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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
Citadel Advisors
Citadel Advisors
Florida
$1.32B -$74.7M 40 1.01% Reduced
77
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.27B -$7.29M 49 3.47% Reduced
78
Primecap Management
Primecap Management
California
$1.26B -$101M 8 1.05% Reduced
79
AIG
American International Group
New York
$1.26B -$23.4M 46 4.47% Reduced
80
Fisher Asset Management
Fisher Asset Management
Washington
$1.26B +$2.9M 14 1.77% Increased
81
VOYA Investment Management
VOYA Investment Management
Georgia
$1.21B -$311M 48 2.61% Reduced
82
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.21B -$53.7M 21 3.12% Reduced
83
Macquarie Group
Macquarie Group
Australia
$1.18B -$111M 38 2.12% Reduced
84
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.16B +$76M 33 3.44% Increased
85
Two Sigma Advisers
Two Sigma Advisers
New York
$1.16B +$340M 35 3.3% Increased
86
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$1.14B +$246M 52 2.8% Increased
87
GAMCO Investors
GAMCO Investors
Connecticut
$1.07B -$7.77M 23 6.65% Reduced
88
William Blair Investment Management
William Blair Investment Management
Illinois
$1.07B +$12.9M 10 3.84% Increased
89
Artisan Partners
Artisan Partners
Wisconsin
$1.06B +$117M 8 1.96% Increased
90
Victory Capital Management
Victory Capital Management
Texas
$1.06B -$75.1M 34 2.38% Reduced
91
Canada Life
Canada Life
Manitoba, Canada
$1.04B +$4.24M 49 2.6% Increased
92
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.04B $0 1 1.39% Maintained
93
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.04B +$6.95M 20 3.03% Increased
94
Stifel Financial
Stifel Financial
Missouri
$1.02B +$9.74M 36 3.56% Increased
95
Thomaspartners
Thomaspartners
Massachusetts
$969M +$56.3M 4 7.75% Increased
96
Barclays
Barclays
United Kingdom
$969M -$38.3M 56 1% Reduced
97
Longview Partners
Longview Partners
Guernsey
$947M +$45.7M 1 5.12% Increased
98
SAM
Southeastern Asset Management
Tennessee
$940M -$3.31M 2 11.3% Reduced
99
Westwood Holdings Group
Westwood Holdings Group
Texas
$932M -$47.4M 13 7.4% Reduced
100
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$913M +$161M 15 2.11% Increased