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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	Trian Fund Management New York	$2.13B	-$158M	1	19.2%	Reduced
52	Credit Suisse Zurich, Switzerland	$2.06B	-$328M	54	2.05%	Reduced
53	Prudential Financial Newark, New Jersey	$2.03B	-$90.2M	44	3.27%	Reduced
54	American Century Companies Kansas City, Missouri	$1.99B	+$188M	28	2.14%	Increased
55	Teachers Advisors New York	$1.98B	+$77M	52	3.11%	Increased
56	Swiss National Bank Zurich, Switzerland	$1.98B	+$8.93M	45	3.12%	Increased
57	Parametric Portfolio Associates Seattle, Washington	$1.96B	+$13.6M	52	2.73%	Increased
58	Allianz Asset Management Munich, Germany	$1.81B	-$243M	37	1.62%	Reduced
59	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.8B	-$45.2M	52	3.68%	Reduced
60	Neuberger Berman Group New York	$1.76B	+$61.5M	29	2.37%	Increased
61	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.75B	-$118M	62	2.49%	Reduced
62	Bank of Montreal Toronto, Ontario, Canada	$1.69B	-$2.8M	52	1.78%	Reduced
63	Harris Associates Chicago, Illinois	$1.68B	-$54.4M	3	3.24%	Reduced
64	BlackRock New York	$1.68B	-$55.4M	53	2.38%	Reduced
65	London Company of Virginia Richmond, Virginia	$1.63B	+$6.23M	5	11.19%	Increased
66	Mitsubishi UFJ Trust & Banking Tokyo, Japan	$1.6B	-$37.4M	14	3.36%	Reduced
67	APG Asset Management Amsterdam, Netherlands	$1.53B	-$72.1M	11	2.88%	Reduced
68	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.48B	-$34.2M	41	3.86%	Reduced
69	Adage Capital Partners Boston, Massachusetts	$1.45B	+$57.2M	21	3.97%	Increased
70	LSV Asset Management Chicago, Illinois	$1.44B	-$260M	28	2.64%	Reduced
71	Putnam Investments Boston, Massachusetts	$1.36B	-$528M	21	3.28%	Reduced
72	RhumbLine Advisers Boston, Massachusetts	$1.36B	+$45M	51	3.44%	Increased
73	TD Asset Management Toronto, Ontario, Canada	$1.34B	-$84.8M	28	2.27%	Reduced
74	State Farm Mutual Automobile Insurance Bloomington, Illinois	$1.34B	$0	1	1.91%	Maintained
75	Asset Management One Tokyo, Japan	$1.34B	+$1.16B	18	3.42%	Increased