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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	$27.8B	+$456M	8	0.5%	Increased
2	State Street Boston, Massachusetts	$23.4B	-$522M	8	0.95%	Reduced
3	BlackRock New York	$22.9B	+$364M	8	0.48%	Increased
4	Capital International Investors Los Angeles, California	$11.8B	-$868M	2	2.27%	Reduced
5	Capital Research Global Investors Los Angeles, California	$9.95B	-$1.4B	2	2.07%	Reduced
6	Morgan Stanley New York	$7.34B	-$447M	8	0.53%	Reduced
7	Geode Capital Management Boston, Massachusetts	$6.26B	+$73.5M	8	0.51%	Increased
8	Bank of America Charlotte, North Carolina	$5.83B	+$650M	8	0.47%	Increased
9	Dodge & Cox San Francisco, California	$5.38B	+$13M	1	3.04%	Increased
10	JP Morgan Chase New York	$4.5B	-$596M	8	0.34%	Reduced
11	Capital World Investors Los Angeles, California	$3.68B	-$162M	2	0.57%	Reduced
12	Wellington Management Group Boston, Massachusetts	$3.65B	-$1.19B	3	0.64%	Reduced
13	T. Rowe Price Associates Baltimore, Maryland	$3.61B	+$376M	7	0.42%	Increased
14	Massachusetts Financial Services Boston, Massachusetts	$3.51B	-$320M	3	1.05%	Reduced
15	Franklin Resources San Mateo, California	$3.49B	-$135M	6	0.98%	Reduced
16	Fidelity Investments Boston, Massachusetts	$3.21B	-$87.9M	8	0.2%	Reduced
17	Bank of New York Mellon New York	$2.67B	-$54.5M	8	0.5%	Reduced
18	Wells Fargo San Francisco, California	$2.64B	-$63M	8	0.6%	Reduced
19	Northern Trust Chicago, Illinois	$2.53B	-$17.9M	8	0.41%	Reduced
20	Sanders Capital West Palm Beach, Florida	$2.53B	+$1.77M	2	3.66%	Increased
21	Ameriprise Minneapolis, Minnesota	$2.5B	+$123M	7	0.64%	Increased
22	Invesco Atlanta, Georgia	$2.39B	+$160M	8	0.46%	Increased
23	Fisher Asset Management Camas, Washington	$2.35B	+$99.9M	3	0.96%	Increased
24	ClearBridge Investments New York	$2.1B	-$131M	4	1.65%	Reduced
25	Charles Schwab San Francisco, California	$2.08B	-$20.1M	8	0.4%	Reduced