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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
101	AWM Ashmore Wealth Management Wilmington, Delaware	$139M	+$141M	1	3.29%	New
102	KeyBank National Association Cleveland, Ohio	$139M	+$140M	4	0.51%	New
103	Citadel Advisors Miami, Florida	$135M	+$129M	6	0.23%	New
104	Capital Guardian Trust Los Angeles, California	$134M	+$135M	3	0.93%	New
105	Barclays London, United Kingdom	$131M	+$130M	9	0.16%	New
106	BlackRock Japan Tokyo, Japan	$129M	+$128M	3	0.59%	New
107	USAA United Services Automobile Association San Antonio, Texas	$129M	+$129M	3	0.6%	New
108	CLM ClearBridge LLC (Maryland) Baltimore, Maryland	$127M	+$128M	2	2.27%	New
109	Royce & Associates New York	$123M	+$125M	4	0.38%	New
110	SG Americas Securities New York	$123M	+$122M	5	0.6%	New
111	HCM Herndon Capital Management Atlanta, Georgia	$122M	+$126M	1	1.82%	New
112	Atalanta Sosnoff Capital New York	$121M	+$123M	1	2.94%	New
113	Swiss National Bank Zurich, Switzerland	$119M	+$118M	9	0.52%	New
114	Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada	$117M	+$117M	3	0.34%	New
115	ARC Absolute Return Capital Boston, Massachusetts	$113M	+$107M	3	1.46%	New
116	SC Stralem & Co New York	$113M	+$114M	1	3.42%	New
117	I.G. Investment Management Winnipeg, Manitoba, Canada	$111M	+$112M	2	0.45%	New
118	Loomis, Sayles & Company Boston, Massachusetts	$111M	+$106M	4	0.39%	New
119	EC Eminence Capital New York	$108M	+$110M	1	2.66%	New
120	Ninety One (UK) London, United Kingdom	$108M	+$108M	2	0.83%	New
121	Lazard Asset Management New York	$108M	+$109M	2	0.25%	New
122	Ohio Public Employees Retirement System (OPERS) Columbus, Ohio	$106M	+$105M	6	0.6%	New
123	GAMCO Investors Greenwich, Connecticut	$106M	+$94.9M	5	0.67%	New
124	Northern Trust Company of Connecticut Stamford, Connecticut	$104M	+$103M	5	0.71%	New
125	Westwood Holdings Group Dallas, Texas	$104M	+$105M	1	0.9%	New