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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
601
MN Services Vermogensbeheer
MN Services Vermogensbeheer
Netherlands
$90.9M -$1.66M 7 0.64% Reduced
602
Cullen/Frost Bankers
Cullen/Frost Bankers
Texas
$90.5M +$2.53M 24 1.23% Increased
603
Crestwood Advisors Group
Crestwood Advisors Group
Massachusetts
$89.9M +$5.14M 14 1.72% Increased
604
Oberweis Asset Management
Oberweis Asset Management
Illinois
$89.9M +$7.29M 6 4.61% Increased
605
MUFG Securities EMEA
MUFG Securities EMEA
United Kingdom
$89.3M +$44.8M 8 3.21% Increased
606
Varma Mutual Pension Insurance Co
Varma Mutual Pension Insurance Co
Finland
$88.6M -$38M 5 0.7% Reduced
607
RWA Wealth Partners
RWA Wealth Partners
Massachusetts
$88.6M -$155K 8 1.11% Reduced
608
Benjamin Edwards Inc
Benjamin Edwards Inc
Missouri
$88.3M +$71.5M 24 1.29% Increased
609
HB Wealth Management
HB Wealth Management
Georgia
$88.3M -$672K 17 0.95% Reduced
610
Kingsview Wealth Management
Kingsview Wealth Management
Oregon
$88.3M +$5.85M 18 1.86% Increased
611
Empowered Funds
Empowered Funds
Pennsylvania
$88.3M -$27.6M 25 1.39% Reduced
612
Eastern Bank
Eastern Bank
Massachusetts
$88.1M +$44.4M 25 1.58% Increased
613
USS Investment Management
USS Investment Management
United Kingdom
$87.9M +$4.83M 8 0.64% Increased
614
Wilmington Savings Fund Society
Wilmington Savings Fund Society
Delaware
$87.7M +$35.8M 43 1.57% Increased
615
Paradigm Capital Management Inc
Paradigm Capital Management Inc
New York
$87.5M -$2.07M 4 3.89% Reduced
616
SpiderRock Advisors
SpiderRock Advisors
Delaware
$87.4M +$17.1M 18 1.39% Increased
617
BAM
Berkshire Asset Management
Pennsylvania
$87.3M $0 9 4.44% Maintained
618
TAM
Telemark Asset Management
Massachusetts
$87.1M $0 4 8.8% Maintained
619
Bragg Financial Advisors
Bragg Financial Advisors
North Carolina
$87M +$410K 9 3.58% Increased
620
Maryland State Retirement & Pension System
Maryland State Retirement & Pension System
Maryland
$86.4M -$26.4M 40 1.81% Reduced
621
Jump Financial
Jump Financial
Illinois
$85.9M -$47.3M 31 1.75% Reduced
622
FMI
F/M Investments
District of Columbia
$85.7M -$1.16M 9 2.69% Reduced
623
PHK
Point72 Hong Kong
Hong Kong
$85.7M -$26.1M 15 5.84% Reduced
624
Covea Finance
Covea Finance
France
$85.5M -$17M 9 3.75% Reduced
625
Carnegie Investment Counsel
Carnegie Investment Counsel
Ohio
$85.2M -$1.97M 12 2.51% Reduced