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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
Macquarie Group
Macquarie Group
Australia
$1.39B +$141M 37 1.99% Increased
77
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.38B +$9M 42 3.22% Increased
78
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.36B +$10.1M 16 3.32% Increased
79
Longview Partners
Longview Partners
Guernsey
$1.36B -$5.15M 1 5.72% Reduced
80
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$1.36B -$19.7M 1 4.33% Reduced
81
Two Sigma Advisers
Two Sigma Advisers
New York
$1.33B +$193M 45 3.09% Increased
82
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.31B +$29.3M 41 3.29% Increased
83
Citigroup
Citigroup
New York
$1.29B +$196M 61 0.94% Increased
84
LSV Asset Management
LSV Asset Management
Illinois
$1.28B +$56.4M 22 2% Increased
85
Charles Schwab Investment Advisory
Charles Schwab Investment Advisory
California
$1.27B +$28.3M 3 1.8% Increased
86
Raymond James & Associates
Raymond James & Associates
Florida
$1.26B +$7.67M 46 1.6% Increased
87
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.23B -$10.4M 48 3% Reduced
88
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$1.22B -$17.4M 41 3.46% Reduced
89
William Blair Investment Management
William Blair Investment Management
Illinois
$1.19B -$42.4M 10 4.75% Reduced
90
Tiger Global Management
Tiger Global Management
New York
$1.16B $0 1 6.38% Maintained
91
Davis Selected Advisers
Davis Selected Advisers
Arizona
$1.13B -$42.3M 1 5.43% Reduced
92
Brown Advisory
Brown Advisory
Maryland
$1.12B +$197M 22 2.84% Increased
93
Two Sigma Investments
Two Sigma Investments
New York
$1.09B +$573M 39 3.28% Increased
94
Russell Investments Group
Russell Investments Group
United Kingdom
$1.08B -$61.1M 56 2.02% Reduced
95
HSBC Holdings
HSBC Holdings
United Kingdom
$1.05B +$76.5M 48 1.83% Increased
96
Epoch Investment Partners
Epoch Investment Partners
New York
$1.03B -$164M 9 4.46% Reduced
97
First Trust Advisors
First Trust Advisors
Illinois
$1.03B +$244M 46 1.76% Increased
98
National Pension Service
National Pension Service
South Korea
$1.03B +$46.5M 12 2.82% Increased
99
Harris Associates
Harris Associates
Illinois
$1.02B -$249M 2 1.81% Reduced
100
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$1.02B -$76.8M 10 2.52% Reduced