← All themes

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	$3.58B	-$3.65B	38	1.94%	Reduced
27	Dimensional Fund Advisors Austin, Texas	$3.57B	+$181M	67	2.53%	Increased
28	BlackRock Advisors Wilmington, Delaware	$3.26B	-$650M	59	3.24%	Reduced
29	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.23B	-$46.9M	8	4.41%	Reduced
30	AllianceBernstein Nashville, Tennessee	$2.98B	-$444M	51	2.51%	Reduced
31	UBS AM Chicago, Illinois	$2.96B	+$105M	46	2.93%	Increased
32	Legal & General Group London, United Kingdom	$2.91B	-$172M	50	3.49%	Reduced
33	Deutsche Bank Frankfurt Am Main Ge, Germany	$2.9B	-$2.14M	58	1.8%	Reduced
34	Janus Henderson Investors US Denver, Colorado	$2.87B	-$288M	21	2.62%	Reduced
35	Allianz Asset Management Munich, Germany	$2.86B	-$28M	35	3.45%	Reduced
36	Credit Suisse Zurich, Switzerland	$2.83B	+$287M	53	2.31%	Increased
37	Managed Account Advisors Jersey City, New Jersey	$2.79B	+$273M	43	3.11%	Increased
38	American Century Companies Kansas City, Missouri	$2.64B	-$27.7M	26	3.08%	Reduced
39	GE General Electric Evendale, Ohio	$2.58B	+$56.1M	7	6.67%	Increased
40	ClearBridge Investments New York	$2.48B	+$101M	21	2.73%	Increased
41	California Public Employees Retirement System Sacramento, California	$2.46B	-$25.6M	60	3.4%	Reduced
42	UBS Zurich, Switzerland	$2.38B	+$270M	73	1.76%	Increased
43	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.33B	+$162M	55	2.74%	Increased
44	Putnam Investments Boston, Massachusetts	$2.32B	+$27.2M	20	4.92%	Increased
45	BlackRock Investment Management Wilmington, Delaware	$2.3B	-$93.1M	61	3.2%	Reduced
46	New York State Common Retirement Fund Albany, New York	$2.26B	-$48.9M	46	3.37%	Reduced
47	Royal Bank of Canada Toronto, Ontario, Canada	$2.24B	+$288M	54	1.53%	Increased
48	Charles Schwab San Francisco, California	$2.08B	+$65.5M	50	3.42%	Increased
49	Institutional Capital Chicago, Illinois	$2.03B	-$133M	3	11.87%	Reduced
50	Neuberger Berman Group New York	$2.01B	+$19.8M	25	2.06%	Increased