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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
Daiwa Securities Group
Daiwa Securities Group
Japan
$258M +$31.5M 27 1.15% Increased
327
Nissay Asset Management
Nissay Asset Management
Japan
$255M +$17.5M 20 1.56% Increased
328
Employees Retirement System of Texas
Employees Retirement System of Texas
Texas
$255M -$23.4M 4 2.17% Reduced
329
Epoch Investment Partners
Epoch Investment Partners
New York
$255M -$158M 6 1.23% Reduced
330
DCP
Darsana Capital Partners
New York
$253M +$46.1M 1 7.71% Increased
331
SG Americas Securities
SG Americas Securities
New York
$253M +$108M 46 1.04% Increased
332
Farallon Capital Management
Farallon Capital Management
California
$253M +$62.7M 1 1.11% Increased
333
OMERS Administration Corp
OMERS Administration Corp
Ontario, Canada
$252M +$204M 25 2.2% Increased
334
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$250M -$13M 16 2.79% Reduced
335
PineBridge Investments
PineBridge Investments
New York
$246M -$12.7M 21 1.85% Reduced
336
Crawford Investment Counsel
Crawford Investment Counsel
Georgia
$246M +$2.6M 10 4.41% Increased
337
Mutual of America Capital Management
Mutual of America Capital Management
New York
$244M -$6.27M 40 2.62% Reduced
338
Hood River Capital Management
Hood River Capital Management
Florida
$243M -$80.9M 5 3.59% Reduced
339
GA
Greenhaven Associates
New York
$243M +$1.64M 1 3.59% Increased
340
Police & Firemen's Retirement System of New Jersey
Police & Firemen's Retirement System of New Jersey
New Jersey
$241M +$246M 62 2.35% New
341
DFO
Duquesne Family Office
New York
$240M +$65.3M 3 6.46% Increased
342
Local Pensions Partnership Investment
Local Pensions Partnership Investment
United Kingdom
$240M +$260M 1 4.46% New
343
Markel Group
Markel Group
Virginia
$240M +$27.9M 6 2.11% Increased
344
KBC Group
KBC Group
Belgium
$239M +$75.9M 42 0.66% Increased
345
Nordea Investment Management
Nordea Investment Management
Sweden
$239M -$13.6M 7 0.25% Reduced
346
Trexquant Investment
Trexquant Investment
Connecticut
$239M +$78.9M 35 2.78% Increased
347
KLP Kapitalforvaltning
KLP Kapitalforvaltning
Norway
$236M +$235M 34 1.12% New
348
Tocqueville Asset Management
Tocqueville Asset Management
New York
$236M +$2.85M 17 3.7% Increased
349
Capital Fund Management (CFM)
Capital Fund Management (CFM)
France
$236M +$58M 16 0.6% Increased
350
BNP Paribas Asset Management
BNP Paribas Asset Management
France
$234M +$43.7M 17 0.58% Increased