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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
26	Norges Bank Oslo, Norway	$3.66B	-$51.9M	34	2.13%	Reduced
27	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.37B	-$137M	58	2.49%	Reduced
28	Allianz Asset Management Munich, Germany	$3.16B	-$102M	27	4.19%	Reduced
29	AllianceBernstein Nashville, Tennessee	$3.06B	+$3.41M	52	3.02%	Increased
30	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.05B	+$182M	7	4.87%	Increased
31	Dimensional Fund Advisors Austin, Texas	$3.04B	+$26.9M	64	2.63%	Increased
32	Legal & General Group London, United Kingdom	$2.93B	-$33.4M	26	3.86%	Reduced
33	Longview Asset Management (Illinois) Chicago, Illinois	$2.92B	+$61K	1	83.14%	Increased
34	OppenheimerFunds New York	$2.86B	+$1.3B	15	1.9%	Increased
35	UBS AM Chicago, Illinois	$2.62B	-$135M	44	3.24%	Reduced
36	Jennison Associates New York	$2.59B	-$101M	14	2.71%	Reduced
37	American Century Companies Kansas City, Missouri	$2.48B	-$57.7M	27	3.1%	Reduced
38	GE General Electric Evendale, Ohio	$2.4B	-$97.4M	5	12.08%	Reduced
39	Neuberger Berman Group New York	$2.33B	-$107M	23	2.59%	Reduced
40	Managed Account Advisors Jersey City, New Jersey	$2.26B	-$77M	39	3.31%	Reduced
41	Credit Suisse Zurich, Switzerland	$2.24B	-$159M	48	2.23%	Reduced
42	ClearBridge Investments New York	$2.19B	+$1.79M	20	3.06%	Increased
43	BlackRock Investment Management Wilmington, Delaware	$2.16B	+$28.9M	49	3.57%	Increased
44	Dodge & Cox San Francisco, California	$2.15B	-$63M	5	2.44%	Reduced
45	New York State Common Retirement Fund Albany, New York	$2.13B	-$86.8M	42	3.59%	Reduced
46	Institutional Capital Chicago, Illinois	$2.11B	+$338M	3	10.8%	Increased
47	Russell Frank Company Seattle, Washington	$2.11B	+$156M	53	3.7%	Increased
48	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.04B	-$13.4M	49	2.98%	Reduced
49	California Public Employees Retirement System Sacramento, California	$1.95B	-$3.78M	61	3.61%	Reduced
50	Royal Bank of Canada Toronto, Ontario, Canada	$1.95B	+$53.8M	57	1.5%	Increased