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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	$87.2B	+$62.2M	85	2.17%	Increased
2	BlackRock New York	$70.2B	+$819M	87	1.97%	Increased
3	State Street Boston, Massachusetts	$63.4B	-$480M	82	3.35%	Reduced
4	T. Rowe Price Associates Baltimore, Maryland	$23.6B	+$159M	59	2.23%	Increased
5	Fidelity Investments Boston, Massachusetts	$21.4B	+$84.2M	61	1.7%	Increased
6	Wellington Management Group Boston, Massachusetts	$21B	+$61.9M	41	3.57%	Increased
7	Newport Trust Company Washington, District of Columbia	$19.1B	-$224M	4	51.75%	Reduced
8	Capital International Investors Los Angeles, California	$17.4B	+$396M	13	3.99%	Increased
9	Bank of America Charlotte, North Carolina	$17B	+$300M	89	1.75%	Increased
10	Geode Capital Management Boston, Massachusetts	$16.5B	+$462M	83	2.22%	Increased
11	Capital Research Global Investors Los Angeles, California	$14.2B	+$1.9B	12	3.32%	Increased
12	Capital World Investors Los Angeles, California	$13.9B	-$2.08B	13	2.38%	Reduced
13	JP Morgan Chase New York	$11.8B	-$650M	74	1.45%	Reduced
14	Morgan Stanley New York	$11.6B	+$140M	94	1.56%	Increased
15	Northern Trust Chicago, Illinois	$9.98B	-$132M	78	1.77%	Reduced
16	Massachusetts Financial Services Boston, Massachusetts	$9.72B	-$6.27M	16	2.84%	Reduced
17	Bank of New York Mellon New York	$9.61B	+$183M	72	1.88%	Increased
18	Wells Fargo San Francisco, California	$8.31B	-$379M	90	1.83%	Reduced
19	Invesco Atlanta, Georgia	$8.18B	+$355M	65	2.07%	Increased
20	Charles Schwab San Francisco, California	$7.45B	+$182M	66	2.44%	Increased
21	Franklin Resources San Mateo, California	$6.48B	+$43.1M	37	2.44%	Increased
22	Nuveen Charlotte, North Carolina	$6.41B	-$370M	61	1.97%	Reduced
23	Dimensional Fund Advisors Austin, Texas	$6.39B	+$59.6M	70	2.06%	Increased
24	Ameriprise Minneapolis, Minnesota	$6.03B	-$402M	59	1.93%	Reduced
25	Longview Asset Management (Illinois) Chicago, Illinois	$5.89B	$0	1	96.87%	Maintained