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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	+$1.94B	77	2.55%	Increased
2	BlackRock New York	$48.7B	-$1.76B	74	2.38%	Reduced
3	State Street Boston, Massachusetts	$47.5B	-$671M	62	4.15%	Reduced
4	Capital World Investors Los Angeles, California	$17.3B	+$1.34B	12	5.03%	Increased
5	T. Rowe Price Associates Baltimore, Maryland	$17B	-$1.55B	50	2.69%	Reduced
6	Fidelity Investments Boston, Massachusetts	$15.3B	-$1.7B	54	2.12%	Reduced
7	Wellington Management Group Boston, Massachusetts	$13.1B	+$484M	40	3.46%	Increased
8	Newport Trust Company Washington, District of Columbia	$12.2B	+$417M	5	50.25%	Increased
9	Bank of America Charlotte, North Carolina	$12.1B	+$736M	71	2.18%	Increased
10	Capital International Investors Los Angeles, California	$11.4B	+$1.45B	12	4.66%	Increased
11	Geode Capital Management Boston, Massachusetts	$9.71B	+$159M	72	2.53%	Increased
12	Capital Research Global Investors Los Angeles, California	$9.69B	+$1.04B	16	3.8%	Increased
13	JP Morgan Chase New York	$8.2B	+$275M	63	1.93%	Increased
14	Massachusetts Financial Services Boston, Massachusetts	$8.17B	-$11.3M	16	3.89%	Reduced
15	Northern Trust Chicago, Illinois	$7.6B	-$255M	71	2.18%	Reduced
16	Bank of New York Mellon New York	$6.64B	-$87.2M	60	2.2%	Reduced
17	Wells Fargo San Francisco, California	$6.23B	-$385M	78	2.15%	Reduced
18	Invesco Atlanta, Georgia	$5.54B	-$396M	55	2.33%	Reduced
19	Morgan Stanley New York	$5.48B	-$50M	77	1.49%	Reduced
20	Nuveen Charlotte, North Carolina	$5.33B	-$615M	53	2.6%	Reduced
21	Charles Schwab San Francisco, California	$4.83B	+$1.29B	58	2.83%	Increased
22	Franklin Resources San Mateo, California	$4.6B	+$500M	27	3.07%	Increased
23	Ameriprise Minneapolis, Minnesota	$4.53B	-$42.6M	53	2.38%	Reduced
24	Dimensional Fund Advisors Austin, Texas	$4.49B	-$195M	65	2.34%	Reduced
25	Longview Asset Management (Illinois) Chicago, Illinois	$4.26B	-$79.5M	1	95.25%	Reduced