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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
Barclays
Barclays
United Kingdom
$1.44B +$3.13M 61 0.65% Increased
77
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.39B -$75.8M 16 2.96% Reduced
78
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$1.31B -$44.5M 61 1.21% Reduced
79
EARNEST Partners
EARNEST Partners
Georgia
$1.25B +$11.3M 34 7.65% Increased
80
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.24B +$5.27M 9 4.13% Increased
81
D.E. Shaw & Co
D.E. Shaw & Co
New York
$1.23B -$114M 62 1.11% Reduced
82
Harris Associates
Harris Associates
Illinois
$1.21B -$64.1M 4 1.93% Reduced
83
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.2B -$26.5M 52 2.33% Reduced
84
Tiger Global Management
Tiger Global Management
New York
$1.2B +$51.3M 3 2.3% Increased
85
Deer VIII & Co
Deer VIII & Co
New York
$1.18B +$980M 1 33.18% New
86
Envestnet Asset Management
Envestnet Asset Management
Illinois
$1.18B +$71.7M 50 0.65% Increased
87
National Pension Service
National Pension Service
South Korea
$1.15B +$140M 14 2.19% Increased
88
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.14B -$21.9M 39 2.4% Reduced
89
Truist Financial
Truist Financial
North Carolina
$1.13B +$68.3M 36 1.86% Increased
90
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.13B -$321M 51 1.57% Reduced
91
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.11B +$45.7M 25 1.57% Increased
92
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.1B +$49.5M 11 2.64% Increased
93
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$1.09B +$239M 27 1.23% Increased
94
Amundi
Amundi
France
$1.07B -$223M 24 0.75% Reduced
95
ACM
Atlanta Capital Management
Georgia
$1.07B -$3.82M 5 3.81% Reduced
96
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.06B +$33.1M 46 2.21% Increased
97
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$1.05B -$468M 67 0.14% Reduced
98
VOYA Investment Management
VOYA Investment Management
Georgia
$1.03B +$124M 59 2.05% Increased
99
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$982M -$10.8M 11 2.38% Reduced
100
Stockbridge Partners
Stockbridge Partners
Massachusetts
$971M $0 1 20.01% Maintained