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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
Prudential Financial
Prudential Financial
New Jersey
$2.11B +$146M 45 3.65% Increased
52
Fisher Asset Management
Fisher Asset Management
Washington
$2.02B +$12.2M 13 4.04% Increased
53
BlackRock
BlackRock
New York
$1.96B +$145M 51 2.71% Increased
54
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$1.95B +$143M 14 3.51% Increased
55
OppenheimerFunds
OppenheimerFunds
New York
$1.91B +$41.8M 18 2.14% Increased
56
Russell Frank Company
Russell Frank Company
Washington
$1.89B -$96.8M 50 3.46% Reduced
57
Institutional Capital
Institutional Capital
Illinois
$1.84B -$214M 3 11.31% Reduced
58
Neuberger Berman Group
Neuberger Berman Group
New York
$1.78B -$276M 25 1.9% Reduced
59
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.75B +$148M 17 4.26% Increased
60
Jennison Associates
Jennison Associates
New York
$1.7B -$59.2M 11 1.56% Reduced
61
First Eagle Investment Management
First Eagle Investment Management
New York
$1.7B +$92.3M 9 4.06% Increased
62
Principal Financial Group
Principal Financial Group
Iowa
$1.63B -$22.2M 42 2.43% Reduced
63
APG Asset Management
APG Asset Management
Netherlands
$1.62B -$46.4M 13 3.34% Reduced
64
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$1.58B +$88.6M 21 3.09% Increased
65
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.53B +$2.63M 50 1.77% Increased
66
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.51B -$27.3M 50 3.58% Reduced
67
LSV Asset Management
LSV Asset Management
Illinois
$1.5B -$57.1M 26 3.11% Reduced
68
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.49B +$38.8M 61 1.89% Increased
69
HSBC Holdings
HSBC Holdings
United Kingdom
$1.48B +$41M 28 2.85% Increased
70
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.48B +$354M 16 4.45% Increased
71
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.47B -$28.8M 39 3.74% Reduced
72
VOYA Investment Management
VOYA Investment Management
Georgia
$1.46B +$84.8M 46 3.25% Increased
73
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.43B +$26.8M 15 3.31% Increased
74
Primecap Management
Primecap Management
California
$1.4B -$73.9M 6 1.37% Reduced
75
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.36B +$40M 53 2.73% Increased