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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	Ameriprise Minneapolis, Minnesota	$5.93B	-$193M	57	2.66%	Reduced
27	Franklin Resources San Mateo, California	$5.88B	-$66.8M	28	3.19%	Reduced
28	Charles Schwab San Francisco, California	$5.27B	+$198M	58	3.11%	Increased
29	Legal & General Group London, United Kingdom	$5.17B	+$206M	57	2.73%	Increased
30	Norges Bank Oslo, Norway	$4.45B	+$303M	38	1.36%	Increased
31	Royal Bank of Canada Toronto, Ontario, Canada	$4.34B	+$508M	71	1.72%	Increased
32	AllianceBernstein Nashville, Tennessee	$3.83B	+$187M	57	2.38%	Increased
33	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$3.61B	+$267M	27	3.13%	Increased
34	Principal Financial Group Des Moines, Iowa	$3.46B	-$89.2M	45	3.05%	Reduced
35	ClearBridge Investments New York	$3.45B	+$1.01B	18	3.01%	Increased
36	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.35B	-$1.28B	70	2.33%	Reduced
37	Parametric Portfolio Associates Seattle, Washington	$3.16B	+$149M	53	2.55%	Increased
38	California Public Employees Retirement System Sacramento, California	$2.95B	+$494M	67	2.93%	Increased
39	Jennison Associates New York	$2.88B	-$36.6M	16	3.04%	Reduced
40	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$2.73B	-$158M	8	5.36%	Reduced
41	AQR Capital Management Greenwich, Connecticut	$2.66B	+$650K	46	3.13%	Increased
42	UBS AM Chicago, Illinois	$2.63B	-$96.1M	49	1.77%	Reduced
43	New York State Common Retirement Fund Albany, New York	$2.61B	+$42.5M	55	3.3%	Increased
44	Swiss National Bank Zurich, Switzerland	$2.51B	+$97.2M	46	2.66%	Increased
45	Citadel Advisors Miami, Florida	$2.48B	+$525M	54	1.17%	Increased
46	Victory Capital Management San Antonio, Texas	$2.34B	+$714M	71	3.01%	Increased
47	Dodge & Cox San Francisco, California	$2.33B	+$96.8M	6	1.92%	Increased
48	Boston Partners Boston, Massachusetts	$2.18B	-$517M	21	2.95%	Reduced
49	Neuberger Berman Group New York	$2.15B	+$60.1M	28	2.63%	Increased
50	Prudential Financial Newark, New Jersey	$2.1B	-$91.4M	46	3.31%	Reduced