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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	$82.8B	+$877M	89	2.33%	Increased
2	BlackRock New York	$67.2B	+$620M	91	2.16%	Increased
3	State Street Boston, Massachusetts	$61.5B	-$1.19B	85	3.69%	Reduced
4	Fidelity Investments Boston, Massachusetts	$20.8B	+$1.48B	73	2.08%	Increased
5	Wellington Management Group Boston, Massachusetts	$20.8B	-$1.62B	40	4.18%	Reduced
6	Capital Research Global Investors Los Angeles, California	$20.2B	+$2.27B	10	6.28%	Increased
7	T. Rowe Price Associates Baltimore, Maryland	$17.9B	-$1.92B	63	2.26%	Reduced
8	Bank of America Charlotte, North Carolina	$17.5B	+$769M	89	2%	Increased
9	Capital International Investors Los Angeles, California	$17B	+$221M	12	4.64%	Increased
10	Geode Capital Management Boston, Massachusetts	$15.9B	+$375M	88	2.33%	Increased
11	Newport Trust Company Washington, District of Columbia	$15.4B	+$918K	4	49.76%	Increased
12	Capital World Investors Los Angeles, California	$14.8B	+$827M	12	3.13%	Increased
13	Morgan Stanley New York	$13.9B	+$3.28B	94	1.8%	Increased
14	JP Morgan Chase New York	$12.1B	-$371M	77	1.68%	Reduced
15	Invesco Atlanta, Georgia	$10.9B	+$1.29B	67	3.29%	Increased
16	Bank of New York Mellon New York	$9.72B	+$273M	77	2.22%	Increased
17	Massachusetts Financial Services Boston, Massachusetts	$8.99B	-$229M	15	3.1%	Reduced
18	Northern Trust Chicago, Illinois	$8.81B	-$21.3M	83	1.89%	Reduced
19	Charles Schwab San Francisco, California	$7.66B	-$24.5M	69	2.66%	Reduced
20	Wells Fargo San Francisco, California	$7.19B	-$395M	94	2.23%	Reduced
21	Ameriprise Minneapolis, Minnesota	$7.09B	+$279M	57	2.47%	Increased
22	Longview Asset Management (Illinois) Chicago, Illinois	$6.65B	$0	1	97.67%	Maintained
23	Dimensional Fund Advisors Austin, Texas	$6B	-$6.9M	70	2.15%	Reduced
24	Franklin Resources San Mateo, California	$5.95B	-$118M	35	2.95%	Reduced
25	Nuveen Charlotte, North Carolina	$5.66B	+$13.3M	63	2.19%	Increased