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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
Charles Schwab
Charles Schwab
California
$2.03B -$35.5M 49 3.86% Reduced
52
UBS
UBS
Switzerland
$2.02B +$55.4M 69 1.89% Increased
53
OppenheimerFunds
OppenheimerFunds
New York
$1.98B -$1.08B 15 2.4% Reduced
54
Fisher Asset Management
Fisher Asset Management
Washington
$1.9B +$12.1M 12 4.32% Increased
55
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$1.89B -$89.5M 16 3.92% Reduced
56
Prudential Financial
Prudential Financial
New Jersey
$1.88B -$170M 45 3.73% Reduced
57
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.82B -$275M 15 5.24% Reduced
58
Primecap Management
Primecap Management
California
$1.76B +$27M 7 2.11% Increased
59
BlackRock
BlackRock
New York
$1.74B +$52M 48 2.83% Increased
60
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.71B -$36.1M 13 4.54% Reduced
61
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.58B -$49.1M 39 4.09% Reduced
62
LSV Asset Management
LSV Asset Management
Illinois
$1.53B -$86.8M 26 3.59% Reduced
63
Carlyle Group
Carlyle Group
District of Columbia
$1.53B -$222M 1 10.48% Reduced
64
HSBC Holdings
HSBC Holdings
United Kingdom
$1.47B -$25.5M 20 3.84% Reduced
65
Epoch Investment Partners
Epoch Investment Partners
New York
$1.44B -$47.8M 8 6.1% Reduced
66
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.43B +$6.19M 49 3.87% Increased
67
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.42B -$105M 15 3.49% Reduced
68
Boston Partners
Boston Partners
Massachusetts
$1.41B +$112M 19 2.9% Increased
69
TD Asset Management
TD Asset Management
Ontario, Canada
$1.38B +$70.3M 24 2.57% Increased
70
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.37B +$110M 44 1.87% Increased
71
Teachers Advisors
Teachers Advisors
New York
$1.35B -$272K 49 3.06% Reduced
72
Harris Associates
Harris Associates
Illinois
$1.35B -$193M 6 2.41% Reduced
73
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.3B -$9.1M 47 3.91% Reduced
74
First Eagle Investment Management
First Eagle Investment Management
New York
$1.3B -$419M 10 3.54% Reduced
75
Principal Financial Group
Principal Financial Group
Iowa
$1.29B -$81.1M 43 2.41% Reduced