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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
$1.88B +$89M 47 3.11% Increased
52
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$1.86B +$31.6M 55 1.86% Increased
53
Citadel Advisors
Citadel Advisors
Florida
$1.78B +$159M 52 0.88% Increased
54
Primecap Management
Primecap Management
California
$1.75B +$68.3M 10 1.29% Increased
55
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.67B -$300M 19 4.17% Reduced
56
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.65B -$423M 54 1.42% Reduced
57
TD Asset Management
TD Asset Management
Ontario, Canada
$1.57B +$54.4M 29 2.4% Increased
58
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.54B -$4.15M 51 2.99% Reduced
59
Artisan Partners
Artisan Partners
Wisconsin
$1.5B +$196M 8 2.95% Increased
60
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.49B -$40.1M 51 3.05% Reduced
61
Allianz Asset Management
Allianz Asset Management
Germany
$1.47B -$98.1M 35 1.46% Reduced
62
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$1.43B +$928M 35 0.59% Increased
63
Victory Capital Management
Victory Capital Management
Texas
$1.4B +$8.92M 39 3.19% Increased
64
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.39B -$117M 24 3.18% Reduced
65
Credit Suisse
Credit Suisse
Switzerland
$1.38B -$303M 51 1.26% Reduced
66
OppenheimerFunds
OppenheimerFunds
New York
$1.37B +$18.4M 42 1.7% Increased
67
Putnam Investments
Putnam Investments
Massachusetts
$1.3B -$82.1M 20 3.03% Reduced
68
Barclays
Barclays
United Kingdom
$1.3B +$64.5M 61 0.9% Increased
69
Harris Associates
Harris Associates
Illinois
$1.29B -$377M 2 2.37% Reduced
70
Davis Selected Advisers
Davis Selected Advisers
Arizona
$1.29B -$282M 2 6.35% Reduced
71
Fisher Asset Management
Fisher Asset Management
Washington
$1.29B +$91.6M 12 1.51% Increased
72
VOYA Investment Management
VOYA Investment Management
Georgia
$1.28B -$80.6M 49 2.89% Reduced
73
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.28B -$19.5M 41 3.26% Reduced
74
Renaissance Technologies
Renaissance Technologies
New York
$1.28B +$275M 58 1.16% Increased
75
Macquarie Group
Macquarie Group
Australia
$1.25B +$127M 34 2.13% Increased