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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
301
State of Alaska Department of Revenue
State of Alaska Department of Revenue
Alaska
$143M +$12.1M 38 2.26% Increased
302
Artemis Investment Management
Artemis Investment Management
United Kingdom
$143M -$93.9M 6 0.24% Reduced
303
Man Group
Man Group
United Kingdom
$142M -$240M 26 0.92% Reduced
304
Horizon Kinetics Asset Management
Horizon Kinetics Asset Management
New York
$140M +$12.2M 12 6.22% Increased
305
Brown Brothers Harriman & Co
Brown Brothers Harriman & Co
New York
$139M +$8.35M 22 1.14% Increased
306
HM Payson & Co
HM Payson & Co
Maine
$139M +$23.5M 17 5.47% Increased
307
Virginia Retirement Systems
Virginia Retirement Systems
Virginia
$136M -$3.47M 28 1.88% Reduced
308
Platinum Equity Advisors
Platinum Equity Advisors
California
$136M +$203M 1 9.4% New
309
United Capital Financial Advisors
United Capital Financial Advisors
Texas
$134M +$6.85M 15 1.11% Increased
310
Markel Group
Markel Group
Virginia
$131M +$457K 6 2.46% Increased
311
Mondrian Investment Partners
Mondrian Investment Partners
United Kingdom
$128M -$79.2M 4 4.49% Reduced
312
OP
Oldfield Partners
United Kingdom
$128M +$8.62M 1 16.23% Increased
313
Beutel, Goodman & Co
Beutel, Goodman & Co
Ontario, Canada
$128M -$18.9M 1 1.19% Reduced
314
Teachers Retirement System of the State of Kentucky
Teachers Retirement System of the State of Kentucky
Kentucky
$127M +$11.7M 41 1.79% Increased
315
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
$125M +$26.1M 25 1.2% Increased
316
Advisors Asset Management
Advisors Asset Management
Colorado
$125M -$4.37M 29 2.9% Reduced
317
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
$125M -$2.69M 52 2.56% Reduced
318
TPI
Tesco Pension Investment
United Kingdom
$125M -$36.7M 2 3.8% Reduced
319
Arizona State Retirement System
Arizona State Retirement System
Arizona
$124M -$56.2M 41 2.13% Reduced
320
Marshall Wace
Marshall Wace
United Kingdom
$122M +$43.5M 24 1.22% Increased
321
Utah Retirement Systems
Utah Retirement Systems
Utah
$121M -$1.29M 24 2.61% Reduced
322
Swiss Life Asset Management
Swiss Life Asset Management
$120M +$17.9M 11 2.29% Increased
323
EIP
Easterly Investment Partners
Massachusetts
$120M -$30.6M 3 5.33% Reduced
324
Zacks Investment Management
Zacks Investment Management
Illinois
$120M +$35.3M 17 2.93% Increased
325
Pinnacle Associates
Pinnacle Associates
New York
$119M -$16M 13 3.62% Reduced