# Portfolio overlap — DFEN vs NATO

Comparing **Direxion Daily Aerospace & Defense Bull 3X Shares** (2026-04-30) and **Themes Transatlantic Defense ETF** (2026-03-31).

- Shared positions: 34
- Direxion Daily Aerospace & Defense Bull 3X Shares covered by Themes Transatlantic Defense ETF: 0.5140225508398348040070878170
- Themes Transatlantic Defense ETF covered by Direxion Daily Aerospace & Defense Bull 3X Shares: 0.5140225508398348040070878170

## Direxion Daily Aerospace & Defense Bull 3X Shares — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DREYFUS GOVT CASH MGMT FUND | 0.200052 |  |
| GENERAL ELECTRIC CO | 0.134410 | ✓ |
| RTX CORP | 0.104466 | ✓ |
| BOEING CO/THE | 0.070908 | ✓ |
| GOLDMAN SACHS FIN GOV 465 INSTITUT | 0.037167 |  |
| GOLDMAN FINL SQ TRSRY INST 506 | 0.035996 |  |
| GENERAL DYNAMICS CORPORATION | 0.033082 | ✓ |
| HOWMET AEROSPACE INC | 0.032836 | ✓ |
| US ULTRA BOND CBT Sep25 | 0.032019 |  |
| TRANSDIGM GROUP INC | 0.031340 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.029919 | ✓ |
| LOCKHEED MARTIN CORP | 0.027115 | ✓ |
| NORTHROP GRUMMAN CORP | 0.026871 | ✓ |
| ROCKET LAB CORP | 0.022614 | ✓ |
| AXON ENTERPRISE INC | 0.018485 | ✓ |
| CURTISS WRIGHT CORPORATION | 0.015480 | ✓ |
| FTAI AVIATION LT | 0.014933 |  |
| WOODWARD INC | 0.012616 |  |
| CARPENTER TECHNOLOGY CORP | 0.012436 |  |
| ATI INC | 0.012315 |  |
| BWX TECHNOLOGIES INC | 0.011536 | ✓ |
| TEXTRON INC | 0.009744 | ✓ |
| HEICO CORP CL A | 0.009449 |  |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.008336 | ✓ |
| KRATOS DEFENSE and SEC SOLTN INC | 0.006787 | ✓ |
| HEICO CORP | 0.006336 | ✓ |
| MOOG INC-CLASS A | 0.004994 | ✓ |
| HEXCEL CORPORATION | 0.004152 | ✓ |
| AEROVIRONMENT INC | 0.003617 | ✓ |
| DREYFUS TRSRY SECURITIES CASH MGMT | 0.003237 |  |
| KARMAN HOLDINGS INC | 0.003042 | ✓ |
| VSE CORP | 0.002882 |  |
| STANDARDAERO INC | 0.002749 |  |
| AAR CORP | 0.002512 | ✓ |
| MERCURY SYSTEMS INC | 0.002430 | ✓ |
| ARCHER AVIATION INC A | 0.002060 | ✓ |
| LEONARDO DRS INC | 0.001828 | ✓ |
| INTUITIVE MACHINES INC A | 0.001662 | ✓ |
| ASTRONICS CORP | 0.001316 | ✓ |
| LOAR HOLDINGS INC | 0.001164 | ✓ |
| DUCOMMUN INC | 0.001138 | ✓ |
| V2X INC | 0.000810 |  |
| RED CAT HOLDINGS INC | 0.000718 |  |
| CADRE HOLDINGS I | 0.000499 | ✓ |
| NATL PRESTO INDS | 0.000431 | ✓ |
| REDWIRE CORP | 0.000416 | ✓ |
| STURM RUGER & CO | 0.000403 |  |
| SMITH & WESSON B | 0.000403 | ✓ |
| BETA TECHNOLOGIES INC | 0.000287 | ✓ |

## Themes Transatlantic Defense ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| RTX CORP | 0.087611 | ✓ |
| GENERAL ELECTRIC CO | 0.074029 | ✓ |
| BOEING CO/THE | 0.070159 | ✓ |
| ROLLS-ROYCE HOLDINGS PLC | 0.058727 |  |
| LOCKHEED MARTIN CORP | 0.057670 | ✓ |
| HONEYWELL INTL INC | 0.053931 |  |
| SAFRAN SA | 0.052413 |  |
| Airbus SE | 0.050814 |  |
| NORTHROP GRUMMAN CORP | 0.047194 | ✓ |
| HOWMET AEROSPACE INC | 0.044519 | ✓ |
| BAE SYSTEMS PLC | 0.042567 |  |
| RHEINMETALL AG | 0.037062 |  |
| GENERAL DYNAMICS CORPORATION | 0.036840 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.031327 | ✓ |
| TRANSDIGM GROUP INC | 0.030960 | ✓ |
| ROCKET LAB CORP | 0.015185 | ✓ |
| AXON ENTERPRISE INC | 0.015119 | ✓ |
| TELEDYNE TECHNOLOGIES INC | 0.013632 |  |
| LEONARDO SPA | 0.012791 |  |
| CURTISS WRIGHT CORPORATION | 0.012371 | ✓ |
| THALES SA | 0.012218 |  |
| FTAI AVIATION LTD | 0.012065 |  |
| SAAB AB-B | 0.009519 |  |
| MTU AERO ENGINES | 0.009329 |  |
| BWX TECHNOLOGIES INC | 0.009115 | ✓ |
| TEXTRON INC | 0.007621 | ✓ |
| BOMBARDIER INC-B | 0.007417 |  |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.007023 | ✓ |
| KRATOS DEFENSE and SEC SOLTN INC | 0.005665 | ✓ |
| HEICO CORP | 0.005403 | ✓ |
| FIRST AM-TR OB-X | 0.004490 |  |
| ASELSAN | 0.004101 |  |
| MELROSE INDUSTRI | 0.004054 |  |
| CRANE CO | 0.004002 |  |
| MOOG INC-CLASS A | 0.003936 | ✓ |
| DASSAULT AVIATION SA | 0.003119 |  |
| HEXCEL CORPORATION | 0.003046 | ✓ |
| KARMAN HOLDINGS INC | 0.002953 | ✓ |
| AEROVIRONMENT INC | 0.002645 | ✓ |
| HENSOLDT AG | 0.002623 |  |
| RENK GROUP AG | 0.002299 |  |
| MIRION TECHNOLOGIES INC-A | 0.002140 |  |
| JOBY AVIATION INC | 0.002077 |  |
| AAR CORP | 0.002031 | ✓ |
| OSI SYSTEMS INC | 0.002015 |  |
| MERCURY SYSTEMS INC | 0.001812 | ✓ |
| AMENTUM HOLDINGS INC | 0.001782 |  |
| QINETIQ GROUP PLC COMMON STOCK | 0.001389 |  |
| ARCHER AVIATION INC A | 0.001327 | ✓ |
| SATELLOGIC INC-A | 0.001190 |  |


## Sources

- N-PORT (fund A) — accession `0001193125-26-287429` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1424958/000119312526287429/0001193125-26-287429-index.htm>
- N-PORT (fund B) — accession `0000894189-26-015965` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1976322/000089418926015965/0000894189-26-015965-index.htm>

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