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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	Vanguard Group Malvern, Pennsylvania	$16.1B	+$410M	9	0.57%	Increased
2	State Street Boston, Massachusetts	$14.9B	-$1.04B	9	1.08%	Reduced
3	BlackRock New York	$13.2B	+$1.07B	8	0.53%	Increased
4	Capital International Investors Los Angeles, California	$7.72B	+$1.02B	4	2.53%	Increased
5	Wellington Management Group Boston, Massachusetts	$5.11B	+$531M	4	1.14%	Increased
6	Capital Research Global Investors Los Angeles, California	$3.44B	-$214M	4	1.09%	Reduced
7	Capital World Investors Los Angeles, California	$3.18B	+$1.08B	4	0.77%	Increased
8	Fidelity Investments Boston, Massachusetts	$3.11B	-$656M	8	0.34%	Reduced
9	Bank of America Charlotte, North Carolina	$3.03B	-$455M	9	0.46%	Reduced
10	Geode Capital Management Boston, Massachusetts	$2.71B	+$102M	9	0.58%	Increased
11	Massachusetts Financial Services Boston, Massachusetts	$2.57B	-$666M	4	1.02%	Reduced
12	JP Morgan Chase New York	$2.46B	+$135M	9	0.47%	Increased
13	ClearBridge Investments New York	$2.19B	+$371M	5	1.98%	Increased
14	Wells Fargo San Francisco, California	$2.06B	+$41.9M	9	0.6%	Increased
15	Bank of New York Mellon New York	$2.05B	+$117M	9	0.55%	Increased
16	Northern Trust Chicago, Illinois	$2B	+$187M	8	0.47%	Increased
17	T. Rowe Price Associates Baltimore, Maryland	$1.84B	-$1.01B	8	0.23%	Reduced
18	Morgan Stanley New York	$1.68B	+$70.7M	9	0.37%	Increased
19	Nuveen Charlotte, North Carolina	$1.59B	-$24.3M	8	0.65%	Reduced
20	Franklin Resources San Mateo, California	$1.55B	+$263M	5	0.8%	Increased
21	Norges Bank Oslo, Norway	$1.4B	+$163M	6	0.4%	Increased
22	Janus Henderson Group London,	$1.35B	-$158M	6	0.76%	Reduced
23	Charles Schwab San Francisco, California	$1.31B	+$107M	8	0.64%	Increased
24	Macquarie Group Sydney, NSW 2000, Australia	$1.28B	+$607M	7	2.21%	Increased
25	Ameriprise Minneapolis, Minnesota	$1.23B	-$306M	8	0.53%	Reduced