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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	$4.63B	-$137M	52	3.55%	Reduced
27	Dimensional Fund Advisors Austin, Texas	$4.53B	-$138M	65	2.6%	Reduced
28	Norges Bank Oslo, Norway	$4.32B	+$21.7M	39	2.05%	Increased
29	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$4.18B	-$359M	18	6.37%	Reduced
30	AllianceBernstein Nashville, Tennessee	$4.17B	+$34.6M	46	3.59%	Increased
31	UBS Group Zurich, Switzerland	$3.7B	+$140M	72	2.32%	Increased
32	Capital International Investors Los Angeles, California	$3.64B	-$33.9M	8	5.33%	Reduced
33	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.59B	-$213M	67	2.53%	Reduced
34	Legal & General Group London, United Kingdom	$3.46B	+$94.8M	51	3.65%	Increased
35	Boston Partners Boston, Massachusetts	$3.43B	+$261M	24	4.96%	Increased
36	BlackRock Advisors Wilmington, Delaware	$3.24B	-$253M	62	3.29%	Reduced
37	Royal Bank of Canada Toronto, Ontario, Canada	$3.03B	-$163M	59	1.8%	Reduced
38	Charles Schwab San Francisco, California	$2.82B	+$82.8M	53	3.53%	Increased
39	BlackRock Investment Management Wilmington, Delaware	$2.7B	-$66.3M	64	3.42%	Reduced
40	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.68B	-$113M	52	3.14%	Reduced
41	UBS AM Chicago, Illinois	$2.65B	+$128M	48	2.99%	Increased
42	Trian Fund Management New York	$2.35B	+$15.9M	1	22.42%	Increased
43	New York State Common Retirement Fund Albany, New York	$2.33B	-$1.1M	53	3.4%	Reduced
44	OppenheimerFunds New York	$2.27B	+$11.2M	40	2.97%	Increased
45	California Public Employees Retirement System Sacramento, California	$2.25B	-$91.8M	62	3.64%	Reduced
46	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.21B	+$7.58M	14	3.8%	Increased
47	ClearBridge Investments New York	$2.2B	-$66M	15	2.6%	Reduced
48	Principal Financial Group Des Moines, Iowa	$2.13B	+$95.5M	45	2.98%	Increased
49	Fisher Asset Management Camas, Washington	$2.1B	-$102M	13	3.9%	Reduced
50	Jennison Associates New York	$2.01B	+$4.26M	12	2.21%	Increased