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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
Fisher Asset Management
Fisher Asset Management
Washington
$1.94B +$30.8M 13 4.13% Increased
52
Prudential Financial
Prudential Financial
New Jersey
$1.93B -$184M 46 3.63% Reduced
53
OppenheimerFunds
OppenheimerFunds
New York
$1.87B -$231M 17 2.06% Reduced
54
HSBC Holdings
HSBC Holdings
United Kingdom
$1.87B +$58.3M 22 3.9% Increased
55
Russell Frank Company
Russell Frank Company
Washington
$1.8B -$85.3M 51 3.19% Reduced
56
Jennison Associates
Jennison Associates
New York
$1.77B -$796M 10 1.64% Reduced
57
BlackRock
BlackRock
New York
$1.75B +$61.5M 51 2.55% Increased
58
Boston Partners
Boston Partners
Massachusetts
$1.7B -$115M 16 2.77% Reduced
59
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$1.7B -$7.76M 16 3.41% Reduced
60
Dodge & Cox
Dodge & Cox
California
$1.68B -$27.7M 4 1.6% Reduced
61
APG Asset Management
APG Asset Management
Netherlands
$1.56B +$148M 18 3.16% Increased
62
Primecap Management
Primecap Management
California
$1.55B -$43M 6 1.66% Reduced
63
Carlyle Group
Carlyle Group
District of Columbia
$1.47B $0 1 12.61% Maintained
64
Principal Financial Group
Principal Financial Group
Iowa
$1.45B +$60.7M 44 2.47% Increased
65
Capital International Investors
Capital International Investors
California
$1.44B +$123M 6 3.51% Increased
66
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.42B +$33.6M 50 3.52% Increased
67
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.42B -$11.6M 39 3.72% Reduced
68
LSV Asset Management
LSV Asset Management
Illinois
$1.37B -$19.9M 27 3% Reduced
69
Aberdeen Asset Management
Aberdeen Asset Management
United Kingdom
$1.35B +$31.1M 15 2.98% Increased
70
VOYA Investment Management
VOYA Investment Management
Georgia
$1.35B -$76.1M 47 3.05% Reduced
71
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.33B +$81.5M 61 1.96% Increased
72
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.32B -$38.3M 15 3.23% Reduced
73
Teachers Advisors
Teachers Advisors
New York
$1.3B +$6.14M 50 2.61% Increased
74
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$1.3B -$8.15M 22 1.73% Reduced
75
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.29B -$371M 16 3.2% Reduced