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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
326
CIBC World Market
CIBC World Market
Ontario, Canada
$181M -$3.91M 18 0.57% Reduced
327
Zurich Cantonal Bank
Zurich Cantonal Bank
Switzerland
$180M -$14.1M 51 0.89% Reduced
328
Markel Group
Markel Group
Virginia
$179M +$1.28M 6 2.13% Increased
329
TPSF
Texas Permanent School Fund
Texas
$179M -$9.34M 39 2.44% Reduced
330
Channing Capital Management
Channing Capital Management
Illinois
$175M +$12.8M 5 5.15% Increased
331
Schonfeld Strategic Advisors
Schonfeld Strategic Advisors
New York
$174M -$92M 33 1.57% Reduced
332
Rafferty Asset Management
Rafferty Asset Management
New York
$173M -$21.5M 34 1.02% Reduced
333
Mairs & Power Inc
Mairs & Power Inc
Minnesota
$172M -$4.94M 6 1.73% Reduced
334
Crawford Investment Counsel
Crawford Investment Counsel
Georgia
$172M -$9.91M 10 3.33% Reduced
335
Utah Retirement Systems
Utah Retirement Systems
Utah
$171M -$4.76M 26 2.27% Reduced
336
Cincinnati Financial Corp
Cincinnati Financial Corp
Ohio
$170M $0 2 3.77% Maintained
337
Fort Pitt Capital Group
Fort Pitt Capital Group
Pennsylvania
$169M +$14.4M 5 6.32% Increased
338
Rubric Capital Management (New York)
Rubric Capital Management (New York)
New York
$169M +$1.98M 2 6.13% Increased
339
Rathbones Group
Rathbones Group
United Kingdom
$169M +$6.85M 10 1.72% Increased
340
British Columbia Investment Management
British Columbia Investment Management
British Columbia, Canada
$168M -$21.4M 19 1.07% Reduced
341
Letko, Brosseau & Associates
Letko, Brosseau & Associates
Quebec, Canada
$167M -$3.47M 4 2.49% Reduced
342
Employees Retirement System of Texas
Employees Retirement System of Texas
Texas
$167M -$5.38M 23 1.99% Reduced
343
Commonwealth of Pennsylvania Public School Employees Retirement System
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$163M +$4.71M 39 1.61% Increased
344
Alphabet Inc
Alphabet Inc
California
$162M $0 1 5.27% Maintained
345
Reinhart Partners
Reinhart Partners
Wisconsin
$162M +$55.3M 4 7.84% Increased
346
Susquehanna Fundamental Investments
Susquehanna Fundamental Investments
Pennsylvania
$160M +$88.2M 31 3.12% Increased
347
Bradley Foster & Sargent
Bradley Foster & Sargent
Connecticut
$160M +$1.24M 14 3.41% Increased
348
Twin Tree Management
Twin Tree Management
Texas
$159M +$1.2M 16 0.26% Increased
349
Axa
Axa
France
$158M -$1.9M 16 0.45% Reduced
350
SFM
Systematic Financial Management
New Jersey
$157M +$978K 8 4.91% Increased