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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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
51	Deutsche Bank Frankfurt Am Main Ge, Germany	$1.98B	-$280M	68	1.11%	Reduced
52	Hotchkis & Wiley Capital Management Los Angeles, California	$1.8B	+$523M	16	7.17%	Increased
53	Stifel Financial St. Louis, Missouri	$1.67B	+$21.6M	52	2.62%	Increased
54	RhumbLine Advisers Boston, Massachusetts	$1.63B	+$78.1M	62	2.38%	Increased
55	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.56B	+$34M	56	1.09%	Increased
56	California State Teachers Retirement System (CalSTRS) West Sacramento, California	$1.55B	-$3.9M	64	2.45%	Reduced
57	Raymond James & Associates St Petersburg, Florida	$1.51B	-$12.3M	50	1.48%	Reduced
58	Viking Global Investors Stamford, Connecticut	$1.5B	-$181M	3	6.87%	Reduced
59	Sanders Capital West Palm Beach, Florida	$1.49B	-$87.5M	1	3.77%	Reduced
60	Millennium Management New York	$1.49B	+$229M	73	0.92%	Increased
61	D.E. Shaw & Co New York	$1.47B	+$179M	62	1.72%	Increased
62	VVP Vulcan Value Partners Birmingham, Alabama	$1.44B	-$495K	3	14.11%	Reduced
63	Lord, Abbett & Co Jersey City, New Jersey	$1.41B	+$114M	15	4.99%	Increased
64	Renaissance Technologies New York	$1.4B	+$594M	65	1.66%	Increased
65	LSV Asset Management Chicago, Illinois	$1.34B	-$260M	17	2.9%	Reduced
66	Credit Suisse Zurich, Switzerland	$1.34B	-$50.8M	74	1.39%	Reduced
67	Envestnet Asset Management Chicago, Illinois	$1.33B	+$53.8M	50	0.74%	Increased
68	Eaton Vance Management Boston, Massachusetts	$1.32B	+$33.7M	27	1.86%	Increased
69	PNC Financial Services Group Pittsburgh, Pennsylvania	$1.32B	+$36.3M	59	1.29%	Increased
70	Adage Capital Partners Boston, Massachusetts	$1.32B	+$60.4M	20	3.02%	Increased
71	Lazard Asset Management New York	$1.31B	-$13M	37	1.77%	Reduced
72	Prudential Financial Newark, New Jersey	$1.29B	+$47.1M	49	2.05%	Increased
73	1832 Asset Management Toronto, Ontario, Canada	$1.26B	+$87.4M	13	2.22%	Increased
74	Primecap Management Pasadena, California	$1.25B	-$30.4M	12	1.11%	Reduced
75	Mackenzie Financial Toronto Ontario, Ontario, Canada	$1.24B	+$106M	27	1.98%	Increased