← 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
101	Citadel Advisors Miami, Florida	$884M	-$408M	43	1.12%	Reduced
102	GAMCO Investors Greenwich, Connecticut	$882M	-$8.23M	24	5.82%	Reduced
103	HSBC Holdings London, United Kingdom	$875M	-$35.6M	31	2.47%	Reduced
104	Carlyle Group Washington, District of Columbia	$862M	$0	1	10.8%	Maintained
105	USAA United Services Automobile Association San Antonio, Texas	$859M	+$38.4M	27	3.1%	Increased
106	Winslow Capital Management Minneapolis, Minnesota	$853M	+$528M	3	3.35%	Increased
107	Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada	$827M	-$136M	14	2.22%	Reduced
108	STRS Ohio Columbus, Ohio	$819M	-$25M	32	3.68%	Reduced
109	AIG American International Group New York	$817M	+$1.06M	56	3.19%	Increased
110	US Bancorp Minneapolis, Minnesota	$771M	+$9.73M	53	3.03%	Increased
111	Canada Life Winnipeg, Manitoba, Canada	$770M	-$14.9M	47	2.79%	Reduced
112	Prudential plc London, England, United Kingdom	$768M	-$25.3M	13	3.12%	Reduced
113	Stifel Financial St. Louis, Missouri	$740M	+$39.7M	29	3.94%	Increased
114	Credit Agricole Montrouge Cedex, France	$728M	-$162M	18	3.45%	Reduced
115	1832 Asset Management Toronto, Ontario, Canada	$708M	+$116M	12	1.73%	Increased
116	Longview Partners St Peter Port, Guernsey	$693M	-$15.1M	1	4.6%	Reduced
117	NFA Nationwide Fund Advisors Columbus, Ohio	$686M	-$17.4M	56	2.98%	Reduced
118	Chevy Chase Trust Bethesda, Maryland	$676M	+$4.95M	12	3.86%	Increased
119	Burgundy Asset Management Toronto, Ontario, Canada	$662M	-$16.7M	5	6.88%	Reduced
120	Artisan Partners Milwaukee, Wisconsin	$654M	-$64.5M	9	1.36%	Reduced
121	State of New Jersey Common Pension Fund D Trenton, New Jersey	$654M	+$193M	18	2.95%	Increased
122	Diamond Hill Capital Management Columbus, Ohio	$634M	-$17M	3	4.04%	Reduced
123	Gabelli Funds Rye, New York	$625M	-$20.4M	26	3.77%	Reduced
124	Retirement Systems of Alabama Montgomery, Alabama	$615M	-$18.5M	23	3.64%	Reduced
125	William Blair Investment Management Chicago, Illinois	$613M	+$55.3M	9	2.43%	Increased