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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	$4.19B	+$27.1M	52	2.98%	Increased
27	Managed Account Advisors Jersey City, New Jersey	$4.03B	+$254M	41	3.32%	Increased
28	Norges Bank Oslo, Norway	$4.01B	-$85M	37	2%	Reduced
29	AllianceBernstein Nashville, Tennessee	$3.41B	+$3.18M	46	2.82%	Increased
30	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.39B	-$486M	63	2.16%	Reduced
31	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.29B	+$25.6M	11	4.48%	Increased
32	Boston Partners Boston, Massachusetts	$3.1B	+$220M	21	4.46%	Increased
33	Janus Henderson Investors US Denver, Colorado	$3.1B	+$416M	21	2.55%	Increased
34	Legal & General Group London, United Kingdom	$2.96B	+$46.1M	50	3.48%	Increased
35	BlackRock Advisors Wilmington, Delaware	$2.96B	-$460M	59	3.08%	Reduced
36	GE General Electric Evendale, Ohio	$2.83B	-$31.1M	7	6.32%	Reduced
37	UBS Group Zurich, Switzerland	$2.72B	-$11.6M	73	1.81%	Reduced
38	UBS AM Chicago, Illinois	$2.69B	-$105M	46	2.57%	Reduced
39	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.57B	+$109M	56	2.87%	Increased
40	Capital International Investors Los Angeles, California	$2.53B	+$498M	8	4.29%	Increased
41	BlackRock Investment Management Wilmington, Delaware	$2.52B	+$22.6M	62	3.13%	Increased
42	Royal Bank of Canada Toronto, Ontario, Canada	$2.51B	+$19.8M	63	1.74%	Increased
43	Putnam Investments Boston, Massachusetts	$2.49B	-$26.6M	26	4.99%	Reduced
44	Charles Schwab San Francisco, California	$2.47B	+$68M	52	3.41%	Increased
45	Credit Suisse Zurich, Switzerland	$2.42B	-$127M	53	2.36%	Reduced
46	ClearBridge Investments New York	$2.36B	-$110M	20	2.5%	Reduced
47	California Public Employees Retirement System Sacramento, California	$2.31B	-$301M	62	3.47%	Reduced
48	New York State Common Retirement Fund Albany, New York	$2.26B	-$31.9M	53	3.3%	Reduced
49	American Century Companies Kansas City, Missouri	$2.14B	-$357M	28	2.41%	Reduced
50	Fisher Asset Management Camas, Washington	$2.06B	+$46.9M	13	4%	Increased