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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	$71.1B	+$1.31B	71	3.11%	Increased
2	BlackRock New York	$63.9B	+$1.56B	70	3.04%	Increased
3	State Street Boston, Massachusetts	$61B	+$539M	59	4.91%	Increased
4	Capital World Investors Los Angeles, California	$21.2B	-$3.02B	11	4.59%	Reduced
5	T. Rowe Price Associates Baltimore, Maryland	$20B	-$116M	49	3.25%	Reduced
6	Fidelity Investments Boston, Massachusetts	$17.9B	-$193M	47	2.1%	Reduced
7	Newport Trust Company Washington, District of Columbia	$17.8B	+$16.9B	4	49.51%	New
8	Capital Research Global Investors Los Angeles, California	$15.2B	+$958M	13	4.48%	Increased
9	Bank of America Charlotte, North Carolina	$14.5B	-$2.44B	64	2.43%	Reduced
10	Wellington Management Group Boston, Massachusetts	$12.2B	-$555M	41	2.71%	Reduced
11	Northern Trust Chicago, Illinois	$11.2B	-$327M	68	2.83%	Reduced
12	Bank of New York Mellon New York	$10.7B	-$121M	65	2.83%	Reduced
13	Morgan Stanley New York	$9.8B	-$95.6M	72	2.68%	Reduced
14	Massachusetts Financial Services Boston, Massachusetts	$9.61B	-$231M	21	4.03%	Reduced
15	Geode Capital Management Boston, Massachusetts	$9.44B	+$319M	66	3.21%	Increased
16	JP Morgan Chase New York	$9.06B	+$184M	57	1.91%	Increased
17	Wells Fargo San Francisco, California	$9.02B	-$447M	72	2.61%	Reduced
18	Goldman Sachs New York	$7.83B	+$409M	56	1.87%	Increased
19	Franklin Resources San Mateo, California	$7.71B	+$1.01B	26	3.7%	Increased
20	Longview Asset Management (Illinois) Chicago, Illinois	$6.78B	-$1.23M	1	90.02%	Reduced
21	Ameriprise Minneapolis, Minnesota	$6.05B	-$647M	51	2.76%	Reduced
22	Janus Henderson Group London,	$5.97B	-$76.7M	26	3.63%	Reduced
23	Dimensional Fund Advisors Austin, Texas	$5.51B	+$70M	67	2.28%	Increased
24	Invesco Atlanta, Georgia	$5.2B	-$338M	56	1.88%	Reduced
25	TIAA CREF Investment Management New York	$5.13B	-$532M	51	3.38%	Reduced