← 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	BNP Paribas Financial Markets Paris, France	$3.35B	+$47.3M	75	1.97%	Increased
52	Envestnet Asset Management Chicago, Illinois	$3.32B	+$83.3M	56	1.07%	Increased
53	ClearBridge Investments New York	$3.28B	+$168M	17	2.87%	Increased
54	Loomis, Sayles & Company Boston, Massachusetts	$3.22B	-$128M	30	4.66%	Reduced
55	Amundi Paris, France	$3.16B	+$491M	44	1.15%	Increased
56	Millennium Management New York	$3.04B	+$314M	74	1.62%	Increased
57	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$3.03B	+$130M	40	2.94%	Increased
58	Boston Partners Boston, Massachusetts	$2.97B	-$546M	15	3.59%	Reduced
59	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$2.93B	+$149M	17	2.81%	Increased
60	HSBC Holdings London, United Kingdom	$2.86B	-$117M	54	1.77%	Reduced
61	RhumbLine Advisers Boston, Massachusetts	$2.84B	+$14.2M	68	2.66%	Increased
62	Citigroup New York	$2.79B	+$610M	80	1.42%	Increased
63	Neuberger Berman Group New York	$2.68B	+$75.8M	49	2.24%	Increased
64	Abrams Capital Management Boston, Massachusetts	$2.64B	$0	1	46.92%	Maintained
65	Mitsubishi UFJ Asset Management Tokyo, Japan	$2.6B	+$282M	52	2.39%	Increased
66	American Century Companies Kansas City, Missouri	$2.48B	+$5.43M	57	1.52%	Increased
67	Janus Henderson Group London,	$2.45B	-$321M	56	1.34%	Reduced
68	D.E. Shaw & Co New York	$2.44B	-$274M	59	2.17%	Reduced
69	Renaissance Technologies New York	$2.4B	-$526M	64	3.63%	Reduced
70	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$2.29B	-$150K	65	2.83%	Reduced
71	LPL Financial San Diego, California	$2.22B	+$222M	70	0.86%	Increased
72	Citadel Advisors Miami, Florida	$2.19B	-$871M	78	0.42%	Reduced
73	Stifel Financial St. Louis, Missouri	$2.18B	+$23M	59	2.32%	Increased
74	VOYA Investment Management Atlanta, Georgia	$2.15B	-$64.6M	54	2.39%	Reduced
75	Marshall Wace London, United Kingdom	$2.12B	+$759M	56	2.69%	Increased