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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	$23.3B	+$284M	9	0.55%	Increased
2	State Street Boston, Massachusetts	$22.4B	-$383M	9	1.11%	Reduced
3	BlackRock New York	$18.5B	+$110M	9	0.5%	Increased
4	Wellington Management Group Boston, Massachusetts	$10.7B	-$13.3M	6	1.83%	Reduced
5	Capital International Investors Los Angeles, California	$10.4B	-$370M	4	2.38%	Reduced
6	Capital Research Global Investors Los Angeles, California	$7.62B	+$1.2B	2	1.88%	Increased
7	Bank of America Charlotte, North Carolina	$5.81B	+$527M	9	0.56%	Increased
8	JP Morgan Chase New York	$5.71B	+$277M	9	0.69%	Increased
9	Fidelity Investments Boston, Massachusetts	$5.11B	+$134M	9	0.41%	Increased
10	Capital World Investors Los Angeles, California	$4.97B	+$282M	3	0.86%	Increased
11	Geode Capital Management Boston, Massachusetts	$4.6B	+$117M	9	0.57%	Increased
12	Morgan Stanley New York	$3.96B	-$39.4M	9	0.53%	Reduced
13	Massachusetts Financial Services Boston, Massachusetts	$3.89B	-$255M	4	1.15%	Reduced
14	Dodge & Cox San Francisco, California	$3.79B	-$9.67M	1	2.3%	Reduced
15	ClearBridge Investments New York	$3.03B	-$285M	5	2.28%	Reduced
16	Wells Fargo San Francisco, California	$2.96B	+$178M	9	0.76%	Increased
17	Invesco Atlanta, Georgia	$2.9B	+$99.7M	9	0.74%	Increased
18	Bank of New York Mellon New York	$2.9B	+$148M	9	0.56%	Increased
19	Ameriprise Minneapolis, Minnesota	$2.81B	-$117M	8	0.83%	Reduced
20	Northern Trust Chicago, Illinois	$2.53B	-$67.9M	9	0.45%	Reduced
21	T. Rowe Price Associates Baltimore, Maryland	$2.47B	+$756M	8	0.25%	Increased
22	Franklin Resources San Mateo, California	$2.22B	+$13.7M	5	0.89%	Increased
23	Nuveen Charlotte, North Carolina	$2B	+$45.7M	8	0.65%	Increased
24	Norges Bank Oslo, Norway	$1.96B	-$6.75M	6	0.43%	Reduced
25	Charles Schwab San Francisco, California	$1.91B	-$38.2M	8	0.57%	Reduced