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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	Russell Investments Group London, United Kingdom	$1.29B	+$1.25B	54	2.53%	New
77	Eaton Vance Management Boston, Massachusetts	$1.28B	-$179M	22	3.61%	Reduced
78	VOYA Investment Management Atlanta, Georgia	$1.25B	-$137M	46	2.99%	Reduced
79	Renaissance Technologies New York	$1.22B	+$230M	58	1.94%	Increased
80	Lord, Abbett & Co Jersey City, New Jersey	$1.21B	+$5.34M	19	3.66%	Increased
81	State Board of Administration of Florida Retirement System Tallahassee, Florida	$1.2B	-$999K	49	3.64%	Reduced
82	Victory Capital Management San Antonio, Texas	$1.17B	+$93.9M	34	2.96%	Increased
83	Epoch Investment Partners New York	$1.13B	-$152M	8	4.26%	Reduced
84	Lazard Asset Management New York	$1.13B	-$250M	14	2.3%	Reduced
85	Fidelity International Hamilton, Bermuda	$1.12B	-$114M	10	3.29%	Reduced
86	Macquarie Group Sydney, NSW 2000, Australia	$1.09B	-$53.6M	27	2.09%	Reduced
87	Primecap Management Pasadena, California	$1.09B	+$6.79M	8	1.07%	Increased
88	Waddell & Reed Financial Overland Park, Kansas	$1.08B	-$236M	16	2.37%	Reduced
89	BlackRock Japan Tokyo, Japan	$1.07B	+$17.5M	18	3.53%	Increased
90	TOGEPT Trustees of General Electric Pension Trust Norwalk, Connecticut	$1.04B	+$996M	1	100%	New
91	D.E. Shaw & Co New York	$970M	-$78.7M	43	1.65%	Reduced
92	HSBC Holdings London, United Kingdom	$969M	-$18.8M	45	2.26%	Reduced
93	First Pacific Advisors El Segundo, California	$967M	-$62.8M	3	7.7%	Reduced
94	Canada Life Winnipeg, Manitoba, Canada	$949M	-$90.8M	48	2.67%	Reduced
95	GAMCO Investors Greenwich, Connecticut	$947M	-$62.6M	24	5.98%	Reduced
96	Westwood Holdings Group Dallas, Texas	$943M	-$1.49M	14	7.7%	Reduced
97	SAM Southeastern Asset Management Memphis, Tennessee	$936M	-$88.4M	2	9.03%	Reduced
98	AIG American International Group New York	$926M	+$27.1M	52	3.57%	Increased
99	Davis Selected Advisers Tucson, Arizona	$921M	-$54.4M	1	4.03%	Reduced
100	William Blair Investment Management Chicago, Illinois	$920M	-$53.3M	10	3.67%	Reduced