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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
51	Janus Henderson Group London,	$481M	-$3.74M	6	0.26%	Reduced
52	HSBC Holdings London, United Kingdom	$480M	+$76.6M	6	0.29%	Increased
53	RhumbLine Advisers Boston, Massachusetts	$467M	-$11.8M	7	0.44%	Reduced
54	CIBC Private Wealth Group Atlanta, Georgia	$466M	-$3.79M	7	0.87%	Reduced
55	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$439M	-$7.71M	3	0.5%	Reduced
56	Qube Research & Technologies (QRT) London, United Kingdom	$419M	+$337M	7	0.66%	Increased
57	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$405M	-$13.8M	7	0.5%	Reduced
58	Jane Street New York	$400M	+$181M	8	0.09%	Increased
59	Boston Partners Boston, Massachusetts	$400M	-$82.5M	3	0.5%	Reduced
60	Deutsche Bank Frankfurt Am Main Ge, Germany	$397M	-$15M	8	0.18%	Reduced
61	D.E. Shaw & Co New York	$391M	+$359M	6	0.37%	Increased
62	Macquarie Group Sydney, NSW 2000, Australia	$385M	-$28M	5	0.44%	Reduced
63	LPL Financial San Diego, California	$365M	+$15.8M	7	0.18%	Increased
64	Bank of Montreal Toronto, Ontario, Canada	$340M	+$29.6M	7	0.1%	Increased
65	American Century Companies Kansas City, Missouri	$339M	-$133M	7	0.21%	Reduced
66	PNC Financial Services Group Pittsburgh, Pennsylvania	$335M	-$7.74M	8	0.22%	Reduced
67	Diamond Hill Capital Management Columbus, Ohio	$334M	+$6.85M	1	1.43%	Increased
68	Millennium Management New York	$334M	-$49.7M	8	0.15%	Reduced
69	Manning & Napier Advisors Fairport, New York	$332M	+$329M	3	3.75%	New
70	New York State Common Retirement Fund Albany, New York	$331M	-$45.6M	7	0.43%	Reduced
71	Principal Financial Group Des Moines, Iowa	$331M	-$16.2M	7	0.2%	Reduced
72	Mitsubishi UFJ Asset Management Tokyo, Japan	$326M	+$25.3M	6	0.4%	Increased
73	Prudential Financial Newark, New Jersey	$312M	-$12.8M	7	0.47%	Reduced
74	Raymond James Financial Services Advisors St. Petersburg, Florida	$311M	-$1.31M	6	0.44%	Reduced
75	Marshall Wace London, United Kingdom	$293M	+$282M	6	0.39%	Increased