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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	$12.9B	+$40.6M	8	1.5%	Increased
2	Vanguard Group Malvern, Pennsylvania	$7.68B	+$18M	9	0.55%	Increased
3	Massachusetts Financial Services Boston, Massachusetts	$3.7B	-$251M	2	2.07%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$3.23B	+$34.8M	8	0.56%	Increased
5	Wellington Management Group Boston, Massachusetts	$2.69B	-$44.7M	3	0.75%	Reduced
6	Bank of America Charlotte, North Carolina	$2.58B	+$850M	9	0.64%	Increased
7	JP Morgan Chase New York	$2.43B	-$215M	7	0.65%	Reduced
8	Capital World Investors Los Angeles, California	$2.31B	-$445M	2	0.68%	Reduced
9	Bank of New York Mellon New York	$2.04B	-$48M	9	0.63%	Reduced
10	Franklin Resources San Mateo, California	$1.91B	+$928M	3	0.94%	Increased
11	Northern Trust Chicago, Illinois	$1.63B	-$65.1M	8	0.55%	Reduced
12	BlackRock Fund Advisors San Francisco, California	$1.62B	-$2.84M	8	0.42%	Reduced
13	Fidelity Investments Boston, Massachusetts	$1.61B	-$526M	6	0.23%	Reduced
14	Wells Fargo San Francisco, California	$1.27B	-$130M	9	0.53%	Reduced
15	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.13B	+$1.25B	1	1.74%	New
16	AllianceBernstein Nashville, Tennessee	$1.11B	+$2.4M	6	0.95%	Increased
17	T. Rowe Price Associates Baltimore, Maryland	$1.04B	-$721M	7	0.23%	Reduced
18	BlackRock Group London, United Kingdom	$1.03B	+$55M	8	0.61%	Increased
19	Putnam Investments Boston, Massachusetts	$1.03B	-$44.9M	4	2.3%	Reduced
20	Boston Partners Boston, Massachusetts	$972M	+$70.1M	3	1.48%	Increased
21	Geode Capital Management Boston, Massachusetts	$966M	+$14.2M	9	0.59%	Increased
22	Morgan Stanley New York	$901M	-$356M	9	0.33%	Reduced
23	First Eagle Investment Management New York	$897M	-$81.2M	3	2.26%	Reduced
24	Norges Bank Oslo, Norway	$882M	+$54.1M	5	0.46%	Increased
25	Ameriprise Minneapolis, Minnesota	$879M	-$177M	7	0.54%	Reduced