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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
Citigroup
Citigroup
New York
$878M -$44.5M 61 0.79% Reduced
77
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$877M +$28.4M 46 2.66% Increased
78
LSV Asset Management
LSV Asset Management
Illinois
$874M -$14.2M 20 2.11% Reduced
79
Longview Partners
Longview Partners
Guernsey
$868M +$11.7M 1 4.67% Increased
80
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$850M -$13.5M 41 3.06% Reduced
81
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$839M -$131M 19 2.65% Reduced
82
Davis Selected Advisers
Davis Selected Advisers
Arizona
$824M +$156M 1 5.58% Increased
83
Jennison Associates
Jennison Associates
New York
$823M -$131M 12 1% Reduced
84
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$810M -$151M 43 2.7% Reduced
85
TD Asset Management
TD Asset Management
Ontario, Canada
$810M -$290M 31 1.37% Reduced
86
Barclays
Barclays
United Kingdom
$801M -$519M 57 0.63% Reduced
87
Russell Investments Group
Russell Investments Group
United Kingdom
$789M +$2.86M 54 2.05% Increased
88
Brown Advisory
Brown Advisory
Maryland
$777M -$91.8M 22 2.38% Reduced
89
First Trust Advisors
First Trust Advisors
Illinois
$777M -$22.5M 46 1.76% Reduced
90
HSBC Holdings
HSBC Holdings
United Kingdom
$757M +$68.8M 40 1.76% Increased
91
Fisher Asset Management
Fisher Asset Management
Washington
$755M -$317M 17 0.94% Reduced
92
Eagle Asset Management
Eagle Asset Management
Florida
$733M +$3.6M 15 4.56% Increased
93
WPL
WINDACRE PARTNERSHIP LLC
Texas
$724M +$903M 1 32.3% Increased
94
National Pension Service
National Pension Service
South Korea
$723M +$11.3M 12 2.45% Increased
95
Public Investment Fund
Public Investment Fund
Saudi Arabia
$714M +$1.31B 1 7.3% New
96
Bahl & Gaynor
Bahl & Gaynor
Ohio
$696M +$34.4M 12 6.07% Increased
97
Soroban Capital Partners
Soroban Capital Partners
New York
$693M +$571M 2 12.71% Increased
98
Stifel Financial
Stifel Financial
Missouri
$686M -$406M 46 1.89% Reduced
99
EARNEST Partners
EARNEST Partners
Georgia
$672M -$486K 33 7.57% Reduced
100
Truist Financial
Truist Financial
North Carolina
$662M +$14.1M 33 1.74% Increased