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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	Vanguard Fiduciary Trust Malvern, Pennsylvania	$12.7B	+$13.4B	103	3.19%	New
27	Wells Fargo San Francisco, California	$12B	+$3.91M	101	2.26%	Increased
28	Nuveen Charlotte, North Carolina	$11.7B	-$652M	74	3.17%	Reduced
29	UBS AM Chicago, Illinois	$11.3B	+$427M	73	2.34%	Increased
30	Ameriprise Minneapolis, Minnesota	$10.9B	-$267M	70	2.53%	Reduced
31	Legal & General Group London, United Kingdom	$10.7B	-$108M	76	2.48%	Reduced
32	Royal Bank of Canada Toronto, Ontario, Canada	$10.7B	-$903M	112	1.88%	Reduced
33	Longview Asset Management (Illinois) Chicago, Illinois	$9.29B	-$180K	1	97.13%	Reduced
34	Dodge & Cox San Francisco, California	$8.6B	-$1.8B	7	4.73%	Reduced
35	Jennison Associates New York	$8.4B	+$2.84B	21	5.77%	Increased
36	Principal Financial Group Des Moines, Iowa	$7.9B	-$220M	55	4.22%	Reduced
37	AQR Capital Management Greenwich, Connecticut	$7.89B	+$965M	71	3.61%	Increased
38	Amundi Paris, France	$7.55B	+$1.96B	54	2.06%	Increased
39	Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong	$7.39B	+$1.93B	71	10.02%	Increased
40	Deutsche Bank Frankfurt Am Main Ge, Germany	$7.39B	-$54.6M	77	2.44%	Reduced
41	AllianceBernstein Nashville, Tennessee	$7.14B	+$1.08B	69	2.31%	Increased
42	VanEck Associates New York	$6.9B	+$246M	45	5.18%	Increased
43	Barclays London, United Kingdom	$6.58B	-$681M	94	1.58%	Reduced
44	Fisher Asset Management Camas, Washington	$6.49B	+$97.2M	26	2.2%	Increased
45	Envestnet Asset Management Chicago, Illinois	$6.12B	+$1.91B	69	1.64%	Increased
46	Swiss National Bank Zurich, Switzerland	$5.75B	+$414M	62	3.31%	Increased
47	First Trust Advisors Wheaton, Illinois	$5.71B	-$160M	64	4.08%	Reduced
48	Raymond James Financial St Petersburg, Florida	$5.66B	+$134M	84	1.75%	Increased
49	Bank of Montreal Toronto, Ontario, Canada	$5.53B	-$2.04M	58	2.06%	Reduced
50	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$5.03B	-$269M	35	3.26%	Reduced