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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	+$146M	9	0.59%	Increased
2	State Street Boston, Massachusetts	$21.1B	-$36.3M	9	1.19%	Reduced
3	BlackRock New York	$19.3B	+$46.3M	9	0.57%	Increased
4	Capital International Investors Los Angeles, California	$10.1B	-$643M	3	2.61%	Reduced
5	Capital Research Global Investors Los Angeles, California	$8.03B	-$1.11B	2	2.29%	Reduced
6	Wellington Management Group Boston, Massachusetts	$7.52B	-$366M	6	1.49%	Reduced
7	JP Morgan Chase New York	$5.55B	+$561M	9	0.68%	Increased
8	Morgan Stanley New York	$5.36B	+$278M	9	0.57%	Increased
9	Bank of America Charlotte, North Carolina	$5.12B	+$206M	9	0.53%	Increased
10	Geode Capital Management Boston, Massachusetts	$4.77B	+$77.7M	9	0.62%	Increased
11	Capital World Investors Los Angeles, California	$4.75B	-$236M	3	0.98%	Reduced
12	Fidelity Investments Boston, Massachusetts	$4.5B	-$362M	9	0.41%	Reduced
13	Bank of New York Mellon New York	$3.57B	-$71.4M	9	0.78%	Reduced
14	Dodge & Cox San Francisco, California	$3.27B	-$15.7M	1	2.23%	Reduced
15	T. Rowe Price Associates Baltimore, Maryland	$3.02B	+$129M	8	0.45%	Increased
16	Massachusetts Financial Services Boston, Massachusetts	$3B	-$57.3M	4	1.03%	Reduced
17	Wells Fargo San Francisco, California	$2.63B	+$18.7M	9	0.76%	Increased
18	ClearBridge Investments New York	$2.5B	-$84.1M	4	2.39%	Reduced
19	Northern Trust Chicago, Illinois	$2.42B	+$13.8M	9	0.48%	Increased
20	Franklin Resources San Mateo, California	$2.19B	+$191M	4	1.1%	Increased
21	Ameriprise Minneapolis, Minnesota	$2.15B	-$177M	8	0.71%	Reduced
22	Invesco Atlanta, Georgia	$2.13B	-$102M	9	0.59%	Reduced
23	Norges Bank Oslo, Norway	$2.05B	+$91.8M	5	0.45%	Increased
24	Nuveen Charlotte, North Carolina	$1.8B	-$183M	8	0.67%	Reduced
25	Charles Schwab San Francisco, California	$1.78B	-$9.95M	8	0.54%	Reduced