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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
251
SAC Capital Advisors
SAC Capital Advisors
Connecticut
$247M +$114M 29 1.28% Increased
252
Tocqueville Asset Management
Tocqueville Asset Management
New York
$243M -$4.4M 28 3.2% Reduced
253
Commerce Bank
Commerce Bank
Missouri
$240M +$2.6M 11 4.08% Increased
254
Viking Global Investors
Viking Global Investors
Connecticut
$240M +$10.1M 1 1.01% Increased
255
Victory Capital Management
Victory Capital Management
Texas
$237M -$60.5M 9 1.61% Reduced
256
OC
Oakmont Corp
California
$236M +$28.6M 3 36.81% Increased
257
KBC Group
KBC Group
Belgium
$236M -$68.4M 28 3.73% Reduced
258
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$236M +$58.1M 28 0.94% Increased
259
SCM
Shapiro Capital Management
Georgia
$236M -$181M 3 6.24% Reduced
260
O'Shaughnessy Asset Management
O'Shaughnessy Asset Management
Connecticut
$233M +$29.5M 24 4.61% Increased
261
Gotham Asset Management
Gotham Asset Management
New York
$225M +$43.8M 30 3.38% Increased
262
APG Asset Management US
APG Asset Management US
New York
$224M -$16.7M 1 2.27% Reduced
263
TSU
TD Securities (USA)
New York
$221M -$18.2M 11 3.93% Reduced
264
Nordea Investment Management
Nordea Investment Management
Sweden
$219M +$30.8M 14 1.02% Increased
265
Great Lakes Advisors
Great Lakes Advisors
Illinois
$218M -$8.67M 10 9.5% Reduced
266
Employees Retirement System of Texas
Employees Retirement System of Texas
Texas
$216M -$7M 21 2.83% Reduced
267
SC
Stralem & Co
New York
$213M -$13.4M 3 6.72% Reduced
268
Brandes Investment Partners
Brandes Investment Partners
California
$210M +$88.8M 1 2.65% Increased
269
Wellcome Trust
Wellcome Trust
United Kingdom
$210M +$7.73M 1 5.16% Increased
270
Teachers Retirement System of the State of Kentucky
Teachers Retirement System of the State of Kentucky
Kentucky
$207M -$13.4M 40 2.44% Reduced
271
CEP
Chicago Equity Partners
Illinois
$206M -$868K 13 5.68% Reduced
272
Wilmington Trust
Wilmington Trust
Delaware
$205M -$4.17M 18 3.52% Reduced
273
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
$203M -$11.1M 11 1.54% Reduced
274
Santa Barbara Asset Management
Santa Barbara Asset Management
California
$202M +$106M 2 4.33% Increased
275
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$202M -$3.13M 12 0.84% Reduced
9 10
11
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