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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	$15.8B	-$169M	8	1.8%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$8.14B	-$176M	8	0.68%	Reduced
3	Massachusetts Financial Services Boston, Massachusetts	$4.44B	-$66.1M	2	2.43%	Reduced
4	T. Rowe Price Associates Baltimore, Maryland	$4.32B	+$1.14B	7	0.97%	Increased
5	BlackRock Institutional Trust San Francisco, California	$4B	+$7.57M	8	0.69%	Increased
6	Fidelity Investments Boston, Massachusetts	$3.7B	+$14.9M	5	0.51%	Increased
7	Capital World Investors Los Angeles, California	$3.11B	-$274M	2	0.89%	Reduced
8	JP Morgan Chase New York	$3.08B	-$33.2M	7	0.85%	Reduced
9	Wellington Management Group Boston, Massachusetts	$2.9B	+$222M	6	0.81%	Increased
10	Bank of New York Mellon New York	$2.54B	-$77.5M	9	0.69%	Reduced
11	Northern Trust Chicago, Illinois	$2.19B	-$27.2M	8	0.69%	Reduced
12	Bank of America Charlotte, North Carolina	$2.15B	-$460M	9	0.8%	Reduced
13	BlackRock Fund Advisors San Francisco, California	$1.99B	-$26.9M	8	0.59%	Reduced
14	BlackRock Advisors Wilmington, Delaware	$1.82B	-$83.5M	8	1.78%	Reduced
15	Wells Fargo San Francisco, California	$1.76B	+$46.8M	9	0.75%	Increased
16	Allianz Asset Management Munich, Germany	$1.25B	-$210M	7	1.5%	Reduced
17	BlackRock Group London, United Kingdom	$1.24B	-$9.93M	7	0.78%	Reduced
18	Morgan Stanley New York	$1.14B	-$29.5M	9	0.48%	Reduced
19	Ameriprise Minneapolis, Minnesota	$1.06B	+$31.3M	8	0.64%	Increased
20	Geode Capital Management Boston, Massachusetts	$1.04B	+$4.8M	9	0.7%	Increased
21	Franklin Resources San Mateo, California	$992M	-$4.42M	2	0.47%	Reduced
22	Deutsche Bank Frankfurt Am Main Ge, Germany	$965M	-$75.5M	9	0.69%	Reduced
23	Fisher Asset Management Camas, Washington	$941M	+$17M	2	2.12%	Increased
24	Invesco Atlanta, Georgia	$938M	-$193M	9	0.38%	Reduced
25	Aberdeen Asset Management Aberdeen, United Kingdom	$929M	-$37.8M	2	2.59%	Reduced