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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
51	Royal Bank of Canada Toronto, Ontario, Canada	$1.75B	+$1.72B	56	1.48%	New
52	Eaton Vance Management Boston, Massachusetts	$1.74B	+$1.71B	12	5.29%	New
53	Institutional Capital Chicago, Illinois	$1.67B	+$1.65B	2	8.61%	New
54	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$1.65B	+$1.62B	16	3.75%	New
55	Prudential Financial Newark, New Jersey	$1.64B	+$1.61B	43	3.64%	New
56	Charles Schwab San Francisco, California	$1.62B	+$1.57B	49	3.62%	New
57	Carlyle Group Washington, District of Columbia	$1.6B	+$1.46B	1	14.45%	New
58	OppenheimerFunds New York	$1.55B	+$1.51B	13	2.23%	New
59	UBS Zurich, Switzerland	$1.46B	+$1.43B	67	1.73%	New
60	Primecap Management Pasadena, California	$1.41B	+$1.34B	4	2.01%	New
61	Adage Capital Partners Boston, Massachusetts	$1.38B	+$1.34B	9	4.24%	New
62	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.36B	+$1.33B	38	3.83%	New
63	BlackRock New York	$1.35B	+$1.32B	48	2.68%	New
64	Fisher Asset Management Camas, Washington	$1.35B	+$1.35B	11	3.5%	New
65	First Eagle Investment Management New York	$1.35B	+$1.27B	9	4.09%	New
66	HSBC Holdings London, United Kingdom	$1.32B	+$1.3B	21	3.99%	New
67	Putnam Investments Boston, Massachusetts	$1.31B	+$1.27B	24	3.83%	New
68	LSV Asset Management Chicago, Illinois	$1.27B	+$1.22B	25	3.38%	New
69	Mitsubishi UFJ Trust & Banking Tokyo, Japan	$1.23B	+$1.2B	16	3.45%	New
70	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.11B	+$1.09B	48	3.62%	New
71	State Board of Administration of Florida Retirement System Tallahassee, Florida	$1.09B	+$1.07B	45	3.64%	New
72	RhumbLine Advisers Boston, Massachusetts	$1.08B	+$1.06B	47	3.47%	New
73	Teachers Advisors New York	$1.07B	+$1.04B	47	2.86%	New
74	APG Asset Management Amsterdam, Netherlands	$1.03B	+$1.02B	14	3.22%	New
75	Parametric Portfolio Associates Seattle, Washington	$1B	+$982M	48	2.93%	New