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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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
76	Lord, Abbett & Co Jersey City, New Jersey	$1.33B	-$142M	17	4.17%	Reduced
77	Schroder Investment Management Group London, United Kingdom	$1.31B	-$14.5M	22	2.71%	Reduced
78	Bank of Montreal Toronto, Ontario, Canada	$1.25B	-$222M	53	1.34%	Reduced
79	TD Asset Management Toronto, Ontario, Canada	$1.25B	-$53.5M	25	2.34%	Reduced
80	Lazard Asset Management New York	$1.24B	-$89.1M	13	2.7%	Reduced
81	VOYA Investment Management Atlanta, Georgia	$1.23B	-$233M	45	3.05%	Reduced
82	Epoch Investment Partners New York	$1.2B	-$34.5M	9	4.54%	Reduced
83	MTB Mizuho Trust & Banking Tokyo, Japan	$1.18B	+$32M	14	3.73%	Increased
84	Waddell & Reed Financial Overland Park, Kansas	$1.17B	-$90.3M	14	2.2%	Reduced
85	RhumbLine Advisers Boston, Massachusetts	$1.11B	+$42.3M	51	3.46%	Increased
86	Lone Pine Capital Greenwich, Connecticut	$1.11B	+$199M	2	5.52%	Increased
87	First Eagle Investment Management New York	$1.07B	-$156M	11	2.72%	Reduced
88	SAM Southeastern Asset Management Memphis, Tennessee	$1.05B	+$153M	2	10.06%	Increased
89	Primecap Management Pasadena, California	$1.05B	-$15.6M	6	1.09%	Reduced
90	Renaissance Technologies New York	$1.05B	+$214M	59	1.99%	Increased
91	Baupost Group Boston, Massachusetts	$1.03B	+$57.9M	2	14.93%	Increased
92	Fidelity International Hamilton, Bermuda	$1.03B	+$137M	12	3.19%	Increased
93	Fred Alger Management New York	$1B	+$225M	10	5.08%	Increased
94	BlackRock Japan Tokyo, Japan	$998M	-$4.65M	21	3.72%	Reduced
95	First Pacific Advisors El Segundo, California	$990M	-$7.31M	3	8.98%	Reduced
96	Macquarie Group Sydney, NSW 2000, Australia	$983M	+$8.82M	27	1.98%	Increased
97	State Board of Administration of Florida Retirement System Tallahassee, Florida	$983M	-$26.9M	49	3.74%	Reduced
98	Westwood Holdings Group Dallas, Texas	$970M	+$52.4M	14	8.37%	Increased
99	State of Wisconsin Investment Board Madison, Wisconsin	$914M	-$73.6M	32	3.57%	Reduced
100	Davis Selected Advisers Tucson, Arizona	$903M	+$6.96M	3	4%	Increased