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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
Raymond James & Associates
Raymond James & Associates
Florida
$1.26B +$96.3M 44 1.75% Increased
77
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$1.26B +$152M 9 5.07% Increased
78
Aristotle Capital Management
Aristotle Capital Management
California
$1.25B +$15.2M 4 6.65% Increased
79
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.23B +$9.83M 48 3.22% Increased
80
Epoch Investment Partners
Epoch Investment Partners
New York
$1.21B +$24.4M 9 5.53% Increased
81
Longview Partners
Longview Partners
Guernsey
$1.2B +$2.11M 1 5.59% Increased
82
William Blair Investment Management
William Blair Investment Management
Illinois
$1.18B -$6.63M 10 5.05% Reduced
83
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$1.18B -$9.89M 44 3.65% Reduced
84
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.17B -$78.4M 10 3.03% Reduced
85
Charles Schwab Investment Advisory
Charles Schwab Investment Advisory
California
$1.16B +$22.3M 3 1.79% Increased
86
Viking Global Investors
Viking Global Investors
Connecticut
$1.13B -$815M 2 5.88% Reduced
87
Stifel Financial
Stifel Financial
Missouri
$1.13B -$23.8M 42 2.88% Reduced
88
Two Sigma Advisers
Two Sigma Advisers
New York
$1.12B +$53.9M 42 2.75% Increased
89
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$1.1B +$396M 1 3.88% Increased
90
LSV Asset Management
LSV Asset Management
Illinois
$1.1B +$134M 19 1.82% Increased
91
Citigroup
Citigroup
New York
$1.08B -$123M 58 0.86% Reduced
92
Tiger Global Management
Tiger Global Management
New York
$1.08B $0 1 5.7% Maintained
93
Davis Selected Advisers
Davis Selected Advisers
Arizona
$1.07B -$44.5M 1 5.41% Reduced
94
Russell Investments Group
Russell Investments Group
United Kingdom
$1.07B -$32.1M 57 2.07% Reduced
95
Harris Associates
Harris Associates
Illinois
$1.07B -$108M 2 2.07% Reduced
96
Baupost Group
Baupost Group
Massachusetts
$1.03B $0 1 11.71% Maintained
97
National Pension Service
National Pension Service
South Korea
$976M +$72.7M 12 3.09% Increased
98
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$968M -$28.8M 19 3.29% Reduced
99
Eagle Asset Management
Eagle Asset Management
Florida
$961M +$139M 15 4.96% Increased
100
HSBC Holdings
HSBC Holdings
United Kingdom
$947M -$13.7M 49 1.77% Reduced