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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	$96.9B	-$1.46B	93	2.47%	Reduced
2	BlackRock New York	$77.7B	-$1.05B	91	2.29%	Reduced
3	State Street Boston, Massachusetts	$67.8B	-$565M	84	3.83%	Reduced
4	Capital Research Global Investors Los Angeles, California	$27.1B	-$3.29B	11	7.73%	Reduced
5	Fidelity Investments Boston, Massachusetts	$26.9B	-$617M	73	2.47%	Reduced
6	Capital International Investors Los Angeles, California	$22.7B	+$375M	14	5.84%	Increased
7	Wellington Management Group Boston, Massachusetts	$19.7B	-$505M	38	3.91%	Reduced
8	Bank of America Charlotte, North Carolina	$19.7B	+$477M	85	2.02%	Increased
9	Geode Capital Management Boston, Massachusetts	$19.1B	-$51.4M	91	2.49%	Reduced
10	Newport Trust Company Washington, District of Columbia	$18.4B	-$742M	4	50.92%	Reduced
11	Morgan Stanley New York	$17.5B	-$769M	95	1.88%	Reduced
12	Capital World Investors Los Angeles, California	$15.7B	+$368M	12	3.25%	Increased
13	T. Rowe Price Associates Baltimore, Maryland	$15.4B	-$1.22B	58	2.3%	Reduced
14	JP Morgan Chase New York	$13.4B	+$305M	79	1.63%	Increased
15	Bank of New York Mellon New York	$10.9B	-$588M	76	2.39%	Reduced
16	Invesco Atlanta, Georgia	$10.9B	-$790M	64	3.03%	Reduced
17	Northern Trust Chicago, Illinois	$9.9B	-$314M	85	1.96%	Reduced
18	Charles Schwab San Francisco, California	$8.93B	-$386M	73	2.71%	Reduced
19	Massachusetts Financial Services Boston, Massachusetts	$8.77B	-$161M	17	3%	Reduced
20	Ameriprise Minneapolis, Minnesota	$7.74B	-$199M	59	2.54%	Reduced
21	Wells Fargo San Francisco, California	$7.62B	-$62.7M	95	2.19%	Reduced
22	Dimensional Fund Advisors Austin, Texas	$6.64B	+$6.6B	73	2.24%	New
23	Dodge & Cox San Francisco, California	$6.59B	-$1.11B	6	4.49%	Reduced
24	Longview Asset Management (Illinois) Chicago, Illinois	$6.46B	+$112K	1	96.26%	Increased
25	Nuveen Charlotte, North Carolina	$6.45B	+$125M	62	2.4%	Increased