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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	$4.59B	-$36.5M	65	2.48%	Reduced
27	TIAA CREF Investment Management New York	$4.51B	-$71M	52	2.82%	Reduced
28	AllianceBernstein Nashville, Tennessee	$4.18B	-$25.1M	48	3.53%	Reduced
29	Norges Bank Oslo, Norway	$4.03B	-$17.6M	39	1.91%	Reduced
30	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.93B	-$344M	17	5.98%	Reduced
31	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.87B	+$300M	71	2.73%	Increased
32	Boston Partners Boston, Massachusetts	$3.57B	+$40.7M	25	5%	Increased
33	Capital International Investors Los Angeles, California	$3.54B	-$54.3M	8	5.14%	Reduced
34	Legal & General Group London, United Kingdom	$3.37B	-$44.1M	52	3.42%	Reduced
35	UBS Group Zurich, Switzerland	$3.32B	-$313M	71	1.98%	Reduced
36	Royal Bank of Canada Toronto, Ontario, Canada	$2.99B	-$28.9M	58	1.68%	Reduced
37	Charles Schwab San Francisco, California	$2.84B	+$28.7M	53	3.34%	Increased
38	BlackRock Advisors Wilmington, Delaware	$2.76B	-$421M	61	2.84%	Reduced
39	UBS AM Chicago, Illinois	$2.64B	+$888K	47	2.84%	Increased
40	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.57B	-$58.6M	47	2.99%	Reduced
41	BlackRock Investment Management Wilmington, Delaware	$2.54B	-$126M	63	3.12%	Reduced
42	New York State Common Retirement Fund Albany, New York	$2.29B	-$26.8M	53	3.3%	Reduced
43	Principal Financial Group Des Moines, Iowa	$2.28B	+$87.5M	45	2.99%	Increased
44	Credit Suisse Zurich, Switzerland	$2.25B	+$308M	54	2.13%	Increased
45	ClearBridge Investments New York	$2.19B	+$14M	16	2.47%	Increased
46	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.16B	-$22M	14	3.54%	Reduced
47	Trian Fund Management New York	$2.15B	-$66.7M	1	21.02%	Reduced
48	OppenheimerFunds New York	$2.14B	-$31.9M	42	2.69%	Reduced
49	California Public Employees Retirement System Sacramento, California	$2.12B	-$118M	62	3.48%	Reduced
50	AQR Capital Management Greenwich, Connecticut	$2.05B	+$320M	45	3.14%	Increased