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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	$15.5B	-$105M	9	0.51%	Reduced
2	State Street Boston, Massachusetts	$14.2B	-$325M	9	0.97%	Reduced
3	BlackRock New York	$12.6B	-$272M	9	0.46%	Reduced
4	Capital International Investors Los Angeles, California	$7.54B	-$213M	4	2.33%	Reduced
5	Wellington Management Group Boston, Massachusetts	$5.79B	+$826M	5	1.2%	Increased
6	Capital World Investors Los Angeles, California	$3.29B	+$87.8M	4	0.72%	Increased
7	Capital Research Global Investors Los Angeles, California	$3.18B	-$125M	2	0.95%	Reduced
8	JP Morgan Chase New York	$3.03B	+$605M	9	0.51%	Increased
9	Bank of America Charlotte, North Carolina	$2.97B	+$59.1M	9	0.4%	Increased
10	Fidelity Investments Boston, Massachusetts	$2.76B	-$384M	8	0.28%	Reduced
11	Geode Capital Management Boston, Massachusetts	$2.7B	+$59.5M	9	0.53%	Increased
12	Massachusetts Financial Services Boston, Massachusetts	$2.64B	+$41.4M	4	0.96%	Increased
13	Wells Fargo San Francisco, California	$2.07B	+$70.2M	9	0.57%	Increased
14	ClearBridge Investments New York	$1.97B	-$136M	4	1.69%	Reduced
15	Bank of New York Mellon New York	$1.94B	-$50.9M	9	0.48%	Reduced
16	Northern Trust Chicago, Illinois	$1.94B	-$12.7M	8	0.42%	Reduced
17	Morgan Stanley New York	$1.75B	+$148M	9	0.34%	Increased
18	Dodge & Cox San Francisco, California	$1.74B	+$637M	1	1.6%	Increased
19	T. Rowe Price Associates Baltimore, Maryland	$1.7B	-$149M	8	0.2%	Reduced
20	Franklin Resources San Mateo, California	$1.58B	+$144M	5	0.77%	Increased
21	Nuveen Charlotte, North Carolina	$1.38B	-$176M	8	0.53%	Reduced
22	Janus Henderson Group London,	$1.37B	+$48.6M	6	0.72%	Increased
23	Ameriprise Minneapolis, Minnesota	$1.32B	+$99.8M	8	0.54%	Increased
24	Norges Bank Oslo, Norway	$1.28B	-$61.5M	6	0.34%	Reduced
25	Macquarie Group Sydney, NSW 2000, Australia	$1.27B	+$8.68M	7	2.15%	Increased