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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	$44B	+$409M	70	3.18%	Increased
2	State Street Boston, Massachusetts	$43.8B	-$493M	56	5.1%	Reduced
3	Capital World Investors Los Angeles, California	$22.3B	-$877M	12	6.56%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$19.1B	-$8.05M	59	3.34%	Reduced
5	Fidelity Investments Boston, Massachusetts	$15.4B	-$433M	40	2.19%	Reduced
6	T. Rowe Price Associates Baltimore, Maryland	$14B	-$857M	45	3.12%	Reduced
7	Evercore Trust Company New York	$11.5B	-$88.3M	5	44.11%	Reduced
8	Bank of America Charlotte, North Carolina	$11.4B	+$4.62B	64	2.84%	Increased
9	Wellington Management Group Boston, Massachusetts	$11.1B	-$771M	31	3.11%	Reduced
10	BlackRock Fund Advisors San Francisco, California	$10.4B	-$299M	60	2.7%	Reduced
11	Bank of New York Mellon New York	$9.76B	-$459M	62	2.99%	Reduced
12	Northern Trust Chicago, Illinois	$9.67B	-$278M	63	3.23%	Reduced
13	Capital Research Global Investors Los Angeles, California	$9.64B	-$53.4M	10	3.45%	Reduced
14	Massachusetts Financial Services Boston, Massachusetts	$8.91B	-$530M	14	4.98%	Reduced
15	JP Morgan Chase New York	$7.53B	-$498M	39	2.01%	Reduced
16	Franklin Resources San Mateo, California	$7.26B	+$1.35B	24	3.58%	Increased
17	Geode Capital Management Boston, Massachusetts	$5.75B	+$61.3M	64	3.49%	Increased
18	Wells Fargo San Francisco, California	$5.64B	-$176M	69	2.36%	Reduced
19	Ameriprise Minneapolis, Minnesota	$5.49B	+$227M	46	3.4%	Increased
20	BlackRock Group London, United Kingdom	$5.24B	+$111M	50	3.07%	Increased
21	Invesco Atlanta, Georgia	$5.06B	-$357M	54	2.15%	Reduced
22	Morgan Stanley New York	$4.67B	-$204M	70	1.72%	Reduced
23	Longview Asset Management (Illinois) Chicago, Illinois	$4.6B	$0	1	98.3%	Maintained
24	Goldman Sachs New York	$4.17B	-$22.7M	56	1.41%	Reduced
25	Barrow, Hanley, Mewhinney & Strauss Dallas, Texas	$4.04B	+$1.05B	13	6.21%	Increased