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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
1	State Street Boston, Massachusetts	$15.4B	+$4.05M	8	1.72%	Increased
2	Vanguard Group Malvern, Pennsylvania	$8B	+$147M	8	0.7%	Increased
3	Massachusetts Financial Services Boston, Massachusetts	$4.36B	-$139M	2	2.45%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$3.84B	-$84M	8	0.68%	Reduced
5	Fidelity Investments Boston, Massachusetts	$3.59B	+$58.2M	6	0.51%	Increased
6	Capital World Investors Los Angeles, California	$3.27B	-$74.7M	2	0.92%	Reduced
7	T. Rowe Price Associates Baltimore, Maryland	$3.05B	-$57.5M	7	0.7%	Reduced
8	JP Morgan Chase New York	$3.02B	-$93.6M	8	0.86%	Reduced
9	Wellington Management Group Boston, Massachusetts	$2.59B	+$78.5M	6	0.74%	Increased
10	Bank of New York Mellon New York	$2.53B	-$75M	9	0.7%	Reduced
11	Bank of America Charlotte, North Carolina	$2.49B	+$216M	9	0.9%	Increased
12	Northern Trust Chicago, Illinois	$2.14B	-$20M	8	0.69%	Reduced
13	BlackRock Fund Advisors San Francisco, California	$1.94B	+$19.3M	8	0.59%	Increased
14	BlackRock Advisors Wilmington, Delaware	$1.83B	+$71.8M	8	1.76%	Increased
15	Wells Fargo San Francisco, California	$1.66B	+$39.1M	9	0.72%	Increased
16	Allianz Asset Management Munich, Germany	$1.4B	-$81.6M	7	1.78%	Reduced
17	BlackRock Group London, United Kingdom	$1.2B	+$34.9M	7	0.78%	Increased
18	Morgan Stanley New York	$1.13B	+$31.7M	9	0.48%	Increased
19	Invesco Atlanta, Georgia	$1.09B	-$72.9M	9	0.43%	Reduced
20	Deutsche Bank Frankfurt Am Main Ge, Germany	$999M	-$209M	9	0.72%	Reduced
21	Geode Capital Management Boston, Massachusetts	$998M	+$35M	9	0.69%	Increased
22	Ameriprise Minneapolis, Minnesota	$996M	-$89.4M	8	0.6%	Reduced
23	Franklin Resources San Mateo, California	$963M	+$13.6M	2	0.47%	Increased
24	Aberdeen Asset Management Aberdeen, United Kingdom	$940M	-$35.4M	2	2.63%	Reduced
25	LSV Asset Management Chicago, Illinois	$911M	-$8.02M	5	2.14%	Reduced