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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	$39.5B	+$174M	9	0.59%	Increased
2	BlackRock New York	$31.8B	-$87.8M	9	0.56%	Reduced
3	State Street Boston, Massachusetts	$27.3B	-$3.56B	9	0.95%	Reduced
4	Capital International Investors Los Angeles, California	$16.3B	-$273M	3	2.64%	Reduced
5	Capital Research Global Investors Los Angeles, California	$13.3B	+$210M	3	2.49%	Increased
6	Geode Capital Management Boston, Massachusetts	$9.08B	+$144M	9	0.58%	Increased
7	Morgan Stanley New York	$8.78B	-$144M	9	0.53%	Reduced
8	Bank of America Charlotte, North Carolina	$7.95B	+$37.3M	9	0.54%	Increased
9	JP Morgan Chase New York	$7.25B	-$54.1M	9	0.43%	Reduced
10	Dodge & Cox San Francisco, California	$7.18B	-$258M	2	3.87%	Reduced
11	Capital World Investors Los Angeles, California	$6.48B	-$107M	4	0.89%	Reduced
12	Franklin Resources San Mateo, California	$4.87B	-$22.1M	7	1.21%	Reduced
13	Wellington Management Group Boston, Massachusetts	$4.47B	-$934M	5	0.78%	Reduced
14	Massachusetts Financial Services Boston, Massachusetts	$4.17B	-$38.9M	3	1.29%	Reduced
15	T. Rowe Price Associates Baltimore, Maryland	$4.09B	-$840M	8	0.44%	Reduced
16	Invesco Atlanta, Georgia	$3.88B	-$6.24M	9	0.61%	Reduced
17	Fisher Asset Management Camas, Washington	$3.65B	+$85.5M	3	1.32%	Increased
18	Northern Trust Chicago, Illinois	$3.59B	-$10.1M	9	0.46%	Reduced
19	Fidelity Investments Boston, Massachusetts	$3.55B	+$11.9M	9	0.18%	Increased
20	Bank of New York Mellon New York	$3.49B	+$66.3M	9	0.63%	Increased
21	Wells Fargo San Francisco, California	$3.38B	-$80.3M	9	0.64%	Reduced
22	Charles Schwab San Francisco, California	$2.95B	+$14.5M	9	0.47%	Increased
23	Dimensional Fund Advisors Austin, Texas	$2.92B	+$16.3M	8	0.63%	Increased
24	Goldman Sachs New York	$2.87B	+$133M	9	0.35%	Increased
25	ClearBridge Investments New York	$2.76B	-$196M	4	2.08%	Reduced