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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	Longview Asset Management (Illinois) Chicago, Illinois	$8.49B	$0	1	96.18%	Maintained
27	Nuveen Charlotte, North Carolina	$8.1B	+$80.8M	68	2.27%	Increased
28	Dodge & Cox San Francisco, California	$8.06B	-$9.91M	5	4.56%	Reduced
29	Goldman Sachs New York	$7.75B	-$244M	74	1.25%	Reduced
30	Royal Bank of Canada Toronto, Ontario, Canada	$7.7B	+$449M	86	1.57%	Increased
31	Principal Financial Group Des Moines, Iowa	$7.49B	-$50.4M	51	4.09%	Reduced
32	Legal & General Group London, United Kingdom	$6.91B	-$15.7M	67	1.82%	Reduced
33	UBS Group Zurich, Switzerland	$6.41B	+$177M	105	1.4%	Increased
34	UBS AM Chicago, Illinois	$6.2B	+$248M	54	1.59%	Increased
35	Aristotle Capital Management Los Angeles, California	$5.42B	-$27M	6	9.87%	Reduced
36	Barclays London, United Kingdom	$4.84B	+$749M	77	1.28%	Increased
37	T. Rowe Price Investment Management Baltimore, Maryland	$4.54B	-$1.16B	17	2.74%	Reduced
38	AllianceBernstein Nashville, Tennessee	$4.03B	+$135M	63	1.35%	Increased
39	Boston Partners Boston, Massachusetts	$4.01B	-$181M	22	4.73%	Reduced
40	Sanders Capital West Palm Beach, Florida	$3.79B	+$16.3M	3	5.49%	Increased
41	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$3.76B	-$40.5M	36	2.6%	Reduced
42	Swiss National Bank Zurich, Switzerland	$3.7B	+$31.8M	53	2.41%	Increased
43	Fisher Asset Management Camas, Washington	$3.61B	+$167M	22	1.48%	Increased
44	California Public Employees Retirement System Sacramento, California	$3.58B	-$245M	32	2.51%	Reduced
45	Envestnet Asset Management Chicago, Illinois	$3.4B	+$101M	58	1.1%	Increased
46	Deutsche Bank Frankfurt Am Main Ge, Germany	$3.33B	+$149M	66	1.36%	Increased
47	Millennium Management New York	$3.3B	-$138M	71	1.56%	Reduced
48	Janus Henderson Group London,	$3.23B	+$264M	53	1.65%	Increased
49	Loomis, Sayles & Company Boston, Massachusetts	$3.17B	-$89.8M	26	4.16%	Reduced
50	Jennison Associates New York	$3.08B	+$803M	12	1.91%	Increased