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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	California Public Employees Retirement System Sacramento, California	$3.88B	-$76.7M	34	2.47%	Reduced
52	Amundi Paris, France	$3.87B	-$267M	37	1.34%	Reduced
53	BNP Paribas Financial Markets Paris, France	$3.86B	-$244M	81	2.22%	Reduced
54	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$3.81B	+$57.3M	41	3.26%	Increased
55	ClearBridge Investments New York	$3.74B	+$21.8M	16	3.04%	Increased
56	First Trust Advisors Wheaton, Illinois	$3.71B	-$305M	58	2.98%	Reduced
57	Millennium Management New York	$3.63B	-$44.9M	82	1.76%	Reduced
58	Boston Partners Boston, Massachusetts	$3.61B	+$287M	16	4.01%	Increased
59	Sanders Capital West Palm Beach, Florida	$3.51B	-$89.3M	3	4.72%	Reduced
60	Janus Henderson Group London,	$3.48B	+$570M	59	1.7%	Increased
61	RhumbLine Advisers Boston, Massachusetts	$3.43B	-$46M	73	2.93%	Reduced
62	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$3.39B	-$131M	19	2.93%	Reduced
63	Neuberger Berman Group New York	$3.37B	+$116M	50	2.59%	Increased
64	Mitsubishi UFJ Asset Management Tokyo, Japan	$3.36B	+$202M	54	2.68%	Increased
65	Citigroup New York	$3.36B	-$22.9M	83	1.65%	Reduced
66	HSBC Holdings London, United Kingdom	$3.35B	-$87.3M	59	2.01%	Reduced
67	American Century Companies Kansas City, Missouri	$3.04B	-$128M	61	1.65%	Reduced
68	LPL Financial San Diego, California	$2.99B	+$253M	76	1%	Increased
69	Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong	$2.97B	+$640M	56	5.74%	Increased
70	Citadel Advisors Miami, Florida	$2.93B	+$210M	89	0.51%	Increased
71	Renaissance Technologies New York	$2.88B	-$501M	64	3.83%	Reduced
72	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$2.78B	+$9.05M	69	3.09%	Increased
73	Abrams Capital Management Boston, Massachusetts	$2.76B	-$465M	1	45.17%	Reduced
74	Stifel Financial St. Louis, Missouri	$2.57B	+$63.1M	61	2.5%	Increased
75	VOYA Investment Management Atlanta, Georgia	$2.46B	-$335M	58	2.44%	Reduced