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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
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
$1.86B +$59.1M 14 3.61% Increased
52
Fisher Asset Management
Fisher Asset Management
Washington
$1.79B +$8.88M 14 3.74% Increased
53
Prudential Financial
Prudential Financial
New Jersey
$1.79B +$79.7M 47 3.54% Increased
54
BlackRock
BlackRock
New York
$1.73B +$113M 51 2.72% Increased
55
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.72B +$312M 15 5.29% Increased
56
First Eagle Investment Management
First Eagle Investment Management
New York
$1.71B +$18.1M 9 4.32% Increased
57
Harris Associates
Harris Associates
Illinois
$1.67B +$257M 3 2.92% Increased
58
Principal Financial Group
Principal Financial Group
Iowa
$1.63B +$81.4M 44 2.56% Increased
59
Russell Frank Company
Russell Frank Company
Washington
$1.61B -$289M 50 3% Reduced
60
APG Asset Management
APG Asset Management
Netherlands
$1.55B +$13M 12 3.55% Increased
61
Neuberger Berman Group
Neuberger Berman Group
New York
$1.54B -$145M 24 1.99% Reduced
62
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.51B -$188M 19 4.19% Reduced
63
Jennison Associates
Jennison Associates
New York
$1.51B +$49.2M 11 1.54% Increased
64
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.49B +$149M 61 1.57% Increased
65
AQR Capital Management
AQR Capital Management
Connecticut
$1.45B +$61.7M 42 2.9% Increased
66
Allianz Asset Management
Allianz Asset Management
Germany
$1.43B -$75M 26 1.7% Reduced
67
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.42B +$149M 51 2.76% Increased
68
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.4B -$115M 52 1.93% Reduced
69
VOYA Investment Management
VOYA Investment Management
Georgia
$1.38B -$23.4M 45 3.47% Reduced
70
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.37B +$30.2M 13 3.35% Increased
71
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.37B +$22.1M 51 3.57% Increased
72
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.34B -$4.34M 39 3.75% Reduced
73
Teachers Advisors
Teachers Advisors
New York
$1.33B +$111M 51 2.66% Increased
74
Epoch Investment Partners
Epoch Investment Partners
New York
$1.32B +$264M 9 5.12% Increased
75
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$1.31B -$172M 20 2.76% Reduced