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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
TD Asset Management
TD Asset Management
Ontario, Canada
$1.28B +$70.8M 23 2.52% Increased
77
LSV Asset Management
LSV Asset Management
Illinois
$1.28B +$1.74M 24 2.86% Increased
78
Swiss National Bank
Swiss National Bank
Switzerland
$1.24B +$124M 45 3.18% Increased
79
VVP
Vulcan Value Partners
Alabama
$1.24B +$200M 5 11.97% Increased
80
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.22B +$53.8M 13 3.35% Increased
81
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.19B +$116M 15 3.6% Increased
82
Institutional Capital
Institutional Capital
Illinois
$1.09B -$377M 3 9.08% Reduced
83
Carlyle Group
Carlyle Group
District of Columbia
$1.07B $0 1 7.77% Maintained
84
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.06B +$306M 10 1.75% Increased
85
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.05B $0 1 1.76% Maintained
86
Lazard Asset Management
Lazard Asset Management
New York
$1.04B +$138M 15 2.5% Increased
87
AIG
American International Group
New York
$1.04B +$16.8M 56 4.55% Increased
88
MTB
Mizuho Trust & Banking
Japan
$1.01B +$37.2M 14 3.51% Increased
89
London Company of Virginia
London Company of Virginia
Virginia
$1.01B +$25.9M 5 9.34% Increased
90
Primecap Management
Primecap Management
California
$978M -$49.7M 6 1.09% Reduced
91
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
$954M +$13.1M 51 3.25% Increased
92
HSBC Holdings
HSBC Holdings
United Kingdom
$948M -$333M 30 2.39% Reduced
93
Citadel Advisors
Citadel Advisors
Florida
$931M +$22.7M 46 0.88% Increased
94
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$920M -$12.6M 33 3.55% Reduced
95
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$919M -$3.52M 47 3.56% Reduced
96
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$915M +$145M 39 0.4% Increased
97
BlackRock Japan
BlackRock Japan
Japan
$879M +$37.3M 17 3.52% Increased
98
Baupost Group
Baupost Group
Massachusetts
$859M +$148M 2 14.31% Increased
99
First Pacific Advisors
First Pacific Advisors
California
$859M +$408M 4 7.4% Increased
100
Macquarie Group
Macquarie Group
Australia
$854M +$8.93M 27 1.83% Increased