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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	$5.05B	-$49.6M	51	3.42%	Reduced
27	UBS Group Zurich, Switzerland	$4.67B	-$333M	75	2.02%	Reduced
28	Capital International Investors Los Angeles, California	$4.51B	-$856M	9	5.21%	Reduced
29	AllianceBernstein Nashville, Tennessee	$4.03B	+$104M	51	2.92%	Increased
30	Charles Schwab San Francisco, California	$4.02B	-$159M	52	3.13%	Reduced
31	Norges Bank Oslo, Norway	$3.86B	-$58.1M	36	1.4%	Reduced
32	Legal & General Group London, United Kingdom	$3.84B	-$208M	54	2.93%	Reduced
33	Royal Bank of Canada Toronto, Ontario, Canada	$3.74B	-$21.4M	63	1.68%	Reduced
34	Jennison Associates New York	$3.73B	+$84.5M	15	3.71%	Increased
35	AQR Capital Management Greenwich, Connecticut	$3.48B	-$416M	44	3.76%	Reduced
36	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.4B	+$51.1M	14	5.41%	Increased
37	Principal Financial Group Des Moines, Iowa	$3.16B	+$26.7M	44	3.02%	Increased
38	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$2.95B	+$523M	56	3.26%	Increased
39	UBS AM Chicago, Illinois	$2.94B	-$4.42M	47	2.32%	Reduced
40	Boston Partners Boston, Massachusetts	$2.93B	+$101M	21	3.53%	Increased
41	New York State Common Retirement Fund Albany, New York	$2.59B	-$31M	53	3.21%	Reduced
42	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.55B	+$34.3M	16	3.29%	Increased
43	Parametric Portfolio Associates Seattle, Washington	$2.44B	+$49M	56	2.41%	Increased
44	Teachers Advisors New York	$2.4B	+$2M	51	3.1%	Increased
45	American Century Companies Kansas City, Missouri	$2.37B	-$175M	26	2.41%	Reduced
46	Swiss National Bank Zurich, Switzerland	$2.32B	-$315M	45	2.83%	Reduced
47	PNC Financial Services Group Pittsburgh, Pennsylvania	$2.27B	-$110M	53	2.24%	Reduced
48	California Public Employees Retirement System Sacramento, California	$2.24B	-$180M	62	3.2%	Reduced
49	Citadel Advisors Miami, Florida	$2.21B	+$759M	51	1.2%	Increased
50	Bank of Montreal Toronto, Ontario, Canada	$2.19B	-$234M	55	1.96%	Reduced