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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
276
Horizon Kinetics Asset Management
Horizon Kinetics Asset Management
New York
$215M +$3.96M 10 3.55% Increased
277
DMC
Deer Management Company
New York
$215M -$35.6M 1 19.79% Reduced
278
DVI
Deccan Value Investors
Connecticut
$215M -$3.26M 1 23.27% Reduced
279
Thompson Siegel & Walmsley
Thompson Siegel & Walmsley
Virginia
$214M -$3.12M 18 3.45% Reduced
280
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
$214M +$6.9M 30 1.11% Increased
281
Zacks Investment Management
Zacks Investment Management
Illinois
$214M +$17.2M 10 2.98% Increased
282
London Company of Virginia
London Company of Virginia
Virginia
$211M -$5.14M 2 1.25% Reduced
283
Ninety One (UK)
Ninety One (UK)
United Kingdom
$209M -$2.33M 1 0.67% Reduced
284
Teachers Retirement System of the State of Kentucky
Teachers Retirement System of the State of Kentucky
Kentucky
$208M +$8.18M 39 2.19% Increased
285
Zurich Cantonal Bank
Zurich Cantonal Bank
Switzerland
$206M -$2.53M 54 1.1% Reduced
286
Holocene Advisors
Holocene Advisors
New York
$202M -$26.2M 18 1.24% Reduced
287
Commonwealth of Pennsylvania Public School Employees Retirement System
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$202M +$25M 39 1.71% Increased
288
SPH
Steel Partners Holdings
New York
$201M -$18.2M 1 37.13% Reduced
289
Markel Group
Markel Group
Virginia
$201M +$22.5M 5 2.69% Increased
290
ExodusPoint Capital Management
ExodusPoint Capital Management
New York
$200M -$9.52M 26 2.9% Reduced
291
PC
Port Capital
Illinois
$200M +$13.8M 4 14.43% Increased
292
Stephens Investment Management Group
Stephens Investment Management Group
Texas
$199M +$30.7M 7 3.6% Increased
293
Durable Capital Partners
Durable Capital Partners
Maryland
$198M +$44.9M 1 2.06% Increased
294
SRIM
Saratoga Research & Investment Management
California
$198M -$20.6M 3 9.8% Reduced
295
Wedge Capital Management
Wedge Capital Management
North Carolina
$197M +$41.7M 17 3.18% Increased
296
Fort Pitt Capital Group
Fort Pitt Capital Group
Pennsylvania
$197M +$4.38M 4 8.04% Increased
297
Pacer Advisors
Pacer Advisors
Pennsylvania
$196M +$97.2M 32 1% Increased
298
Cubist Systematic Strategies
Cubist Systematic Strategies
Connecticut
$193M -$43.1M 57 1.12% Reduced
299
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
$191M -$4.45M 21 0.8% Reduced
300
ACP
Atalan Capital Partners
New York
$191M $0 1 18.08% Maintained