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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
26
Longview Asset Management (Illinois)
Longview Asset Management (Illinois)
Illinois
$5.45B +$54.7K 1 96.25% Increased
27
Legal & General Group
Legal & General Group
United Kingdom
$5.4B -$144M 63 2.01% Reduced
28
Goldman Sachs
Goldman Sachs
New York
$5.07B +$532M 74 1.28% Increased
29
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$5.04B +$29.2M 81 1.46% Increased
30
Janus Henderson Group
Janus Henderson Group
$4.93B -$62.1M 29 2.25% Reduced
31
UBS Group
UBS Group
Switzerland
$4.83B -$186M 89 1.6% Reduced
32
Principal Financial Group
Principal Financial Group
Iowa
$4.22B -$23M 49 2.97% Reduced
33
Deutsche Bank
Deutsche Bank
Germany
$3.84B +$554M 70 2.07% Increased
34
ClearBridge Investments
ClearBridge Investments
New York
$3.81B -$44.4M 18 2.84% Reduced
35
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$3.8B -$4.73M 26 4.91% Reduced
36
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$3.77B +$126M 26 2.35% Increased
37
Boston Partners
Boston Partners
Massachusetts
$3.67B +$288M 24 4.92% Increased
38
UBS AM
UBS AM
Illinois
$3.66B +$153M 54 1.62% Increased
39
AllianceBernstein
AllianceBernstein
Tennessee
$3.59B -$18.1M 56 1.57% Reduced
40
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$3.31B +$67M 59 1.9% Increased
41
Swiss National Bank
Swiss National Bank
Switzerland
$3.12B +$50.8M 52 2.08% Increased
42
Dodge & Cox
Dodge & Cox
California
$3.06B +$27.3M 5 2.19% Increased
43
California Public Employees Retirement System
California Public Employees Retirement System
California
$2.93B -$123M 70 2.23% Reduced
44
Macquarie Group
Macquarie Group
Australia
$2.81B -$159M 47 3.97% Reduced
45
Victory Capital Management
Victory Capital Management
Texas
$2.7B +$179M 62 2.77% Increased
46
Aristotle Capital Management
Aristotle Capital Management
California
$2.42B -$115M 4 4.94% Reduced
47
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$2.27B -$122M 63 2.51% Reduced
48
American Century Companies
American Century Companies
Missouri
$2.19B +$90.4M 38 1.61% Increased
49
Citigroup
Citigroup
New York
$2.13B +$139M 73 1.38% Increased
50
VVP
Vulcan Value Partners
Alabama
$2.1B -$141M 4 12.43% Reduced