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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
Citadel Advisors
Citadel Advisors
Florida
$2.01B -$153M 56 0.99% Reduced
52
ClearBridge Investments
ClearBridge Investments
New York
$1.96B -$15.8M 19 1.6% Reduced
53
APG Asset Management
APG Asset Management
Netherlands
$1.89B +$65.1M 17 3.48% Increased
54
Prudential Financial
Prudential Financial
New Jersey
$1.89B -$206M 49 2.82% Reduced
55
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.73B +$374M 20 3.96% Increased
56
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$1.68B +$13.6M 16 2.86% Increased
57
Neuberger Berman Group
Neuberger Berman Group
New York
$1.62B -$55.7M 31 1.79% Reduced
58
Harris Associates
Harris Associates
Illinois
$1.61B +$295M 3 2.6% Increased
59
Credit Suisse
Credit Suisse
Switzerland
$1.56B -$159M 50 1.53% Reduced
60
Barclays
Barclays
United Kingdom
$1.55B -$82.6M 63 1.33% Reduced
61
TD Asset Management
TD Asset Management
Ontario, Canada
$1.53B +$32.8M 30 2.34% Increased
62
Primecap Management
Primecap Management
California
$1.5B +$33.7M 11 1.11% Increased
63
Allianz Asset Management
Allianz Asset Management
Germany
$1.5B -$87.5M 32 1.45% Reduced
64
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.5B +$146M 22 3.57% Increased
65
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.49B +$8.26M 51 3% Increased
66
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.48B -$5.77M 51 3.08% Reduced
67
Millennium Management
Millennium Management
New York
$1.45B -$280M 50 1.89% Reduced
68
OppenheimerFunds
OppenheimerFunds
New York
$1.36B -$159M 41 1.62% Reduced
69
Artisan Partners
Artisan Partners
Wisconsin
$1.36B +$19.3M 10 2.73% Increased
70
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.36B -$44.5M 40 3.31% Reduced
71
Lazard Asset Management
Lazard Asset Management
New York
$1.35B -$60.7M 16 2.35% Reduced
72
Asset Management One
Asset Management One
Japan
$1.28B -$7.94M 20 2.81% Reduced
73
William Blair Investment Management
William Blair Investment Management
Illinois
$1.28B -$570K 10 4.78% Reduced
74
VOYA Investment Management
VOYA Investment Management
Georgia
$1.27B -$83.6M 48 2.7% Reduced
75
Putnam Investments
Putnam Investments
Massachusetts
$1.23B -$149M 26 2.79% Reduced