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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	$120B	+$59M	93	2.37%	Increased
2	BlackRock New York	$96.8B	-$17.7M	94	2.25%	Reduced
3	State Street Boston, Massachusetts	$75.7B	-$440M	87	3.39%	Reduced
4	Fidelity Investments Boston, Massachusetts	$35B	+$167M	76	2.35%	Increased
5	Capital International Investors Los Angeles, California	$32.7B	+$961M	13	6.62%	Increased
6	Capital Research Global Investors Los Angeles, California	$32.3B	-$481M	11	7.31%	Reduced
7	Geode Capital Management Boston, Massachusetts	$25.8B	+$796M	96	2.39%	Increased
8	Morgan Stanley New York	$24.9B	-$783M	95	2%	Reduced
9	Bank of America Charlotte, North Carolina	$19.1B	-$213M	85	1.74%	Reduced
10	Newport Trust Company Washington, District of Columbia	$18.9B	-$31.3M	6	51.25%	Reduced
11	Wellington Management Group Boston, Massachusetts	$18.5B	-$1.36B	33	3.28%	Reduced
12	JP Morgan Chase New York	$17.9B	+$1.1B	94	1.51%	Increased
13	T. Rowe Price Associates Baltimore, Maryland	$16.7B	-$2.52B	60	2.05%	Reduced
14	Capital World Investors Los Angeles, California	$16.4B	-$480M	12	2.71%	Reduced
15	Invesco Atlanta, Georgia	$13.4B	+$468M	64	2.87%	Increased
16	Massachusetts Financial Services Boston, Massachusetts	$11.2B	+$1.11B	19	3.36%	Increased
17	Northern Trust Chicago, Illinois	$11.2B	-$595M	86	1.94%	Reduced
18	Charles Schwab San Francisco, California	$11.2B	+$688M	71	2.59%	Increased
19	Bank of New York Mellon New York	$10.3B	-$382M	69	1.99%	Reduced
20	Ameriprise Minneapolis, Minnesota	$9.31B	-$330M	53	2.56%	Reduced
21	TCI Fund Management London, United Kingdom	$8.22B	+$762M	1	20.72%	Increased
22	Dimensional Fund Advisors Austin, Texas	$8.17B	-$148M	72	2.21%	Reduced
23	Wells Fargo San Francisco, California	$8.1B	+$51.1M	98	1.95%	Increased
24	Norges Bank Oslo, Norway	$8.05B	+$482M	38	1.27%	Increased
25	Longview Asset Management (Illinois) Chicago, Illinois	$7.94B	-$45.9M	1	96.23%	Reduced