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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	$54.5B	+$737M	68	3.2%	Increased
2	State Street Boston, Massachusetts	$50.2B	+$842M	59	5.06%	Increased
3	Capital World Investors Los Angeles, California	$21.6B	-$256M	11	5.63%	Reduced
4	BlackRock Institutional Trust San Francisco, California	$21.2B	-$74.9M	61	3.29%	Reduced
5	Fidelity Investments Boston, Massachusetts	$15.7B	-$352M	42	2.09%	Reduced
6	BlackRock Fund Advisors San Francisco, California	$13.9B	+$635M	66	2.85%	Increased
7	Bank of America Charlotte, North Carolina	$13.4B	+$264M	70	2.95%	Increased
8	Wellington Management Group Boston, Massachusetts	$12.3B	-$7.42M	35	3.08%	Reduced
9	Evercore Trust Company New York	$12B	-$521M	5	39.18%	Reduced
10	T. Rowe Price Associates Baltimore, Maryland	$12B	-$1.49B	47	2.41%	Reduced
11	Capital Research Global Investors Los Angeles, California	$11.4B	-$708M	12	3.77%	Reduced
12	Northern Trust Chicago, Illinois	$10.2B	-$45.1M	63	3.17%	Reduced
13	Bank of New York Mellon New York	$9.81B	+$90.6M	62	2.92%	Increased
14	Massachusetts Financial Services Boston, Massachusetts	$8.55B	-$606M	18	4.16%	Reduced
15	JP Morgan Chase New York	$8.36B	+$491M	53	2.06%	Increased
16	Wells Fargo San Francisco, California	$7.27B	+$156M	68	2.68%	Increased
17	Geode Capital Management Boston, Massachusetts	$6.8B	+$189M	64	3.43%	Increased
18	Morgan Stanley New York	$6.57B	-$104M	70	2.24%	Reduced
19	Franklin Resources San Mateo, California	$5.77B	-$63.6M	25	3.02%	Reduced
20	BlackRock Group London, United Kingdom	$5.67B	-$344M	49	2.85%	Reduced
21	Longview Asset Management (Illinois) Chicago, Illinois	$5.17B	+$18.5K	1	88.97%	Increased
22	Janus Henderson Investors US Denver, Colorado	$4.96B	-$167M	25	4.18%	Reduced
23	Goldman Sachs New York	$4.88B	+$180M	61	1.48%	Increased
24	Invesco Atlanta, Georgia	$4.76B	-$128M	53	1.64%	Reduced
25	Ameriprise Minneapolis, Minnesota	$4.73B	-$755M	48	2.65%	Reduced