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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	Norges Bank Oslo, Norway	$4.78B	+$20.9M	35	1.9%	Increased
27	AllianceBernstein Nashville, Tennessee	$4.1B	-$138M	52	3.17%	Reduced
28	Capital International Investors Los Angeles, California	$3.94B	+$8.17M	9	5.26%	Increased
29	Legal & General Group London, United Kingdom	$3.94B	+$39.3M	53	3.18%	Increased
30	UBS Group Zurich, Switzerland	$3.92B	-$8.67M	71	2.03%	Reduced
31	Royal Bank of Canada Toronto, Ontario, Canada	$3.69B	-$73.2M	62	1.91%	Reduced
32	Charles Schwab San Francisco, California	$3.6B	+$158M	52	3.38%	Increased
33	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.23B	-$479M	14	4.9%	Reduced
34	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.17B	-$518M	68	2.26%	Reduced
35	Boston Partners Boston, Massachusetts	$2.96B	-$79.6M	23	3.77%	Reduced
36	AQR Capital Management Greenwich, Connecticut	$2.94B	-$187M	46	3.89%	Reduced
37	Principal Financial Group Des Moines, Iowa	$2.93B	+$359M	47	2.94%	Increased
38	UBS AM Chicago, Illinois	$2.69B	-$91.6M	44	2.61%	Reduced
39	Jennison Associates New York	$2.64B	+$61.7M	14	2.8%	Increased
40	Swiss National Bank Zurich, Switzerland	$2.58B	+$82.3M	44	3.06%	Increased
41	American Century Companies Kansas City, Missouri	$2.49B	+$217M	28	2.58%	Increased
42	New York State Common Retirement Fund Albany, New York	$2.47B	-$60.3M	53	3.26%	Reduced
43	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.46B	-$33.7M	52	2.65%	Reduced
44	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.39B	+$49.2M	16	3.5%	Increased
45	Teachers Advisors New York	$2.2B	+$126M	51	3.08%	Increased
46	California Public Employees Retirement System Sacramento, California	$2.19B	-$3.53M	62	3.5%	Reduced
47	Prudential Financial Newark, New Jersey	$2.11B	-$18.4M	46	3.13%	Reduced
48	Harris Associates Chicago, Illinois	$2.08B	+$291M	3	3.74%	Increased
49	Parametric Portfolio Associates Seattle, Washington	$2.07B	+$298M	54	2.48%	Increased
50	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$2.02B	+$3.6M	61	2.47%	Increased