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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	$1.98B	+$87.6M	17	2.21%	Increased
52	Institutional Capital Chicago, Illinois	$1.95B	-$106M	3	11.71%	Reduced
53	Prudential Financial Newark, New Jersey	$1.92B	-$84.5M	45	3.49%	Reduced
54	Neuberger Berman Group New York	$1.91B	-$190M	25	1.98%	Reduced
55	Russell Frank Company Seattle, Washington	$1.89B	+$50.5M	49	3.3%	Increased
56	Capital International Investors Los Angeles, California	$1.89B	+$367M	6	3.84%	Increased
57	Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan	$1.77B	-$15.3M	15	3.44%	Reduced
58	BlackRock New York	$1.76B	-$46.5M	51	2.52%	Reduced
59	APG Asset Management Amsterdam, Netherlands	$1.63B	+$13.1M	14	3.13%	Increased
60	Principal Financial Group Des Moines, Iowa	$1.6B	+$67M	44	2.48%	Increased
61	Jennison Associates New York	$1.55B	-$257M	11	1.45%	Reduced
62	Adage Capital Partners Boston, Massachusetts	$1.55B	+$197M	20	3.78%	Increased
63	First Eagle Investment Management New York	$1.5B	+$149M	9	3.65%	Increased
64	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.49B	+$10.4M	50	3.49%	Increased
65	Bank of Montreal Toronto, Ontario, Canada	$1.47B	+$116M	49	1.66%	Increased
66	Schroder Investment Management Group London, United Kingdom	$1.46B	+$54.6M	23	2.87%	Increased
67	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.46B	-$18.5M	39	3.68%	Reduced
68	LSV Asset Management Chicago, Illinois	$1.42B	-$57M	25	2.95%	Reduced
69	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.41B	+$38.7M	60	2.05%	Increased
70	HSBC Holdings London, United Kingdom	$1.41B	-$503M	21	2.92%	Reduced
71	Primecap Management Pasadena, California	$1.39B	-$236M	6	1.41%	Reduced
72	Carlyle Group Washington, District of Columbia	$1.39B	-$274M	1	8.51%	Reduced
73	TD Asset Management Toronto, Ontario, Canada	$1.37B	+$56M	25	2.29%	Increased
74	Mitsubishi UFJ Trust & Banking Tokyo, Japan	$1.37B	-$7.9M	13	3.23%	Reduced
75	VOYA Investment Management Atlanta, Georgia	$1.32B	-$88.5M	47	2.93%	Reduced