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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
276	Guggenheim Capital Chicago, Illinois	$226M	+$16.2M	36	1.81%	Increased
277	Employees Retirement System of Texas Austin, Texas	$225M	-$5.73M	25	3.53%	Reduced
278	Mitsubishi UFJ Asset Management Tokyo, Japan	$225M	+$16.5M	32	3.66%	Increased
279	Mutual of America Capital Management New York	$224M	-$9.51M	39	3.12%	Reduced
280	Marsico Capital Management Denver, Colorado	$223M	+$43M	4	8.68%	Increased
281	VVP Vulcan Value Partners Birmingham, Alabama	$222M	+$5.09M	2	1.88%	Increased
282	AustralianSuper Melbourne, Australia	$222M	$0	1	2.1%	Maintained
283	Brown Brothers Harriman & Co New York	$222M	-$19.4M	26	1.48%	Reduced
284	Ladenburg Thalmann Financial Services Miami, Florida	$220M	+$11.6M	66	1.52%	Increased
285	Banque Pictet & Cie Geneva 73, Switzerland	$218M	+$908K	5	4.13%	Increased
286	EULAV Asset Management Sarasota, Florida	$213M	+$8.47M	10	7.87%	Increased
287	GW&K Investment Management Boston, Massachusetts	$213M	+$20.2M	9	2.99%	Increased
288	TPSF Texas Permanent School Fund Austin, Texas	$212M	-$5.93M	38	3.36%	Reduced
289	Haverford Trust Company Radnor, Pennsylvania	$212M	+$4.19M	9	3.72%	Increased
290	AKO Capital London, United Kingdom	$210M	+$38.6M	1	5.12%	Increased
291	MIHAS Maj Invest Holding A/S Copenhagen K, Denmark	$208M	+$1.44M	2	8.37%	Increased
292	Confluence Investment Management St. Louis, Missouri	$208M	+$2.94M	5	3.25%	Increased
293	CIBC World Markets New York	$207M	-$83.5M	14	1.93%	Reduced
294	Markel Group Glen Allen, Virginia	$206M	+$2.44M	6	3.11%	Increased
295	State of Alaska Department of Revenue Juneau, Alaska	$206M	+$57.4M	38	2.78%	Increased
296	Kornitzer Capital Management Shawnee Mission, Kansas	$205M	+$1.96M	14	3.73%	Increased
297	Pinnacle Associates New York	$205M	+$196K	14	4.82%	Increased
298	Gotham Asset Management New York	$203M	-$32.6M	32	3.59%	Reduced
299	Conestoga Capital Advisors Wayne, Pennsylvania	$202M	-$1.86M	4	5.17%	Reduced
300	ACM Atlanta Capital Management Atlanta, Georgia	$202M	+$91.1M	2	0.88%	Increased