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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	$59.9B	+$1.06B	68	3.34%	Increased
2	State Street Boston, Massachusetts	$54.5B	+$582M	58	5.13%	Increased
3	BlackRock Institutional Trust San Francisco, California	$23.3B	+$408M	60	3.44%	Increased
4	Capital World Investors Los Angeles, California	$22.9B	-$601M	11	5.77%	Reduced
5	BlackRock Fund Advisors San Francisco, California	$16.9B	+$1.75B	66	3.12%	Increased
6	Fidelity Investments Boston, Massachusetts	$16.8B	-$160M	44	2.24%	Reduced
7	Bank of America Charlotte, North Carolina	$14.5B	+$161M	62	3.13%	Increased
8	T. Rowe Price Associates Baltimore, Maryland	$14.4B	+$756M	49	2.85%	Increased
9	Capital Research Global Investors Los Angeles, California	$12.5B	-$87.3M	12	4.07%	Reduced
10	Evercore Trust Company New York	$12.1B	-$1.28B	5	38.67%	Reduced
11	Wellington Management Group Boston, Massachusetts	$11.8B	-$1.18B	39	2.97%	Reduced
12	Bank of New York Mellon New York	$10.7B	-$345M	62	3.09%	Reduced
13	Northern Trust Chicago, Illinois	$10.6B	-$358M	63	3.26%	Reduced
14	JP Morgan Chase New York	$8.75B	-$96.4M	56	2.1%	Reduced
15	Massachusetts Financial Services Boston, Massachusetts	$8.09B	-$773M	18	3.96%	Reduced
16	Wells Fargo San Francisco, California	$8.08B	+$163M	66	2.85%	Increased
17	Morgan Stanley New York	$7.94B	+$892M	69	2.6%	Increased
18	Geode Capital Management Boston, Massachusetts	$7.67B	+$315M	64	3.57%	Increased
19	BlackRock Group London, United Kingdom	$6.1B	+$10.6M	49	2.91%	Increased
20	Franklin Resources San Mateo, California	$6.1B	-$89.9M	23	3.16%	Reduced
21	Longview Asset Management (Illinois) Chicago, Illinois	$5.75B	+$18.8K	1	89.13%	Increased
22	Ameriprise Minneapolis, Minnesota	$5.46B	+$339M	48	2.98%	Increased
23	Goldman Sachs New York	$5.22B	-$81.2M	58	1.48%	Reduced
24	Invesco Atlanta, Georgia	$5.14B	-$57.8M	55	1.73%	Reduced
25	TIAA CREF Investment Management New York	$4.83B	-$46.9M	52	3.61%	Reduced