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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	$14.8B	-$5.51M	8	1.59%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$7.87B	+$107M	8	0.61%	Increased
3	Massachusetts Financial Services Boston, Massachusetts	$4.57B	+$464M	2	2.42%	Increased
4	T. Rowe Price Associates Baltimore, Maryland	$3.92B	-$146M	7	0.86%	Reduced
5	BlackRock Institutional Trust San Francisco, California	$3.7B	+$53.8M	8	0.62%	Increased
6	Wellington Management Group Boston, Massachusetts	$3.19B	+$7.4M	3	0.88%	Increased
7	Capital World Investors Los Angeles, California	$3.12B	+$184M	2	0.88%	Increased
8	JP Morgan Chase New York	$2.83B	+$119M	6	0.67%	Increased
9	Bank of New York Mellon New York	$2.4B	+$28.6M	9	0.65%	Increased
10	Bank of America Charlotte, North Carolina	$2.37B	-$79.9M	9	0.77%	Reduced
11	Fidelity Investments Boston, Massachusetts	$2.24B	-$857M	5	0.3%	Reduced
12	BlackRock Fund Advisors San Francisco, California	$1.96B	+$34.9M	8	0.55%	Increased
13	Northern Trust Chicago, Illinois	$1.91B	-$90.6M	8	0.6%	Reduced
14	Wells Fargo San Francisco, California	$1.53B	-$79.6M	9	0.64%	Reduced
15	BlackRock Advisors Wilmington, Delaware	$1.39B	-$60.9M	8	1.39%	Reduced
16	BlackRock Group London, United Kingdom	$1.17B	+$35.8M	7	0.68%	Increased
17	Allianz Asset Management Munich, Germany	$1.15B	-$2.86M	7	1.39%	Reduced
18	Morgan Stanley New York	$1.09B	+$95.1M	9	0.42%	Increased
19	Franklin Resources San Mateo, California	$1.02B	+$74.6M	2	0.47%	Increased
20	Geode Capital Management Boston, Massachusetts	$980M	-$8.21M	9	0.64%	Reduced
21	Aberdeen Asset Management Aberdeen, United Kingdom	$934M	+$57.6M	3	2.06%	Increased
22	Norges Bank Oslo, Norway	$899M	-$826M	5	0.49%	Reduced
23	Fisher Asset Management Camas, Washington	$885M	+$11.5M	2	1.89%	Increased
24	LSV Asset Management Chicago, Illinois	$874M	+$400K	6	1.91%	Increased
25	Deutsche Bank Frankfurt Am Main Ge, Germany	$835M	+$74.4M	9	0.52%	Increased