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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	-$217M	8	1.61%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$9.72B	+$290M	9	0.6%	Increased
3	Massachusetts Financial Services Boston, Massachusetts	$3.71B	-$56.1M	2	1.87%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$3.65B	-$97.3M	8	0.59%	Reduced
5	Fidelity Investments Boston, Massachusetts	$3.56B	+$501M	7	0.49%	Increased
6	JP Morgan Chase New York	$2.5B	-$361M	8	0.62%	Reduced
7	Bank of America Charlotte, North Carolina	$2.41B	-$20M	9	0.56%	Reduced
8	BlackRock Fund Advisors San Francisco, California	$2.25B	+$48.9M	8	0.5%	Increased
9	Wellington Management Group Boston, Massachusetts	$2.19B	-$839M	3	0.57%	Reduced
10	Bank of New York Mellon New York	$2.18B	-$102M	9	0.66%	Reduced
11	Franklin Resources San Mateo, California	$2.03B	-$185M	3	1.09%	Reduced
12	T. Rowe Price Associates Baltimore, Maryland	$2.01B	+$634M	7	0.42%	Increased
13	Wells Fargo San Francisco, California	$1.83B	+$10.6M	9	0.71%	Increased
14	Northern Trust Chicago, Illinois	$1.75B	-$34.9M	8	0.57%	Reduced
15	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.56B	-$25.6M	2	2.37%	Reduced
16	Morgan Stanley New York	$1.49B	+$279M	9	0.54%	Increased
17	AllianceBernstein Nashville, Tennessee	$1.36B	+$28M	6	1.17%	Increased
18	Capital World Investors Los Angeles, California	$1.36B	-$340M	2	0.37%	Reduced
19	BlackRock Group London, United Kingdom	$1.16B	-$33.9M	8	0.6%	Reduced
20	Boston Partners Boston, Massachusetts	$1.13B	+$264M	5	1.64%	Increased
21	Geode Capital Management Boston, Massachusetts	$1.13B	-$29.1M	9	0.62%	Reduced
22	Putnam Investments Boston, Massachusetts	$1.06B	-$22.2M	4	2.57%	Reduced
23	Evercore Trust Company New York	$1B	-$626K	2	3.21%	Reduced
24	Davis Selected Advisers Tucson, Arizona	$954M	+$42.9M	1	4.2%	Increased
25	Janus Henderson Investors US Denver, Colorado	$924M	-$81.1M	4	0.79%	Reduced