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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
LSV Asset Management
LSV Asset Management
Illinois
$1.35B -$92M 26 2.79% Reduced
77
Teachers Advisors
Teachers Advisors
New York
$1.33B +$47.2M 51 2.48% Increased
78
Trian Fund Management
Trian Fund Management
New York
$1.32B +$1.34B 1 12.74% New
79
TD Asset Management
TD Asset Management
Ontario, Canada
$1.31B -$678K 23 2.33% Reduced
80
VVP
Vulcan Value Partners
Alabama
$1.22B +$156M 5 11.54% Increased
81
Swiss National Bank
Swiss National Bank
Switzerland
$1.2B +$57.4M 45 3.1% Increased
82
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.18B +$15.1M 12 3.12% Increased
83
London Company of Virginia
London Company of Virginia
Virginia
$1.17B +$246M 6 10.17% Increased
84
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.17B +$110M 14 3.08% Increased
85
Primecap Management
Primecap Management
California
$1.13B -$228M 6 1.11% Reduced
86
Epoch Investment Partners
Epoch Investment Partners
New York
$1.13B -$56.3M 9 4.16% Reduced
87
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.11B -$25.1M 1 1.68% Reduced
88
Aberdeen Asset Management
Aberdeen Asset Management
United Kingdom
$1.11B -$45.3M 13 3.19% Reduced
89
Lazard Asset Management
Lazard Asset Management
New York
$1.04B +$26M 13 2.19% Increased
90
MTB
Mizuho Trust & Banking
Japan
$1.04B +$40.3M 14 3.44% Increased
91
AIG
American International Group
New York
$1.04B +$28.5M 54 4.17% Increased
92
Carlyle Group
Carlyle Group
District of Columbia
$1.03B $0 1 6.11% Maintained
93
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.02B -$54.8M 33 3.58% Reduced
94
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$1.01B -$159M 51 3.23% Reduced
95
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$989M -$50.5M 46 3.51% Reduced
96
Citadel Advisors
Citadel Advisors
Florida
$989M -$261M 47 0.86% Reduced
97
GAMCO Investors
GAMCO Investors
Connecticut
$979M +$1.68M 25 5.31% Increased
98
D.E. Shaw & Co
D.E. Shaw & Co
New York
$974M -$159M 43 1.45% Reduced
99
Fiduciary Management Inc
Fiduciary Management Inc
Wisconsin
$925M +$99.8M 2 4.81% Increased
100
BlackRock Japan
BlackRock Japan
Japan
$898M +$11.6M 19 3.47% Increased