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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
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$1.41B -$21.9M 28 1.08% Reduced
77
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$1.36B +$461M 64 0.21% Increased
78
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$1.35B -$542M 40 1.8% Reduced
79
Allianz Asset Management
Allianz Asset Management
Germany
$1.32B -$477M 32 1.28% Reduced
80
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.27B -$76.2M 8 4.05% Reduced
81
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.23B -$45.1M 51 2.44% Reduced
82
HSBC Holdings
HSBC Holdings
United Kingdom
$1.22B +$55.6M 45 1.44% Increased
83
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.22B -$53.2M 41 2.63% Reduced
84
Harris Associates
Harris Associates
Illinois
$1.22B +$65.3M 4 2.08% Increased
85
EARNEST Partners
EARNEST Partners
Georgia
$1.18B +$169M 34 7.03% Increased
86
Renaissance Technologies
Renaissance Technologies
New York
$1.15B -$79.9M 57 1.43% Reduced
87
National Pension Service
National Pension Service
South Korea
$1.15B +$36.8M 15 2.4% Increased
88
Tiger Global Management
Tiger Global Management
New York
$1.1B $0 2 2.53% Maintained
89
William Blair Investment Management
William Blair Investment Management
Illinois
$1.09B -$242M 11 3.53% Reduced
90
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.07B +$7.63M 46 2.29% Increased
91
Truist Financial
Truist Financial
North Carolina
$1.06B +$52.1M 33 1.85% Increased
92
ACM
Atlanta Capital Management
Georgia
$1.06B +$106M 5 3.74% Increased
93
Viking Global Investors
Viking Global Investors
Connecticut
$1.05B +$132M 2 3.14% Increased
94
1832 Asset Management
1832 Asset Management
Ontario, Canada
$1.05B -$107M 11 2.28% Reduced
95
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$1.04B +$13.9M 11 2.79% Increased
96
Envestnet Asset Management
Envestnet Asset Management
Illinois
$1.04B +$216M 49 0.68% Increased
97
ARK Investment Management
ARK Investment Management
Florida
$971M +$836M 17 1.93% Increased
98
TD Asset Management
TD Asset Management
Ontario, Canada
$965M -$57.6M 28 1.08% Reduced
99
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$957M -$27.3M 44 2.06% Reduced
100
Aberdeen Group
Aberdeen Group
United Kingdom
$948M +$20.1M 22 2.16% Increased