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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	$11.9B	-$113M	70	3.15%	Reduced
27	Legal & General Group London, United Kingdom	$11.1B	+$589M	73	2.49%	Increased
28	UBS AM Chicago, Illinois	$11B	-$1.71B	59	2.38%	Reduced
29	Royal Bank of Canada Toronto, Ontario, Canada	$10.6B	-$62.6M	99	1.74%	Reduced
30	Ameriprise Minneapolis, Minnesota	$10.3B	-$237M	64	2.37%	Reduced
31	Dodge & Cox San Francisco, California	$10.1B	-$921M	7	5.43%	Reduced
32	Longview Asset Management (Illinois) Chicago, Illinois	$9.31B	-$229M	1	96.01%	Reduced
33	Principal Financial Group Des Moines, Iowa	$9.25B	+$588M	59	4.66%	Increased
34	Barclays London, United Kingdom	$8.8B	+$1.38B	89	1.91%	Increased
35	Deutsche Bank Frankfurt Am Main Ge, Germany	$6.78B	+$1.07B	72	2.27%	Increased
36	AllianceBernstein Nashville, Tennessee	$6.46B	+$348M	69	2.03%	Increased
37	Jennison Associates New York	$6.1B	+$202M	20	3.55%	Increased
38	AQR Capital Management Greenwich, Connecticut	$6.07B	+$1.13B	66	3.89%	Increased
39	VanEck Associates New York	$5.94B	+$233M	40	5.52%	Increased
40	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$5.73B	-$125M	37	3.3%	Reduced
41	Fisher Asset Management Camas, Washington	$5.7B	+$167M	25	2.06%	Increased
42	Swiss National Bank Zurich, Switzerland	$5.63B	-$157M	59	3.27%	Reduced
43	Amundi Paris, France	$5.52B	+$755M	41	1.77%	Increased
44	Raymond James Financial St Petersburg, Florida	$5.29B	-$19.8M	77	1.7%	Reduced
45	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$5.13B	+$677M	44	3.6%	Increased
46	D.E. Shaw & Co New York	$4.92B	+$292M	54	2.78%	Increased
47	First Trust Advisors Wheaton, Illinois	$4.91B	+$578M	60	3.65%	Increased
48	Bank of Montreal Toronto, Ontario, Canada	$4.88B	+$305M	57	1.87%	Increased
49	Aristotle Capital Management Los Angeles, California	$4.84B	-$278M	6	9.36%	Reduced
50	Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong	$4.79B	+$1.2B	65	7.67%	Increased