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
| $211B | +$2.1B | 100 | 3.05% | Increased |
|
| 2 |
BlackRock
New York
| $182B | +$5.32B | 104 | 3.08% | Increased |
|
| 3 |
State Street
Boston,
Massachusetts
| $120B | +$1.12B | 99 | 4.03% | Increased |
|
| 4 |
Fidelity Investments
Boston,
Massachusetts
| $53.5B | +$465M | 84 | 2.73% | Increased |
|
| 5 |
Geode Capital Management
Boston,
Massachusetts
| $49.9B | +$728M | 104 | 3.08% | Increased |
|
| 6 |
Morgan Stanley
New York
| $38.4B | -$76.5M | 110 | 2.29% | Reduced |
|
| 7 |
Invesco
Atlanta,
Georgia
| $37.7B | +$12.5B | 74 | 3.56% | Increased |
|
| 8 |
Capital International Investors
Los Angeles,
California
| $37.3B | -$2.68B | 13 | 5.84% | Reduced |
|
| 9 |
Capital World Investors
Los Angeles,
California
| $31.5B | -$1.23B | 20 | 4.28% | Reduced |
|
| 10 |
Capital Research Global Investors
Los Angeles,
California
| $30B | -$3.25B | 15 | 5.53% | Reduced |
|
| 11 |
Bank of America
Charlotte,
North Carolina
| $29.3B | -$1.5B | 108 | 2.13% | Reduced |
|
| 12 |
JP Morgan Chase
New York
| $28.5B | -$1.79B | 95 | 1.79% | Reduced |
|
| 13 |
T. Rowe Price Associates
Baltimore,
Maryland
| $25.2B | -$2.12B | 71 | 2.72% | Reduced |
|
| 14 |
Newport Trust Company
Washington,
District of Columbia
| $20.3B | -$481M | 6 | 48.53% | Reduced |
|
| 15 |
Northern Trust
Chicago,
Illinois
| $19.7B | -$356M | 98 | 2.51% | Reduced |
|
| 16 |
Charles Schwab
San Francisco,
California
| $19.6B | +$199M | 79 | 3.04% | Increased |
|
| 17 |
Norges Bank
Oslo,
Norway
| $19.1B | +$18.8B | 38 | 2.05% | New |
|
| 18 |
TCI Fund Management
London,
United Kingdom
| $14.6B | $0 | 1 | 27.28% | Maintained |
|
| 19 |
Goldman Sachs
New York
| $14.6B | -$391M | 95 | 1.79% | Reduced |
|
| 20 |
Bank of New York Mellon
New York
| $14.5B | -$43M | 81 | 2.55% | Reduced |
|
| 21 |
Franklin Resources
San Mateo,
California
| $12.6B | -$197M | 60 | 3.1% | Reduced |
|
| 22 |
UBS Group
Zurich,
Switzerland
| $12.6B | -$161M | 114 | 2.04% | Reduced |
|
| 23 |
Dimensional Fund Advisors
Austin,
Texas
| $12.6B | +$127M | 79 | 2.64% | Increased |
|
| 24 |
Wellington Management Group
Boston,
Massachusetts
| $12.4B | -$2.75B | 41 | 2.17% | Reduced |
|
| 25 |
Massachusetts Financial Services
Boston,
Massachusetts
| $12.3B | -$592M | 27 | 3.96% | Reduced |
|