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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
Holocene Advisors
Holocene Advisors
New York
$339M -$119M 23 2.12% Reduced
227
M&T Bank
M&T Bank
New York
$338M -$11.1M 32 1.46% Reduced
228
Rothschild & Co Asset Management US
Rothschild & Co Asset Management US
Connecticut
$336M +$7.24M 7 4.15% Increased
229
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$334M +$21.1M 27 2.11% Increased
230
Commerce Bank
Commerce Bank
Missouri
$334M +$13.7M 25 2.54% Increased
231
MIHAS
Maj Invest Holding A/S
Denmark
$330M +$8.96M 1 5.65% Increased
232
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$329M -$92.5M 9 0.18% Reduced
233
Haverford Trust Company
Haverford Trust Company
Pennsylvania
$328M +$7.89M 8 4.2% Increased
234
Laurion Capital Management
Laurion Capital Management
New York
$325M +$268M 12 1.76% Increased
235
PIM
Platinum Investment Management
Australia
$324M -$76.7M 2 7.22% Reduced
236
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$323M +$82.3M 19 1.12% Increased
237
London Company of Virginia
London Company of Virginia
Virginia
$321M +$18.7M 4 1.84% Increased
238
Nisa Investment Advisors
Nisa Investment Advisors
Missouri
$320M -$99.4M 49 2.03% Reduced
239
CI Investments Inc
CI Investments Inc
Ontario, Canada
$318M +$28.9M 21 1.34% Increased
240
Abrams Capital Management
Abrams Capital Management
Massachusetts
$317M $0 1 7.14% Maintained
241
Cullen Capital Management
Cullen Capital Management
New York
$314M +$216M 8 3.4% Increased
242
NIG
NFJ Investment Group
Texas
$310M +$297M 13 6.23% New
243
CBT
Capital Bank & Trust
California
$310M -$3.38M 11 3.68% Reduced
244
WCM Investment Management
WCM Investment Management
California
$307M +$9.75M 10 0.84% Increased
245
Conestoga Capital Advisors
Conestoga Capital Advisors
Pennsylvania
$306M +$43.1M 3 4.61% Increased
246
Nomura Asset Management
Nomura Asset Management
Japan
$306M -$62.3M 19 1.95% Reduced
247
Beutel, Goodman & Co
Beutel, Goodman & Co
Ontario, Canada
$300M -$199M 2 1.88% Reduced
248
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$299M +$51.6M 28 1.92% Increased
249
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$297M +$12.5M 17 3.22% Increased
250
Calamos Advisors
Calamos Advisors
Illinois
$297M +$6.14M 11 1.62% Increased