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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	Sanders Capital West Palm Beach, Florida	$5.02B	-$45.5M	4	5.98%	Reduced
52	LPL Financial San Diego, California	$4.75B	+$805M	93	1.26%	Increased
53	Two Sigma Investments New York	$4.65B	+$2.78B	79	3.75%	Increased
54	Mitsubishi UFJ Asset Management Tokyo, Japan	$4.59B	+$382M	61	3.08%	Increased
55	Aristotle Capital Management Los Angeles, California	$4.44B	-$720M	6	9.3%	Reduced
56	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$4.38B	+$212M	46	2.82%	Increased
57	Janus Henderson Group London,	$4.31B	+$537M	61	2.06%	Increased
58	American Century Companies Kansas City, Missouri	$4.29B	+$288M	62	2.21%	Increased
59	National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea	$4.28B	+$135M	19	3.25%	Increased
60	BNP Paribas Financial Markets Paris, France	$4.24B	-$143M	86	2.06%	Reduced
61	Vanguard Global Advisers Malvern, Pennsylvania	$4.14B	+$4.39B	96	2.22%	New
62	D.E. Shaw & Co New York	$4.06B	-$956M	65	2.44%	Reduced
63	California Public Employees Retirement System Sacramento, California	$3.98B	-$132M	36	2.45%	Reduced
64	ClearBridge Investments New York	$3.97B	-$252M	20	3.46%	Reduced
65	Citadel Advisors Miami, Florida	$3.89B	-$394M	103	0.63%	Reduced
66	SEI Investments Oaks, Pennsylvania	$3.87B	+$669M	82	3.57%	Increased
67	RhumbLine Advisers Boston, Massachusetts	$3.79B	-$27M	76	3.24%	Reduced
68	Neuberger Berman Group New York	$3.78B	+$223M	55	2.88%	Increased
69	Loomis, Sayles & Company Boston, Massachusetts	$3.75B	-$293M	30	5.05%	Reduced
70	Citigroup New York	$3.57B	-$113M	96	1.52%	Reduced
71	Arrowstreet Capital Boston, Massachusetts	$3.57B	+$1.2B	39	1.93%	Increased
72	Boston Partners Boston, Massachusetts	$3.56B	-$242M	17	3.73%	Reduced
73	HSBC Holdings London, United Kingdom	$3.55B	-$266M	52	1.85%	Reduced
74	VOYA Investment Management Atlanta, Georgia	$3.41B	+$646M	62	3.55%	Increased
75	Vanguard Asset Management London, Ec4n 8af,	$3.35B	+$3.55B	63	2.86%	New