← 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
Credit Suisse
Credit Suisse
Switzerland
$2.06B -$155M 52 2.36% Reduced
52
Harris Associates
Harris Associates
Illinois
$2.04B +$73.4M 3 3.45% Increased
53
Jennison Associates
Jennison Associates
New York
$1.95B +$261M 10 1.91% Increased
54
Principal Financial Group
Principal Financial Group
Iowa
$1.9B +$88.4M 44 2.83% Increased
55
BlackRock
BlackRock
New York
$1.89B -$79.6M 53 2.77% Reduced
56
Putnam Investments
Putnam Investments
Massachusetts
$1.86B -$554M 23 4.21% Reduced
57
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.77B -$216M 17 5.23% Reduced
58
Prudential Financial
Prudential Financial
New Jersey
$1.76B -$260M 47 3.18% Reduced
59
Russell Frank Company
Russell Frank Company
Washington
$1.7B -$95.7M 49 2.98% Reduced
60
Neuberger Berman Group
Neuberger Berman Group
New York
$1.69B -$59.3M 25 2.21% Reduced
61
AQR Capital Management
AQR Capital Management
Connecticut
$1.65B +$56.4M 44 2.89% Increased
62
Teachers Advisors
Teachers Advisors
New York
$1.62B +$111M 51 3.03% Increased
63
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.61B +$9.31M 52 2.74% Increased
64
Allianz Asset Management
Allianz Asset Management
Germany
$1.6B -$18.5M 28 1.81% Reduced
65
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.59B -$105M 60 1.51% Reduced
66
VVP
Vulcan Value Partners
Alabama
$1.59B +$295M 6 14.76% Increased
67
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.54B -$14.6M 51 3.76% Reduced
68
APG Asset Management
APG Asset Management
Netherlands
$1.53B -$229M 12 3.52% Reduced
69
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.51B -$34.6M 53 1.8% Reduced
70
VOYA Investment Management
VOYA Investment Management
Georgia
$1.5B -$56.9M 46 3.65% Reduced
71
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.5B -$66.9M 13 3.41% Reduced
72
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.48B -$34.8M 39 3.94% Reduced
73
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.48B +$164M 16 4.46% Increased
74
LSV Asset Management
LSV Asset Management
Illinois
$1.44B +$21.2M 26 3.13% Increased
75
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.35B -$345M 17 3.53% Reduced