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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
Bank of Montreal
Bank of Montreal
Ontario, Canada
$2.24B -$88.3M 50 0.78% Reduced
52
Millennium Management
Millennium Management
New York
$2.23B +$340M 69 1.13% Increased
53
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$2B +$11.6M 68 2.32% Increased
54
Envestnet Asset Management
Envestnet Asset Management
Illinois
$2B +$469M 52 0.91% Increased
55
Fisher Asset Management
Fisher Asset Management
Washington
$1.91B +$61.6M 19 1.08% Increased
56
Neuberger Berman Group
Neuberger Berman Group
New York
$1.83B -$280M 41 1.67% Reduced
57
Renaissance Technologies
Renaissance Technologies
New York
$1.73B -$28.1M 65 2.96% Reduced
58
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$1.71B -$149M 62 2.46% Reduced
59
Citadel Advisors
Citadel Advisors
Florida
$1.67B -$154M 77 0.36% Reduced
60
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$1.65B -$346M 2 7.64% Reduced
61
Raymond James & Associates
Raymond James & Associates
Florida
$1.63B -$85.1M 50 1.37% Reduced
62
Lazard Asset Management
Lazard Asset Management
New York
$1.61B +$215M 46 2.18% Increased
63
Credit Suisse
Credit Suisse
Switzerland
$1.58B +$16.6M 55 1.6% Increased
64
Two Sigma Advisers
Two Sigma Advisers
New York
$1.57B +$240M 42 4.02% Increased
65
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.56B -$84M 60 2.4% Reduced
66
Stifel Financial
Stifel Financial
Missouri
$1.56B -$21.6M 53 2.19% Reduced
67
Deutsche Bank
Deutsche Bank
Germany
$1.5B -$445M 62 0.97% Reduced
68
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.49B -$37.5M 33 2.5% Reduced
69
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$1.48B +$166M 13 5.63% Increased
70
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.48B +$92.7M 59 0.86% Increased
71
HSBC Holdings
HSBC Holdings
United Kingdom
$1.48B +$36.3M 41 1.54% Increased
72
National Pension Service
National Pension Service
South Korea
$1.48B +$43.7M 15 2.36% Increased
73
Putnam Investments
Putnam Investments
Massachusetts
$1.43B -$73.8M 23 2.17% Reduced
74
Primecap Management
Primecap Management
California
$1.4B +$47.1M 10 1.18% Increased
75
Prudential Financial
Prudential Financial
New Jersey
$1.36B -$21.6M 49 2.13% Reduced