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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
526	WIM Weitz Investment Management Omaha, Nebraska	$65.8M	-$17.1M	1	2.31%	Reduced
527	Kentucky Retirement Systems Frankfort, Kentucky	$65.6M	+$9.95M	11	3.98%	Increased
528	Louisiana State Employees Retirement System Baton Rouge, Louisiana	$64.8M	-$3.37M	37	3.37%	Reduced
529	Todd Asset Management Louisville, Kentucky	$64.8M	+$12.1M	5	1.93%	Increased
530	Jane Street New York	$64.6M	+$40.2M	18	0.36%	Increased
531	DF Dent & Co Baltimore, Maryland	$64.5M	-$1.25M	4	1.88%	Reduced
532	FTIOP Fiduciary Trust International of Pennsylvania Radnor, Pennsylvania	$64.2M	+$4.52M	9	5.44%	Increased
533	Loews Corp New York	$64M	+$11.9M	2	0.53%	Increased
534	Douglass Winthrop Advisors New York	$63.6M	+$14.7M	7	4.59%	Increased
535	Andra AP-fonden Goteborg, Sweden	$63.5M	+$4.04M	12	1.66%	Increased
536	WCMNY Westchester Capital Management (New York) Valhalla, New York	$63M	+$7.36M	1	1.25%	Increased
537	PRCM Pine River Capital Management Minnetonka, Minnesota	$62.9M	+$10M	13	0.92%	Increased
538	Markel Group Glen Allen, Virginia	$62.8M	+$382K	4	1.69%	Increased
539	LMGAM Liberty Mutual Group Asset Management Boston, Massachusetts	$62.7M	-$2.69M	23	2.61%	Reduced
540	GAI General American Investors New York	$62.3M	$0	2	6.44%	Maintained
541	AFG Albion Financial Group Salt Lake City, Utah	$61.7M	-$10.8M	3	10.48%	Reduced
542	Freestone Capital Holdings Seattle, Washington	$61.7M	-$17.6M	12	6.49%	Reduced
543	Wilmington Savings Fund Society Wilmington, Delaware	$61.5M	+$496K	8	3.95%	Increased
544	CBOA Commonwealth Bank of Australia Sydney, NSW, Australia	$61.4M	-$14.2M	18	0.75%	Reduced
545	Gates Capital Management New York	$61.4M	+$5.52M	1	2.31%	Increased
546	Dodge & Cox San Francisco, California	$60.6M	-$6.6M	4	0.06%	Reduced
547	CCM Cadence Capital Management Boston, Massachusetts	$60.6M	-$1.4M	13	4.27%	Reduced
548	SI Sprott Inc Toronto, Ontario, Canada	$60.6M	+$19.9M	2	4.75%	Increased
549	GAMA Graticule Asia Macro Advisors New York	$60.2M	+$46.2M	3	4.71%	Increased
550	ECM Estabrook Capital Management New York	$59.8M	-$4.17M	11	8.85%	Reduced