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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	$16.3B	-$145M	8	1.45%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$11.6B	+$454M	9	0.6%	Increased
3	BlackRock New York	$10.1B	+$9.67B	9	0.56%	Increased
4	Fidelity Investments Boston, Massachusetts	$4.44B	-$180M	7	0.56%	Reduced
5	Bank of America Charlotte, North Carolina	$2.99B	+$297M	9	0.6%	Increased
6	Massachusetts Financial Services Boston, Massachusetts	$2.98B	+$10.4M	3	1.4%	Increased
7	T. Rowe Price Associates Baltimore, Maryland	$2.54B	-$109M	8	0.48%	Reduced
8	Wellington Management Group Boston, Massachusetts	$2.46B	+$110M	3	0.59%	Increased
9	Wells Fargo San Francisco, California	$2.22B	+$12.3M	9	0.72%	Increased
10	Bank of New York Mellon New York	$2.14B	-$90.7M	9	0.59%	Reduced
11	Northern Trust Chicago, Illinois	$1.91B	+$43.5M	8	0.55%	Increased
12	Franklin Resources San Mateo, California	$1.78B	-$115M	3	0.9%	Reduced
13	Morgan Stanley New York	$1.61B	-$293M	9	0.5%	Reduced
14	JP Morgan Chase New York	$1.57B	-$473M	8	0.36%	Reduced
15	Boston Partners Boston, Massachusetts	$1.52B	+$24.9M	5	1.94%	Increased
16	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.48B	-$42.9M	1	2.23%	Reduced
17	Capital World Investors Los Angeles, California	$1.47B	+$30.8M	2	0.35%	Increased
18	Geode Capital Management Boston, Massachusetts	$1.47B	+$88.6M	9	0.6%	Increased
19	Norges Bank Oslo, Norway	$1.1B	+$4.54M	5	0.45%	Increased
20	AllianceBernstein Nashville, Tennessee	$1.09B	+$233M	9	0.87%	Increased
21	UBS Group Zurich, Switzerland	$1.05B	+$28.7M	9	0.57%	Increased
22	Janus Henderson Investors US Denver, Colorado	$1.01B	+$137M	3	0.83%	Increased
23	Fisher Asset Management Camas, Washington	$958M	+$11.9M	2	1.53%	Increased
24	Capital Research Global Investors Los Angeles, California	$951M	+$40.1M	1	0.3%	Increased
25	Putnam Investments Boston, Massachusetts	$933M	-$80.2M	5	2.19%	Reduced