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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
Stifel Financial
Stifel Financial
Missouri
$1.28B +$73.8M 52 2.28% Increased
77
Raymond James & Associates
Raymond James & Associates
Florida
$1.26B +$28M 47 1.38% Increased
78
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.26B -$29.2M 25 1.97% Reduced
79
Tiger Global Management
Tiger Global Management
New York
$1.23B +$134M 2 3.14% Increased
80
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.2B +$233M 8 4.14% Increased
81
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.17B +$122M 19 2.71% Increased
82
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.17B -$12.1M 50 2.36% Reduced
83
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.16B -$29.7M 41 2.54% Reduced
84
Renaissance Technologies
Renaissance Technologies
New York
$1.14B +$173M 56 1.24% Increased
85
1832 Asset Management
1832 Asset Management
Ontario, Canada
$1.09B +$464M 15 2.56% Increased
86
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.07B +$19.3M 25 2.34% Increased
87
HSBC Holdings
HSBC Holdings
United Kingdom
$1.04B -$10.3M 48 1.39% Reduced
88
National Pension Service
National Pension Service
South Korea
$1.01B +$13.2M 14 2.3% Increased
89
Barclays
Barclays
United Kingdom
$1B -$208M 57 0.53% Reduced
90
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$1B +$27.5M 15 2.9% Increased
91
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$987M +$30.7M 46 2.28% Increased
92
TD Asset Management
TD Asset Management
Ontario, Canada
$967M -$30.4M 31 1.17% Reduced
93
DTA
Disruptive Technology Advisers
Texas
$966M +$734M 1 100% New
94
Stockbridge Partners
Stockbridge Partners
Massachusetts
$962M $0 1 22.37% Maintained
95
Harris Associates
Harris Associates
Illinois
$961M -$48.8M 3 1.86% Reduced
96
Brown Advisory
Brown Advisory
Maryland
$946M -$41.9M 26 1.68% Reduced
97
EARNEST Partners
EARNEST Partners
Georgia
$941M +$65.9M 33 6.5% Increased
98
ACM
Atlanta Capital Management
Georgia
$934M -$100M 5 3.35% Reduced
99
Truist Financial
Truist Financial
North Carolina
$932M +$116M 34 1.78% Increased
100
Two Sigma Advisers
Two Sigma Advisers
New York
$932M -$201M 44 2.49% Reduced