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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
Commerce Bank
Commerce Bank
Missouri
$484M +$10.1M 28 3.09% Increased
227
Zurich Cantonal Bank
Zurich Cantonal Bank
Switzerland
$483M +$2.69M 52 1.39% Increased
228
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$483M -$5.63M 28 2.08% Reduced
229
MetLife Investment Management
MetLife Investment Management
New Jersey
$483M +$33.7M 61 2.61% Increased
230
Allianz Asset Management
Allianz Asset Management
Germany
$479M +$50.9M 35 0.63% Increased
231
Silvercrest Asset Management
Silvercrest Asset Management
New York
$477M +$8.34M 28 3.41% Increased
232
Haverford Trust Company
Haverford Trust Company
Pennsylvania
$475M -$5.25M 10 4.78% Reduced
233
Fred Alger Management
Fred Alger Management
New York
$474M -$88.5M 9 2.7% Reduced
234
Cullen Capital Management
Cullen Capital Management
New York
$470M -$2.65M 5 5.42% Reduced
235
Heard Capital LLC
Heard Capital LLC
Illinois
$468M +$3.95M 4 27.78% Increased
236
Driehaus Capital Management
Driehaus Capital Management
Illinois
$468M -$111M 15 4.51% Reduced
237
Creative Planning
Creative Planning
Kansas
$460M +$37.4M 59 0.43% Increased
238
CF
Corebridge Financial
Texas
$459M -$14.8M 65 2.64% Reduced
239
ING Group
ING Group
Netherlands
$457M -$168M 17 3.17% Reduced
240
Rathbones Group
Rathbones Group
United Kingdom
$448M +$19.9M 12 2.17% Increased
241
Nisa Investment Advisors
Nisa Investment Advisors
Missouri
$446M -$85.7M 63 2.23% Reduced
242
Resona Asset Management
Resona Asset Management
Japan
$445M +$32.3M 21 2.57% Increased
243
Yacktman Asset Management
Yacktman Asset Management
Texas
$443M -$41.4M 5 5.82% Reduced
244
VVP
Vulcan Value Partners
Alabama
$442M +$8.87M 2 8.29% Increased
245
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
$439M +$22.8M 20 2.2% Increased
246
Arizona State Retirement System
Arizona State Retirement System
Arizona
$439M +$7.15M 53 2.79% Increased
247
Verition Fund Management
Verition Fund Management
Connecticut
$438M -$6.04M 54 2.04% Reduced
248
Homestead Advisers
Homestead Advisers
Virginia
$433M -$17M 6 10.6% Reduced
249
Woodline Partners
Woodline Partners
California
$423M +$145M 18 2.75% Increased
250
Huntington National Bank
Huntington National Bank
Ohio
$421M -$19.5M 55 3.05% Reduced