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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	$90.9B	+$2.5B	85	2.26%	Increased
2	BlackRock New York	$72.6B	-$1.03B	87	2.02%	Reduced
3	State Street Boston, Massachusetts	$66.7B	+$764M	80	3.52%	Increased
4	T. Rowe Price Associates Baltimore, Maryland	$24.3B	-$43.1M	59	2.25%	Reduced
5	Fidelity Investments Boston, Massachusetts	$22.2B	+$1.27B	63	1.74%	Increased
6	Wellington Management Group Boston, Massachusetts	$21.4B	+$107M	43	3.56%	Increased
7	Newport Trust Company Washington, District of Columbia	$20.5B	-$700M	4	51.89%	Reduced
8	Capital International Investors Los Angeles, California	$17.4B	+$486M	12	3.97%	Increased
9	Bank of America Charlotte, North Carolina	$17.3B	+$491M	90	1.8%	Increased
10	Capital World Investors Los Angeles, California	$16.8B	-$1.38B	13	2.85%	Reduced
11	Geode Capital Management Boston, Massachusetts	$16.7B	+$832M	83	2.3%	Increased
12	JP Morgan Chase New York	$12.8B	-$210M	75	1.53%	Reduced
13	Capital Research Global Investors Los Angeles, California	$12.5B	+$544M	12	2.92%	Increased
14	Morgan Stanley New York	$11.9B	+$646M	91	1.57%	Increased
15	Northern Trust Chicago, Illinois	$10.6B	-$172M	78	1.86%	Reduced
16	Massachusetts Financial Services Boston, Massachusetts	$9.98B	-$314M	15	2.91%	Reduced
17	Bank of New York Mellon New York	$9.84B	-$439M	72	1.9%	Reduced
18	Wells Fargo San Francisco, California	$8.87B	-$317M	90	1.94%	Reduced
19	Invesco Atlanta, Georgia	$8.02B	-$65.2M	65	1.97%	Reduced
20	Charles Schwab San Francisco, California	$7.65B	+$243M	66	2.54%	Increased
21	Nuveen Charlotte, North Carolina	$7.02B	+$214M	61	2.09%	Increased
22	Ameriprise Minneapolis, Minnesota	$6.69B	+$98.2M	59	2.07%	Increased
23	Franklin Resources San Mateo, California	$6.67B	+$176M	31	2.55%	Increased
24	Dimensional Fund Advisors Austin, Texas	$6.63B	-$94.6M	70	2.1%	Reduced
25	Norges Bank Oslo, Norway	$5.81B	-$121M	42	1.26%	Reduced