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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
Commonwealth of Pennsylvania Public School Employees Retirement System
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$201M -$7.99M 40 1.66% Reduced
302
Holocene Advisors
Holocene Advisors
New York
$198M -$519M 14 0.87% Reduced
303
EULAV Asset Management
EULAV Asset Management
Florida
$195M +$6.39M 5 7.15% Increased
304
Zacks Investment Management
Zacks Investment Management
Illinois
$195M +$16M 12 2.53% Increased
305
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
$193M +$1.78M 38 0.25% Increased
306
Capital Fund Management (CFM)
Capital Fund Management (CFM)
France
$191M -$13.5M 12 0.66% Reduced
307
Riverbridge Partners
Riverbridge Partners
Minnesota
$190M -$4.75M 2 2.59% Reduced
308
Confluence Investment Management
Confluence Investment Management
Missouri
$189M -$13.7M 5 2.92% Reduced
309
MML Investors Services
MML Investors Services
Massachusetts
$187M +$9.22M 34 1.03% Increased
310
Markel Group
Markel Group
Virginia
$187M $0 5 2.26% Maintained
311
HRT Financial
HRT Financial
New York
$187M +$33.5M 32 1.86% Increased
312
TC
TwinBeech Capital
New York
$187M +$43.6M 17 3.59% Increased
313
INTECH Investment Management
INTECH Investment Management
Florida
$186M +$76.5M 25 2.74% Increased
314
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
$184M +$7.31M 23 0.76% Increased
315
Teachers Retirement System of the State of Kentucky
Teachers Retirement System of the State of Kentucky
Kentucky
$183M -$6.44M 39 1.85% Reduced
316
Capital Wealth Planning
Capital Wealth Planning
Florida
$182M -$40.7M 4 2.24% Reduced
317
BCPEMI
Bain Capital Public Equity Management II
Massachusetts
$181M +$19.9M 2 8.69% Increased
318
Slate Path Capital
Slate Path Capital
New York
$179M +$56M 2 5% Increased
319
WorldQuant Millennium Advisors
WorldQuant Millennium Advisors
New York
$179M +$63.3M 12 2.76% Increased
320
DMC
Deer Management Company
New York
$178M -$49.5M 1 21.75% Reduced
321
PineBridge Investments
PineBridge Investments
New York
$178M +$33M 18 1.97% Increased
322
Cerity Partners
Cerity Partners
New York
$176M -$92.3M 21 0.86% Reduced
323
SRIM
Saratoga Research & Investment Management
California
$175M +$23.7M 3 8.52% Increased
324
JPM
JANA Partners Management
New York
$175M +$174M 1 12.45% New
325
UniSuper Management
UniSuper Management
Australia
$174M +$7.11M 20 2.13% Increased