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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	Franklin Resources San Mateo, California	$8.83B	-$715K	53	2.54%	Reduced
27	Dodge & Cox San Francisco, California	$8.41B	-$305M	5	4.8%	Reduced
28	Royal Bank of Canada Toronto, Ontario, Canada	$8.39B	-$513M	91	1.75%	Reduced
29	Ameriprise Minneapolis, Minnesota	$8.16B	-$1.37B	58	2.2%	Reduced
30	Nuveen Charlotte, North Carolina	$7.91B	-$563M	65	2.4%	Reduced
31	UBS AM Chicago, Illinois	$7.82B	+$592M	57	2%	Increased
32	Longview Asset Management (Illinois) Chicago, Illinois	$7.66B	$0	1	96.11%	Maintained
33	Principal Financial Group Des Moines, Iowa	$7.63B	-$65.3M	50	4.28%	Reduced
34	Legal & General Group London, United Kingdom	$7.3B	+$131M	68	1.99%	Increased
35	Barclays London, United Kingdom	$7.04B	-$940M	80	1.99%	Reduced
36	Deutsche Bank Frankfurt Am Main Ge, Germany	$4.29B	+$305M	66	1.7%	Increased
37	T. Rowe Price Investment Management Baltimore, Maryland	$4.28B	+$98.6M	19	2.83%	Increased
38	Raymond James Financial St Petersburg, Florida	$4.26B	+$252M	68	1.6%	Increased
39	AllianceBernstein Nashville, Tennessee	$4.19B	+$65.4M	63	1.51%	Increased
40	Aristotle Capital Management Los Angeles, California	$4.19B	-$1.11B	6	8.34%	Reduced
41	Fisher Asset Management Camas, Washington	$4.19B	+$117M	25	1.81%	Increased
42	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$4.03B	-$123M	35	2.85%	Reduced
43	Swiss National Bank Zurich, Switzerland	$3.9B	+$16.6M	56	2.75%	Increased
44	Jennison Associates New York	$3.89B	-$102M	18	2.73%	Reduced
45	VanEck Associates New York	$3.8B	+$1.05B	38	4.91%	Increased
46	AQR Capital Management Greenwich, Connecticut	$3.52B	+$753M	60	3.63%	Increased
47	Bank of Montreal Toronto, Ontario, Canada	$3.49B	-$144M	55	1.7%	Reduced
48	Sanders Capital West Palm Beach, Florida	$3.42B	-$18.5M	3	5.12%	Reduced
49	First Trust Advisors Wheaton, Illinois	$3.41B	+$410M	56	3.02%	Increased
50	California Public Employees Retirement System Sacramento, California	$3.37B	-$13.1M	33	2.35%	Reduced