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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	$3.97B	+$46.8M	51	3.11%	Increased
27	Dimensional Fund Advisors Austin, Texas	$3.92B	-$153M	64	2.57%	Reduced
28	Norges Bank Oslo, Norway	$3.63B	+$46.2M	38	1.9%	Increased
29	AllianceBernstein Nashville, Tennessee	$3.41B	+$209M	44	2.93%	Increased
30	Boston Partners Boston, Massachusetts	$3.19B	+$326M	22	4.86%	Increased
31	Janus Henderson Investors US Denver, Colorado	$2.91B	-$66.5M	24	2.61%	Reduced
32	Deutsche Bank Frankfurt Am Main Ge, Germany	$2.91B	-$185M	58	2.25%	Reduced
33	BlackRock Advisors Wilmington, Delaware	$2.9B	+$92.8M	59	3.11%	Increased
34	Legal & General Group London, United Kingdom	$2.85B	+$66.2M	51	3.47%	Increased
35	Capital International Investors Los Angeles, California	$2.6B	+$108M	8	4.71%	Increased
36	GE General Electric Evendale, Ohio	$2.59B	-$80.2M	6	6.16%	Reduced
37	UBS Group Zurich, Switzerland	$2.53B	+$62.3M	72	1.79%	Increased
38	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.45B	+$51.4M	54	2.92%	Increased
39	UBS AM Chicago, Illinois	$2.33B	-$193M	45	2.57%	Reduced
40	BlackRock Investment Management Wilmington, Delaware	$2.31B	-$49.9M	63	3.12%	Reduced
41	Charles Schwab San Francisco, California	$2.3B	+$6.9M	52	3.39%	Increased
42	Trian Fund Management New York	$2.28B	+$1.05B	1	19.5%	Increased
43	Royal Bank of Canada Toronto, Ontario, Canada	$2.28B	-$63.5M	61	1.7%	Reduced
44	Putnam Investments Boston, Massachusetts	$2.2B	-$230M	25	4.92%	Reduced
45	ClearBridge Investments New York	$2.15B	+$44.7M	18	2.58%	Increased
46	California Public Employees Retirement System Sacramento, California	$2.1B	-$58.9M	62	3.57%	Reduced
47	New York State Common Retirement Fund Albany, New York	$2.1B	-$4.1M	52	3.33%	Reduced
48	OppenheimerFunds New York	$1.93B	+$1.88B	17	2.6%	Increased
49	Credit Suisse Zurich, Switzerland	$1.92B	-$357M	52	2.3%	Reduced
50	American Century Companies Kansas City, Missouri	$1.89B	-$110M	28	2.31%	Reduced