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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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
326	CAM CGOV Asset Management Toronto, Ontario, Canada	$152M	+$111M	1	5.88%	New
327	Avalon Investment & Advisory Houston, Texas	$151M	-$18.8M	6	5.68%	Reduced
328	Banque Pictet & Cie Geneva 73, Switzerland	$147M	+$18.1M	5	3.79%	Increased
329	HCM Herndon Capital Management Atlanta, Georgia	$146M	-$82.6M	15	7.31%	Reduced
330	Kayne Anderson Rudnick Investment Management Los Angeles, California	$146M	+$1.73M	4	1.82%	Increased
331	Advisors Asset Management Monument, Colorado	$145M	+$407K	35	2.38%	Increased
332	Nomura Asset Management Tokyo, Japan	$145M	-$8.17M	14	2.6%	Reduced
333	Saturna Capital Bellingham, Washington	$144M	$0	6	4.68%	Maintained
334	Envestnet Asset Management Chicago, Illinois	$142M	-$45M	42	0.55%	Reduced
335	Mutual of America Capital Management New York	$142M	+$3.76M	29	2.84%	Increased
336	Perkins Investment Management Chicago, Illinois	$141M	+$5.24M	5	1.95%	Increased
337	Welch & Forbes Boston, Massachusetts	$140M	-$2.05M	8	4.84%	Reduced
338	Scotia Capital Toronto, Ontario, Canada	$140M	+$10.9M	11	2.56%	Increased
339	Crawford Investment Counsel Atlanta, Georgia	$139M	+$10.9M	11	5.09%	Increased
340	Ingalls & Snyder LLC New York	$139M	-$4.36M	9	7.75%	Reduced
341	Sanders Capital West Palm Beach, Florida	$139M	-$81.8M	1	1.1%	Reduced
342	Utah Retirement Systems Salt Lake City, Utah	$138M	+$194K	23	3.58%	Increased
343	Sarasin & Partners London, United Kingdom	$138M	-$51.3M	4	2.16%	Reduced
344	Ruffer LLP London, United Kingdom	$138M	-$243M	6	8.23%	Reduced
345	HM Payson & Co Portland, Maine	$138M	-$5.44M	9	6.71%	Reduced
346	ArrowMark Colorado Holdings Denver, Colorado	$137M	-$6.38M	11	2.49%	Reduced
347	LMR Partners London, United Kingdom	$136M	+$22.1M	10	12.9%	Increased
348	ELC Edgar Lomax Company Kingstowne, Virginia	$135M	-$34.6K	6	8.38%	Reduced
349	CEP Chicago Equity Partners Chicago, Illinois	$134M	-$275K	18	3.71%	Reduced
350	Baillie Gifford & Co Edinburgh, United Kingdom	$134M	-$1.32M	3	0.21%	Reduced