← 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
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.98B -$50.8M 58 2.36% Reduced
52
ClearBridge Investments
ClearBridge Investments
New York
$1.97B -$61.1M 20 1.89% Reduced
53
OppenheimerFunds
OppenheimerFunds
New York
$1.84B -$329M 45 2.26% Reduced
54
APG Asset Management
APG Asset Management
Netherlands
$1.76B +$300M 14 2.9% Increased
55
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.73B +$17.9M 16 3.2% Increased
56
Trian Fund Management
Trian Fund Management
New York
$1.71B $0 1 13.2% Maintained
57
Neuberger Berman Group
Neuberger Berman Group
New York
$1.71B -$94.8M 27 2.13% Reduced
58
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$1.69B +$401M 27 4.52% Increased
59
Credit Suisse
Credit Suisse
Switzerland
$1.68B +$5.32M 53 1.64% Increased
60
Allianz Asset Management
Allianz Asset Management
Germany
$1.67B +$20.4M 33 1.44% Increased
61
Renaissance Technologies
Renaissance Technologies
New York
$1.57B +$185M 52 1.85% Increased
62
Putnam Investments
Putnam Investments
Massachusetts
$1.56B -$128M 22 3.61% Reduced
63
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.56B -$136M 51 3.45% Reduced
64
HSBC Holdings
HSBC Holdings
United Kingdom
$1.56B +$314M 35 2.5% Increased
65
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.53B +$19.2M 51 3.34% Increased
66
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.53B -$406M 21 3.72% Reduced
67
Lazard Asset Management
Lazard Asset Management
New York
$1.49B +$4.35M 15 2.7% Increased
68
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.49B -$29.2M 42 3.71% Reduced
69
LSV Asset Management
LSV Asset Management
Illinois
$1.44B -$72.1M 23 2.38% Reduced
70
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.39B -$38.1M 10 3.08% Reduced
71
TD Asset Management
TD Asset Management
Ontario, Canada
$1.37B -$102M 30 2.05% Reduced
72
Asset Management One
Asset Management One
Japan
$1.36B +$11.4M 20 3.18% Increased
73
Russell Investments Group
Russell Investments Group
United Kingdom
$1.35B -$106M 55 2.3% Reduced
74
Millennium Management
Millennium Management
New York
$1.34B +$271M 48 2.04% Increased
75
London Company of Virginia
London Company of Virginia
Virginia
$1.34B -$139M 5 9.57% Reduced