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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
76
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.24B -$1.59M 54 2.94% Reduced
77
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.2B -$33.9M 49 3.56% Reduced
78
Epoch Investment Partners
Epoch Investment Partners
New York
$1.19B -$217M 9 4.79% Reduced
79
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.18B +$30.8M 59 1.89% Increased
80
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.18B -$548M 13 3.23% Reduced
81
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.18B -$10.9M 16 2.68% Reduced
82
APG Asset Management
APG Asset Management
Netherlands
$1.17B +$66.1M 18 3.04% Increased
83
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.15B +$77.1M 12 3.47% Increased
84
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.15B -$122M 47 3.75% Reduced
85
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.1B +$2.78M 1 1.71% Increased
86
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.09B +$871K 44 1.41% Increased
87
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.07B -$3.44M 34 4.07% Reduced
88
Aberdeen Asset Management
Aberdeen Asset Management
United Kingdom
$1.04B -$45.6M 11 2.9% Reduced
89
SONJCPFA
State of New Jersey Common Pension Fund A
New Jersey
$996M +$97.9M 23 4.7% Increased
90
Harris Associates
Harris Associates
Illinois
$993M -$368M 5 1.78% Reduced
91
Barclays
Barclays
United Kingdom
$989M -$22.5M 54 1.12% Reduced
92
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$975M +$214M 12 1.48% Increased
93
GAMCO Investors
GAMCO Investors
Connecticut
$957M -$31.7M 23 5.17% Reduced
94
MTB
Mizuho Trust & Banking
Japan
$953M -$67.4M 17 3.58% Reduced
95
Brown Advisory
Brown Advisory
Maryland
$923M -$148M 17 2.94% Reduced
96
Acadian Asset Management
Acadian Asset Management
Massachusetts
$903M -$283M 18 4.73% Reduced
97
Citadel Advisors
Citadel Advisors
Florida
$893M +$30.9M 45 1.05% Increased
98
Royce & Associates
Royce & Associates
New York
$890M -$46.1M 34 2.63% Reduced
99
AL
AJO LP
Pennsylvania
$880M -$79.4M 11 3.84% Reduced
100
London Company of Virginia
London Company of Virginia
Virginia
$851M +$12.2M 5 9.57% Increased