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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	$96B	+$1.01B	88	2.61%	Increased
2	BlackRock New York	$76.9B	+$1.81B	92	2.41%	Increased
3	State Street Boston, Massachusetts	$68.7B	-$776M	83	4.04%	Reduced
4	Capital Research Global Investors Los Angeles, California	$27B	+$2.77B	11	8.17%	Increased
5	Fidelity Investments Boston, Massachusetts	$25.5B	+$381M	74	2.53%	Increased
6	Capital International Investors Los Angeles, California	$21.7B	+$953M	13	5.84%	Increased
7	Wellington Management Group Boston, Massachusetts	$21.7B	+$13M	41	4.35%	Increased
8	Bank of America Charlotte, North Carolina	$19.7B	+$233M	93	2.24%	Increased
9	Newport Trust Company Washington, District of Columbia	$19B	-$266M	4	52.75%	Reduced
10	Geode Capital Management Boston, Massachusetts	$18.7B	+$313M	90	2.63%	Increased
11	Morgan Stanley New York	$18.5B	+$2.47B	95	2.1%	Increased
12	Capital World Investors Los Angeles, California	$15.6B	-$137M	11	3.31%	Reduced
13	T. Rowe Price Associates Baltimore, Maryland	$14.6B	-$271M	59	2.35%	Reduced
14	JP Morgan Chase New York	$13.5B	+$40.3M	78	1.78%	Increased
15	Invesco Atlanta, Georgia	$11.3B	-$51.8M	66	3.32%	Reduced
16	Bank of New York Mellon New York	$10.4B	-$558M	75	2.38%	Reduced
17	Northern Trust Chicago, Illinois	$9.94B	-$24.5M	84	2.09%	Reduced
18	Massachusetts Financial Services Boston, Massachusetts	$9.88B	-$468M	15	3.45%	Reduced
19	Charles Schwab San Francisco, California	$9.14B	+$275M	71	2.95%	Increased
20	Ameriprise Minneapolis, Minnesota	$8.06B	-$82.9M	57	2.76%	Reduced
21	Wells Fargo San Francisco, California	$7.86B	+$25.5M	94	2.36%	Increased
22	Longview Asset Management (Illinois) Chicago, Illinois	$7.02B	-$428M	1	97.33%	Reduced
23	Dodge & Cox San Francisco, California	$6.5B	-$89.9M	5	4.46%	Reduced
24	Nuveen Charlotte, North Carolina	$6.24B	-$76.5M	61	2.42%	Reduced
25	Franklin Resources San Mateo, California	$6.04B	-$429M	35	3.14%	Reduced