← All themes

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	Legal & General Group London, United Kingdom	$5.37B	+$125M	64	1.9%	Increased
27	Dodge & Cox San Francisco, California	$5.36B	+$1.28B	5	3.71%	Increased
28	Royal Bank of Canada Toronto, Ontario, Canada	$5.04B	-$35M	81	1.48%	Reduced
29	Norges Bank Oslo, Norway	$4.52B	-$564M	41	1.17%	Reduced
30	Goldman Sachs New York	$4.26B	-$144M	74	1.06%	Reduced
31	Principal Financial Group Des Moines, Iowa	$4.16B	+$162M	51	3.08%	Increased
32	UBS Group Zurich, Switzerland	$3.98B	+$209M	94	1.63%	Increased
33	AllianceBernstein Nashville, Tennessee	$3.81B	+$66.8M	54	1.74%	Increased
34	ClearBridge Investments New York	$3.6B	-$65.2M	17	3.35%	Reduced
35	Aristotle Capital Management Los Angeles, California	$3.5B	-$169M	4	7.38%	Reduced
36	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$3.1B	+$308M	26	2.38%	Increased
37	Boston Partners Boston, Massachusetts	$3.03B	-$184M	20	4.23%	Reduced
38	Victory Capital Management San Antonio, Texas	$2.96B	+$138M	59	3.37%	Increased
39	Swiss National Bank Zurich, Switzerland	$2.86B	+$4.34M	58	1.94%	Increased
40	Janus Henderson Group London,	$2.82B	-$448M	49	1.94%	Reduced
41	American Century Companies Kansas City, Missouri	$2.81B	+$793M	42	2.3%	Increased
42	UBS AM Chicago, Illinois	$2.65B	-$75.2M	57	1.39%	Reduced
43	Bank of Montreal Toronto, Ontario, Canada	$2.65B	-$214M	48	1.23%	Reduced
44	Macquarie Group Sydney, NSW 2000, Australia	$2.62B	-$202M	51	2.95%	Reduced
45	California Public Employees Retirement System Sacramento, California	$2.38B	+$49.9M	31	2.22%	Increased
46	Loomis, Sayles & Company Boston, Massachusetts	$2.2B	+$91.2M	25	4.08%	Increased
47	Neuberger Berman Group New York	$2.08B	+$112M	40	2.09%	Increased
48	First Trust Advisors Wheaton, Illinois	$2B	-$200M	47	2.47%	Reduced
49	New York State Common Retirement Fund Albany, New York	$1.99B	-$141M	68	2.6%	Reduced
50	Putnam Investments Boston, Massachusetts	$1.98B	+$6.2M	25	3.55%	Increased