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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
American Century Companies
American Century Companies
Missouri
$1.88B -$336M 26 1.87% Reduced
52
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.84B -$147M 52 2.15% Reduced
53
Primecap Management
Primecap Management
California
$1.84B +$12.9M 10 1.36% Increased
54
Barclays
Barclays
United Kingdom
$1.79B +$420M 63 1.1% Increased
55
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$1.78B -$208M 54 1.74% Reduced
56
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.7B -$51.6M 61 1.43% Reduced
57
Allianz Asset Management
Allianz Asset Management
Germany
$1.65B +$80.5M 37 1.54% Increased
58
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.62B -$29.7M 55 3.04% Reduced
59
Artisan Partners
Artisan Partners
Wisconsin
$1.59B -$58.5M 6 2.93% Reduced
60
TD Asset Management
TD Asset Management
Ontario, Canada
$1.58B -$81M 27 2.36% Reduced
61
Victory Capital Management
Victory Capital Management
Texas
$1.57B -$15.1M 39 3.16% Reduced
62
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.57B -$9.8M 54 3.09% Reduced
63
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.56B -$188M 17 3.89% Reduced
64
Renaissance Technologies
Renaissance Technologies
New York
$1.53B +$146M 57 1.34% Increased
65
Putnam Investments
Putnam Investments
Massachusetts
$1.52B +$91.6M 19 3.4% Increased
66
Credit Suisse
Credit Suisse
Switzerland
$1.49B +$58.4M 54 1.32% Increased
67
Fisher Asset Management
Fisher Asset Management
Washington
$1.44B +$52.7M 15 1.59% Increased
68
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$1.42B +$723M 20 0.96% Increased
69
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.42B +$142M 15 3.53% Increased
70
VOYA Investment Management
VOYA Investment Management
Georgia
$1.41B +$43.5M 52 3.02% Increased
71
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.38B -$55M 24 3.03% Reduced
72
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$1.33B +$59.6M 9 5.11% Increased
73
Macquarie Group
Macquarie Group
Australia
$1.32B -$93.5M 34 2.23% Reduced
74
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.32B -$41M 42 3.34% Reduced
75
Harris Associates
Harris Associates
Illinois
$1.28B -$53.8M 2 2.35% Reduced