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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
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$238M -$11.1M 18 2.81% Reduced
277
BCIM
Black Creek Investment Management
Ontario, Canada
$237M +$12.2M 2 8.3% Increased
278
Guggenheim Capital
Guggenheim Capital
Illinois
$236M -$11.6M 29 1.85% Reduced
279
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
$236M +$3.64M 41 1.07% Increased
280
Durable Capital Partners
Durable Capital Partners
Maryland
$235M -$12.3M 1 2.06% Reduced
281
AustralianSuper
AustralianSuper
Australia
$234M +$39.2M 6 1.48% Increased
282
Regions Financial Corp
Regions Financial Corp
Alabama
$234M -$15.1M 19 2.02% Reduced
283
Confluence Investment Management
Confluence Investment Management
Missouri
$232M -$3.03M 5 3.38% Reduced
284
Horizon Kinetics Asset Management
Horizon Kinetics Asset Management
New York
$229M -$3.37M 10 4.93% Reduced
285
HM Payson & Co
HM Payson & Co
Maine
$229M -$1.16M 20 5.14% Reduced
286
MVIP
Mar Vista Investment Partners
California
$228M +$23.4M 3 9.54% Increased
287
Virginia Retirement Systems
Virginia Retirement Systems
Virginia
$226M -$8.51M 14 2.17% Reduced
288
Thompson Siegel & Walmsley
Thompson Siegel & Walmsley
Virginia
$226M +$12.7M 16 3.59% Increased
289
Commonwealth of Pennsylvania Public School Employees Retirement System
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$225M +$11.8M 40 1.77% Increased
290
Brandywine Global Investment Management
Brandywine Global Investment Management
Pennsylvania
$223M +$94.3M 12 1.86% Increased
291
Rathbones Group
Rathbones Group
United Kingdom
$220M +$14.6M 10 2.06% Increased
292
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
$220M -$786K 42 0.28% Reduced
293
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
$219M -$8.91M 14 1.26% Reduced
294
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$219M +$3.33M 29 1.76% Increased
295
Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund
Oregon
$218M +$5.11M 41 2.59% Increased
296
Fort Pitt Capital Group
Fort Pitt Capital Group
Pennsylvania
$218M +$5.66M 4 8.02% Increased
297
Tudor Investment Corp
Tudor Investment Corp
Connecticut
$218M -$18M 32 2.6% Reduced
298
Capital Fund Management (CFM)
Capital Fund Management (CFM)
France
$215M +$89.1M 10 0.87% Increased
299
Conestoga Capital Advisors
Conestoga Capital Advisors
Pennsylvania
$214M -$72K 4 3.39% Reduced
300
Riverbridge Partners
Riverbridge Partners
Minnesota
$212M +$7.56M 2 2.68% Increased