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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
ClearBridge Investments
ClearBridge Investments
New York
$2.02B -$279M 18 2.04% Reduced
52
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.97B +$199M 61 2.49% Increased
53
Harris Associates
Harris Associates
Illinois
$1.93B +$260M 3 3.53% Increased
54
Fisher Asset Management
Fisher Asset Management
Washington
$1.91B -$278M 13 3.05% Reduced
55
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.84B +$28.2M 51 1.75% Increased
56
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.74B -$265M 53 2.66% Reduced
57
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.74B -$108M 52 3.51% Reduced
58
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.68B +$140M 19 4.24% Increased
59
Neuberger Berman Group
Neuberger Berman Group
New York
$1.67B -$179M 29 2.15% Reduced
60
London Company of Virginia
London Company of Virginia
Virginia
$1.67B -$46.9M 5 10.99% Reduced
61
Allianz Asset Management
Allianz Asset Management
Germany
$1.65B -$219M 38 1.61% Reduced
62
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.62B -$16.5M 14 3.22% Reduced
63
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.47B -$46.5M 42 3.74% Reduced
64
APG Asset Management
APG Asset Management
Netherlands
$1.45B -$201M 13 2.66% Reduced
65
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.43B +$39M 52 3.34% Increased
66
TD Asset Management
TD Asset Management
Ontario, Canada
$1.38B -$15.9M 29 2.21% Reduced
67
Putnam Investments
Putnam Investments
Massachusetts
$1.36B -$37.7M 21 3.19% Reduced
68
Russell Investments Group
Russell Investments Group
United Kingdom
$1.32B -$12.1M 54 2.43% Reduced
69
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.29B -$7.97M 21 3.45% Reduced
70
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.28B +$15.9M 1 1.8% Increased
71
Asset Management One
Asset Management One
Japan
$1.27B -$94M 20 3.35% Reduced
72
LSV Asset Management
LSV Asset Management
Illinois
$1.26B -$262M 26 2.29% Reduced
73
Lazard Asset Management
Lazard Asset Management
New York
$1.24B +$42.3M 13 2.34% Increased
74
HSBC Holdings
HSBC Holdings
United Kingdom
$1.23B +$231M 32 2.58% Increased
75
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.23B -$4.1M 49 3.55% Reduced