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Defense Modernization

Defense modernization covers the rearmament and technology refresh underway as governments raise military budgets and restock depleted inventories. Contracts are long, funded, and relatively insensitive to the economic cycle.

163 stocks

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
1	BlackRock New York	$206B	+$11.7B	117	3.06%	Increased
2	Vanguard Capital Management Malvern, Pennsylvania	$142B	+$6.32B	112	3.04%	Increased
3	State Street Boston, Massachusetts	$128B	+$4.72B	110	3.77%	Increased
4	Fidelity Investments Boston, Massachusetts	$111B	+$49.9B	102	4.82%	Increased
5	Alphabet Inc Mountain View, California	$95.3B	+$93.6B	2	96.23%	Increased
6	Valor Management Chicago, Illinois	$86B	+$85.5B	1	99.79%	New
7	Vanguard Portfolio Management Malvern, Pennsylvania	$64B	+$2.75B	89	2.88%	Increased
8	Geode Capital Management Boston, Massachusetts	$55.7B	+$2.18B	114	2.97%	Increased
9	VY Capital Management Company Dubai, United Arab Emirates	$46.4B	+$46.2B	1	98.91%	New
10	Morgan Stanley New York	$42.8B	+$2.86B	120	2.26%	Increased
11	Invesco Atlanta, Georgia	$39.9B	+$3.04B	86	3.16%	Increased
12	JP Morgan Chase New York	$35B	+$4.4B	106	1.94%	Increased
13	Capital Research Global Investors Los Angeles, California	$34.4B	+$1.2B	21	4.8%	Increased
14	Capital World Investors Los Angeles, California	$30.5B	-$1.44B	23	3.61%	Reduced
15	Bank of America Charlotte, North Carolina	$29.9B	-$409M	95	1.93%	Reduced
16	Gigafund Management Company Austin, Texas	$29.4B	+$29.2B	1	99.76%	New
17	T. Rowe Price Associates Baltimore, Maryland	$26.5B	+$1.05B	85	2.65%	Increased
18	Public Investment Fund Al Aqiq District, Riyadh, Saudi Arabia	$26.3B	+$26.2B	1	69.48%	New
19	BAMCO Inc New York	$25.7B	+$24.9B	14	38.59%	Increased
20	Capital International Investors Los Angeles, California	$23.5B	-$2.2B	18	4.86%	Reduced
21	Goldman Sachs New York	$22.3B	+$3.57B	101	1.93%	Increased
22	Norges Bank Oslo, Norway	$21.7B	+$20.9B	45	2.16%	New
23	D1 Capital Partners New York	$21.5B	+$21.4B	1	61.91%	New
24	Charles Schwab San Francisco, California	$21.1B	+$1.03B	91	2.81%	Increased
25	Nvidia Corp Santa Clara, California	$21B	+$20.9B	1	33.06%	New