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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
1	State Street Boston, Massachusetts	$53.9B	-$2.07B	56	5.53%	Reduced
2	Vanguard Group Malvern, Pennsylvania	$46.7B	+$1.37B	69	3.17%	Increased
3	Capital World Investors Los Angeles, California	$26.9B	-$506M	11	7.26%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$21.6B	+$205M	60	3.36%	Increased
5	T. Rowe Price Associates Baltimore, Maryland	$16.5B	-$179M	45	3.41%	Reduced
6	Fidelity Investments Boston, Massachusetts	$14.9B	+$816M	42	1.9%	Increased
7	Bank of New York Mellon New York	$13.3B	-$349M	63	3.47%	Reduced
8	Evercore Trust Company New York	$12.6B	-$685M	4	44.35%	Reduced
9	Wellington Management Group Boston, Massachusetts	$12.1B	+$587M	31	3.11%	Increased
10	BlackRock Fund Advisors San Francisco, California	$12.1B	-$756M	58	2.88%	Reduced
11	Massachusetts Financial Services Boston, Massachusetts	$10.9B	-$43.2M	15	5.53%	Reduced
12	Northern Trust Chicago, Illinois	$10.8B	-$253M	63	3.24%	Reduced
13	Capital Research Global Investors Los Angeles, California	$9.61B	+$118M	11	3.29%	Increased
14	JP Morgan Chase New York	$9.23B	-$347M	40	2.1%	Reduced
15	Bank of America Charlotte, North Carolina	$8.06B	+$1B	62	2.71%	Increased
16	Franklin Resources San Mateo, California	$6.85B	-$232M	24	3.11%	Reduced
17	Geode Capital Management Boston, Massachusetts	$6.17B	+$193M	64	3.52%	Increased
18	Wells Fargo San Francisco, California	$5.98B	+$10.5M	67	2.33%	Increased
19	Ameriprise Minneapolis, Minnesota	$5.82B	+$220M	46	3.34%	Increased
20	Invesco Atlanta, Georgia	$5.76B	+$296M	54	2.23%	Increased
21	BlackRock Group London, United Kingdom	$5.68B	-$59.3M	47	3.06%	Reduced
22	Goldman Sachs New York	$5.28B	+$539M	55	1.7%	Increased
23	Morgan Stanley New York	$5.17B	-$513M	74	1.9%	Reduced
24	Longview Asset Management (Illinois) Chicago, Illinois	$4.52B	+$816K	1	97.68%	Increased
25	Dimensional Fund Advisors Austin, Texas	$4.51B	+$476M	64	2.84%	Increased