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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	$17.6B	-$282M	9	0.51%	Reduced
2	State Street Boston, Massachusetts	$15.8B	-$322M	9	0.97%	Reduced
3	BlackRock New York	$14.7B	+$45.1M	8	0.47%	Increased
4	Capital International Investors Los Angeles, California	$8.1B	+$161M	4	2.21%	Increased
5	Wellington Management Group Boston, Massachusetts	$6.95B	+$543M	6	1.28%	Increased
6	Capital Research Global Investors Los Angeles, California	$4.03B	+$168M	2	1.05%	Increased
7	JP Morgan Chase New York	$3.79B	+$466M	9	0.56%	Increased
8	Capital World Investors Los Angeles, California	$3.3B	-$162M	3	0.64%	Reduced
9	Geode Capital Management Boston, Massachusetts	$3.02B	-$74.3M	9	0.51%	Reduced
10	Massachusetts Financial Services Boston, Massachusetts	$2.95B	+$210M	4	0.95%	Increased
11	Bank of America Charlotte, North Carolina	$2.9B	-$440M	9	0.37%	Reduced
12	Dodge & Cox San Francisco, California	$2.8B	+$578M	1	2.21%	Increased
13	ClearBridge Investments New York	$2.63B	+$271M	4	2.03%	Increased
14	Fidelity Investments Boston, Massachusetts	$2.61B	-$556M	7	0.23%	Reduced
15	Wells Fargo San Francisco, California	$2.51B	+$113M	9	0.6%	Increased
16	Morgan Stanley New York	$2.39B	+$296M	9	0.37%	Increased
17	Northern Trust Chicago, Illinois	$2.14B	-$91.2M	8	0.42%	Reduced
18	Bank of New York Mellon New York	$2.08B	-$165M	9	0.45%	Reduced
19	Franklin Resources San Mateo, California	$1.84B	-$29.6M	5	0.78%	Reduced
20	Janus Henderson Group London,	$1.83B	+$279M	5	0.85%	Increased
21	Norges Bank Oslo, Norway	$1.57B	+$5.4M	6	0.37%	Increased
22	Charles Schwab San Francisco, California	$1.47B	-$8.05M	8	0.58%	Reduced
23	Nuveen Charlotte, North Carolina	$1.41B	-$155M	8	0.48%	Reduced
24	Macquarie Group Sydney, NSW 2000, Australia	$1.4B	+$9.53M	7	2.04%	Increased
25	Dimensional Fund Advisors Austin, Texas	$1.36B	-$34.6M	9	0.49%	Reduced