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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
51
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.89B -$41.5M 13 5.66% Reduced
52
Janus Henderson Investors US
Janus Henderson Investors US
Colorado
$1.85B -$136M 22 1.84% Reduced
53
Charles Schwab
Charles Schwab
California
$1.82B +$50.9M 48 3.71% Increased
54
Prudential Financial
Prudential Financial
New Jersey
$1.81B +$14.3M 43 3.84% Increased
55
Carlyle Group
Carlyle Group
District of Columbia
$1.77B $0 1 14.01% Maintained
56
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$1.74B -$50.8M 15 3.77% Reduced
57
UBS
UBS
Switzerland
$1.74B +$141M 67 1.78% Increased
58
Fisher Asset Management
Fisher Asset Management
Washington
$1.71B +$253M 11 4.22% Increased
59
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.55B +$60.3M 11 4.47% Increased
60
Primecap Management
Primecap Management
California
$1.53B +$11.4M 5 2.01% Increased
61
First Eagle Investment Management
First Eagle Investment Management
New York
$1.49B -$54.5M 8 4.33% Reduced
62
BlackRock
BlackRock
New York
$1.47B +$12.7M 47 2.77% Increased
63
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.43B -$51.2M 37 3.92% Reduced
64
LSV Asset Management
LSV Asset Management
Illinois
$1.4B -$63.7M 28 3.58% Reduced
65
Harris Associates
Harris Associates
Illinois
$1.38B -$1.02B 6 2.69% Reduced
66
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.31B +$2.1M 17 3.5% Increased
67
HSBC Holdings
HSBC Holdings
United Kingdom
$1.31B -$113M 20 3.58% Reduced
68
Putnam Investments
Putnam Investments
Massachusetts
$1.31B -$137M 24 3.5% Reduced
69
Epoch Investment Partners
Epoch Investment Partners
New York
$1.31B +$199M 9 5.84% Increased
70
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.25B +$37.1M 49 3.72% Increased
71
Principal Financial Group
Principal Financial Group
Iowa
$1.22B +$152M 42 2.51% Increased
72
Teachers Advisors
Teachers Advisors
New York
$1.18B +$32M 46 2.94% Increased
73
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.16B -$16M 49 3.59% Reduced
74
TD Asset Management
TD Asset Management
Ontario, Canada
$1.15B +$71.1M 23 2.29% Increased
75
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.15B -$36.5M 44 3.71% Reduced