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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	$23.1B	-$87.5M	9	0.55%	Reduced
2	State Street Boston, Massachusetts	$21B	-$40.8M	9	1.1%	Reduced
3	BlackRock New York	$19.7B	+$550M	9	0.54%	Increased
4	Capital International Investors Los Angeles, California	$10.2B	+$117M	4	2.46%	Increased
5	Capital Research Global Investors Los Angeles, California	$7.27B	-$760M	2	1.95%	Reduced
6	Wellington Management Group Boston, Massachusetts	$7.18B	-$303M	6	1.36%	Reduced
7	JP Morgan Chase New York	$5.89B	+$350M	9	0.64%	Increased
8	Morgan Stanley New York	$5.51B	+$173M	9	0.54%	Increased
9	Bank of America Charlotte, North Carolina	$5.24B	+$107M	9	0.55%	Increased
10	Geode Capital Management Boston, Massachusetts	$4.86B	+$111M	9	0.57%	Increased
11	Fidelity Investments Boston, Massachusetts	$4.43B	-$5.53M	9	0.37%	Reduced
12	Capital World Investors Los Angeles, California	$4.36B	-$357M	3	0.84%	Reduced
13	T. Rowe Price Associates Baltimore, Maryland	$3.24B	+$236M	8	0.45%	Increased
14	Dodge & Cox San Francisco, California	$3.2B	-$71.1M	1	2.14%	Reduced
15	Massachusetts Financial Services Boston, Massachusetts	$2.84B	-$134M	4	0.93%	Reduced
16	Wells Fargo San Francisco, California	$2.6B	-$23.1M	9	0.72%	Reduced
17	Bank of New York Mellon New York	$2.57B	-$83.6M	9	0.54%	Reduced
18	ClearBridge Investments New York	$2.47B	-$26.4M	4	2.23%	Reduced
19	Northern Trust Chicago, Illinois	$2.3B	-$112M	9	0.44%	Reduced
20	Franklin Resources San Mateo, California	$1.99B	-$196M	7	0.94%	Reduced
21	Ameriprise Minneapolis, Minnesota	$1.98B	-$162M	8	0.62%	Reduced
22	Invesco Atlanta, Georgia	$1.96B	-$177M	9	0.51%	Reduced
23	Norges Bank Oslo, Norway	$1.92B	-$127M	6	0.38%	Reduced
24	Sanders Capital West Palm Beach, Florida	$1.81B	+$76M	2	3.79%	Increased
25	Nuveen Charlotte, North Carolina	$1.78B	-$14.6M	8	0.62%	Reduced