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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	Sanders Capital West Palm Beach, Florida	$2.81B	-$13.5M	2	3.23%	Reduced
27	ClearBridge Investments New York	$2.52B	-$257M	4	2.02%	Reduced
28	UBS Group Zurich, Switzerland	$2.51B	-$86.6M	9	0.41%	Reduced
29	Nuveen Charlotte, North Carolina	$2.38B	-$138M	9	0.62%	Reduced
30	Legal & General Group London, United Kingdom	$2.15B	-$47.5M	9	0.48%	Reduced
31	Ameriprise Minneapolis, Minnesota	$2.11B	-$88M	9	0.48%	Reduced
32	Royal Bank of Canada Toronto, Ontario, Canada	$1.91B	+$169M	9	0.31%	Increased
33	UBS AM Chicago, Illinois	$1.86B	+$120M	9	0.39%	Increased
34	VanEck Associates New York	$1.78B	-$102M	7	1.47%	Reduced
35	Raymond James Financial St Petersburg, Florida	$1.55B	-$208K	8	0.48%	Reduced
36	AllianceBernstein Nashville, Tennessee	$1.49B	-$27.1M	9	0.47%	Reduced
37	Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong	$1.37B	+$61.6M	8	2.05%	Increased
38	Bank of Montreal Toronto, Ontario, Canada	$1.23B	+$20.7M	8	0.43%	Increased
39	Swiss National Bank Zurich, Switzerland	$1.14B	-$52.8M	9	0.68%	Reduced
40	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.08B	+$38M	9	0.35%	Increased
41	Envestnet Asset Management Chicago, Illinois	$1.05B	-$77.6M	7	0.31%	Reduced
42	Amundi Paris, France	$1.03B	+$260M	8	0.28%	Increased
43	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$1.01B	-$48.4M	5	0.59%	Reduced
44	Artisan Partners Milwaukee, Wisconsin	$965M	+$659M	4	1.45%	Increased
45	California Public Employees Retirement System Sacramento, California	$925M	-$373M	5	0.53%	Reduced
46	First Trust Advisors Wheaton, Illinois	$900M	+$167M	9	0.65%	Increased
47	Clal Insurance Tel-Aviv, Israel	$894M	+$199M	2	5.77%	Increased
48	Barclays London, United Kingdom	$857M	-$228M	8	0.21%	Reduced
49	Mitsubishi UFJ Asset Management Tokyo, Japan	$847M	+$32.6M	7	0.57%	Increased
50	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$815M	-$13.7M	3	0.6%	Reduced