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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
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$2.09B -$152M 53 1.98% Reduced
52
Prudential Financial
Prudential Financial
New Jersey
$2.08B +$19.2M 49 3.05% Increased
53
Barclays
Barclays
United Kingdom
$2.01B +$383M 67 1.4% Increased
54
Citadel Advisors
Citadel Advisors
Florida
$1.95B -$152M 56 0.87% Reduced
55
Neuberger Berman Group
Neuberger Berman Group
New York
$1.92B +$126M 29 2.17% Increased
56
Davis Selected Advisers
Davis Selected Advisers
Arizona
$1.86B +$799M 2 8.02% Increased
57
Primecap Management
Primecap Management
California
$1.74B +$60.8M 11 1.17% Increased
58
Credit Suisse
Credit Suisse
Switzerland
$1.72B +$39.3M 49 1.54% Increased
59
Lazard Asset Management
Lazard Asset Management
New York
$1.69B +$135M 13 2.73% Increased
60
Allianz Asset Management
Allianz Asset Management
Germany
$1.66B +$1.72M 30 1.51% Increased
61
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.64B -$6.39M 24 3.63% Reduced
62
TD Asset Management
TD Asset Management
Ontario, Canada
$1.62B -$28.9M 29 2.39% Reduced
63
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.6B +$10.1M 51 3.12% Increased
64
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.57B -$34.2M 50 3.04% Reduced
65
OppenheimerFunds
OppenheimerFunds
New York
$1.57B +$35.3M 43 1.82% Increased
66
William Blair Investment Management
William Blair Investment Management
Illinois
$1.53B +$109M 11 5.3% Increased
67
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.53B -$307M 18 3.41% Reduced
68
Harris Associates
Harris Associates
Illinois
$1.48B +$7.75M 2 2.32% Increased
69
Putnam Investments
Putnam Investments
Massachusetts
$1.46B +$128M 25 3.15% Increased
70
Artisan Partners
Artisan Partners
Wisconsin
$1.45B -$87.8M 10 2.75% Reduced
71
Millennium Management
Millennium Management
New York
$1.44B -$131M 56 1.77% Reduced
72
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.43B -$36M 40 3.34% Reduced
73
Victory Capital Management
Victory Capital Management
Texas
$1.42B +$155M 38 2.94% Increased
74
HSBC Holdings
HSBC Holdings
United Kingdom
$1.41B +$301M 41 2.26% Increased
75
Asset Management One
Asset Management One
Japan
$1.39B +$8.54M 21 2.86% Increased