← All themes Defense Modernization

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	$19B	+$51.9M	9	0.52%	Increased
2	State Street Boston, Massachusetts	$18.4B	+$1.37B	9	1.05%	Increased
3	BlackRock New York	$16B	+$171M	9	0.47%	Increased
4	Capital International Investors Los Angeles, California	$8.28B	-$352M	4	2.1%	Reduced
5	Wellington Management Group Boston, Massachusetts	$7.81B	+$335M	6	1.38%	Increased
6	JP Morgan Chase New York	$4.46B	+$375M	9	0.6%	Increased
7	Capital Research Global Investors Los Angeles, California	$4.3B	-$40.7M	2	1.05%	Reduced
8	Fidelity Investments Boston, Massachusetts	$3.67B	+$568M	9	0.31%	Increased
9	Geode Capital Management Boston, Massachusetts	$3.33B	+$82.6M	9	0.51%	Increased
10	Bank of America Charlotte, North Carolina	$3.31B	+$217M	9	0.37%	Increased
11	Massachusetts Financial Services Boston, Massachusetts	$3.2B	+$43.5M	4	0.98%	Increased
12	Dodge & Cox San Francisco, California	$3.06B	+$31.8M	1	2.18%	Increased
13	ClearBridge Investments New York	$2.82B	+$481K	5	2.1%	Increased
14	Wells Fargo San Francisco, California	$2.76B	+$72.6M	9	0.62%	Increased
15	Morgan Stanley New York	$2.64B	+$73M	9	0.39%	Increased
16	Bank of New York Mellon New York	$2.26B	+$17.4M	9	0.46%	Increased
17	Northern Trust Chicago, Illinois	$2.25B	-$51.7M	8	0.42%	Reduced
18	Capital World Investors Los Angeles, California	$1.84B	-$1.58B	3	0.34%	Reduced
19	Janus Henderson Group London,	$1.81B	-$142M	6	0.82%	Reduced
20	Franklin Resources San Mateo, California	$1.75B	-$209M	5	0.71%	Reduced
21	Norges Bank Oslo, Norway	$1.75B	+$45.7M	6	0.4%	Increased
22	Ameriprise Minneapolis, Minnesota	$1.73B	+$366M	8	0.58%	Increased
23	Charles Schwab San Francisco, California	$1.53B	-$51.9M	8	0.56%	Reduced
24	Dimensional Fund Advisors Austin, Texas	$1.48B	-$50.8M	9	0.49%	Reduced
25	Macquarie Group Sydney, NSW 2000, Australia	$1.46B	-$33.5M	7	2.07%	Reduced