← All themes

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	Bank of Montreal Toronto, Ontario, Canada	$2.4B	+$265M	53	0.83%	Increased
52	Neuberger Berman Group New York	$2.36B	-$238M	41	2.11%	Reduced
53	Fisher Asset Management Camas, Washington	$2.2B	+$100M	19	1.22%	Increased
54	RhumbLine Advisers Boston, Massachusetts	$2.14B	+$26.1M	71	2.4%	Increased
55	Deutsche Bank Frankfurt Am Main Ge, Germany	$2.05B	-$403M	64	1.09%	Reduced
56	Millennium Management New York	$2.02B	-$226M	69	0.99%	Reduced
57	New York State Common Retirement Fund Albany, New York	$1.99B	-$125M	66	2.54%	Reduced
58	Eagle Capital Management (New York) New York	$1.96B	-$99M	2	8.8%	Reduced
59	Citadel Advisors Miami, Florida	$1.93B	+$87M	82	0.4%	Increased
60	Raymond James & Associates St Petersburg, Florida	$1.9B	+$32.2M	52	1.56%	Increased
61	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.78B	-$44.3M	61	2.52%	Reduced
62	Renaissance Technologies New York	$1.77B	-$510M	65	2.55%	Reduced
63	Stifel Financial St. Louis, Missouri	$1.75B	-$18M	54	2.39%	Reduced
64	Envestnet Asset Management Chicago, Illinois	$1.71B	-$1.65B	53	0.76%	Reduced
65	Putnam Investments Boston, Massachusetts	$1.7B	-$46.6M	23	2.51%	Reduced
66	Credit Suisse Zurich, Switzerland	$1.65B	+$41.3M	56	1.64%	Increased
67	HSBC Holdings London, United Kingdom	$1.57B	+$229M	42	1.6%	Increased
68	Mackenzie Financial Toronto Ontario, Ontario, Canada	$1.56B	+$253M	31	2.37%	Increased
69	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$1.55B	+$75.5M	15	2.51%	Increased
70	Lazard Asset Management New York	$1.55B	+$60M	43	1.91%	Increased
71	D.E. Shaw & Co New York	$1.54B	+$213M	52	1.57%	Increased
72	VOYA Investment Management Atlanta, Georgia	$1.5B	+$72.8M	58	1.55%	Increased
73	Prudential Financial Newark, New Jersey	$1.49B	-$17.7M	48	2.17%	Reduced
74	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.49B	-$15.5M	57	0.83%	Reduced
75	1832 Asset Management Toronto, Ontario, Canada	$1.46B	-$37.2M	17	1.74%	Reduced