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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	Dimensional Fund Advisors Austin, Texas	$3.91B	+$194M	67	2.56%	Increased
27	Norges Bank Oslo, Norway	$3.83B	+$137M	38	1.95%	Increased
28	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.48B	+$31.7M	8	4.65%	Increased
29	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.36B	+$313M	64	2.08%	Increased
30	BlackRock Advisors Wilmington, Delaware	$3.28B	-$154M	59	3.3%	Reduced
31	AllianceBernstein Nashville, Tennessee	$3.27B	+$132M	51	2.72%	Increased
32	Managed Account Advisors Jersey City, New Jersey	$3.17B	+$205M	41	3.13%	Increased
33	Legal & General Group London, United Kingdom	$2.94B	-$83.7M	51	3.45%	Reduced
34	UBS AM Chicago, Illinois	$2.91B	-$148M	46	2.77%	Reduced
35	American Century Companies Kansas City, Missouri	$2.81B	+$25.9M	27	3.17%	Increased
36	Janus Henderson Investors US Denver, Colorado	$2.73B	-$306M	20	2.34%	Reduced
37	GE General Electric Evendale, Ohio	$2.71B	+$119M	8	6.35%	Increased
38	UBS Group Zurich, Switzerland	$2.67B	+$2.62B	72	1.87%	New
39	Credit Suisse Zurich, Switzerland	$2.67B	-$236M	55	2.38%	Reduced
40	ClearBridge Investments New York	$2.56B	+$64.9M	20	2.7%	Increased
41	Royal Bank of Canada Toronto, Ontario, Canada	$2.54B	+$214M	58	1.65%	Increased
42	California Public Employees Retirement System Sacramento, California	$2.53B	-$21.8M	63	3.49%	Reduced
43	Allianz Asset Management Munich, Germany	$2.53B	-$453M	35	2.81%	Reduced
44	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.37B	-$18.4M	57	2.61%	Reduced
45	Putnam Investments Boston, Massachusetts	$2.35B	-$170M	19	4.82%	Reduced
46	BlackRock Investment Management Wilmington, Delaware	$2.35B	-$55.7M	61	3.11%	Reduced
47	Charles Schwab San Francisco, California	$2.28B	+$103M	49	3.42%	Increased
48	New York State Common Retirement Fund Albany, New York	$2.26B	-$82.1M	45	3.35%	Reduced
49	Fisher Asset Management Camas, Washington	$2.01B	-$14.3M	13	4.16%	Reduced
50	Boston Partners Boston, Massachusetts	$2.01B	+$191M	18	3.01%	Increased