← All themes

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
Russell Frank Company
Russell Frank Company
Washington
$2.05B +$190M 48 3.29% Increased
52
OppenheimerFunds
OppenheimerFunds
New York
$1.95B +$55M 19 2.23% Increased
53
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$1.93B -$13.5M 14 3.46% Reduced
54
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.87B +$151M 16 4.66% Increased
55
Neuberger Berman Group
Neuberger Berman Group
New York
$1.82B +$75.5M 25 2.02% Increased
56
Prudential Financial
Prudential Financial
New Jersey
$1.82B -$282M 46 3.22% Reduced
57
BlackRock
BlackRock
New York
$1.73B -$229M 50 2.57% Reduced
58
Principal Financial Group
Principal Financial Group
Iowa
$1.67B +$54.3M 43 2.49% Increased
59
APG Asset Management
APG Asset Management
Netherlands
$1.66B +$36.4M 13 3.32% Increased
60
Allianz Asset Management
Allianz Asset Management
Germany
$1.64B -$530M 29 1.74% Reduced
61
First Eagle Investment Management
First Eagle Investment Management
New York
$1.63B -$9.19M 9 3.89% Reduced
62
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.58B +$118M 16 4.83% Increased
63
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.58B +$72.9M 52 1.85% Increased
64
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$1.57B +$24.4M 21 3.09% Increased
65
Jennison Associates
Jennison Associates
New York
$1.57B -$28.2M 12 1.44% Reduced
66
Harris Associates
Harris Associates
Illinois
$1.55B +$249M 3 2.47% Increased
67
VOYA Investment Management
VOYA Investment Management
Georgia
$1.54B +$85.1M 47 3.52% Increased
68
Institutional Capital
Institutional Capital
Illinois
$1.54B -$323M 3 10.75% Reduced
69
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.47B -$24.6M 60 1.75% Reduced
70
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.45B -$52.3M 51 3.5% Reduced
71
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.44B -$25.6M 40 3.74% Reduced
72
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.43B +$6.16M 14 3.28% Increased
73
AQR Capital Management
AQR Capital Management
Connecticut
$1.42B +$185M 40 2.81% Increased
74
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.37B +$30.3M 51 2.68% Increased
75
HSBC Holdings
HSBC Holdings
United Kingdom
$1.36B -$138M 28 2.77% Reduced