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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	Invesco Atlanta, Georgia	$4.81B	-$56M	56	1.62%	Reduced
27	Legal & General Group London, United Kingdom	$4.59B	+$821M	54	2.62%	Increased
28	Charles Schwab San Francisco, California	$4.51B	+$174M	55	2.89%	Increased
29	TIAA CREF Investment Management New York	$4.44B	-$579M	51	3.14%	Reduced
30	Deutsche Bank Frankfurt Am Main Ge, Germany	$4.22B	+$175M	65	2.51%	Increased
31	Norges Bank Oslo, Norway	$3.73B	+$73.4M	38	1.2%	Increased
32	AllianceBernstein Nashville, Tennessee	$3.37B	-$530M	52	2.19%	Reduced
33	Principal Financial Group Des Moines, Iowa	$3.34B	-$63.3M	45	3.11%	Reduced
34	Royal Bank of Canada Toronto, Ontario, Canada	$3.29B	-$958K	67	1.4%	Reduced
35	Jennison Associates New York	$3.24B	-$135M	10	3.22%	Reduced
36	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$3.24B	+$4.81M	20	2.99%	Increased
37	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$3.01B	+$150M	9	5.42%	Increased
38	UBS AM Chicago, Illinois	$2.82B	+$141M	48	2.09%	Increased
39	Parametric Portfolio Associates Seattle, Washington	$2.76B	+$101M	56	2.38%	Increased
40	Boston Partners Boston, Massachusetts	$2.57B	-$242M	18	3.41%	Reduced
41	ClearBridge Investments New York	$2.41B	+$496M	18	2.13%	Increased
42	Swiss National Bank Zurich, Switzerland	$2.37B	+$41.1M	47	2.6%	Increased
43	AQR Capital Management Greenwich, Connecticut	$2.35B	-$579M	46	2.49%	Reduced
44	New York State Common Retirement Fund Albany, New York	$2.34B	-$60.6M	53	3%	Reduced
45	Teachers Advisors New York	$2.24B	-$31.2M	51	2.75%	Reduced
46	California Public Employees Retirement System Sacramento, California	$2.22B	-$486M	65	2.74%	Reduced
47	American Century Companies Kansas City, Missouri	$2.08B	-$546M	23	2.11%	Reduced
48	Dodge & Cox San Francisco, California	$1.99B	+$366M	6	1.63%	Increased
49	Neuberger Berman Group New York	$1.93B	+$39.8M	26	2.37%	Increased
50	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.88B	-$93.4M	42	2.04%	Reduced