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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	Nuveen Charlotte, North Carolina	$5.1B	-$106M	62	2.07%	Reduced
27	Legal & General Group London, United Kingdom	$4.79B	-$215M	65	1.87%	Reduced
28	Royal Bank of Canada Toronto, Ontario, Canada	$4.61B	+$23.5M	86	1.45%	Increased
29	T. Rowe Price Investment Management Baltimore, Maryland	$4.54B	+$5.07B	10	3.63%	New
30	Goldman Sachs New York	$4.27B	+$362M	73	1.08%	Increased
31	Norges Bank Oslo, Norway	$4.22B	+$106M	40	1.12%	Increased
32	Principal Financial Group Des Moines, Iowa	$4.12B	+$52.6M	48	3.27%	Increased
33	AllianceBernstein Nashville, Tennessee	$3.62B	+$32.7M	55	1.75%	Increased
34	UBS Group Zurich, Switzerland	$3.38B	-$292M	96	1.48%	Reduced
35	Aristotle Capital Management Los Angeles, California	$3.28B	-$46.8M	4	7.26%	Reduced
36	ClearBridge Investments New York	$3.1B	-$83.3M	17	3.13%	Reduced
37	Swiss National Bank Zurich, Switzerland	$2.94B	+$292M	58	2.1%	Increased
38	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$2.8B	-$53.9M	26	2.3%	Reduced
39	Boston Partners Boston, Massachusetts	$2.76B	-$86M	19	4.04%	Reduced
40	Victory Capital Management San Antonio, Texas	$2.72B	-$4.68M	56	3.18%	Reduced
41	American Century Companies Kansas City, Missouri	$2.58B	-$6.57M	48	2.27%	Reduced
42	Janus Henderson Group London,	$2.56B	-$42.3M	32	1.92%	Reduced
43	California Public Employees Retirement System Sacramento, California	$2.45B	+$294M	32	2.26%	Increased
44	UBS AM Chicago, Illinois	$2.4B	-$67M	55	1.35%	Reduced
45	Macquarie Group Sydney, NSW 2000, Australia	$2.31B	-$167M	46	2.84%	Reduced
46	First Trust Advisors Wheaton, Illinois	$2.15B	+$277M	44	2.78%	Increased
47	Neuberger Berman Group New York	$2.12B	+$271M	38	2.21%	Increased
48	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.95B	+$109M	66	1.18%	Increased
49	Loomis, Sayles & Company Boston, Massachusetts	$1.86B	-$136M	19	3.77%	Reduced
50	Bank of Montreal Toronto, Ontario, Canada	$1.77B	-$406M	52	0.77%	Reduced