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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	$15.6B	+$29M	8	1.69%	Increased
2	Vanguard Group Malvern, Pennsylvania	$8.22B	+$171M	8	0.65%	Increased
3	T. Rowe Price Associates Baltimore, Maryland	$4.45B	+$166M	7	0.96%	Increased
4	Massachusetts Financial Services Boston, Massachusetts	$4.4B	+$20M	2	2.3%	Increased
5	BlackRock Institutional Trust San Francisco, California	$3.84B	-$111M	8	0.64%	Reduced
6	Fidelity Investments Boston, Massachusetts	$3.36B	-$307M	5	0.45%	Reduced
7	Wellington Management Group Boston, Massachusetts	$3.34B	+$484M	4	0.9%	Increased
8	Capital World Investors Los Angeles, California	$3.06B	-$936K	2	0.84%	Reduced
9	JP Morgan Chase New York	$2.9B	-$140M	7	0.74%	Reduced
10	Bank of America Charlotte, North Carolina	$2.55B	+$439M	9	0.82%	Increased
11	Bank of New York Mellon New York	$2.49B	-$20.9M	9	0.67%	Reduced
12	Northern Trust Chicago, Illinois	$2.12B	-$43.1M	8	0.66%	Reduced
13	BlackRock Fund Advisors San Francisco, California	$2.01B	+$49M	8	0.57%	Increased
14	Norges Bank Oslo, Norway	$1.86B	+$958M	5	0.5%	Increased
15	Wells Fargo San Francisco, California	$1.75B	-$9.1M	9	0.72%	Reduced
16	BlackRock Advisors Wilmington, Delaware	$1.48B	-$310M	8	1.4%	Reduced
17	BlackRock Group London, United Kingdom	$1.2B	-$17.3M	7	0.69%	Reduced
18	Allianz Asset Management Munich, Germany	$1.18B	-$62.3M	7	1.48%	Reduced
19	Morgan Stanley New York	$1.07B	-$63.5M	9	0.42%	Reduced
20	Geode Capital Management Boston, Massachusetts	$1.04B	+$13.6M	9	0.67%	Increased
21	Franklin Resources San Mateo, California	$1.01B	+$31.5M	3	0.44%	Increased
22	Fisher Asset Management Camas, Washington	$956M	+$26.4M	2	2.01%	Increased
23	Aberdeen Asset Management Aberdeen, United Kingdom	$953M	+$31.2M	3	1.99%	Increased
24	Ameriprise Minneapolis, Minnesota	$884M	-$167M	8	0.52%	Reduced
25	LSV Asset Management Chicago, Illinois	$871M	-$30.1M	6	1.93%	Reduced