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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	Fisher Asset Management Camas, Washington	$2.03B	+$12M	13	3.6%	Increased
52	Prudential Financial Newark, New Jersey	$1.96B	+$114M	44	3.23%	Increased
53	Allianz Asset Management Munich, Germany	$1.9B	-$80.8M	32	1.85%	Reduced
54	Swiss National Bank Zurich, Switzerland	$1.83B	-$39M	45	2.93%	Reduced
55	Parametric Portfolio Associates Seattle, Washington	$1.8B	+$17.6M	53	2.7%	Increased
56	Putnam Investments Boston, Massachusetts	$1.77B	-$149M	21	4.27%	Reduced
57	Jennison Associates New York	$1.77B	-$265M	13	1.91%	Reduced
58	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.76B	-$11.6M	61	2.61%	Reduced
59	Teachers Advisors New York	$1.75B	+$31.6M	52	2.91%	Increased
60	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.72B	+$17M	52	3.54%	Increased
61	BlackRock New York	$1.61B	-$139M	53	2.31%	Reduced
62	Harris Associates Chicago, Illinois	$1.6B	-$32.6M	3	3.17%	Reduced
63	American Century Companies Kansas City, Missouri	$1.58B	-$237M	29	1.74%	Reduced
64	APG Asset Management Amsterdam, Netherlands	$1.57B	-$58.1M	13	2.76%	Reduced
65	Bank of Montreal Toronto, Ontario, Canada	$1.54B	-$12.1M	50	1.68%	Reduced
66	LSV Asset Management Chicago, Illinois	$1.53B	-$69.8M	30	3%	Reduced
67	London Company of Virginia Richmond, Virginia	$1.53B	+$62.4M	5	11.41%	Increased
68	Mitsubishi UFJ Trust & Banking Tokyo, Japan	$1.53B	+$5.16M	13	3.16%	Increased
69	Neuberger Berman Group New York	$1.52B	+$163M	26	2.07%	Increased
70	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.41B	-$93M	42	3.73%	Reduced
71	Eaton Vance Management Boston, Massachusetts	$1.35B	-$178M	21	3.89%	Reduced
72	TD Asset Management Toronto, Ontario, Canada	$1.33B	+$17.8M	27	2.3%	Increased
73	Lazard Asset Management New York	$1.33B	+$81M	15	2.64%	Increased
74	Emerald Acquisition Seattle, Washington	$1.32B	-$324M	54	2.55%	Reduced
75	VOYA Investment Management Atlanta, Georgia	$1.29B	+$15.6M	46	2.44%	Increased