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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	Norges Bank Oslo, Norway	$1.84B	+$292M	5	0.24%	Increased
27	Ameriprise Minneapolis, Minnesota	$1.83B	-$509M	7	0.47%	Reduced
28	UBS Group Zurich, Switzerland	$1.67B	+$355M	8	0.31%	Increased
29	Nuveen Charlotte, North Carolina	$1.57B	+$95.8M	8	0.44%	Increased
30	Goldman Sachs New York	$1.41B	-$12.9M	8	0.22%	Reduced
31	Royal Bank of Canada Toronto, Ontario, Canada	$1.25B	+$121M	8	0.25%	Increased
32	T. Rowe Price Investment Management Baltimore, Maryland	$1.25B	+$152M	2	0.77%	Increased
33	Legal & General Group London, United Kingdom	$1.23B	-$79.3M	8	0.33%	Reduced
34	UBS AM Chicago, Illinois	$1.15B	+$62.1M	8	0.27%	Increased
35	Raymond James Financial St Petersburg, Florida	$1.07B	+$1.16B	7	0.39%	New
36	California Public Employees Retirement System Sacramento, California	$845M	-$62.4M	4	0.57%	Reduced
37	Amundi Paris, France	$779M	+$378M	5	0.27%	Increased
38	Swiss National Bank Zurich, Switzerland	$776M	-$41.8M	8	0.52%	Reduced
39	AllianceBernstein Nashville, Tennessee	$771M	+$16.9M	8	0.26%	Increased
40	Envestnet Asset Management Chicago, Illinois	$763M	+$27.3M	8	0.25%	Increased
41	Deutsche Bank Frankfurt Am Main Ge, Germany	$694M	+$198M	8	0.27%	Increased
42	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$678M	-$13.7M	5	0.46%	Reduced
43	Allspring Global Investments Charlotte, North Carolina	$651M	-$12.3M	6	1.04%	Reduced
44	Hotchkis & Wiley Capital Management Los Angeles, California	$619M	+$92.5M	3	2.06%	Increased
45	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$598M	+$58.5M	3	0.57%	Increased
46	Barclays London, United Kingdom	$564M	-$319M	7	0.16%	Reduced
47	Bessemer Group Woodbridge, New Jersey	$555M	-$46.5M	7	0.91%	Reduced
48	Qube Research & Technologies (QRT) London, United Kingdom	$526M	+$41.1M	7	0.69%	Increased
49	VanEck Associates New York	$518M	+$77.9M	6	0.66%	Increased
50	HSBC Holdings London, United Kingdom	$513M	+$24M	7	0.3%	Increased