Sam Klar, Portfolio Manager of the GMO Domestic Resilience ETF (DRES), says American reindustrialization has three major supports: bipartisan policy tailwinds, corporate America reshoring from China, and defense spending to counter a rising China. He takes a picks-and-shovels approach focused on quality and value, owning Union Pacific (UNP), Martin Marietta Materials (MLM), Jacobs Solutions (J), C.H. Robinson (CHRW), and Northrop Grumman (NOC). He sees the midterm elections as a clearing event since reindustrialization is bipartisan.