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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	$14.7B	+$746K	8	1.48%	Increased
2	Vanguard Group Malvern, Pennsylvania	$9.83B	+$211M	9	0.58%	Increased
3	Fidelity Investments Boston, Massachusetts	$3.86B	+$370M	6	0.51%	Increased
4	BlackRock Institutional Trust San Francisco, California	$3.64B	+$34.3M	9	0.57%	Increased
5	Massachusetts Financial Services Boston, Massachusetts	$3.15B	-$507M	2	1.54%	Reduced
6	Bank of America Charlotte, North Carolina	$2.43B	+$14.3M	9	0.53%	Increased
7	BlackRock Fund Advisors San Francisco, California	$2.29B	+$107M	8	0.47%	Increased
8	T. Rowe Price Associates Baltimore, Maryland	$2.22B	+$122M	7	0.45%	Increased
9	Wellington Management Group Boston, Massachusetts	$2.19B	+$23M	4	0.55%	Increased
10	Bank of New York Mellon New York	$2.08B	-$62.2M	9	0.62%	Reduced
11	JP Morgan Chase New York	$1.98B	-$524M	9	0.49%	Reduced
12	Wells Fargo San Francisco, California	$1.88B	+$15.9M	9	0.69%	Increased
13	Northern Trust Chicago, Illinois	$1.72B	-$8.49M	8	0.54%	Reduced
14	Franklin Resources San Mateo, California	$1.69B	-$326M	3	0.89%	Reduced
15	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.49B	-$54.7M	2	2.27%	Reduced
16	Morgan Stanley New York	$1.38B	-$88.2M	9	0.47%	Reduced
17	Boston Partners Boston, Massachusetts	$1.3B	+$118M	5	1.82%	Increased
18	Capital World Investors Los Angeles, California	$1.3B	-$9.23M	1	0.34%	Reduced
19	AllianceBernstein Nashville, Tennessee	$1.28B	-$63.8M	8	1.08%	Reduced
20	Geode Capital Management Boston, Massachusetts	$1.17B	+$47.1M	9	0.59%	Increased
21	BlackRock Group London, United Kingdom	$1.01B	-$148M	8	0.51%	Reduced
22	Putnam Investments Boston, Massachusetts	$920M	-$103M	4	2.21%	Reduced
23	Davis Selected Advisers Tucson, Arizona	$904M	-$42.4M	1	3.94%	Reduced
24	UBS Group Zurich, Switzerland	$898M	+$38.9M	9	0.54%	Increased
25	Janus Henderson Investors US Denver, Colorado	$886M	-$9.27M	4	0.75%	Reduced