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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	Vanguard Group Malvern, Pennsylvania	$46.9B	+$525M	69	3.17%	Increased
2	State Street Boston, Massachusetts	$46.7B	-$5.79B	56	5%	Reduced
3	Capital World Investors Los Angeles, California	$24B	-$1.94B	11	6.5%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$20.5B	-$965M	59	3.3%	Reduced
5	Fidelity Investments Boston, Massachusetts	$17.1B	+$2.48B	40	2.19%	Increased
6	T. Rowe Price Associates Baltimore, Maryland	$16.2B	-$72.8M	46	3.33%	Reduced
7	Wellington Management Group Boston, Massachusetts	$12.7B	+$841M	30	3.27%	Increased
8	Evercore Trust Company New York	$12.3B	+$140M	5	44.2%	Increased
9	BlackRock Fund Advisors San Francisco, California	$11.6B	-$262M	60	2.79%	Reduced
10	Bank of New York Mellon New York	$11B	-$479M	62	3.04%	Reduced
11	Northern Trust Chicago, Illinois	$10.7B	+$710K	64	3.22%	Increased
12	Massachusetts Financial Services Boston, Massachusetts	$10.3B	-$142M	15	5.26%	Reduced
13	Capital Research Global Investors Los Angeles, California	$10B	+$457M	10	3.29%	Increased
14	JP Morgan Chase New York	$8.99B	+$22.4M	38	2.12%	Increased
15	Bank of America Charlotte, North Carolina	$7.61B	-$309M	64	2.48%	Reduced
16	Franklin Resources San Mateo, California	$6.39B	-$395M	24	2.9%	Reduced
17	Wells Fargo San Francisco, California	$6.2B	+$326M	67	2.39%	Increased
18	Geode Capital Management Boston, Massachusetts	$6.11B	-$33.4M	61	3.49%	Reduced
19	Invesco Atlanta, Georgia	$5.74B	-$66.2M	54	2.25%	Reduced
20	Ameriprise Minneapolis, Minnesota	$5.63B	-$61.9M	46	3.21%	Reduced
21	BlackRock Group London, United Kingdom	$5.51B	-$166M	47	3%	Reduced
22	Morgan Stanley New York	$5.27B	+$203M	74	1.83%	Increased
23	Longview Asset Management (Illinois) Chicago, Illinois	$4.72B	$0	1	98.07%	Maintained
24	Dimensional Fund Advisors Austin, Texas	$4.57B	+$53.4M	64	2.8%	Increased
25	Goldman Sachs New York	$4.55B	-$725M	57	1.41%	Reduced