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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	$111B	+$778M	92	2.42%	Increased
2	BlackRock New York	$89.6B	+$680M	92	2.29%	Increased
3	State Street Boston, Massachusetts	$71.7B	+$238M	85	3.49%	Increased
4	Fidelity Investments Boston, Massachusetts	$31.2B	+$633M	75	2.4%	Increased
5	Capital Research Global Investors Los Angeles, California	$28.2B	+$902M	11	6.94%	Increased
6	Capital International Investors Los Angeles, California	$26.6B	-$194M	14	5.97%	Reduced
7	Morgan Stanley New York	$24.1B	+$3.89B	94	2.13%	Increased
8	Geode Capital Management Boston, Massachusetts	$23.1B	+$441M	95	2.42%	Increased
9	Newport Trust Company Washington, District of Columbia	$19.6B	-$470M	5	52.17%	Reduced
10	Wellington Management Group Boston, Massachusetts	$19B	-$1.94B	33	3.55%	Reduced
11	Bank of America Charlotte, North Carolina	$18.5B	-$280M	96	1.87%	Reduced
12	T. Rowe Price Associates Baltimore, Maryland	$18.1B	+$133M	60	2.43%	Increased
13	Capital World Investors Los Angeles, California	$16.6B	+$335M	12	2.96%	Increased
14	JP Morgan Chase New York	$15.4B	+$148M	89	1.48%	Increased
15	Invesco Atlanta, Georgia	$11.6B	+$205M	62	2.77%	Increased
16	Northern Trust Chicago, Illinois	$11B	-$65.2M	86	1.99%	Reduced
17	Bank of New York Mellon New York	$10B	-$184M	72	2.03%	Reduced
18	Charles Schwab San Francisco, California	$9.78B	+$12.8M	72	2.48%	Increased
19	Massachusetts Financial Services Boston, Massachusetts	$9.75B	+$346M	19	3.15%	Increased
20	Ameriprise Minneapolis, Minnesota	$8.89B	+$148M	54	2.66%	Increased
21	Nuveen Charlotte, North Carolina	$7.72B	+$528M	62	2.48%	Increased
22	Wells Fargo San Francisco, California	$7.66B	+$40.3M	95	2%	Increased
23	Dimensional Fund Advisors Austin, Texas	$7.63B	+$83.2M	74	2.23%	Increased
24	Longview Asset Management (Illinois) Chicago, Illinois	$7.34B	-$4.6M	1	96.25%	Reduced
25	Royal Bank of Canada Toronto, Ontario, Canada	$6.61B	+$537M	90	1.54%	Increased