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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
First Trust Advisors
First Trust Advisors
Illinois
$2.17B +$444M 51 2.35% Increased
52
Neuberger Berman Group
Neuberger Berman Group
New York
$2.08B +$106M 31 1.82% Increased
53
Citigroup
Citigroup
New York
$2.04B -$156M 73 1.23% Reduced
54
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.98B -$96.9M 61 1.61% Reduced
55
Citadel Advisors
Citadel Advisors
Florida
$1.94B +$260M 77 0.43% Increased
56
LSV Asset Management
LSV Asset Management
Illinois
$1.93B +$120M 19 3.27% Increased
57
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.89B -$10.7M 61 2.37% Reduced
58
Pzena Investment Management
Pzena Investment Management
New York
$1.87B -$119M 5 7.28% Reduced
59
Stifel Financial
Stifel Financial
Missouri
$1.86B +$302M 55 2.79% Increased
60
Credit Suisse
Credit Suisse
Switzerland
$1.86B +$102M 63 0.98% Increased
61
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.78B -$34.2M 59 2.33% Reduced
62
Prudential Financial
Prudential Financial
New Jersey
$1.77B +$248M 49 2.43% Increased
63
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$1.73B -$4.81M 2 4.93% Reduced
64
Allianz Asset Management
Allianz Asset Management
Germany
$1.7B +$329M 34 1.43% Increased
65
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$1.69B +$92.3M 11 5.16% Increased
66
Lazard Asset Management
Lazard Asset Management
New York
$1.69B +$17.9M 33 1.9% Increased
67
Raymond James & Associates
Raymond James & Associates
Florida
$1.68B +$148M 51 1.53% Increased
68
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$1.66B +$272M 58 0.23% Increased
69
Putnam Investments
Putnam Investments
Massachusetts
$1.58B -$51.4M 16 2.46% Reduced
70
Millennium Management
Millennium Management
New York
$1.58B -$199M 77 0.97% Reduced
71
Primecap Management
Primecap Management
California
$1.55B -$33.3M 12 1.04% Reduced
72
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.55B -$9.96M 52 2.09% Reduced
73
Barclays
Barclays
United Kingdom
$1.52B +$32.2M 62 0.72% Increased
74
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.49B -$381M 14 3.21% Reduced
75
ARK Investment Management
ARK Investment Management
Florida
$1.48B +$424M 17 2.75% Increased