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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	$5.88B	-$128M	54	2.44%	Reduced
27	Longview Asset Management (Illinois) Chicago, Illinois	$5.76B	-$37.3M	1	93.85%	Reduced
28	Charles Schwab San Francisco, California	$5.4B	+$29.5M	57	2.9%	Increased
29	Legal & General Group London, United Kingdom	$5.39B	+$128M	57	2.57%	Increased
30	Norges Bank Oslo, Norway	$5.19B	+$343M	37	1.45%	Increased
31	Royal Bank of Canada Toronto, Ontario, Canada	$4.79B	+$420M	70	1.73%	Increased
32	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$3.78B	+$155M	27	2.97%	Increased
33	AllianceBernstein Nashville, Tennessee	$3.7B	-$159M	57	2.1%	Reduced
34	Principal Financial Group Des Moines, Iowa	$3.55B	-$60M	46	2.95%	Reduced
35	ClearBridge Investments New York	$3.36B	-$232M	19	2.78%	Reduced
36	Parametric Portfolio Associates Seattle, Washington	$3.25B	+$25M	56	2.37%	Increased
37	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.17B	-$243M	75	2.07%	Reduced
38	California Public Employees Retirement System Sacramento, California	$3.02B	+$45.4M	66	2.74%	Increased
39	Citadel Advisors Miami, Florida	$2.94B	+$364M	48	1.28%	Increased
40	AQR Capital Management Greenwich, Connecticut	$2.9B	+$88.6M	47	3.29%	Increased
41	UBS AM Chicago, Illinois	$2.69B	+$26.3M	50	1.65%	Increased
42	New York State Common Retirement Fund Albany, New York	$2.61B	-$40M	56	3.1%	Reduced
43	Dodge & Cox San Francisco, California	$2.55B	-$10.8M	6	1.95%	Reduced
44	Victory Capital Management San Antonio, Texas	$2.49B	+$68.6M	51	3.02%	Increased
45	Swiss National Bank Zurich, Switzerland	$2.47B	-$75.6M	50	2.54%	Reduced
46	Prudential Financial Newark, New Jersey	$2.35B	+$112M	45	3.47%	Increased
47	Boston Partners Boston, Massachusetts	$2.31B	-$24.6M	21	3.05%	Reduced
48	Renaissance Technologies New York	$2.22B	+$233M	66	1.71%	Increased
49	Susquehanna International Group Bala Cynwyd, Pennsylvania	$2.18B	+$1.36B	44	0.63%	Increased
50	Bank of Montreal Toronto, Ontario, Canada	$2.08B	+$127M	60	1.56%	Increased