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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

# Name Holding Trade Value Theme
Stocks
% of
Portfolio
Status
226
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$304M -$19.2M 11 2.62% Reduced
227
TPSF
Texas Permanent School Fund
Texas
$302M -$10.9M 39 3.48% Reduced
228
Stockbridge Partners
Stockbridge Partners
Massachusetts
$300M $0 1 16.07% Maintained
229
Winslow Capital Management
Winslow Capital Management
Minnesota
$299M -$270M 1 0.99% Reduced
230
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$298M -$9.39M 29 2.16% Reduced
231
DAC
Dividend Assets Capital
South Carolina
$292M +$5.14M 5 6.44% Increased
232
Two Sigma Investments
Two Sigma Investments
New York
$290M -$247M 35 1.36% Reduced
233
National Pension Service
National Pension Service
South Korea
$288M +$41.2M 11 3.73% Increased
234
FP
FPR Partners
California
$284M $0 1 7.27% Maintained
235
TSU
TD Securities (USA)
New York
$283M +$32.3M 11 3.83% Increased
236
Tiger Global Management
Tiger Global Management
New York
$282M -$294M 1 2.88% Reduced
237
Berkshire Hathaway
Berkshire Hathaway
Nebraska
$281M $0 1 0.26% Maintained
238
Jarislowsky, Fraser Ltd
Jarislowsky, Fraser Ltd
Quebec, Canada
$280M -$3.24M 2 1.91% Reduced
239
AIM
Atlantic Investment Management
New York
$279M -$30.5M 1 19.34% Reduced
240
Alyeska Investment Group
Alyeska Investment Group
Illinois
$278M +$97.4M 8 3.15% Increased
241
PGGM Investments
PGGM Investments
Netherlands
$276M +$10.4M 3 1.43% Increased
242
SFM
Systematic Financial Management
New Jersey
$274M +$106M 18 2.35% Increased
243
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$271M -$8.37M 16 3.11% Reduced
244
Aperio Group
Aperio Group
California
$268M +$27.4M 39 2.76% Increased
245
Suntrust Banks
Suntrust Banks
Georgia
$267M -$3.23M 21 1.72% Reduced
246
Santa Barbara Asset Management
Santa Barbara Asset Management
California
$267M +$4.16M 2 5.37% Increased
247
Kornitzer Capital Management
Kornitzer Capital Management
Kansas
$265M -$41.4M 8 3.59% Reduced
248
Silvercrest Asset Management
Silvercrest Asset Management
New York
$259M +$21.6M 14 3.46% Increased
249
Commerce Bank
Commerce Bank
Missouri
$255M +$3.57M 14 4% Increased
250
KBC Group
KBC Group
Belgium
$252M +$54.1M 32 3.24% Increased