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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	$20.9B	+$142M	9	0.61%	Increased
2	State Street Boston, Massachusetts	$19.6B	-$18.5M	9	1.24%	Reduced
3	BlackRock New York	$16.8B	+$338M	9	0.57%	Increased
4	Capital International Investors Los Angeles, California	$9.89B	+$335M	3	2.89%	Increased
5	Wellington Management Group Boston, Massachusetts	$7.55B	-$1.2B	6	1.61%	Reduced
6	Capital Research Global Investors Los Angeles, California	$7.33B	+$382M	2	2.41%	Increased
7	Bank of America Charlotte, North Carolina	$5.07B	-$244M	9	0.61%	Reduced
8	Capital World Investors Los Angeles, California	$4.84B	-$386M	3	1.09%	Reduced
9	JP Morgan Chase New York	$4.71B	-$159M	9	0.68%	Reduced
10	Fidelity Investments Boston, Massachusetts	$4.67B	-$206M	9	0.49%	Reduced
11	Morgan Stanley New York	$4.27B	-$180M	9	0.58%	Reduced
12	Geode Capital Management Boston, Massachusetts	$4.26B	+$62.5M	9	0.65%	Increased
13	Massachusetts Financial Services Boston, Massachusetts	$3.45B	-$190M	4	1.29%	Reduced
14	T. Rowe Price Associates Baltimore, Maryland	$3.23B	+$706M	7	0.53%	Increased
15	Dodge & Cox San Francisco, California	$2.83B	-$178M	1	2.15%	Reduced
16	Bank of New York Mellon New York	$2.7B	-$43.8M	9	0.65%	Reduced
17	ClearBridge Investments New York	$2.51B	-$93.7M	5	2.53%	Reduced
18	Wells Fargo San Francisco, California	$2.41B	+$8.51M	9	0.79%	Increased
19	Ameriprise Minneapolis, Minnesota	$2.24B	-$337M	8	0.83%	Reduced
20	Northern Trust Chicago, Illinois	$2.18B	-$37.7M	9	0.5%	Reduced
21	Invesco Atlanta, Georgia	$2.1B	-$347M	9	0.68%	Reduced
22	Franklin Resources San Mateo, California	$1.9B	+$25.8M	5	1.04%	Increased
23	Nuveen Charlotte, North Carolina	$1.75B	-$11.6M	8	0.71%	Reduced
24	Norges Bank Oslo, Norway	$1.61B	+$56.5M	6	0.43%	Increased
25	Charles Schwab San Francisco, California	$1.59B	-$67.9M	8	0.57%	Reduced