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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
OppenheimerFunds
OppenheimerFunds
New York
$2.02B -$186M 45 2.49% Reduced
52
ClearBridge Investments
ClearBridge Investments
New York
$2.01B +$22.2M 20 1.98% Increased
53
Trian Fund Management
Trian Fund Management
New York
$1.91B +$53.6M 1 14.42% Increased
54
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.87B -$46.4M 52 1.79% Reduced
55
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.82B +$164M 19 4.45% Increased
56
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.64B -$1.36M 15 3.17% Reduced
57
Credit Suisse
Credit Suisse
Switzerland
$1.63B -$444M 52 1.58% Reduced
58
Neuberger Berman Group
Neuberger Berman Group
New York
$1.62B -$129M 28 2.09% Reduced
59
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.62B -$137M 51 3.46% Reduced
60
Putnam Investments
Putnam Investments
Massachusetts
$1.56B +$123M 21 3.65% Increased
61
Allianz Asset Management
Allianz Asset Management
Germany
$1.56B -$121M 34 1.5% Reduced
62
London Company of Virginia
London Company of Virginia
Virginia
$1.51B -$158M 5 10.24% Reduced
63
Lazard Asset Management
Lazard Asset Management
New York
$1.46B +$144M 14 2.74% Increased
64
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.45B -$39.5M 42 3.7% Reduced
65
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.44B -$8.14M 51 3.29% Reduced
66
VOYA Investment Management
VOYA Investment Management
Georgia
$1.43B +$146M 48 3.19% Increased
67
APG Asset Management
APG Asset Management
Netherlands
$1.41B -$43.5M 13 2.57% Reduced
68
Russell Investments Group
Russell Investments Group
United Kingdom
$1.39B +$28.8M 54 2.47% Increased
69
TD Asset Management
TD Asset Management
Ontario, Canada
$1.39B -$37.3M 28 2.19% Reduced
70
LSV Asset Management
LSV Asset Management
Illinois
$1.32B -$30.7M 23 2.35% Reduced
71
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.29B +$192M 11 2.84% Increased
72
Fisher Asset Management
Fisher Asset Management
Washington
$1.29B -$639M 13 1.95% Reduced
73
Asset Management One
Asset Management One
Japan
$1.29B -$5.63M 20 3.28% Reduced
74
Citadel Advisors
Citadel Advisors
Florida
$1.26B +$178M 42 1.07% Increased
75
Renaissance Technologies
Renaissance Technologies
New York
$1.26B +$284M 54 1.61% Increased