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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	$102B	+$205M	94	2.42%	Increased
2	BlackRock New York	$83.2B	+$1.56B	94	2.29%	Increased
3	State Street Boston, Massachusetts	$69.7B	+$246M	88	3.66%	Increased
4	Fidelity Investments Boston, Massachusetts	$28.9B	+$365M	76	2.42%	Increased
5	Capital Research Global Investors Los Angeles, California	$26.5B	-$2.38B	11	7.09%	Reduced
6	Capital International Investors Los Angeles, California	$24.7B	+$128M	15	5.96%	Increased
7	Geode Capital Management Boston, Massachusetts	$20.6B	+$509M	96	2.42%	Increased
8	Wellington Management Group Boston, Massachusetts	$19.5B	-$513M	36	3.69%	Reduced
9	Morgan Stanley New York	$19.2B	+$841M	96	1.89%	Increased
10	Bank of America Charlotte, North Carolina	$18.3B	-$1.96B	83	1.92%	Reduced
11	Newport Trust Company Washington, District of Columbia	$17.3B	-$1.32B	5	50.45%	Reduced
12	T. Rowe Price Associates Baltimore, Maryland	$15.7B	-$491M	59	2.19%	Reduced
13	Capital World Investors Los Angeles, California	$15B	-$976M	12	2.88%	Reduced
14	JP Morgan Chase New York	$14.7B	+$916M	82	1.6%	Increased
15	Invesco Atlanta, Georgia	$10.8B	-$597M	63	2.84%	Reduced
16	Bank of New York Mellon New York	$10.1B	-$330M	77	2.12%	Reduced
17	Northern Trust Chicago, Illinois	$9.99B	-$371M	87	1.92%	Reduced
18	Charles Schwab San Francisco, California	$9.21B	-$30.1M	76	2.63%	Reduced
19	Massachusetts Financial Services Boston, Massachusetts	$9.04B	+$62.5M	17	2.97%	Increased
20	Ameriprise Minneapolis, Minnesota	$8.29B	+$67.8M	57	2.6%	Increased
21	Wells Fargo San Francisco, California	$7.6B	-$82.2M	98	2.1%	Reduced
22	Dimensional Fund Advisors Austin, Texas	$6.96B	+$21.6M	75	2.22%	Increased
23	Nuveen Charlotte, North Carolina	$6.8B	+$58.4M	61	2.36%	Increased
24	Longview Asset Management (Illinois) Chicago, Illinois	$6.09B	$0	1	96.05%	Maintained
25	Franklin Resources San Mateo, California	$6.08B	+$85M	46	2.89%	Increased