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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	+$228M	9	0.65%	Increased
2	State Street Boston, Massachusetts	$21.9B	-$407M	9	1.31%	Reduced
3	BlackRock New York	$18.6B	+$268M	9	0.6%	Increased
4	Capital International Investors Los Angeles, California	$10.4B	-$339M	3	2.82%	Reduced
5	Wellington Management Group Boston, Massachusetts	$9.6B	-$1.18B	6	1.93%	Reduced
6	Capital Research Global Investors Los Angeles, California	$8.19B	+$791M	2	2.55%	Increased
7	Bank of America Charlotte, North Carolina	$5.91B	+$157M	9	0.67%	Increased
8	Capital World Investors Los Angeles, California	$5.86B	+$971M	3	1.25%	Increased
9	JP Morgan Chase New York	$5.42B	-$334M	9	0.75%	Reduced
10	Fidelity Investments Boston, Massachusetts	$5.19B	-$7.2M	9	0.52%	Reduced
11	Morgan Stanley New York	$4.96B	+$1B	9	0.64%	Increased
12	Geode Capital Management Boston, Massachusetts	$4.71B	+$142M	9	0.69%	Increased
13	Massachusetts Financial Services Boston, Massachusetts	$3.85B	-$168M	4	1.33%	Reduced
14	Dodge & Cox San Francisco, California	$3.51B	-$160M	1	2.43%	Reduced
15	Bank of New York Mellon New York	$3.08B	+$220M	9	0.7%	Increased
16	ClearBridge Investments New York	$2.97B	-$17.4M	5	2.77%	Reduced
17	T. Rowe Price Associates Baltimore, Maryland	$2.88B	+$454M	8	0.36%	Increased
18	Ameriprise Minneapolis, Minnesota	$2.81B	-$13.4M	8	0.98%	Reduced
19	Wells Fargo San Francisco, California	$2.77B	-$117M	9	0.86%	Reduced
20	Invesco Atlanta, Georgia	$2.73B	-$112M	9	0.83%	Reduced
21	Northern Trust Chicago, Illinois	$2.49B	-$10.1M	9	0.53%	Reduced
22	Franklin Resources San Mateo, California	$2.15B	-$39.2M	5	1.07%	Reduced
23	Nuveen Charlotte, North Carolina	$2B	+$56M	8	0.78%	Increased
24	Charles Schwab San Francisco, California	$1.87B	-$5.65M	8	0.65%	Reduced
25	Norges Bank Oslo, Norway	$1.82B	-$75.9M	6	0.47%	Reduced