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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	$85.4B	+$1.73B	84	2.31%	Increased
2	BlackRock New York	$71.4B	+$782M	85	2.1%	Increased
3	State Street Boston, Massachusetts	$63.5B	+$1.55B	71	3.64%	Increased
4	T. Rowe Price Associates Baltimore, Maryland	$23.5B	+$609M	58	2.35%	Increased
5	Newport Trust Company Washington, District of Columbia	$21.8B	-$857M	4	54.31%	Reduced
6	Fidelity Investments Boston, Massachusetts	$20.4B	+$2.17B	57	1.74%	Increased
7	Wellington Management Group Boston, Massachusetts	$20.2B	-$72.3M	46	3.56%	Reduced
8	Capital World Investors Los Angeles, California	$17.8B	-$2.38B	13	3.29%	Reduced
9	Bank of America Charlotte, North Carolina	$16.5B	+$510M	87	1.85%	Increased
10	Capital International Investors Los Angeles, California	$15.7B	-$142M	13	3.97%	Reduced
11	Geode Capital Management Boston, Massachusetts	$15.4B	+$470M	82	2.36%	Increased
12	JP Morgan Chase New York	$12.4B	-$870M	71	1.65%	Reduced
13	Capital Research Global Investors Los Angeles, California	$11.3B	+$610M	12	2.77%	Increased
14	Morgan Stanley New York	$10.9B	+$184M	88	1.61%	Increased
15	Northern Trust Chicago, Illinois	$10.4B	-$199M	78	1.94%	Reduced
16	Bank of New York Mellon New York	$10B	+$45.1M	72	2.04%	Increased
17	Massachusetts Financial Services Boston, Massachusetts	$9.85B	-$254M	17	3.03%	Reduced
18	Wells Fargo San Francisco, California	$8.88B	-$15.5M	89	2%	Reduced
19	Invesco Atlanta, Georgia	$7.64B	+$500M	66	2.04%	Increased
20	Charles Schwab San Francisco, California	$7.21B	+$649M	67	2.64%	Increased
21	Nuveen Charlotte, North Carolina	$6.61B	-$291M	62	2.1%	Reduced
22	Dimensional Fund Advisors Austin, Texas	$6.5B	-$60.8M	69	2.15%	Reduced
23	Ameriprise Minneapolis, Minnesota	$6.39B	+$614M	59	2.12%	Increased
24	Franklin Resources San Mateo, California	$6.24B	-$758M	30	2.54%	Reduced
25	Norges Bank Oslo, Norway	$5.68B	-$128M	41	1.3%	Reduced