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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
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.03B +$118M 16 2.83% Increased
77
Barclays
Barclays
United Kingdom
$1.02B -$618M 61 0.79% Reduced
78
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.01B +$112M 13 2.85% Increased
79
Aristotle Capital Management
Aristotle Capital Management
California
$1B +$87.2M 5 6.77% Increased
80
Macquarie Group
Macquarie Group
Australia
$996M +$63M 37 1.92% Increased
81
Fisher Asset Management
Fisher Asset Management
Washington
$982M +$57.3M 13 1.34% Increased
82
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$966M -$1.11M 48 2.89% Reduced
83
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$951M -$10.1M 26 0.88% Reduced
84
William Blair Investment Management
William Blair Investment Management
Illinois
$935M -$329M 9 4.64% Reduced
85
SAM
Southeastern Asset Management
Tennessee
$933M +$92.6M 3 13.31% Increased
86
Viking Global Investors
Viking Global Investors
Connecticut
$923M -$1.35B 2 5.25% Reduced
87
Russell Investments Group
Russell Investments Group
United Kingdom
$917M +$97.6M 48 2.05% Increased
88
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$916M +$50M 38 2.99% Increased
89
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$896M +$22M 42 3.23% Increased
90
HSBC Holdings
HSBC Holdings
United Kingdom
$893M -$230M 37 1.65% Reduced
91
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$889M +$450M 9 3.92% Increased
92
Renaissance Technologies
Renaissance Technologies
New York
$864M +$221M 52 0.95% Increased
93
Epoch Investment Partners
Epoch Investment Partners
New York
$858M +$156M 8 3.99% Increased
94
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$857M +$152M 17 2.25% Increased
95
Longview Partners
Longview Partners
Guernsey
$839M +$268M 1 4.47% Increased
96
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$830M -$182M 20 3.03% Reduced
97
GAMCO Investors
GAMCO Investors
Connecticut
$826M -$32.1M 22 6.99% Reduced
98
Baupost Group
Baupost Group
Massachusetts
$810M $0 1 7.03% Maintained
99
Citigroup
Citigroup
New York
$806M +$173M 52 0.82% Increased
100
Winslow Capital Management
Winslow Capital Management
Minnesota
$800M -$147M 4 4.96% Reduced