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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	$3.88B	-$257M	36	2.24%	Reduced
27	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.41B	+$85.4M	7	4.94%	Increased
28	Legal & General Group London, United Kingdom	$3.34B	-$2.3M	28	4.05%	Reduced
29	AllianceBernstein Nashville, Tennessee	$3.34B	-$165M	54	2.98%	Reduced
30	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.33B	-$482M	59	2.39%	Reduced
31	Allianz Asset Management Munich, Germany	$3.29B	-$352M	30	4.19%	Reduced
32	Dimensional Fund Advisors Austin, Texas	$3.19B	-$271M	65	2.49%	Reduced
33	Longview Asset Management (Illinois) Chicago, Illinois	$3.19B	+$1.44M	1	84.4%	Increased
34	UBS AM Chicago, Illinois	$2.86B	-$111M	45	3.27%	Reduced
35	Credit Suisse Zurich, Switzerland	$2.78B	+$202M	52	2.52%	Increased
36	Jennison Associates New York	$2.67B	-$240M	13	2.62%	Reduced
37	GE General Electric Evendale, Ohio	$2.66B	-$125M	6	12.52%	Reduced
38	American Century Companies Kansas City, Missouri	$2.6B	-$204M	29	3.06%	Reduced
39	California Public Employees Retirement System Sacramento, California	$2.6B	+$362M	63	3.76%	Increased
40	ClearBridge Investments New York	$2.55B	+$79.9M	19	3.18%	Increased
41	BlackRock Investment Management Wilmington, Delaware	$2.5B	+$45.4M	49	3.71%	Increased
42	Managed Account Advisors Jersey City, New Jersey	$2.49B	-$75.1M	42	3.34%	Reduced
43	Neuberger Berman Group New York	$2.45B	-$216M	27	2.52%	Reduced
44	Dodge & Cox San Francisco, California	$2.44B	-$75.2M	4	2.55%	Reduced
45	Janus Henderson Investors US Denver, Colorado	$2.44B	+$306M	20	2.3%	Increased
46	Institutional Capital Chicago, Illinois	$2.41B	-$20.1M	3	11.64%	Reduced
47	New York State Common Retirement Fund Albany, New York	$2.38B	-$50.3M	43	3.73%	Reduced
48	Royal Bank of Canada Toronto, Ontario, Canada	$2.34B	+$123M	56	1.66%	Increased
49	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.32B	-$7.1M	48	3.07%	Reduced
50	Russell Frank Company Seattle, Washington	$2.04B	-$254M	51	3.75%	Reduced