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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	$20.3B	-$106M	9	0.46%	Reduced
2	State Street Boston, Massachusetts	$19.9B	-$544M	9	0.94%	Reduced
3	BlackRock New York	$16.4B	-$244M	9	0.42%	Reduced
4	Capital International Investors Los Angeles, California	$9.4B	-$781M	4	1.99%	Reduced
5	Wellington Management Group Boston, Massachusetts	$9.3B	-$261M	6	1.49%	Reduced
6	Capital Research Global Investors Los Angeles, California	$5.52B	+$557M	2	1.22%	Increased
7	JP Morgan Chase New York	$4.71B	+$122M	9	0.54%	Increased
8	Bank of America Charlotte, North Carolina	$4.61B	+$243M	9	0.45%	Increased
9	Fidelity Investments Boston, Massachusetts	$4.48B	-$206M	8	0.33%	Reduced
10	Capital World Investors Los Angeles, California	$4.02B	+$840M	3	0.64%	Increased
11	Geode Capital Management Boston, Massachusetts	$3.93B	-$23.3M	9	0.47%	Reduced
12	Massachusetts Financial Services Boston, Massachusetts	$3.61B	-$149M	4	0.99%	Reduced
13	Morgan Stanley New York	$3.51B	+$267M	9	0.43%	Increased
14	Dodge & Cox San Francisco, California	$3.3B	-$14M	1	2.04%	Reduced
15	ClearBridge Investments New York	$2.91B	-$98.9M	5	1.98%	Reduced
16	Ameriprise Minneapolis, Minnesota	$2.55B	+$566M	8	0.71%	Increased
17	Invesco Atlanta, Georgia	$2.48B	+$90.7M	9	0.6%	Increased
18	Bank of New York Mellon New York	$2.42B	+$12.8M	9	0.44%	Increased
19	Wells Fargo San Francisco, California	$2.4B	-$309M	9	0.6%	Reduced
20	Northern Trust Chicago, Illinois	$2.29B	-$41.9M	8	0.38%	Reduced
21	Franklin Resources San Mateo, California	$1.92B	-$4.35M	6	0.69%	Reduced
22	Norges Bank Oslo, Norway	$1.73B	-$66M	6	0.36%	Reduced
23	Charles Schwab San Francisco, California	$1.72B	+$6.61M	8	0.51%	Increased
24	Nuveen Charlotte, North Carolina	$1.7B	+$36.1M	8	0.5%	Increased
25	Dimensional Fund Advisors Austin, Texas	$1.63B	-$9.91M	9	0.49%	Reduced