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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	$15.6B	-$161M	9	1.36%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$15.5B	+$487M	9	0.66%	Increased
3	BlackRock New York	$12.1B	-$1.12B	8	0.59%	Reduced
4	Capital International Investors Los Angeles, California	$6.65B	+$867M	4	2.72%	Increased
5	Wellington Management Group Boston, Massachusetts	$4.5B	+$373M	5	1.19%	Increased
6	Fidelity Investments Boston, Massachusetts	$3.69B	-$276M	8	0.51%	Reduced
7	Capital Research Global Investors Los Angeles, California	$3.65B	+$1.94B	4	1.43%	Increased
8	Bank of America Charlotte, North Carolina	$3.4B	+$511M	9	0.61%	Increased
9	Massachusetts Financial Services Boston, Massachusetts	$3.18B	-$406M	4	1.51%	Reduced
10	T. Rowe Price Associates Baltimore, Maryland	$2.85B	-$499M	7	0.45%	Reduced
11	Geode Capital Management Boston, Massachusetts	$2.58B	-$9.28M	9	0.67%	Reduced
12	JP Morgan Chase New York	$2.27B	+$225M	9	0.53%	Increased
13	Capital World Investors Los Angeles, California	$2.14B	+$30.3M	3	0.62%	Increased
14	Wells Fargo San Francisco, California	$2.03B	-$24.2M	9	0.7%	Reduced
15	Bank of New York Mellon New York	$1.92B	-$1.43M	9	0.64%	Reduced
16	ClearBridge Investments New York	$1.83B	+$717M	6	1.98%	Increased
17	Northern Trust Chicago, Illinois	$1.8B	-$187M	8	0.52%	Reduced
18	Dodge & Cox San Francisco, California	$1.8B	+$280M	1	1.94%	Increased
19	Nuveen Charlotte, North Carolina	$1.6B	+$73.2M	8	0.78%	Increased
20	Morgan Stanley New York	$1.57B	-$59.3M	9	0.43%	Reduced
21	Janus Henderson Group London,	$1.56B	+$27.9M	7	1.07%	Increased
22	Ameriprise Minneapolis, Minnesota	$1.52B	+$299M	8	0.8%	Increased
23	Norges Bank Oslo, Norway	$1.23B	-$32.6M	6	0.44%	Reduced
24	Franklin Resources San Mateo, California	$1.2B	+$366M	5	0.8%	Increased
25	Charles Schwab San Francisco, California	$1.18B	+$449M	8	0.69%	Increased