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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
Harding Loevner
Harding Loevner
New Jersey
$270M +$76.8M 3 2.07% Increased
327
APG Asset Management
APG Asset Management
Netherlands
$269M -$57.6M 9 0.84% Reduced
328
Gotham Asset Management
Gotham Asset Management
New York
$267M -$3.84M 39 2.23% Reduced
329
Teachers Retirement System of the State of Kentucky
Teachers Retirement System of the State of Kentucky
Kentucky
$267M +$163K 40 2.41% Increased
330
MC
Maren Capital
Illinois
$266M +$13.3M 2 18.17% Increased
331
Empower Advisory Group
Empower Advisory Group
Colorado
$266M +$16.1M 10 0.87% Increased
332
British Columbia Investment Management
British Columbia Investment Management
British Columbia, Canada
$264M -$39M 18 1.62% Reduced
333
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$264M -$27.1M 2 0.23% Reduced
334
Farallon Capital Management
Farallon Capital Management
California
$259M -$18.8M 1 1.24% Reduced
335
KLP Kapitalforvaltning
KLP Kapitalforvaltning
Norway
$259M +$8.41M 37 1.27% Increased
336
Markel Group
Markel Group
Virginia
$258M +$5M 6 2.29% Increased
337
Swedbank
Swedbank
Sweden
$257M +$96M 4 0.34% Increased
338
Tudor Investment Corp
Tudor Investment Corp
Connecticut
$256M -$8.26M 32 0.85% Reduced
339
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
$252M -$3.5M 9 0.91% Reduced
340
Employees Retirement System of Texas
Employees Retirement System of Texas
Texas
$250M -$6.4M 7 2.27% Reduced
341
Axa
Axa
France
$250M -$54.8M 20 0.82% Reduced
342
Police & Firemen's Retirement System of New Jersey
Police & Firemen's Retirement System of New Jersey
New Jersey
$249M +$2.81M 64 2.51% Increased
343
Groupama Asset Management
Groupama Asset Management
France
$248M +$20.4M 12 4.91% Increased
344
Crawford Investment Counsel
Crawford Investment Counsel
Georgia
$248M -$6.45M 10 4.4% Reduced
345
OMERS Administration Corp
OMERS Administration Corp
Ontario, Canada
$247M +$1.51M 27 2.16% Increased
346
INTECH Investment Management
INTECH Investment Management
Florida
$246M -$55.1M 53 2.54% Reduced
347
Berkshire Hathaway
Berkshire Hathaway
Nebraska
$245M +$21.8M 1 0.09% Increased
348
Trexquant Investment
Trexquant Investment
Connecticut
$245M +$16M 34 2.85% Increased
349
Sequoia Financial Advisors
Sequoia Financial Advisors
Ohio
$243M +$8.24M 31 1.87% Increased
350
Mizuho Markets Americas
Mizuho Markets Americas
New York
$243M -$61.1M 6 4.98% Reduced