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
| # | Name | Holding | Trade Value |
Theme Stocks |
% of Portfolio | Status | |
|---|---|---|---|---|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
| $145B | -$669M | 94 | 2.63% | Reduced |
|
| 2 |
BlackRock
New York
| $122B | +$2.78B | 96 | 2.56% | Increased |
|
| 3 |
State Street
Boston,
Massachusetts
| $89.7B | -$384M | 92 | 3.7% | Reduced |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $35.6B | -$639M | 78 | 2.27% | Reduced |
|
| 5 |
Geode Capital Management
Boston,
Massachusetts
| $34.2B | +$886M | 96 | 2.69% | Increased |
|
| 6 |
Capital International Investors
Los Angeles,
California
| $31.3B | +$2.64M | 12 | 6.15% | Increased |
|
| 7 |
Capital Research Global Investors
Los Angeles,
California
| $31B | -$982M | 15 | 6.74% | Reduced |
|
| 8 |
Morgan Stanley
New York
| $29B | +$206M | 105 | 2.07% | Increased |
|
| 9 |
Capital World Investors
Los Angeles,
California
| $24.5B | +$2.47B | 18 | 3.97% | Increased |
|
| 10 |
Bank of America
Charlotte,
North Carolina
| $22.7B | +$928M | 100 | 1.83% | Increased |
|
| 11 |
JP Morgan Chase
New York
| $21.4B | +$339M | 95 | 1.56% | Increased |
|
| 12 |
T. Rowe Price Associates
Baltimore,
Maryland
| $19.8B | -$40.8M | 62 | 2.45% | Reduced |
|
| 13 |
Newport Trust Company
Washington,
District of Columbia
| $18.7B | -$563M | 6 | 47.86% | Reduced |
|
| 14 |
Invesco
Atlanta,
Georgia
| $17.9B | +$225M | 68 | 3.38% | Increased |
|
| 15 |
Northern Trust
Chicago,
Illinois
| $14.2B | -$140M | 87 | 2.11% | Reduced |
|
| 16 |
Wellington Management Group
Boston,
Massachusetts
| $14.2B | -$286M | 37 | 2.73% | Reduced |
|
| 17 |
Charles Schwab
San Francisco,
California
| $13.8B | +$446M | 77 | 2.59% | Increased |
|
| 18 |
Norges Bank
Oslo,
Norway
| $11.1B | +$261M | 38 | 1.56% | Increased |
|
| 19 |
Bank of New York Mellon
New York
| $10.8B | -$523M | 72 | 2.14% | Reduced |
|
| 20 |
UBS Group
Zurich,
Switzerland
| $10.5B | +$363M | 114 | 1.94% | Increased |
|
| 21 |
Massachusetts Financial Services
Boston,
Massachusetts
| $10.4B | -$663M | 21 | 3.45% | Reduced |
|
| 22 |
TCI Fund Management
London,
United Kingdom
| $9.52B | +$309M | 1 | 21.95% | Increased |
|
| 23 |
Goldman Sachs
New York
| $9.52B | +$849M | 85 | 1.54% | Increased |
|
| 24 |
Wells Fargo
San Francisco,
California
| $9.23B | -$133M | 90 | 2.1% | Reduced |
|
| 25 |
Dimensional Fund Advisors
Austin,
Texas
| $9.12B | +$175M | 78 | 2.27% | Increased |
|