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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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
226	Abrams Capital Management Boston, Massachusetts	$343M	$0	1	7.53%	Maintained
227	APG Asset Management Amsterdam, Netherlands	$336M	+$5.74M	11	0.57%	Increased
228	Public Sector Pension Investment Board (PSP Investments) Montreal, Quebec, Canada	$331M	+$7.51M	28	1.78%	Increased
229	Pictet Asset Management (Switzerland) Geneva 73, Switzerland	$330M	-$64M	33	0.33%	Reduced
230	Beutel, Goodman & Co Toronto, Ontario, Canada	$330M	+$68.3M	2	1.88%	Increased
231	Squarepoint New York	$329M	+$112M	52	0.87%	Increased
232	Arrowstreet Capital Boston, Massachusetts	$324M	+$132M	23	0.4%	Increased
233	M&T Bank Buffalo, New York	$322M	-$5.32M	33	1.35%	Reduced
234	Capital Group Private Client Services Los Angeles, California	$320M	-$15.8M	9	3.42%	Reduced
235	Davenport & Co Richmond, Virginia	$319M	+$64.1M	15	2.1%	Increased
236	Mariner Overland Park, Kansas	$318M	+$51.3M	15	1.34%	Increased
237	AIM Allen Investment Management New York	$315M	+$13.7M	6	3.95%	Increased
238	Anchor Capital Advisors Boston, Massachusetts	$315M	-$11.5M	13	6.23%	Reduced
239	Commerce Bank Kansas City, Missouri	$311M	-$47.9M	24	2.04%	Reduced
240	Nomura Asset Management Tokyo, Japan	$310M	+$4.91M	20	1.56%	Increased
241	Teacher Retirement System of Texas Austin, Texas	$306M	-$88.1M	47	1.37%	Reduced
242	Silvercrest Asset Management New York	$305M	-$44.6M	18	1.93%	Reduced
243	Conestoga Capital Advisors Wayne, Pennsylvania	$304M	+$34.6M	3	3.96%	Increased
244	SAM Southeastern Asset Management Memphis, Tennessee	$299M	+$59.6M	1	5.02%	Increased
245	Ninety One (UK) London, United Kingdom	$298M	-$42M	3	0.71%	Reduced
246	Lazard Frères Gestion Paris, France	$297M	-$6.51M	3	8.04%	Reduced
247	Amalgamated Bank New York	$297M	+$1.36M	50	2.2%	Increased
248	Itau Unibanco Holding S.A. Sao Paulo, Brazil	$284M	-$3.8M	9	8.56%	Reduced
249	Guggenheim Capital Chicago, Illinois	$284M	+$4.27M	41	1.48%	Increased
250	Janney Montgomery Scott Philadelphia, Pennsylvania	$283M	+$13M	32	1.1%	Increased