← All themes

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
301	Empower Advisory Group Greenwood Village, Colorado	$267M	+$12.1M	11	0.9%	Increased
302	Horizon Kinetics Asset Management New York	$267M	+$1.93M	10	3.99%	Increased
303	Gateway Investment Advisers Cincinnati, Ohio	$265M	-$3.95M	17	2.92%	Reduced
304	Capital International Inc Los Angeles, California	$263M	-$11.2M	10	3.32%	Reduced
305	Cooke & Bieler Philadelphia, Pennsylvania	$263M	+$35.8M	1	2.38%	Increased
306	Woodline Partners San Francisco, California	$259M	+$7.56M	13	2.18%	Increased
307	NCMU NAYA Capital Management (UK) London, United Kingdom	$258M	+$49M	2	21.62%	Increased
308	JPM JANA Partners Management New York	$257M	+$587K	1	13.33%	Increased
309	AustralianSuper Melbourne, Australia	$256M	-$159M	7	1.27%	Reduced
310	Rafferty Asset Management New York	$255M	+$19.5M	33	0.87%	Increased
311	GA Greenhaven Associates Purchase, New York	$254M	+$2.03M	1	2.98%	Increased
312	PineBridge Investments New York	$254M	+$46.5M	22	1.9%	Increased
313	Fiera Capital (Canada) Montreal, Quebec, Canada	$252M	-$6.73M	9	0.76%	Reduced
314	Beutel, Goodman & Co Toronto, Ontario, Canada	$252M	-$4.63M	2	1.24%	Reduced
315	SRIM Saratoga Research & Investment Management Saratoga, California	$250M	-$10.9M	3	10.96%	Reduced
316	Pacer Advisors Malvern, Pennsylvania	$250M	-$118M	32	0.53%	Reduced
317	Mutual of America Capital Management New York	$249M	-$1.14M	40	2.62%	Reduced
318	Czech National Bank Prague, Czech Republic	$248M	+$28.8M	16	2.5%	Increased
319	CIBC Asset Management Toronto, Ontario, Canada	$247M	+$14.5M	33	0.8%	Increased
320	Healthcare of Ontario Pension Plan (HOOPP) Trust Fund Toronto, Ontario, Canada	$246M	+$157M	22	0.58%	Increased
321	Sumitomo Mitsui DS Asset Management Tokyo, Japan	$245M	+$10.2M	20	2.64%	Increased
322	Hudson Bay Capital Management Stamford, Connecticut	$245M	+$31.5M	14	0.99%	Increased
323	Vident Advisory Alpharetta, Georgia	$242M	+$36.5M	40	6.09%	Increased
324	Markel Group Glen Allen, Virginia	$240M	-$22.5M	4	2.16%	Reduced
325	Guggenheim Capital Chicago, Illinois	$239M	-$15M	32	1.67%	Reduced