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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
$2.07B -$117M 19 1.91% Reduced
52
Barclays
Barclays
United Kingdom
$1.92B +$926M 60 1.57% Increased
53
HSBC Holdings
HSBC Holdings
United Kingdom
$1.9B +$330M 40 2.75% Increased
54
Credit Suisse
Credit Suisse
Switzerland
$1.88B +$209M 53 1.68% Increased
55
Harris Associates
Harris Associates
Illinois
$1.85B -$344M 3 3.03% Reduced
56
Allianz Asset Management
Allianz Asset Management
Germany
$1.82B +$139M 35 1.43% Increased
57
Renaissance Technologies
Renaissance Technologies
New York
$1.79B +$244M 53 1.97% Increased
58
Neuberger Berman Group
Neuberger Berman Group
New York
$1.78B -$1.16M 30 2.05% Reduced
59
APG Asset Management
APG Asset Management
Netherlands
$1.75B +$318M 14 3.21% Increased
60
Putnam Investments
Putnam Investments
Massachusetts
$1.75B +$86.7M 24 3.9% Increased
61
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.72B +$626K 16 3% Increased
62
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.7B +$108M 20 3.84% Increased
63
OppenheimerFunds
OppenheimerFunds
New York
$1.69B -$102M 42 2.05% Reduced
64
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$1.65B -$122M 25 3.98% Reduced
65
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.6B +$44.5M 51 3.29% Increased
66
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.57B +$26.4M 51 3.18% Increased
67
Lazard Asset Management
Lazard Asset Management
New York
$1.57B -$17.7M 15 2.68% Reduced
68
Citadel Advisors
Citadel Advisors
Florida
$1.54B +$189M 52 0.93% Increased
69
TD Asset Management
TD Asset Management
Ontario, Canada
$1.52B +$88.3M 29 2.22% Increased
70
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.47B -$15.5M 41 3.48% Reduced
71
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.45B -$16.3M 10 3.21% Reduced
72
Primecap Management
Primecap Management
California
$1.43B +$38.1M 8 1.1% Increased
73
Millennium Management
Millennium Management
New York
$1.43B -$1.74M 52 1.98% Reduced
74
Asset Management One
Asset Management One
Japan
$1.34B -$16.1M 19 2.95% Reduced
75
Russell Investments Group
Russell Investments Group
United Kingdom
$1.31B -$94.7M 56 2.2% Reduced