← All themes

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	$94.8B	+$202M	94	2.33%	Increased
2	BlackRock New York	$76.5B	-$711M	93	2.2%	Reduced
3	State Street Boston, Massachusetts	$62B	-$869M	87	3.44%	Reduced
4	Fidelity Investments Boston, Massachusetts	$26.2B	-$1.54B	75	2.26%	Reduced
5	Capital International Investors Los Angeles, California	$23.4B	+$716M	14	5.93%	Increased
6	Capital Research Global Investors Los Angeles, California	$22.9B	-$1.25B	11	6.32%	Reduced
7	Geode Capital Management Boston, Massachusetts	$19.5B	+$432M	95	2.32%	Increased
8	Wellington Management Group Boston, Massachusetts	$18.4B	+$667M	37	3.69%	Increased
9	Morgan Stanley New York	$17.3B	-$157M	95	1.75%	Reduced
10	Newport Trust Company Washington, District of Columbia	$16.3B	-$481M	5	50.01%	Reduced
11	Bank of America Charlotte, North Carolina	$16.1B	-$846M	84	1.77%	Reduced
12	T. Rowe Price Associates Baltimore, Maryland	$15.3B	+$273M	58	2.24%	Increased
13	Capital World Investors Los Angeles, California	$13.4B	-$351M	12	2.66%	Reduced
14	JP Morgan Chase New York	$13.3B	-$44.5M	92	1.47%	Reduced
15	Invesco Atlanta, Georgia	$9.97B	-$266M	63	2.68%	Reduced
16	Northern Trust Chicago, Illinois	$9.51B	+$294M	86	1.84%	Increased
17	Bank of New York Mellon New York	$8.87B	-$535M	75	1.95%	Reduced
18	Charles Schwab San Francisco, California	$8.47B	+$19.9M	74	2.42%	Increased
19	Massachusetts Financial Services Boston, Massachusetts	$8.32B	-$69.6M	18	2.91%	Reduced
20	Ameriprise Minneapolis, Minnesota	$7.6B	-$91.8M	56	2.49%	Reduced
21	Dimensional Fund Advisors Austin, Texas	$6.56B	-$48.1M	76	2.15%	Reduced
22	Wells Fargo San Francisco, California	$6.5B	-$426M	96	1.9%	Reduced
23	Longview Asset Management (Illinois) Chicago, Illinois	$6.25B	$0	1	96.37%	Maintained
24	Nuveen Charlotte, North Carolina	$5.97B	-$225M	61	2.1%	Reduced
25	Norges Bank Oslo, Norway	$5.82B	+$309M	39	1.18%	Increased