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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
351	Truist Financial Charlotte, North Carolina	$139M	+$28.1M	18	2.91%	Increased
352	Ingalls & Snyder LLC New York	$139M	-$1.49M	9	8.18%	Reduced
353	HM Payson & Co Portland, Maine	$138M	-$1.42M	10	6.91%	Reduced
354	Employees Provident Fund Board Shah Alam, Malaysia	$138M	+$5.67M	1	5.9%	Increased
355	Cullen Capital Management New York	$137M	-$3.71M	4	4.85%	Reduced
356	Haverford Trust Company Radnor, Pennsylvania	$136M	-$102K	7	3.42%	Reduced
357	CEP Chicago Equity Partners Chicago, Illinois	$136M	-$10.9M	16	3.97%	Reduced
358	Saturna Capital Bellingham, Washington	$136M	+$9.27K	6	4.34%	Increased
359	Scout Investments Kansas City, Missouri	$135M	-$7.8M	9	3.76%	Reduced
360	Norinchukin Bank Tokyo, Japan	$134M	+$6.53M	13	3.26%	Increased
361	Cooke & Bieler Philadelphia, Pennsylvania	$134M	-$336K	3	2.97%	Reduced
362	Kayne Anderson Rudnick Investment Management Los Angeles, California	$133M	+$3.68M	4	2.01%	Increased
363	Scotia Capital Toronto, Ontario, Canada	$133M	-$10.1M	11	2.7%	Reduced
364	Waverton Investment Management London, United Kingdom	$133M	+$1.24M	4	9.95%	Increased
365	ELC Edgar Lomax Company Kingstowne, Virginia	$132M	+$6.51M	6	8.28%	Increased
366	Klingenstein Fields & Co New York	$132M	+$1.31M	5	6.15%	Increased
367	AAM Ardevora Asset Management London, United Kingdom	$131M	+$8.4M	5	5.48%	Increased
368	Egerton Capital (UK) London, United Kingdom	$130M	-$5.41M	1	1.46%	Reduced
369	Banque Pictet & Cie Geneva 73, Switzerland	$130M	+$52.1M	5	3.47%	Increased
370	SCM Snow Capital Management Sewickley, Pennsylvania	$129M	-$5.14M	3	6.09%	Reduced
371	ArrowMark Colorado Holdings Denver, Colorado	$129M	-$37.5M	5	2.61%	Reduced
372	Crawford Investment Counsel Atlanta, Georgia	$129M	+$1.61M	11	5.11%	Increased
373	Oppenheimer & Co New York	$128M	-$2.86M	13	3.8%	Reduced
374	Bradley Foster & Sargent Hartford, Connecticut	$127M	-$4.1M	8	5.71%	Reduced
375	Perkins Investment Management Chicago, Illinois	$127M	+$3.52M	5	1.92%	Increased