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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	$17.9B	-$248M	8	1.5%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$14.6B	+$238M	9	0.61%	Increased
3	BlackRock New York	$12.7B	-$45.3M	8	0.59%	Reduced
4	Fidelity Investments Boston, Massachusetts	$6.52B	-$64.4M	6	0.75%	Reduced
5	T. Rowe Price Associates Baltimore, Maryland	$4.31B	+$615M	8	0.66%	Increased
6	Bank of America Charlotte, North Carolina	$3.97B	+$42.7M	9	0.66%	Increased
7	Wellington Management Group Boston, Massachusetts	$3.8B	+$685M	5	0.85%	Increased
8	Massachusetts Financial Services Boston, Massachusetts	$3.44B	-$72.5M	3	1.47%	Reduced
9	Wells Fargo San Francisco, California	$2.29B	-$23M	9	0.68%	Reduced
10	JP Morgan Chase New York	$2.26B	-$516M	9	0.47%	Reduced
11	Bank of New York Mellon New York	$2.05B	-$41.7M	9	0.56%	Reduced
12	Northern Trust Chicago, Illinois	$2.02B	-$32.1M	8	0.51%	Reduced
13	Geode Capital Management Boston, Massachusetts	$1.94B	-$7.31M	9	0.6%	Reduced
14	Morgan Stanley New York	$1.91B	-$599M	9	0.52%	Reduced
15	Capital Research Global Investors Los Angeles, California	$1.82B	+$348M	3	0.5%	Increased
16	Viking Global Investors Stamford, Connecticut	$1.46B	+$791M	2	8.38%	Increased
17	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.37B	-$58.8M	1	2.2%	Reduced
18	UBS Group Zurich, Switzerland	$1.35B	-$36.6M	9	0.59%	Reduced
19	Capital International Investors Los Angeles, California	$1.29B	+$264M	2	1.46%	Increased
20	Goldman Sachs New York	$1.23B	-$318M	9	0.33%	Reduced
21	Boston Partners Boston, Massachusetts	$1.21B	+$28.7M	4	1.45%	Increased
22	Norges Bank Oslo, Norway	$1.16B	-$5.95M	5	0.4%	Reduced
23	AllianceBernstein Nashville, Tennessee	$1.14B	-$55.4M	9	0.8%	Reduced
24	Janus Henderson Group London,	$1.14B	-$232M	7	0.65%	Reduced
25	Capital World Investors Los Angeles, California	$1.14B	-$441M	2	0.24%	Reduced