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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	$29.1B	+$475M	8	0.53%	Increased
2	State Street Boston, Massachusetts	$24.2B	-$114M	8	1%	Reduced
3	BlackRock New York	$23.7B	+$253M	8	0.5%	Increased
4	Capital International Investors Los Angeles, California	$11.7B	+$186M	2	2.31%	Increased
5	Capital Research Global Investors Los Angeles, California	$10.6B	+$261M	2	2.3%	Increased
6	Morgan Stanley New York	$6.73B	-$194M	8	0.48%	Reduced
7	Geode Capital Management Boston, Massachusetts	$6.66B	+$130M	8	0.52%	Increased
8	Bank of America Charlotte, North Carolina	$6.29B	+$397M	8	0.51%	Increased
9	Dodge & Cox San Francisco, California	$5.61B	-$271M	1	3.2%	Reduced
10	JP Morgan Chase New York	$4.81B	+$614M	8	0.35%	Increased
11	Capital World Investors Los Angeles, California	$4.24B	+$908M	3	0.69%	Increased
12	Wellington Management Group Boston, Massachusetts	$4.02B	+$546M	3	0.77%	Increased
13	T. Rowe Price Associates Baltimore, Maryland	$3.61B	+$137M	7	0.45%	Increased
14	Franklin Resources San Mateo, California	$3.54B	-$118M	7	1.02%	Reduced
15	Massachusetts Financial Services Boston, Massachusetts	$3.21B	-$147M	3	1.07%	Reduced
16	Invesco Atlanta, Georgia	$3.13B	+$143M	8	0.59%	Increased
17	Northern Trust Chicago, Illinois	$2.79B	-$36.2M	8	0.41%	Reduced
18	Fidelity Investments Boston, Massachusetts	$2.74B	-$164M	8	0.17%	Reduced
19	Fisher Asset Management Camas, Washington	$2.72B	+$85.3M	3	1.18%	Increased
20	Wells Fargo San Francisco, California	$2.54B	-$55.5M	8	0.58%	Reduced
21	Bank of New York Mellon New York	$2.33B	-$251M	8	0.46%	Reduced
22	Sanders Capital West Palm Beach, Florida	$2.28B	-$10.6M	2	3.41%	Reduced
23	ClearBridge Investments New York	$2.2B	+$37M	4	1.93%	Increased
24	Charles Schwab San Francisco, California	$2.2B	+$27.5M	8	0.41%	Increased
25	Norges Bank Oslo, Norway	$2.17B	+$86M	5	0.31%	Increased