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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	$26B	+$304M	8	0.45%	Increased
2	State Street Boston, Massachusetts	$21.9B	+$160M	8	0.86%	Increased
3	BlackRock New York	$21.4B	+$326M	8	0.43%	Increased
4	Capital International Investors Los Angeles, California	$10.3B	-$791M	2	1.93%	Reduced
5	Capital Research Global Investors Los Angeles, California	$9.05B	-$453M	2	1.86%	Reduced
6	Morgan Stanley New York	$6.25B	-$559M	8	0.44%	Reduced
7	Geode Capital Management Boston, Massachusetts	$5.93B	+$142M	8	0.46%	Increased
8	Bank of America Charlotte, North Carolina	$5.29B	-$146M	8	0.44%	Reduced
9	Dodge & Cox San Francisco, California	$5.15B	+$11.2M	1	3%	Increased
10	JP Morgan Chase New York	$3.75B	-$426M	8	0.28%	Reduced
11	T. Rowe Price Associates Baltimore, Maryland	$3.35B	+$136M	7	0.39%	Increased
12	Franklin Resources San Mateo, California	$3.26B	+$117M	6	0.91%	Increased
13	Wellington Management Group Boston, Massachusetts	$3.22B	-$49.6M	3	0.59%	Reduced
14	Capital World Investors Los Angeles, California	$3.21B	-$58.1M	3	0.49%	Reduced
15	Massachusetts Financial Services Boston, Massachusetts	$3.02B	-$231M	3	0.95%	Reduced
16	Fidelity Investments Boston, Massachusetts	$2.71B	-$167M	8	0.16%	Reduced
17	Invesco Atlanta, Georgia	$2.69B	+$498M	8	0.5%	Increased
18	Northern Trust Chicago, Illinois	$2.56B	+$225M	8	0.36%	Increased
19	Wells Fargo San Francisco, California	$2.42B	-$4.04M	8	0.55%	Reduced
20	Bank of New York Mellon New York	$2.39B	-$72.2M	8	0.44%	Reduced
21	Fisher Asset Management Camas, Washington	$2.3B	+$65.2M	3	0.92%	Increased
22	Sanders Capital West Palm Beach, Florida	$2.05B	-$301M	2	3%	Reduced
23	ClearBridge Investments New York	$1.97B	+$27.9M	4	1.6%	Increased
24	Charles Schwab San Francisco, California	$1.97B	+$41.8M	8	0.36%	Increased
25	Dimensional Fund Advisors Austin, Texas	$1.93B	+$70.2M	7	0.46%	Increased