← All themes Defense Modernization

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	UBS Group Zurich, Switzerland	$2.11B	+$267M	8	0.39%	Increased
27	Dimensional Fund Advisors Austin, Texas	$2.08B	+$14.1M	7	0.52%	Increased
28	Ameriprise Minneapolis, Minnesota	$1.81B	-$198M	7	0.49%	Reduced
29	Nuveen Charlotte, North Carolina	$1.67B	-$61.3M	8	0.51%	Reduced
30	Goldman Sachs New York	$1.66B	+$101M	8	0.27%	Increased
31	T. Rowe Price Investment Management Baltimore, Maryland	$1.49B	+$54.2M	3	0.99%	Increased
32	Legal & General Group London, United Kingdom	$1.42B	+$38.7M	8	0.39%	Increased
33	Royal Bank of Canada Toronto, Ontario, Canada	$1.36B	-$23.1M	8	0.28%	Reduced
34	UBS AM Chicago, Illinois	$1.34B	+$58.6M	8	0.34%	Increased
35	Raymond James Financial St Petersburg, Florida	$1.25B	+$94.5M	7	0.47%	Increased
36	VanEck Associates New York	$954M	+$358M	6	1.23%	Increased
37	California Public Employees Retirement System Sacramento, California	$930M	+$5.26M	4	0.65%	Increased
38	AllianceBernstein Nashville, Tennessee	$908M	+$41.7M	8	0.33%	Increased
39	Swiss National Bank Zurich, Switzerland	$862M	-$1.74M	8	0.61%	Reduced
40	Barclays London, United Kingdom	$852M	+$215M	7	0.24%	Increased
41	Envestnet Asset Management Chicago, Illinois	$834M	+$4.05M	7	0.27%	Increased
42	AQR Capital Management Greenwich, Connecticut	$778M	+$227M	8	0.8%	Increased
43	Bank of Montreal Toronto, Ontario, Canada	$759M	-$65M	7	0.37%	Reduced
44	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$747M	-$5.6M	5	0.53%	Reduced
45	Allspring Global Investments Charlotte, North Carolina	$726M	+$46.3M	5	1.26%	Increased
46	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$719M	+$58.6M	3	0.69%	Increased
47	Deutsche Bank Frankfurt Am Main Ge, Germany	$679M	-$93.6M	8	0.27%	Reduced
48	Citigroup New York	$665M	+$146M	8	0.34%	Increased
49	Bessemer Group Woodbridge, New Jersey	$648M	+$60.1M	6	1.16%	Increased
50	Amundi Paris, France	$644M	-$224M	6	0.23%	Reduced