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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
Macquarie Group
Macquarie Group
Australia
$2.54B -$314M 36 2.94% Reduced
52
ClearBridge Investments
ClearBridge Investments
New York
$2.52B -$65.7M 15 2.16% Reduced
53
First Trust Advisors
First Trust Advisors
Illinois
$2.51B -$327M 48 2.74% Reduced
54
Envestnet Asset Management
Envestnet Asset Management
Illinois
$2.36B +$49.7M 53 0.97% Increased
55
Millennium Management
Millennium Management
New York
$2.35B -$169M 72 1.02% Reduced
56
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$2.29B -$34.4M 68 2.39% Reduced
57
Fisher Asset Management
Fisher Asset Management
Washington
$2.24B -$139M 20 1.19% Reduced
58
Raymond James & Associates
Raymond James & Associates
Florida
$1.96B +$62.7M 51 1.47% Increased
59
Renaissance Technologies
Renaissance Technologies
New York
$1.89B -$76.7M 66 2.93% Reduced
60
HSBC Holdings
HSBC Holdings
United Kingdom
$1.85B +$89.3M 37 1.61% Increased
61
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$1.84B -$144M 62 2.54% Reduced
62
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.84B +$15.4M 59 2.54% Increased
63
Stifel Financial
Stifel Financial
Missouri
$1.82B +$25.6M 53 2.29% Increased
64
National Pension Service
National Pension Service
South Korea
$1.77B +$33.3M 15 2.46% Increased
65
VOYA Investment Management
VOYA Investment Management
Georgia
$1.74B +$195M 56 1.79% Increased
66
Putnam Investments
Putnam Investments
Massachusetts
$1.73B +$108M 26 2.28% Increased
67
Lazard Asset Management
Lazard Asset Management
New York
$1.72B -$142M 44 2.17% Reduced
68
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.69B -$20.6M 57 1.01% Reduced
69
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$1.65B -$208M 2 6.99% Reduced
70
Primecap Management
Primecap Management
California
$1.64B +$40.6M 11 1.3% Increased
71
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$1.62B -$92.9M 13 5.76% Reduced
72
Citadel Advisors
Citadel Advisors
Florida
$1.61B -$302M 77 0.32% Reduced
73
EARNEST Partners
EARNEST Partners
Georgia
$1.6B +$45.4M 15 8.01% Increased
74
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.56B -$10.6M 30 2.35% Reduced
75
Jane Street
Jane Street
New York
$1.54B +$780M 72 0.4% Increased