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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
Aberdeen Asset Management
Aberdeen Asset Management
United Kingdom
$1.3B -$138M 14 3.27% Reduced
77
Citadel Advisors
Citadel Advisors
Florida
$1.3B +$301M 52 1.28% Increased
78
Parametric Portfolio Associates
Parametric Portfolio Associates
Washington
$1.28B -$11.2M 54 2.69% Reduced
79
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.26B -$57.6M 11 3.32% Reduced
80
Teachers Advisors
Teachers Advisors
New York
$1.24B -$95.9M 50 2.38% Reduced
81
Epoch Investment Partners
Epoch Investment Partners
New York
$1.18B +$25.8M 9 4.27% Increased
82
AQR Capital Management
AQR Capital Management
Connecticut
$1.15B +$239M 38 2.41% Increased
83
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.15B -$18.3M 50 3.33% Reduced
84
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.11B -$10.9M 46 3.49% Reduced
85
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.09B -$20.3M 16 3.21% Reduced
86
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.08B +$6.95M 34 3.71% Increased
87
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.08B $0 1 1.56% Maintained
88
D.E. Shaw & Co
D.E. Shaw & Co
New York
$1.06B +$10.6M 40 1.37% Increased
89
I.G. Investment Management
I.G. Investment Management
Manitoba, Canada
$1.02B +$162M 13 3.69% Increased
90
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$990M +$44.9M 10 1.37% Increased
91
Dodge & Cox
Dodge & Cox
California
$983M -$682M 4 0.91% Reduced
92
GAMCO Investors
GAMCO Investors
Connecticut
$967M -$20.3M 24 5.04% Reduced
93
AIG
American International Group
New York
$960M +$179M 51 4.15% Increased
94
MTB
Mizuho Trust & Banking
Japan
$933M +$22.1M 15 3.28% Increased
95
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$933M -$212M 12 2.37% Reduced
96
Barclays
Barclays
United Kingdom
$926M +$43.4M 55 0.89% Increased
97
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$917M -$33.1M 21 3.54% Reduced
98
Lazard Asset Management
Lazard Asset Management
New York
$911M -$23.4M 15 1.95% Reduced
99
Macquarie Group
Macquarie Group
Australia
$892M -$28.7M 27 1.84% Reduced
100
BlackRock Japan
BlackRock Japan
Japan
$883M +$71.4M 21 3.38% Increased