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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	$14.4B	-$203M	8	1.55%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$8.83B	-$77.6M	9	0.57%	Reduced
3	Massachusetts Financial Services Boston, Massachusetts	$3.58B	-$308M	2	1.86%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$3.52B	-$176M	8	0.58%	Reduced
5	Wellington Management Group Boston, Massachusetts	$2.89B	+$150M	4	0.76%	Increased
6	Bank of New York Mellon New York	$2.89B	-$95.6M	9	0.87%	Reduced
7	Fidelity Investments Boston, Massachusetts	$2.89B	+$766M	7	0.4%	Increased
8	JP Morgan Chase New York	$2.7B	-$332M	8	0.69%	Reduced
9	Bank of America Charlotte, North Carolina	$2.32B	-$410M	9	0.56%	Reduced
10	Franklin Resources San Mateo, California	$2.14B	+$19.5M	3	1.14%	Increased
11	BlackRock Fund Advisors San Francisco, California	$2B	-$38.5M	8	0.46%	Reduced
12	Wells Fargo San Francisco, California	$1.72B	+$116M	9	0.69%	Increased
13	Northern Trust Chicago, Illinois	$1.66B	-$57.4M	8	0.55%	Reduced
14	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.55B	+$166M	2	2.36%	Increased
15	Capital World Investors Los Angeles, California	$1.54B	-$720M	3	0.43%	Reduced
16	T. Rowe Price Associates Baltimore, Maryland	$1.26B	+$286M	7	0.27%	Increased
17	AllianceBernstein Nashville, Tennessee	$1.26B	+$232M	6	1.07%	Increased
18	Morgan Stanley New York	$1.15B	+$98.1M	9	0.44%	Increased
19	BlackRock Group London, United Kingdom	$1.14B	-$60.8M	8	0.61%	Reduced
20	Geode Capital Management Boston, Massachusetts	$1.09B	-$11.9M	9	0.58%	Reduced
21	Evercore Trust Company New York	$979M	-$198K	2	3.21%	Reduced
22	Putnam Investments Boston, Massachusetts	$971M	-$53.4M	4	2.31%	Reduced
23	Deutsche Bank Frankfurt Am Main Ge, Germany	$932M	-$20.5M	9	0.7%	Reduced
24	Norges Bank Oslo, Norway	$909M	-$32.4M	5	0.45%	Reduced
25	Janus Henderson Investors US Denver, Colorado	$906M	+$378M	4	0.79%	Increased