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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	$16.1B	-$90.9M	8	1.6%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$8.74B	+$150M	8	0.63%	Increased
3	Massachusetts Financial Services Boston, Massachusetts	$4.76B	-$222M	2	2.42%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$3.93B	-$93.6M	8	0.63%	Reduced
5	Capital World Investors Los Angeles, California	$3.5B	+$74.8M	2	0.95%	Increased
6	Wellington Management Group Boston, Massachusetts	$3.43B	-$62.2M	2	0.91%	Reduced
7	JP Morgan Chase New York	$3.01B	-$73.7M	6	0.69%	Reduced
8	Bank of New York Mellon New York	$2.58B	-$41.3M	9	0.67%	Reduced
9	Fidelity Investments Boston, Massachusetts	$2.55B	+$102M	5	0.33%	Increased
10	T. Rowe Price Associates Baltimore, Maryland	$2.4B	-$1.75B	7	0.51%	Reduced
11	Bank of America Charlotte, North Carolina	$2.2B	-$365M	9	0.79%	Reduced
12	BlackRock Fund Advisors San Francisco, California	$2.17B	+$47.4M	8	0.54%	Increased
13	Northern Trust Chicago, Illinois	$2.05B	-$32.8M	8	0.62%	Reduced
14	Wells Fargo San Francisco, California	$1.52B	-$143M	9	0.59%	Reduced
15	BlackRock Group London, United Kingdom	$1.28B	-$3.95M	7	0.68%	Reduced
16	Franklin Resources San Mateo, California	$1.26B	+$134M	2	0.57%	Increased
17	Morgan Stanley New York	$1.25B	+$52.2M	9	0.46%	Increased
18	Allianz Asset Management Munich, Germany	$1.17B	-$67.8M	7	1.3%	Reduced
19	BlackRock Advisors Wilmington, Delaware	$1.17B	-$346M	8	1.17%	Reduced
20	Norges Bank Oslo, Norway	$1.1B	+$123M	5	0.56%	Increased
21	Geode Capital Management Boston, Massachusetts	$1.09B	+$22.6M	9	0.65%	Increased
22	Ameriprise Minneapolis, Minnesota	$1.05B	+$161M	7	0.61%	Increased
23	Managed Account Advisors Jersey City, New Jersey	$1.02B	+$216M	5	1.01%	Increased
24	Aberdeen Asset Management Aberdeen, United Kingdom	$974M	-$41.5M	3	2.45%	Reduced
25	Fisher Asset Management Camas, Washington	$925M	-$36.7M	2	1.91%	Reduced