland	$846M	+$89.8M	2	0.55%	Increased
36	Fisher Asset Management Camas, Washington	$814M	+$17.5M	3	0.43%	Increased
37	Macquarie Group Sydney, NSW 2000, Australia	$783M	-$132M	5	0.9%	Reduced
38	Swiss National Bank Zurich, Switzerland	$762M	-$25.4M	8	0.56%	Reduced
39	Boston Partners Boston, Massachusetts	$713M	+$78.5M	3	0.94%	Increased
40	UBS AM Chicago, Illinois	$705M	-$10.3M	6	0.28%	Reduced
41	Allspring Global Investments Charlotte, North Carolina	$699M	-$22.2M	6	1.16%	Reduced
42	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$672M	-$17.8M	5	0.5%	Reduced
43	London Company of Virginia Richmond, Virginia	$611M	+$72.2M	2	3.44%	Increased
44	Neuberger Berman Group New York	$595M	+$55.2M	6	0.26%	Increased
45	Raymond James & Associates St Petersburg, Florida	$587M	+$23.9M	7	0.44%	Increased
46	Hotchkis & Wiley Capital Management Los Angeles, California	$565M	+$7M	4	2.01%	Increased
47	Yacktman Asset Management Austin, Texas	$558M	-$2.92M	3	5.18%	Reduced
48	First Trust Advisors Wheaton, Illinois	$556M	-$60.8M	8	0.61%	Reduced
49	AllianceBernstein Nashville, Tennessee	$522M	-$113M	7	0.2%	Reduced
50	American Century Companies Kansas City, Missouri	$480M	-$124M	7	0.33%	Reduced