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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
Prudential Financial
Prudential Financial
New Jersey
$2.17B -$248M 48 3.31% Reduced
52
ClearBridge Investments
ClearBridge Investments
New York
$2.08B -$31.7M 18 1.96% Reduced
53
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$1.98B +$226M 25 4.55% Increased
54
APG Asset Management
APG Asset Management
Netherlands
$1.8B +$131M 13 3.49% Increased
55
Millennium Management
Millennium Management
New York
$1.79B +$364M 44 2.4% Increased
56
Credit Suisse
Credit Suisse
Switzerland
$1.73B -$126M 54 1.61% Reduced
57
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.72B -$776K 16 3.05% Reduced
58
Neuberger Berman Group
Neuberger Berman Group
New York
$1.7B -$126M 29 1.94% Reduced
59
Barclays
Barclays
United Kingdom
$1.67B -$221M 63 1.28% Reduced
60
Allianz Asset Management
Allianz Asset Management
Germany
$1.63B -$210M 33 1.55% Reduced
61
OppenheimerFunds
OppenheimerFunds
New York
$1.62B -$85.1M 41 2.02% Reduced
62
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.53B -$57.7M 51 3.27% Reduced
63
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.52B -$38.7M 51 3.17% Reduced
64
TD Asset Management
TD Asset Management
Ontario, Canada
$1.51B -$2.8M 28 2.32% Reduced
65
Renaissance Technologies
Renaissance Technologies
New York
$1.51B -$305M 55 1.65% Reduced
66
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.46B -$23.5M 12 3.31% Reduced
67
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.45B -$212M 23 3.38% Reduced
68
Lazard Asset Management
Lazard Asset Management
New York
$1.45B -$62.1M 13 2.47% Reduced
69
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.44B -$16.8M 41 3.51% Reduced
70
Primecap Management
Primecap Management
California
$1.44B -$38.8M 9 1.08% Reduced
71
Putnam Investments
Putnam Investments
Massachusetts
$1.44B -$434M 23 3.35% Reduced
72
Artisan Partners
Artisan Partners
Wisconsin
$1.42B +$74.6M 10 2.89% Increased
73
VOYA Investment Management
VOYA Investment Management
Georgia
$1.4B +$260M 50 2.98% Increased
74
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.38B +$85.2M 22 3.44% Increased
75
HSBC Holdings
HSBC Holdings
United Kingdom
$1.37B -$533M 39 2.04% Reduced