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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	$10.8B	+$1.27B	69	2.98%	Increased
27	Wells Fargo San Francisco, California	$10.8B	+$7.14M	91	2.22%	Increased
28	Franklin Resources San Mateo, California	$10.4B	+$425M	55	2.76%	Increased
29	Royal Bank of Canada Toronto, Ontario, Canada	$9.8B	+$92.9M	96	1.77%	Increased
30	Dodge & Cox San Francisco, California	$9.73B	+$94.7M	7	5.46%	Increased
31	Ameriprise Minneapolis, Minnesota	$9.58B	+$137M	65	2.36%	Increased
32	Legal & General Group London, United Kingdom	$9.19B	+$268M	73	2.28%	Increased
33	Principal Financial Group Des Moines, Iowa	$8.72B	-$239M	56	4.61%	Reduced
34	Longview Asset Management (Illinois) Chicago, Illinois	$8.18B	-$17.5M	1	95%	Reduced
35	Barclays London, United Kingdom	$6.62B	-$1.55B	85	1.52%	Reduced
36	AllianceBernstein Nashville, Tennessee	$5.56B	+$444M	69	1.81%	Increased
37	Jennison Associates New York	$5.38B	+$495M	19	3.19%	Increased
38	Swiss National Bank Zurich, Switzerland	$5.11B	+$304M	57	3.06%	Increased
39	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$5.08B	-$11.6M	37	3.17%	Reduced
40	T. Rowe Price Investment Management Baltimore, Maryland	$5B	+$12.4M	25	3.16%	Increased
41	Fisher Asset Management Camas, Washington	$4.97B	+$147M	27	1.97%	Increased
42	Deutsche Bank Frankfurt Am Main Ge, Germany	$4.89B	-$322M	72	1.8%	Reduced
43	VanEck Associates New York	$4.84B	+$110M	40	5.48%	Increased
44	Raymond James Financial St Petersburg, Florida	$4.68B	-$441M	94	1.61%	Reduced
45	Aristotle Capital Management Los Angeles, California	$4.58B	-$81.9M	6	8.82%	Reduced
46	AQR Capital Management Greenwich, Connecticut	$4.33B	+$177M	65	3.58%	Increased
47	Bank of Montreal Toronto, Ontario, Canada	$3.97B	-$369M	55	1.86%	Reduced
48	Loomis, Sayles & Company Boston, Massachusetts	$3.93B	-$44.3M	30	4.92%	Reduced
49	D.E. Shaw & Co New York	$3.92B	+$493M	60	2.78%	Increased
50	Envestnet Asset Management Chicago, Illinois	$3.88B	+$40.3M	59	1.13%	Increased