← All themes

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	$64.3B	-$630M	78	2.28%	Reduced
2	BlackRock New York	$52.6B	-$142M	76	2.1%	Reduced
3	State Street Boston, Massachusetts	$50.2B	-$681M	63	3.65%	Reduced
4	Capital World Investors Los Angeles, California	$16.6B	-$2.36B	15	4.01%	Reduced
5	T. Rowe Price Associates Baltimore, Maryland	$15.4B	-$1.84B	50	1.94%	Reduced
6	Wellington Management Group Boston, Massachusetts	$14.7B	+$731M	39	3.28%	Increased
7	Newport Trust Company Washington, District of Columbia	$14.4B	+$206M	5	52.69%	Increased
8	Fidelity Investments Boston, Massachusetts	$13.2B	-$2.26B	52	1.45%	Reduced
9	Bank of America Charlotte, North Carolina	$13B	-$94.5M	73	1.97%	Reduced
10	Capital International Investors Los Angeles, California	$12.3B	-$167M	12	4.02%	Reduced
11	Geode Capital Management Boston, Massachusetts	$10.9B	+$373M	73	2.32%	Increased
12	JP Morgan Chase New York	$9.01B	-$112M	70	1.74%	Reduced
13	Northern Trust Chicago, Illinois	$8.33B	+$120M	71	1.97%	Increased
14	Massachusetts Financial Services Boston, Massachusetts	$8B	-$645M	15	3.16%	Reduced
15	Capital Research Global Investors Los Angeles, California	$7.81B	-$2.81B	15	2.47%	Reduced
16	Bank of New York Mellon New York	$7.66B	+$543M	61	2.05%	Increased
17	Wells Fargo San Francisco, California	$6.83B	+$116M	79	1.99%	Increased
18	Morgan Stanley New York	$6.52B	+$505M	76	1.44%	Increased
19	Invesco Atlanta, Georgia	$6B	-$11.5M	57	2.15%	Reduced
20	Nuveen Charlotte, North Carolina	$5.75B	-$107M	57	2.34%	Reduced
21	Charles Schwab San Francisco, California	$4.96B	-$319M	59	2.43%	Reduced
22	Franklin Resources San Mateo, California	$4.87B	-$174M	28	2.51%	Reduced
23	Longview Asset Management (Illinois) Chicago, Illinois	$4.81B	$0	1	96.77%	Maintained
24	Dimensional Fund Advisors Austin, Texas	$4.79B	-$119M	66	2.11%	Reduced
25	Ameriprise Minneapolis, Minnesota	$4.7B	-$200M	54	2.01%	Reduced