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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	$12.2B	+$63.5M	70	3.2%	Increased
27	Wells Fargo San Francisco, California	$11.6B	-$521M	94	2.11%	Reduced
28	Royal Bank of Canada Toronto, Ontario, Canada	$11.3B	+$480M	102	1.84%	Increased
29	UBS AM Chicago, Illinois	$11.2B	+$30.1M	69	2.36%	Increased
30	Legal & General Group London, United Kingdom	$11B	-$178M	74	2.44%	Reduced
31	Ameriprise Minneapolis, Minnesota	$10.9B	+$355M	66	2.45%	Increased
32	Dodge & Cox San Francisco, California	$9.98B	-$695M	7	5.39%	Reduced
33	Longview Asset Management (Illinois) Chicago, Illinois	$9.11B	-$83.8M	1	96.69%	Reduced
34	Principal Financial Group Des Moines, Iowa	$8.82B	-$491M	59	4.5%	Reduced
35	Deutsche Bank Frankfurt Am Main Ge, Germany	$7.54B	+$653M	74	2.45%	Increased
36	Barclays London, United Kingdom	$7.34B	-$1.49B	89	1.76%	Reduced
37	AQR Capital Management Greenwich, Connecticut	$6.82B	+$732M	67	3.58%	Increased
38	VanEck Associates New York	$6.32B	+$293M	45	5.22%	Increased
39	Fisher Asset Management Camas, Washington	$6.26B	+$167M	26	2.14%	Increased
40	Amundi Paris, France	$6.23B	+$620M	48	1.69%	Increased
41	AllianceBernstein Nashville, Tennessee	$6.13B	-$448M	69	1.94%	Reduced
42	Jennison Associates New York	$6B	-$246M	21	3.6%	Reduced
43	First Trust Advisors Wheaton, Illinois	$5.71B	+$948M	64	4.15%	Increased
44	Swiss National Bank Zurich, Switzerland	$5.47B	-$247M	61	3.26%	Reduced
45	Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong	$5.43B	+$678M	67	8.12%	Increased
46	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$5.42B	-$319M	35	3.19%	Reduced
47	Raymond James Financial St Petersburg, Florida	$5.42B	+$73.1M	78	1.68%	Increased
48	Bank of Montreal Toronto, Ontario, Canada	$5.38B	+$428M	56	1.86%	Increased
49	D.E. Shaw & Co New York	$4.93B	-$154M	60	2.7%	Reduced
50	Aristotle Capital Management Los Angeles, California	$4.79B	-$227M	6	9.58%	Reduced