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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	$5.34B	-$260M	51	3.49%	Reduced
27	UBS Group Zurich, Switzerland	$5.32B	+$285M	78	2.11%	Increased
28	Deutsche Bank Frankfurt Am Main Ge, Germany	$5.24B	+$58.1M	68	2.65%	Increased
29	Charles Schwab San Francisco, California	$4.48B	+$95.5M	51	2.98%	Increased
30	AllianceBernstein Nashville, Tennessee	$4.16B	-$311M	53	2.72%	Reduced
31	AQR Capital Management Greenwich, Connecticut	$4B	-$311M	40	3.82%	Reduced
32	Jennison Associates New York	$3.96B	-$45.7M	12	3.64%	Reduced
33	Norges Bank Oslo, Norway	$3.83B	-$108M	37	1.24%	Reduced
34	Legal & General Group London, United Kingdom	$3.83B	+$30.1M	53	2.74%	Increased
35	Royal Bank of Canada Toronto, Ontario, Canada	$3.79B	-$23.4M	69	1.58%	Reduced
36	Principal Financial Group Des Moines, Iowa	$3.4B	-$23.5M	45	3%	Reduced
37	Boston Partners Boston, Massachusetts	$3.24B	-$151M	19	3.77%	Reduced
38	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.2B	+$75.7M	12	5.08%	Increased
39	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.9B	+$14.1M	18	3.12%	Increased
40	UBS AM Chicago, Illinois	$2.81B	-$48.1M	48	2.09%	Reduced
41	American Century Companies Kansas City, Missouri	$2.79B	+$115M	26	2.72%	Increased
42	Parametric Portfolio Associates Seattle, Washington	$2.77B	+$96.3M	57	2.42%	Increased
43	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$2.71B	-$116M	45	2.86%	Reduced
44	New York State Common Retirement Fund Albany, New York	$2.62B	-$48.5M	55	3.11%	Reduced
45	California Public Employees Retirement System Sacramento, California	$2.56B	+$78.2M	63	3.3%	Increased
46	Viking Global Investors Stamford, Connecticut	$2.5B	+$263M	3	13.86%	Increased
47	Swiss National Bank Zurich, Switzerland	$2.43B	-$86.1M	45	2.71%	Reduced
48	Teachers Advisors New York	$2.39B	-$128M	50	2.88%	Reduced
49	ClearBridge Investments New York	$2.34B	+$80.9M	19	2.02%	Increased
50	Bank of Montreal Toronto, Ontario, Canada	$2.32B	+$41.5M	57	1.82%	Increased