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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	$93B	+$2.67B	88	2.2%	Increased
2	BlackRock New York	$75.4B	+$1.88B	90	2.03%	Increased
3	State Street Boston, Massachusetts	$68.2B	-$668M	84	3.37%	Reduced
4	T. Rowe Price Associates Baltimore, Maryland	$24.3B	+$737M	61	2.45%	Increased
5	Wellington Management Group Boston, Massachusetts	$23.3B	-$614M	40	4%	Reduced
6	Fidelity Investments Boston, Massachusetts	$22.9B	+$1.76B	68	1.83%	Increased
7	Capital Research Global Investors Los Angeles, California	$21.1B	+$3.52B	10	5.22%	Increased
8	Bank of America Charlotte, North Carolina	$18.4B	+$424M	87	1.79%	Increased
9	Newport Trust Company Washington, District of Columbia	$18.3B	-$186M	4	51.35%	Reduced
10	Capital International Investors Los Angeles, California	$17.6B	-$610M	12	4.02%	Reduced
11	Geode Capital Management Boston, Massachusetts	$17.6B	+$305M	88	2.2%	Increased
12	Capital World Investors Los Angeles, California	$14.7B	-$63.4M	12	2.53%	Reduced
13	JP Morgan Chase New York	$13.3B	+$471M	79	1.6%	Increased
14	Morgan Stanley New York	$11.8B	-$581M	97	1.59%	Reduced
15	Invesco Atlanta, Georgia	$10.8B	+$1.76B	65	2.74%	Increased
16	Bank of New York Mellon New York	$10.6B	+$42.6M	75	2.05%	Increased
17	Northern Trust Chicago, Illinois	$10B	-$209M	83	1.77%	Reduced
18	Massachusetts Financial Services Boston, Massachusetts	$9.64B	-$515M	14	2.86%	Reduced
19	Charles Schwab San Francisco, California	$8.5B	+$187M	70	2.55%	Increased
20	Wells Fargo San Francisco, California	$8.24B	+$342M	95	2.11%	Increased
21	Longview Asset Management (Illinois) Chicago, Illinois	$7.25B	+$98.8K	1	97.37%	Increased
22	Ameriprise Minneapolis, Minnesota	$7.24B	+$229M	58	2.14%	Increased
23	Dimensional Fund Advisors Austin, Texas	$6.71B	-$40.6M	69	2.07%	Reduced
24	Franklin Resources San Mateo, California	$6.51B	-$577M	34	2.6%	Reduced
25	Nuveen Charlotte, North Carolina	$6.33B	-$180M	60	2.05%	Reduced