← 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
51
Capital International Investors
Capital International Investors
California
$428M +$97M 2 0.66% Increased
52
California Public Employees Retirement System
California Public Employees Retirement System
California
$422M -$7.05M 8 0.68% Reduced
53
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$418M +$8.04M 8 0.36% Increased
54
Charles Schwab
Charles Schwab
California
$406M -$67.2M 8 0.53% Reduced
55
UBS AM
UBS AM
Illinois
$405M +$8.37M 7 0.47% Increased
56
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$403M +$16.6M 8 0.62% Increased
57
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$398M +$5.46M 3 0.7% Increased
58
AQR Capital Management
AQR Capital Management
Connecticut
$398M -$113M 5 0.72% Reduced
59
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$374M -$17.6M 1 2.38% Reduced
60
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$351M -$76.6M 9 0.22% Reduced
61
Teachers Advisors
Teachers Advisors
New York
$344M +$1.12M 8 0.63% Increased
62
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$337M -$21.9M 9 0.54% Reduced
63
Swiss National Bank
Swiss National Bank
Switzerland
$337M +$95M 9 0.62% Increased
64
Lazard Asset Management
Lazard Asset Management
New York
$316M +$26.9M 2 0.69% Increased
65
MG
Meritage Group
California
$311M $0 1 7.01% Maintained
66
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$298M +$25.6M 8 0.64% Increased
67
APG Asset Management
APG Asset Management
Netherlands
$297M +$21.7M 3 0.62% Increased
68
Jensen Investment Management
Jensen Investment Management
Oregon
$297M +$3.19M 1 4.73% Increased
69
Credit Suisse
Credit Suisse
Switzerland
$292M -$8.19M 9 0.35% Reduced
70
Artisan Partners
Artisan Partners
Wisconsin
$287M +$64.6M 3 0.6% Increased
71
Russell Frank Company
Russell Frank Company
Washington
$276M -$63.4M 8 0.49% Reduced
72
VVP
Vulcan Value Partners
Alabama
$260M +$1.04M 1 2.34% Increased
73
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$260M +$3.09M 3 0.58% Increased
74
BlackRock
BlackRock
New York
$256M -$111M 8 0.41% Reduced
75
Axa
Axa
France
$254M -$13.7M 4 1.14% Reduced