← 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
HSBC Holdings
HSBC Holdings
United Kingdom
$2.65B +$14.4M 52 1.62% Increased
52
Bank of Montreal
Bank of Montreal
Ontario, Canada
$2.49B -$9.05M 52 0.72% Reduced
53
First Trust Advisors
First Trust Advisors
Illinois
$2.41B -$141M 46 2.46% Reduced
54
American Century Companies
American Century Companies
Missouri
$2.41B -$234M 57 1.48% Reduced
55
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$2.41B -$99.3M 71 2.26% Reduced
56
Victory Capital Management
Victory Capital Management
Texas
$2.23B -$423M 52 2.24% Reduced
57
VOYA Investment Management
VOYA Investment Management
Georgia
$2.23B -$261M 57 2.19% Reduced
58
Jennison Associates
Jennison Associates
New York
$2.2B +$896M 13 1.41% Increased
59
AQR Capital Management
AQR Capital Management
Connecticut
$2.17B +$303M 52 3.32% Increased
60
Macquarie Group
Macquarie Group
Australia
$2.1B -$149M 42 2.41% Reduced
61
Raymond James & Associates
Raymond James & Associates
Florida
$2.1B -$30.6M 50 1.38% Reduced
62
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$2.1B -$446M 40 2.06% Reduced
63
DZ Bank
DZ Bank
Germany
$2.06B -$338M 14 2.11% Reduced
64
Abrams Capital Management
Abrams Capital Management
Massachusetts
$2.05B +$2.08B 1 40.13% New
65
VanEck Associates
VanEck Associates
New York
$2B +$610M 35 2.84% Increased
66
Neuberger Berman Group
Neuberger Berman Group
New York
$1.98B +$235M 46 1.63% Increased
67
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$1.97B -$74.8M 65 2.41% Reduced
68
Stifel Financial
Stifel Financial
Missouri
$1.94B -$28.6M 53 2.18% Reduced
69
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$1.91B +$16.5M 71 2.5% Increased
70
National Pension Service
National Pension Service
South Korea
$1.91B -$81.2M 15 2.19% Reduced
71
Citadel Advisors
Citadel Advisors
Florida
$1.89B -$288M 85 0.38% Reduced
72
Citigroup
Citigroup
New York
$1.88B +$268M 74 1.21% Increased
73
Primecap Management
Primecap Management
California
$1.84B -$24.5M 12 1.34% Reduced
74
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
$1.82B +$13M 56 2.87% Increased
75
EARNEST Partners
EARNEST Partners
Georgia
$1.81B +$114M 14 8.46% Increased