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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	Neuberger Berman Group New York	$2.08B	-$25.8M	28	2.42%	Reduced
52	Aristotle Capital Management Los Angeles, California	$2.02B	+$588M	4	6.65%	Increased
53	Credit Suisse Zurich, Switzerland	$1.98B	+$214M	54	1.44%	Increased
54	PNC Financial Services Group Pittsburgh, Pennsylvania	$1.91B	-$1.63M	55	1.88%	Reduced
55	Barclays London, United Kingdom	$1.83B	+$315M	61	1.01%	Increased
56	Primecap Management Pasadena, California	$1.83B	-$28.9M	11	1.32%	Reduced
57	Adage Capital Partners Boston, Massachusetts	$1.8B	-$14.8M	17	4.43%	Reduced
58	Lazard Asset Management New York	$1.8B	+$350M	29	2.57%	Increased
59	D.E. Shaw & Co New York	$1.8B	+$453M	45	2.05%	Increased
60	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.8B	+$99.8M	55	3.05%	Increased
61	American Century Companies Kansas City, Missouri	$1.77B	-$241M	34	1.69%	Reduced
62	Jennison Associates New York	$1.77B	-$854M	12	1.79%	Reduced
63	Allianz Asset Management Munich, Germany	$1.76B	+$105M	37	1.6%	Increased
64	RhumbLine Advisers Boston, Massachusetts	$1.73B	+$11M	54	2.89%	Increased
65	Hotchkis & Wiley Capital Management Los Angeles, California	$1.62B	+$92.1M	9	5.63%	Increased
66	Artisan Partners Milwaukee, Wisconsin	$1.61B	+$50.7M	6	2.82%	Increased
67	Putnam Investments Boston, Massachusetts	$1.6B	-$54.8M	23	3.31%	Reduced
68	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$1.56B	-$1.46B	7	5%	Reduced
69	TD Asset Management Toronto, Ontario, Canada	$1.54B	-$70.4M	29	2.23%	Reduced
70	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.53B	-$66.6M	52	1.61%	Reduced
71	Fisher Asset Management Camas, Washington	$1.5B	-$61.3M	17	1.51%	Reduced
72	VOYA Investment Management Atlanta, Georgia	$1.49B	-$244M	54	3.08%	Reduced
73	Eaton Vance Management Boston, Massachusetts	$1.42B	+$10.8M	24	2.77%	Increased
74	Millennium Management New York	$1.41B	-$23.7M	54	1.76%	Reduced
75	Stifel Financial St. Louis, Missouri	$1.4B	+$271M	48	2.93%	Increased