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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
Jennison Associates
Jennison Associates
New York
$1.98B +$167M 11 2.07% Increased
52
Putnam Investments
Putnam Investments
Massachusetts
$1.93B +$10.6M 24 4.59% Increased
53
Principal Financial Group
Principal Financial Group
Iowa
$1.92B +$4.65M 44 2.78% Increased
54
American Century Companies
American Century Companies
Missouri
$1.9B -$196M 29 2.22% Reduced
55
Credit Suisse
Credit Suisse
Switzerland
$1.88B -$182M 53 2.27% Reduced
56
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.75B +$183M 51 3.73% Increased
57
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.69B +$71.2M 53 2.74% Increased
58
Swiss National Bank
Swiss National Bank
Switzerland
$1.69B +$474M 45 3.09% Increased
59
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.67B +$46.7M 60 1.44% Increased
60
VVP
Vulcan Value Partners
Alabama
$1.67B +$3.49M 5 15% Increased
61
Teachers Advisors
Teachers Advisors
New York
$1.67B +$37.4M 51 3.04% Increased
62
Russell Frank Company
Russell Frank Company
Washington
$1.63B -$85.7M 52 2.86% Reduced
63
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.62B -$152M 18 4.99% Reduced
64
Allianz Asset Management
Allianz Asset Management
Germany
$1.6B -$28.5M 30 1.82% Reduced
65
Prudential Financial
Prudential Financial
New Jersey
$1.59B -$182M 46 2.85% Reduced
66
AQR Capital Management
AQR Capital Management
Connecticut
$1.54B -$110M 42 2.77% Reduced
67
BlackRock
BlackRock
New York
$1.52B -$357M 52 2.44% Reduced
68
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.51B +$255K 13 3.39% Increased
69
APG Asset Management
APG Asset Management
Netherlands
$1.51B -$50M 12 3.13% Reduced
70
LSV Asset Management
LSV Asset Management
Illinois
$1.49B +$66M 26 3.11% Increased
71
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.48B -$15.5M 39 3.91% Reduced
72
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.46B +$119M 18 3.95% Increased
73
Neuberger Berman Group
Neuberger Berman Group
New York
$1.43B -$188M 24 1.96% Reduced
74
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.35B $0 1 2.12% Maintained
75
London Company of Virginia
London Company of Virginia
Virginia
$1.33B +$175M 5 10.92% Increased