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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	$20B	-$890M	9	0.5%	Reduced
2	State Street Boston, Massachusetts	$20B	-$294M	9	1.06%	Reduced
3	BlackRock New York	$16.3B	-$501M	9	0.46%	Reduced
4	Capital International Investors Los Angeles, California	$9.88B	+$325M	4	2.26%	Increased
5	Wellington Management Group Boston, Massachusetts	$9.33B	+$503M	6	1.59%	Increased
6	Capital Research Global Investors Los Angeles, California	$4.98B	+$361M	2	1.16%	Increased
7	JP Morgan Chase New York	$4.44B	-$393M	9	0.55%	Reduced
8	Fidelity Investments Boston, Massachusetts	$4.38B	-$22.1M	8	0.35%	Reduced
9	Bank of America Charlotte, North Carolina	$4.31B	+$110M	9	0.45%	Increased
10	Geode Capital Management Boston, Massachusetts	$3.89B	+$87.3M	9	0.52%	Increased
11	Massachusetts Financial Services Boston, Massachusetts	$3.61B	+$143M	5	1.05%	Increased
12	Dodge & Cox San Francisco, California	$3.31B	-$64.7M	1	2.15%	Reduced
13	Capital World Investors Los Angeles, California	$3.27B	+$715M	3	0.56%	Increased
14	Morgan Stanley New York	$3.17B	+$55M	9	0.43%	Increased
15	ClearBridge Investments New York	$2.98B	-$13.9M	5	2.12%	Reduced
16	Wells Fargo San Francisco, California	$2.72B	-$197M	9	0.6%	Reduced
17	Bank of New York Mellon New York	$2.36B	-$5.41M	9	0.46%	Reduced
18	Invesco Atlanta, Georgia	$2.33B	+$191M	9	0.59%	Increased
19	Northern Trust Chicago, Illinois	$2.3B	-$82.3M	8	0.41%	Reduced
20	Ameriprise Minneapolis, Minnesota	$1.95B	-$20.2M	8	0.62%	Reduced
21	Franklin Resources San Mateo, California	$1.9B	-$23.2M	5	0.72%	Reduced
22	Norges Bank Oslo, Norway	$1.79B	-$162M	6	0.4%	Reduced
23	Charles Schwab San Francisco, California	$1.69B	+$365K	8	0.55%	Increased
24	Nuveen Charlotte, North Carolina	$1.63B	+$5.88M	8	0.5%	Increased
25	Macquarie Group Sydney, NSW 2000, Australia	$1.62B	-$50.2M	7	1.38%	Reduced