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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	TIAA CREF Investment Management New York	$4.21B	+$6.73M	50	2.93%	Increased
27	Norges Bank Oslo, Norway	$4.04B	+$171M	38	1.98%	Increased
28	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.88B	+$441M	61	2.42%	Increased
29	Managed Account Advisors Jersey City, New Jersey	$3.87B	+$546M	40	3.4%	Increased
30	AllianceBernstein Nashville, Tennessee	$3.49B	+$30.2M	51	2.83%	Increased
31	BlackRock Advisors Wilmington, Delaware	$3.42B	+$64.1M	59	3.5%	Increased
32	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.23B	-$245M	12	4.38%	Reduced
33	Boston Partners Boston, Massachusetts	$3.03B	+$945M	21	4.51%	Increased
34	Legal & General Group London, United Kingdom	$2.93B	-$87M	50	3.5%	Reduced
35	UBS AM Chicago, Illinois	$2.79B	-$203M	47	2.69%	Reduced
36	UBS Group Zurich, Switzerland	$2.78B	-$4.49M	74	1.92%	Reduced
37	Janus Henderson Investors US Denver, Colorado	$2.77B	-$144M	22	2.28%	Reduced
38	GE General Electric Evendale, Ohio	$2.74B	-$3.65M	8	6.37%	Reduced
39	American Century Companies Kansas City, Missouri	$2.58B	-$360M	29	2.88%	Reduced
40	California Public Employees Retirement System Sacramento, California	$2.53B	+$3.29M	63	3.49%	Increased
41	Putnam Investments Boston, Massachusetts	$2.52B	+$91.7M	24	5.02%	Increased
42	BlackRock Investment Management Wilmington, Delaware	$2.52B	+$98.7M	62	3.3%	Increased
43	Credit Suisse Zurich, Switzerland	$2.52B	-$221M	49	2.54%	Reduced
44	Royal Bank of Canada Toronto, Ontario, Canada	$2.51B	-$61.2M	58	1.75%	Reduced
45	ClearBridge Investments New York	$2.49B	-$82.3M	19	2.59%	Reduced
46	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.45B	+$28.3M	57	2.69%	Increased
47	Charles Schwab San Francisco, California	$2.43B	+$70.6M	49	3.42%	Increased
48	New York State Common Retirement Fund Albany, New York	$2.31B	-$27.8M	45	3.37%	Reduced
49	Allianz Asset Management Munich, Germany	$2.18B	-$454M	30	2.49%	Reduced
50	Capital International Investors Los Angeles, California	$2.16B	+$141M	8	3.93%	Increased