← 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
76
Bank of Montreal
Bank of Montreal
Ontario, Canada
$1.29B -$78.3M 45 1.46% Reduced
77
TD Asset Management
TD Asset Management
Ontario, Canada
$1.26B +$28.4M 25 2.17% Increased
78
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.25B +$15.2M 12 3.39% Increased
79
First Eagle Investment Management
First Eagle Investment Management
New York
$1.24B +$40.4M 9 3.09% Increased
80
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.23B -$4.46M 54 2.72% Reduced
81
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.12B -$32.6M 49 3.36% Reduced
82
Epoch Investment Partners
Epoch Investment Partners
New York
$1.11B +$52.7M 9 4.34% Increased
83
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.09B $0 1 1.62% Maintained
84
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.08B -$19.8M 46 3.51% Reduced
85
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.08B -$11.7M 17 2.7% Reduced
86
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.06B -$269M 15 3.17% Reduced
87
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.03B +$6.66M 34 3.72% Increased
88
D.E. Shaw & Co
D.E. Shaw & Co
New York
$1B -$362M 39 1.3% Reduced
89
GAMCO Investors
GAMCO Investors
Connecticut
$940M +$9.8M 25 5.06% Increased
90
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$926M +$45.4M 22 3.66% Increased
91
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$922M -$79.9M 10 1.28% Reduced
92
Citadel Advisors
Citadel Advisors
Florida
$903M -$142M 49 0.95% Reduced
93
MTB
Mizuho Trust & Banking
Japan
$878M -$50M 16 3.32% Reduced
94
Lazard Asset Management
Lazard Asset Management
New York
$863M +$235M 15 1.85% Increased
95
Macquarie Group
Macquarie Group
Australia
$852M +$94.6M 27 1.83% Increased
96
Barclays
Barclays
United Kingdom
$848M +$75.3M 56 0.82% Increased
97
AQR Capital Management
AQR Capital Management
Connecticut
$846M -$41.6M 40 2.33% Reduced
98
Canada Life
Canada Life
Manitoba, Canada
$825M +$19.8M 45 2.76% Increased
99
Credit Agricole
Credit Agricole
France
$810M +$42.8M 29 3.45% Increased
100
Royce & Associates
Royce & Associates
New York
$808M -$7.65M 35 2.73% Reduced