← All themes

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	$4.74B	+$60.6M	35	1.8%	Increased
27	Capital International Investors Los Angeles, California	$4.66B	+$279M	9	5.58%	Increased
28	UBS Group Zurich, Switzerland	$4.5B	+$433M	73	2.08%	Increased
29	Legal & General Group London, United Kingdom	$4.14B	+$31.7M	53	3.11%	Increased
30	AllianceBernstein Nashville, Tennessee	$4.12B	-$306M	51	3.08%	Reduced
31	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$4.01B	+$828M	15	6.04%	Increased
32	Charles Schwab San Francisco, California	$3.95B	+$96M	52	3.45%	Increased
33	Royal Bank of Canada Toronto, Ontario, Canada	$3.75B	-$63M	67	1.8%	Reduced
34	AQR Capital Management Greenwich, Connecticut	$3.37B	+$7.63M	46	4.02%	Increased
35	Jennison Associates New York	$3.18B	+$142M	15	3.26%	Increased
36	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.14B	-$204M	67	2.15%	Reduced
37	Boston Partners Boston, Massachusetts	$2.99B	-$150M	22	3.69%	Reduced
38	Principal Financial Group Des Moines, Iowa	$2.96B	-$119M	46	2.87%	Reduced
39	UBS AM Chicago, Illinois	$2.96B	+$144M	45	2.69%	Increased
40	Swiss National Bank Zurich, Switzerland	$2.69B	+$11.7M	44	3.07%	Increased
41	Harris Associates Chicago, Illinois	$2.68B	+$739M	3	4.53%	Increased
42	New York State Common Retirement Fund Albany, New York	$2.61B	+$9.47M	53	3.34%	Increased
43	American Century Companies Kansas City, Missouri	$2.59B	-$122M	28	2.62%	Reduced
44	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.47B	-$34M	16	3.49%	Reduced
45	Teachers Advisors New York	$2.46B	+$142M	51	3.33%	Increased
46	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.44B	-$63.5M	52	2.54%	Reduced
47	California Public Employees Retirement System Sacramento, California	$2.37B	+$73.8M	62	3.52%	Increased
48	Prudential Financial Newark, New Jersey	$2.29B	+$38.7M	46	3.29%	Increased
49	Parametric Portfolio Associates Seattle, Washington	$2.25B	+$67.2M	54	2.45%	Increased
50	Bank of Montreal Toronto, Ontario, Canada	$2.04B	-$21.1M	53	1.87%	Reduced