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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
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.01B +$16.1M 42 2.54% Increased
77
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$978M +$554M 45 1.8% Increased
78
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$966M +$20.1M 48 2.39% Increased
79
Stifel Financial
Stifel Financial
Missouri
$935M +$177M 48 2.15% Increased
80
Longview Partners
Longview Partners
Guernsey
$926M -$264M 1 4.4% Reduced
81
Renaissance Technologies
Renaissance Technologies
New York
$926M -$80.2M 56 0.8% Reduced
82
Barclays
Barclays
United Kingdom
$914M +$24M 61 0.71% Increased
83
First Trust Advisors
First Trust Advisors
Illinois
$896M +$53.7M 47 1.55% Increased
84
ACM
Atlanta Capital Management
Georgia
$883M +$249M 6 3.74% Increased
85
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$849M -$39.9M 42 2.35% Reduced
86
VOYA Investment Management
VOYA Investment Management
Georgia
$820M -$157M 51 1.91% Reduced
87
National Pension Service
National Pension Service
South Korea
$818M +$41.5M 14 2.34% Increased
88
Jennison Associates
Jennison Associates
New York
$812M -$135M 12 0.73% Reduced
89
Adage Capital Partners
Adage Capital Partners
Massachusetts
$800M -$363M 20 2.05% Reduced
90
Brown Advisory
Brown Advisory
Maryland
$800M +$991K 22 1.86% Increased
91
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$791M -$334M 7 3.1% Reduced
92
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$785M -$136M 43 2.35% Reduced
93
WPL
WINDACRE PARTNERSHIP LLC
Texas
$778M -$190M 1 24.66% Reduced
94
Tiger Global Management
Tiger Global Management
New York
$777M $0 1 3.01% Maintained
95
Lone Pine Capital
Lone Pine Capital
Connecticut
$774M +$369M 1 3.91% Increased
96
Russell Investments Group
Russell Investments Group
United Kingdom
$772M -$95.6M 56 1.72% Reduced
97
Truist Financial
Truist Financial
North Carolina
$755M +$46.3M 35 1.7% Increased
98
Two Sigma Advisers
Two Sigma Advisers
New York
$753M +$208M 43 2.21% Increased
99
Bahl & Gaynor
Bahl & Gaynor
Ohio
$746M +$3.12M 12 5.61% Increased
100
TD Asset Management
TD Asset Management
Ontario, Canada
$731M -$134M 29 1.04% Reduced