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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	Credit Suisse Zurich, Switzerland	$1.97B	+$52.7M	53	2.19%	Increased
52	Allianz Asset Management Munich, Germany	$1.97B	+$359M	30	2.09%	Increased
53	Putnam Investments Boston, Massachusetts	$1.93B	-$143M	23	4.71%	Reduced
54	Swiss National Bank Zurich, Switzerland	$1.9B	+$102M	45	3.07%	Increased
55	GE General Electric Evendale, Ohio	$1.85B	-$168M	6	9.64%	Reduced
56	Prudential Financial Newark, New Jersey	$1.85B	+$194M	45	3.11%	Increased
57	Parametric Portfolio Associates Seattle, Washington	$1.8B	+$41.4M	53	2.85%	Increased
58	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.79B	+$73M	60	2.75%	Increased
59	American Century Companies Kansas City, Missouri	$1.79B	-$183M	29	2.03%	Reduced
60	BlackRock New York	$1.76B	+$191M	53	2.65%	Increased
61	Teachers Advisors New York	$1.74B	-$4.44M	52	3.03%	Reduced
62	AQR Capital Management Greenwich, Connecticut	$1.72B	+$59.4M	45	3.04%	Increased
63	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.72B	-$84M	52	3.7%	Reduced
64	APG Asset Management Amsterdam, Netherlands	$1.64B	+$96.6M	12	3.09%	Increased
65	Emerald Acquisition Seattle, Washington	$1.63B	+$1.6B	53	2.83%	New
66	Harris Associates Chicago, Illinois	$1.63B	-$377M	3	3.29%	Reduced
67	Adage Capital Partners Boston, Massachusetts	$1.59B	+$30M	20	4.33%	Increased
68	LSV Asset Management Chicago, Illinois	$1.58B	+$14.7M	28	3.23%	Increased
69	Eaton Vance Management Boston, Massachusetts	$1.56B	-$77.8M	20	4.54%	Reduced
70	Mitsubishi UFJ Trust & Banking Tokyo, Japan	$1.54B	-$4.35M	13	3.39%	Reduced
71	Bank of Montreal Toronto, Ontario, Canada	$1.54B	+$223M	54	1.76%	Increased
72	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.51B	-$11.1M	41	3.98%	Reduced
73	London Company of Virginia Richmond, Virginia	$1.45B	+$35M	5	11.14%	Increased
74	Neuberger Berman Group New York	$1.35B	-$88.1M	27	1.86%	Reduced
75	State Farm Mutual Automobile Insurance Bloomington, Illinois	$1.34B	$0	1	2.01%	Maintained