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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
Sanders Capital
Sanders Capital
Florida
$4.6B +$273M 4 5.3% Increased
52
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$4.42B +$786M 83 2% Increased
53
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$4.33B +$203M 61 2.94% Increased
54
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$4.28B -$956M 50 2.86% Reduced
55
Citadel Advisors
Citadel Advisors
Florida
$4.24B +$729M 90 0.64% Increased
56
National Pension Service
National Pension Service
South Korea
$4.21B +$240M 18 3.11% Increased
57
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$4.15B -$70.1M 28 5% Reduced
58
Envestnet Asset Management
Envestnet Asset Management
Illinois
$4.12B -$369M 64 1.22% Reduced
59
California Public Employees Retirement System
California Public Employees Retirement System
California
$4.11B -$622M 35 2.35% Reduced
60
LPL Financial
LPL Financial
California
$3.97B +$102M 83 1.08% Increased
61
ClearBridge Investments
ClearBridge Investments
New York
$3.89B -$383M 18 3.12% Reduced
62
American Century Companies
American Century Companies
Missouri
$3.88B +$440M 60 1.95% Increased
63
HSBC Holdings
HSBC Holdings
United Kingdom
$3.86B +$77.8M 55 1.97% Increased
64
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$3.82B -$117M 74 3.09% Reduced
65
Janus Henderson Group
Janus Henderson Group
$3.74B +$72.7M 61 1.68% Increased
66
Citigroup
Citigroup
New York
$3.69B +$97.5M 92 1.63% Increased
67
Boston Partners
Boston Partners
Massachusetts
$3.61B +$46.1M 17 3.74% Increased
68
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$3.54B -$637M 25 2.24% Reduced
69
Neuberger Berman Group
Neuberger Berman Group
New York
$3.45B -$300M 56 2.57% Reduced
70
Millennium Management
Millennium Management
New York
$3.4B +$503M 82 1.43% Increased
71
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$3.22B -$35.4M 71 3.22% Reduced
72
SEI Investments
SEI Investments
Pennsylvania
$3.04B +$307M 75 3% Increased
73
VOYA Investment Management
VOYA Investment Management
Georgia
$2.9B +$346M 58 2.86% Increased
74
Stifel Financial
Stifel Financial
Missouri
$2.85B -$26.9M 65 2.57% Reduced
75
National Bank of Canada
National Bank of Canada
Quebec, Canada
$2.71B +$340M 50 2.46% Increased