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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	$41B	+$550M	9	0.59%	Increased
2	BlackRock New York	$34B	+$1.52B	9	0.57%	Increased
3	State Street Boston, Massachusetts	$28.1B	+$117M	9	0.94%	Increased
4	Capital International Investors Los Angeles, California	$14.7B	-$1.97B	3	2.31%	Reduced
5	Capital Research Global Investors Los Angeles, California	$14.4B	-$55.5M	3	2.66%	Reduced
6	Geode Capital Management Boston, Massachusetts	$9.48B	+$174M	9	0.59%	Increased
7	Morgan Stanley New York	$9.09B	+$57.1M	9	0.54%	Increased
8	JP Morgan Chase New York	$7.76B	+$142M	9	0.49%	Increased
9	Bank of America Charlotte, North Carolina	$7.6B	-$517M	9	0.55%	Reduced
10	Dodge & Cox San Francisco, California	$7.51B	-$372M	2	4.06%	Reduced
11	Capital World Investors Los Angeles, California	$6.82B	+$443M	4	0.93%	Increased
12	Franklin Resources San Mateo, California	$4.83B	-$98M	7	1.19%	Reduced
13	Fisher Asset Management Camas, Washington	$4.1B	+$107M	3	1.4%	Increased
14	Massachusetts Financial Services Boston, Massachusetts	$3.97B	-$354M	5	1.28%	Reduced
15	Invesco Atlanta, Georgia	$3.96B	+$30.3M	9	0.37%	Increased
16	Bank of New York Mellon New York	$3.6B	+$95.3M	9	0.63%	Increased
17	Northern Trust Chicago, Illinois	$3.6B	-$86.2M	9	0.46%	Reduced
18	Norges Bank Oslo, Norway	$3.46B	+$3.3B	4	0.37%	New
19	Wells Fargo San Francisco, California	$3.28B	-$151M	9	0.6%	Reduced
20	Fidelity Investments Boston, Massachusetts	$3.18B	-$328M	9	0.16%	Reduced
21	Goldman Sachs New York	$3.17B	+$196M	9	0.39%	Increased
22	T. Rowe Price Associates Baltimore, Maryland	$3.11B	-$849M	8	0.34%	Reduced
23	Wellington Management Group Boston, Massachusetts	$3.1B	-$1.19B	5	0.54%	Reduced
24	Charles Schwab San Francisco, California	$3.03B	+$4M	9	0.47%	Increased
25	Dimensional Fund Advisors Austin, Texas	$2.87B	-$34.3M	8	0.6%	Reduced