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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	-$2.87B	93	2.3%	Reduced
2	BlackRock New York	$94.9B	-$4.28B	94	2.15%	Reduced
3	State Street Boston, Massachusetts	$73.7B	-$3.38B	88	3.22%	Reduced
4	Fidelity Investments Boston, Massachusetts	$33B	-$3.29B	74	2.12%	Reduced
5	Capital Research Global Investors Los Angeles, California	$31B	-$3.64B	12	6.8%	Reduced
6	Capital International Investors Los Angeles, California	$29.2B	-$5.11B	12	6.01%	Reduced
7	Geode Capital Management Boston, Massachusetts	$25.8B	-$607M	97	2.26%	Reduced
8	Morgan Stanley New York	$24.7B	-$618M	95	1.91%	Reduced
9	Newport Trust Company Washington, District of Columbia	$21.2B	+$2.47B	6	53.27%	Increased
10	Bank of America Charlotte, North Carolina	$19B	+$40M	100	1.68%	Increased
11	JP Morgan Chase New York	$18.4B	+$276M	92	1.51%	Increased
12	T. Rowe Price Associates Baltimore, Maryland	$18.3B	+$1.11B	60	2.19%	Increased
13	Wellington Management Group Boston, Massachusetts	$17.2B	-$1.33B	32	3.08%	Reduced
14	Capital World Investors Los Angeles, California	$17.1B	+$180M	12	2.78%	Increased
15	Invesco Atlanta, Georgia	$13.4B	-$157M	66	2.83%	Reduced
16	Massachusetts Financial Services Boston, Massachusetts	$11.2B	-$53.9M	20	3.45%	Reduced
17	Charles Schwab San Francisco, California	$11.2B	-$290M	74	2.13%	Reduced
18	Northern Trust Chicago, Illinois	$11.1B	-$423M	87	1.86%	Reduced
19	Bank of New York Mellon New York	$10B	-$520M	72	1.9%	Reduced
20	Ameriprise Minneapolis, Minnesota	$9.22B	-$157M	53	2.49%	Reduced
21	Wells Fargo San Francisco, California	$8.48B	+$199M	88	2.05%	Increased
22	Dimensional Fund Advisors Austin, Texas	$8.28B	-$19.4M	72	2.16%	Reduced
23	Norges Bank Oslo, Norway	$8.25B	-$119M	38	1.23%	Reduced
24	Longview Asset Management (Illinois) Chicago, Illinois	$8.15B	-$149K	1	96.53%	Reduced
25	Franklin Resources San Mateo, California	$7.95B	+$392M	47	2.44%	Increased