← 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	$86.3B	-$83.4M	88	1.96%	Reduced
2	BlackRock New York	$70.1B	+$162M	90	1.78%	Increased
3	State Street Boston, Massachusetts	$63.1B	-$517M	84	2.99%	Reduced
4	T. Rowe Price Associates Baltimore, Maryland	$23.4B	+$442M	60	2.1%	Increased
5	Wellington Management Group Boston, Massachusetts	$21.4B	-$43.4M	40	3.42%	Reduced
6	Fidelity Investments Boston, Massachusetts	$20.5B	-$713M	62	1.51%	Reduced
7	Newport Trust Company Washington, District of Columbia	$18.3B	-$105M	4	49.31%	Reduced
8	Bank of America Charlotte, North Carolina	$17.1B	-$85.4M	94	1.66%	Reduced
9	Capital International Investors Los Angeles, California	$16.7B	-$1.1B	12	3.54%	Reduced
10	Geode Capital Management Boston, Massachusetts	$16.5B	+$209M	87	1.99%	Increased
11	Capital Research Global Investors Los Angeles, California	$16.3B	+$2.34B	10	3.59%	Increased
12	Capital World Investors Los Angeles, California	$13B	-$964M	13	2.05%	Reduced
13	Morgan Stanley New York	$11.9B	+$414M	97	1.46%	Increased
14	JP Morgan Chase New York	$11.8B	-$250M	79	1.37%	Reduced
15	Bank of New York Mellon New York	$9.97B	+$327M	74	1.8%	Increased
16	Northern Trust Chicago, Illinois	$9.81B	-$121M	82	1.61%	Reduced
17	Massachusetts Financial Services Boston, Massachusetts	$9.61B	-$251M	14	2.63%	Reduced
18	Invesco Atlanta, Georgia	$8.41B	+$9.73M	65	2.03%	Increased
19	Charles Schwab San Francisco, California	$7.7B	+$187M	69	2.27%	Increased
20	Wells Fargo San Francisco, California	$7.17B	-$1.19B	94	1.79%	Reduced
21	Ameriprise Minneapolis, Minnesota	$6.55B	+$436M	58	1.81%	Increased
22	Franklin Resources San Mateo, California	$6.48B	-$21.7M	39	2.34%	Reduced
23	Dimensional Fund Advisors Austin, Texas	$6.45B	-$142M	70	1.95%	Reduced
24	Nuveen Charlotte, North Carolina	$6.34B	-$61.4M	61	1.87%	Reduced
25	Longview Asset Management (Illinois) Chicago, Illinois	$6.26B	$0	1	96.9%	Maintained