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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	$4.25B	-$27.4M	51	3.36%	Reduced
27	Invesco Atlanta, Georgia	$4.17B	-$50M	59	1.6%	Reduced
28	Charles Schwab San Francisco, California	$3.63B	+$135M	51	2.78%	Increased
29	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.38B	-$890M	67	2.39%	Reduced
30	AllianceBernstein Nashville, Tennessee	$3.3B	-$91M	52	2.45%	Reduced
31	Legal & General Group London, United Kingdom	$3.13B	+$144M	54	2.42%	Increased
32	Norges Bank Oslo, Norway	$2.96B	+$7.42M	37	1.1%	Increased
33	Jennison Associates New York	$2.85B	-$559M	9	3.19%	Reduced
34	Royal Bank of Canada Toronto, Ontario, Canada	$2.78B	-$225M	63	1.34%	Reduced
35	Principal Financial Group Des Moines, Iowa	$2.76B	-$77.8M	44	2.94%	Reduced
36	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.68B	+$476M	18	2.88%	Increased
37	AQR Capital Management Greenwich, Connecticut	$2.55B	-$715M	40	2.96%	Reduced
38	Boston Partners Boston, Massachusetts	$2.37B	-$188M	17	3.4%	Reduced
39	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$2.3B	-$54.9M	8	4.5%	Reduced
40	California Public Employees Retirement System Sacramento, California	$2.3B	+$331M	64	3.22%	Increased
41	Parametric Portfolio Associates Seattle, Washington	$2.23B	+$28.8M	57	2.21%	Increased
42	UBS AM Chicago, Illinois	$2.22B	-$7.13M	49	1.92%	Reduced
43	American Century Companies Kansas City, Missouri	$2.2B	-$87.6M	27	2.51%	Reduced
44	New York State Common Retirement Fund Albany, New York	$2.01B	-$77.3M	53	2.92%	Reduced
45	Swiss National Bank Zurich, Switzerland	$1.93B	-$37.9M	47	2.48%	Reduced
46	Teachers Advisors New York	$1.91B	+$14M	51	2.69%	Increased
47	Bank of Montreal Toronto, Ontario, Canada	$1.79B	-$66.1M	57	1.69%	Reduced
48	Adage Capital Partners Boston, Massachusetts	$1.73B	+$622M	19	4.81%	Increased
49	Neuberger Berman Group New York	$1.62B	+$99.1M	30	2.26%	Increased
50	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.61B	-$493M	41	2.03%	Reduced