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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	PIA Piedmont Investment Advisors Durham, North Carolina	$176M	+$1.17M	22	3.75%	Increased
327	SFM Systematic Financial Management Teaneck, New Jersey	$173M	-$66.1M	13	3.52%	Reduced
328	Saturna Capital Bellingham, Washington	$173M	-$13.7M	6	5.59%	Reduced
329	ING Group Amsterdam, Netherlands	$172M	+$79.3M	20	3.32%	Increased
330	Nordea Investment Management Stockholm, Sweden	$172M	+$12M	13	0.41%	Increased
331	Envestnet Asset Management Chicago, Illinois	$172M	-$7.31M	45	0.41%	Reduced
332	Waverton Investment Management London, United Kingdom	$172M	+$2.31M	3	10.67%	Increased
333	BRIM Broad Run Investment Management Arlington, Virginia	$171M	-$152K	1	5.72%	Reduced
334	Jacobs Levy Equity Management Florham Park, New Jersey	$171M	-$11.2M	19	3.32%	Reduced
335	Foresters Investment Management New York	$171M	+$1.19M	12	2.78%	Increased
336	Nomura Holdings Tokyo, Japan	$170M	+$55.6M	16	0.36%	Increased
337	OMC Oak Management Corp Wilton, Connecticut	$169M	$0	1	55.73%	Maintained
338	AAM Ardevora Asset Management London, United Kingdom	$167M	-$52.5M	5	5%	Reduced
339	LCS Levin Capital Strategies New York	$166M	-$73.4M	4	2.81%	Reduced
340	Hermes Investment Management London Uk, United Kingdom	$165M	+$1.39M	5	2.48%	Increased
341	Mitsubishi UFJ Asset Management Tokyo, Japan	$165M	-$16.9M	16	3.89%	Reduced
342	AP Altarock Partners West Palm Beach, Florida	$165M	+$20.1M	1	24.17%	Increased
343	HP Holowesko Partners Nassau, Bahamas	$164M	-$1.39M	3	13.1%	Reduced
344	Scotia Capital Toronto, Ontario, Canada	$163M	+$9.02M	12	2.33%	Increased
345	Markel Group Glen Allen, Virginia	$162M	+$9.34M	8	3.22%	Increased
346	Bradley Foster & Sargent Hartford, Connecticut	$161M	-$5.21M	9	6.14%	Reduced
347	QIM Quantitative Investment Management Charlottesville, Virginia	$161M	+$29M	14	1.83%	Increased
348	Avalon Investment & Advisory Houston, Texas	$160M	-$14.6M	7	5.1%	Reduced
349	Utah Retirement Systems Salt Lake City, Utah	$158M	-$428K	24	3.55%	Reduced
350	MIS Morningstar Investment Services Chicago, Illinois	$157M	+$15M	4	3.43%	Increased