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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
$2.06B +$117M 24 2.07% Increased
52
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.94B +$205M 60 1.67% Increased
53
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$1.89B +$49.6M 53 1.88% Increased
54
Primecap Management
Primecap Management
California
$1.88B +$29.5M 11 1.5% Increased
55
Renaissance Technologies
Renaissance Technologies
New York
$1.83B +$404M 61 1.55% Increased
56
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.8B +$241M 17 4.41% Increased
57
VOYA Investment Management
VOYA Investment Management
Georgia
$1.75B +$309M 49 3.83% Increased
58
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.69B +$43.7M 54 3.1% Increased
59
Putnam Investments
Putnam Investments
Massachusetts
$1.69B +$90.1M 21 3.75% Increased
60
Credit Suisse
Credit Suisse
Switzerland
$1.69B +$185M 52 1.42% Increased
61
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.68B +$87.3M 55 3.28% Increased
62
TD Asset Management
TD Asset Management
Ontario, Canada
$1.64B +$26.2M 28 2.51% Increased
63
Allianz Asset Management
Allianz Asset Management
Germany
$1.63B -$14.7M 36 1.6% Reduced
64
Artisan Partners
Artisan Partners
Wisconsin
$1.56B -$167M 5 2.95% Reduced
65
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.54B -$289M 53 1.73% Reduced
66
Barclays
Barclays
United Kingdom
$1.51B -$297M 69 0.94% Reduced
67
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.44B +$23.2M 23 3.09% Increased
68
Fisher Asset Management
Fisher Asset Management
Washington
$1.44B +$5.48M 18 1.58% Increased
69
Lazard Asset Management
Lazard Asset Management
New York
$1.42B +$155M 26 2.33% Increased
70
Millennium Management
Millennium Management
New York
$1.41B +$434M 56 2.23% Increased
71
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.36B +$13.9M 42 3.44% Increased
72
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.35B +$15.3M 19 3.29% Increased
73
D.E. Shaw & Co
D.E. Shaw & Co
New York
$1.29B +$40.2M 48 1.59% Increased
74
Macquarie Group
Macquarie Group
Australia
$1.29B -$149M 38 2.16% Reduced
75
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.26B +$88.2M 39 3.49% Increased