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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	CIBC Private Wealth Group Atlanta, Georgia	$805M	-$96.6M	9	1.36%	Reduced
52	Capital Wealth Planning Naples, Florida	$804M	+$49.5M	2	5.2%	Increased
53	LPL Financial San Diego, California	$792M	+$29M	9	0.22%	Increased
54	HSBC Holdings London, United Kingdom	$742M	+$31.5M	8	0.38%	Increased
55	American Century Companies Kansas City, Missouri	$740M	+$137M	8	0.37%	Increased
56	AGF Management Toronto, Ontario, Canada	$715M	+$150M	4	3.1%	Increased
57	Boston Partners Boston, Massachusetts	$711M	+$151M	3	0.74%	Increased
58	RhumbLine Advisers Boston, Massachusetts	$710M	-$14.6M	8	0.57%	Reduced
59	Arrowstreet Capital Boston, Massachusetts	$674M	-$61.5M	7	0.39%	Reduced
60	PNC Financial Services Group Pittsburgh, Pennsylvania	$668M	-$4.65M	9	0.36%	Reduced
61	AQR Capital Management Greenwich, Connecticut	$651M	-$27.9M	9	0.34%	Reduced
62	Citigroup New York	$627M	-$344M	9	0.28%	Reduced
63	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$624M	-$5.9M	8	0.62%	Reduced
64	Principal Financial Group Des Moines, Iowa	$573M	+$31.5M	8	0.29%	Increased
65	Millennium Management New York	$568M	+$16.2M	9	0.24%	Increased
66	Victory Capital Management San Antonio, Texas	$567M	+$17.4M	7	0.32%	Increased
67	London Company of Virginia Richmond, Virginia	$557M	-$33.5M	2	3.21%	Reduced
68	Stifel Financial St. Louis, Missouri	$550M	+$7.43M	9	0.49%	Increased
69	Neuberger Berman Group New York	$520M	-$33.1M	8	0.39%	Reduced
70	BNP Paribas Financial Markets Paris, France	$498M	+$15.2M	8	0.23%	Increased
71	Bessemer Group Woodbridge, New Jersey	$493M	-$70.2M	9	0.76%	Reduced
72	VOYA Investment Management Atlanta, Georgia	$490M	+$35.7M	7	0.48%	Increased
73	Truist Financial Charlotte, North Carolina	$484M	+$8.89M	6	0.65%	Increased
74	Mawer Investment Management Calgary, Alberta, Canada	$482M	-$68.9M	1	2.7%	Reduced
75	SEI Investments Oaks, Pennsylvania	$462M	+$192M	7	0.46%	Increased