← All themes

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
Putnam Investments
Putnam Investments
Massachusetts
$1.75B -$97.4M 24 3.33% Reduced
52
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$1.75B +$41.1M 14 7.52% Increased
53
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$1.74B -$126M 63 2.51% Reduced
54
1832 Asset Management
1832 Asset Management
Ontario, Canada
$1.7B +$555M 13 3.17% Increased
55
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.56B +$59.4M 61 2.32% Increased
56
Raymond James & Associates
Raymond James & Associates
Florida
$1.5B +$131M 50 1.52% Increased
57
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.47B +$66.5M 54 1.02% Increased
58
Sanders Capital
Sanders Capital
Florida
$1.44B -$36.7M 1 3.96% Reduced
59
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.41B -$28.8M 63 2.38% Reduced
60
Stifel Financial
Stifel Financial
Missouri
$1.35B -$209M 50 2.21% Reduced
61
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.34B +$9.92M 16 4.89% Increased
62
Envestnet Asset Management
Envestnet Asset Management
Illinois
$1.32B +$92.5M 48 0.75% Increased
63
Barclays
Barclays
United Kingdom
$1.27B +$342M 67 1.39% Increased
64
D.E. Shaw & Co
D.E. Shaw & Co
New York
$1.23B -$163M 58 1.47% Reduced
65
VVP
Vulcan Value Partners
Alabama
$1.23B -$230M 3 14.44% Reduced
66
Citadel Advisors
Citadel Advisors
Florida
$1.23B +$261M 70 0.28% Increased
67
Viking Global Investors
Viking Global Investors
Connecticut
$1.23B -$250M 2 5.67% Reduced
68
Credit Suisse
Credit Suisse
Switzerland
$1.22B -$40.3M 69 1.36% Reduced
69
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.22B -$21.8M 27 1.81% Reduced
70
Lazard Asset Management
Lazard Asset Management
New York
$1.21B -$79.2M 36 1.77% Reduced
71
Primecap Management
Primecap Management
California
$1.18B -$21.2M 11 1.14% Reduced
72
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$1.17B +$27.3M 2 5.35% Increased
73
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$1.17B -$56.9M 58 1.22% Reduced
74
Prudential Financial
Prudential Financial
New Jersey
$1.15B -$59.4M 47 1.95% Reduced
75
EARNEST Partners
EARNEST Partners
Georgia
$1.14B +$22.6M 34 7.63% Increased