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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	Dimensional Fund Advisors Austin, Texas	$1.73B	+$155M	7	0.45%	Increased
27	Goldman Sachs New York	$1.6B	+$139M	8	0.27%	Increased
28	Nuveen Charlotte, North Carolina	$1.3B	-$35.8M	8	0.38%	Reduced
29	Legal & General Group London, United Kingdom	$1.22B	+$46.2M	8	0.34%	Increased
30	UBS Group Zurich, Switzerland	$1.18B	-$54.4M	8	0.29%	Reduced
31	Norges Bank Oslo, Norway	$1.13B	-$30.6M	5	0.17%	Reduced
32	T. Rowe Price Investment Management Baltimore, Maryland	$1.03B	-$222M	2	0.65%	Reduced
33	UBS AM Chicago, Illinois	$963M	+$202M	8	0.28%	Increased
34	Royal Bank of Canada Toronto, Ontario, Canada	$952M	+$31.3M	8	0.22%	Increased
35	California Public Employees Retirement System Sacramento, California	$881M	-$32.4M	4	0.65%	Reduced
36	Barclays London, United Kingdom	$824M	+$120M	7	0.25%	Increased
37	Swiss National Bank Zurich, Switzerland	$742M	-$45.1M	8	0.51%	Reduced
38	Allspring Global Investments Charlotte, North Carolina	$687M	-$18.3M	7	1.12%	Reduced
39	Envestnet Asset Management Chicago, Illinois	$686M	+$151M	7	0.24%	Increased
40	Citigroup New York	$641M	+$169M	8	0.41%	Increased
41	Hotchkis & Wiley Capital Management Los Angeles, California	$633M	+$65.1M	3	2.21%	Increased
42	Raymond James & Associates St Petersburg, Florida	$630M	-$36.1M	7	0.41%	Reduced
43	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$625M	-$89.1M	5	0.46%	Reduced
44	VanEck Associates New York	$594M	+$156M	6	0.84%	Increased
45	AllianceBernstein Nashville, Tennessee	$568M	-$28M	8	0.2%	Reduced
46	Citadel Advisors Miami, Florida	$548M	-$112M	8	0.11%	Reduced
47	Bessemer Group Woodbridge, New Jersey	$530M	+$181M	7	0.93%	Increased
48	London Company of Virginia Richmond, Virginia	$510M	-$64.6M	2	2.87%	Reduced
49	Yacktman Asset Management Austin, Texas	$508M	-$10.5M	3	4.76%	Reduced
50	VOYA Investment Management Atlanta, Georgia	$493M	+$131M	8	0.48%	Increased