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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
California Public Employees Retirement System
California Public Employees Retirement System
California
$4.67B +$276M 35 2.79% Increased
52
Envestnet Asset Management
Envestnet Asset Management
Illinois
$4.38B +$80.6M 62 1.26% Increased
53
Sanders Capital
Sanders Capital
Florida
$4.27B +$132M 4 5.25% Increased
54
ClearBridge Investments
ClearBridge Investments
New York
$4.24B -$73.9M 18 3.19% Reduced
55
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$4.13B -$48.5M 27 4.91% Reduced
56
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$4.12B -$1.2B 25 2.52% Reduced
57
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$4.03B +$211M 54 2.9% Increased
58
National Pension Service
National Pension Service
South Korea
$3.9B +$83.5M 17 3.03% Increased
59
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$3.9B +$7.85M 74 3.13% Increased
60
LPL Financial
LPL Financial
California
$3.87B +$369M 80 1.13% Increased
61
Janus Henderson Group
Janus Henderson Group
$3.75B -$98.1M 60 1.71% Reduced
62
HSBC Holdings
HSBC Holdings
United Kingdom
$3.72B -$83M 50 2.05% Reduced
63
Neuberger Berman Group
Neuberger Berman Group
New York
$3.64B -$50.5M 52 2.66% Reduced
64
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$3.61B -$727M 84 1.93% Reduced
65
Boston Partners
Boston Partners
Massachusetts
$3.57B -$287M 19 3.66% Reduced
66
Citigroup
Citigroup
New York
$3.56B -$217M 88 1.59% Reduced
67
Citadel Advisors
Citadel Advisors
Florida
$3.45B +$221M 94 0.52% Increased
68
American Century Companies
American Century Companies
Missouri
$3.3B -$205M 61 1.68% Reduced
69
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$3.21B +$65.8M 69 3.29% Increased
70
Millennium Management
Millennium Management
New York
$2.86B -$1.14B 79 1.22% Reduced
71
Stifel Financial
Stifel Financial
Missouri
$2.86B +$56.8M 60 2.61% Increased
72
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$2.67B -$56.7M 74 3.45% Reduced
73
SEI Investments
SEI Investments
Pennsylvania
$2.64B +$89M 62 2.84% Increased
74
Abrams Capital Management
Abrams Capital Management
Massachusetts
$2.56B $0 1 41.56% Maintained
75
DZ Bank
DZ Bank
Germany
$2.56B -$144M 20 2.24% Reduced