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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	$15B	-$364M	8	1.6%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$8.85B	+$140M	9	0.6%	Increased
3	Massachusetts Financial Services Boston, Massachusetts	$4.65B	+$43.8M	2	2.36%	Increased
4	BlackRock Institutional Trust San Francisco, California	$3.71B	-$198M	8	0.6%	Reduced
5	Wellington Management Group Boston, Massachusetts	$3.21B	-$79.8M	3	0.83%	Reduced
6	Capital World Investors Los Angeles, California	$3.15B	-$126M	2	0.86%	Reduced
7	JP Morgan Chase New York	$3.11B	+$262M	7	0.73%	Increased
8	Fidelity Investments Boston, Massachusetts	$2.52B	-$272M	6	0.32%	Reduced
9	Bank of New York Mellon New York	$2.44B	-$131M	9	0.67%	Reduced
10	Bank of America Charlotte, North Carolina	$2.18B	-$69.7M	9	0.71%	Reduced
11	T. Rowe Price Associates Baltimore, Maryland	$2.01B	-$182M	7	0.41%	Reduced
12	Northern Trust Chicago, Illinois	$1.98B	-$4.31M	8	0.6%	Reduced
13	BlackRock Fund Advisors San Francisco, California	$1.92B	-$13.2M	8	0.46%	Reduced
14	Wells Fargo San Francisco, California	$1.62B	+$88.4M	9	0.62%	Increased
15	Morgan Stanley New York	$1.47B	+$196M	9	0.51%	Increased
16	Franklin Resources San Mateo, California	$1.26B	+$23.3M	3	0.57%	Increased
17	Ameriprise Minneapolis, Minnesota	$1.21B	-$23.4M	7	0.69%	Reduced
18	AllianceBernstein Nashville, Tennessee	$1.18B	+$187M	6	0.98%	Increased
19	BlackRock Group London, United Kingdom	$1.15B	-$34.4M	7	0.63%	Reduced
20	Managed Account Advisors Jersey City, New Jersey	$1.14B	+$90.3M	6	0.94%	Increased
21	Geode Capital Management Boston, Massachusetts	$1.1B	+$5.23M	8	0.63%	Increased
22	Putnam Investments Boston, Massachusetts	$1.07B	-$18.9M	4	2.15%	Reduced
23	Boston Partners Boston, Massachusetts	$1.04B	+$170M	3	1.5%	Increased
24	Norges Bank Oslo, Norway	$1.02B	-$33.3M	5	0.51%	Reduced
25	BlackRock Advisors Wilmington, Delaware	$941M	-$173M	8	0.98%	Reduced