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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	OppenheimerFunds New York	$2.05B	+$46.4M	16	2.42%	Increased
52	Charles Schwab San Francisco, California	$2.04B	+$34.7M	49	3.65%	Increased
53	Russell Frank Company Seattle, Washington	$2.01B	-$106M	52	3.54%	Reduced
54	Royal Bank of Canada Toronto, Ontario, Canada	$1.95B	-$354M	55	1.43%	Reduced
55	Prudential Financial Newark, New Jersey	$1.91B	+$23.7M	45	3.56%	Increased
56	Fisher Asset Management Camas, Washington	$1.88B	+$11.4M	13	4.24%	Increased
57	HSBC Holdings London, United Kingdom	$1.86B	+$422M	22	4.46%	Increased
58	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$1.82B	-$38.1M	16	3.83%	Reduced
59	BlackRock New York	$1.73B	+$24.8M	50	2.79%	Increased
60	Primecap Management Pasadena, California	$1.62B	-$120M	7	1.83%	Reduced
61	Carlyle Group Washington, District of Columbia	$1.6B	-$141M	1	10%	Reduced
62	Boston Partners Boston, Massachusetts	$1.58B	+$137M	16	2.88%	Increased
63	D.E. Shaw & Co New York	$1.51B	+$363M	41	2.16%	Increased
64	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.49B	-$49.1M	39	3.92%	Reduced
65	Eaton Vance Management Boston, Massachusetts	$1.46B	-$304M	15	4.31%	Reduced
66	LSV Asset Management Chicago, Illinois	$1.42B	-$173M	27	3.31%	Reduced
67	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.41B	+$6.91M	49	3.73%	Increased
68	First Eagle Investment Management New York	$1.38B	-$7.3M	13	3.66%	Reduced
69	Mitsubishi UFJ Trust & Banking Tokyo, Japan	$1.37B	-$10.8M	15	3.33%	Reduced
70	VOYA Investment Management Atlanta, Georgia	$1.34B	+$127M	46	3.1%	Increased
71	Teachers Advisors New York	$1.31B	-$10.4M	49	2.84%	Reduced
72	TD Asset Management Toronto, Ontario, Canada	$1.28B	-$88.3M	24	2.32%	Reduced
73	Capital International Investors Los Angeles, California	$1.26B	+$134M	5	3.4%	Increased
74	Principal Financial Group Des Moines, Iowa	$1.26B	-$24.5M	43	2.24%	Reduced
75	Schroder Investment Management Group London, United Kingdom	$1.25B	+$101M	21	1.41%	Increased