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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
DZ Bank
DZ Bank
Germany
$1.31B +$594M 11 0.93% Increased
77
Eaton Vance Management
Eaton Vance Management
Massachusetts
$1.3B +$216M 53 1.59% Increased
78
Select Equity Group
Select Equity Group
New York
$1.27B +$413M 3 3.47% Increased
79
Envestnet Asset Management
Envestnet Asset Management
Illinois
$1.26B +$56.1M 48 0.62% Increased
80
EARNEST Partners
EARNEST Partners
Georgia
$1.24B +$1.99M 35 7.13% Increased
81
Harris Associates
Harris Associates
Illinois
$1.23B +$10.4M 4 1.91% Increased
82
Renaissance Technologies
Renaissance Technologies
New York
$1.2B -$276M 60 1.49% Reduced
83
Amundi
Amundi
France
$1.18B +$89.9M 27 0.75% Increased
84
National Pension Service
National Pension Service
South Korea
$1.18B +$41.4M 15 2.06% Increased
85
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.17B -$8.35M 53 2.11% Reduced
86
Truist Financial
Truist Financial
North Carolina
$1.17B +$31.8M 37 1.78% Increased
87
HSBC Holdings
HSBC Holdings
United Kingdom
$1.14B +$219M 49 1.05% Increased
88
ARK Investment Management
ARK Investment Management
Florida
$1.13B -$149M 18 3.43% Reduced
89
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.12B +$7.36M 11 2.55% Increased
90
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.11B -$19.8M 40 2.16% Reduced
91
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.1B +$27.4M 47 2.12% Increased
92
Allspring Global Investments
Allspring Global Investments
North Carolina
$1.09B +$1.1B 52 1.21% New
93
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.07B +$58.9M 27 1.44% Increased
94
Sanders Capital
Sanders Capital
Florida
$1.06B +$277M 1 2.16% Increased
95
ACM
Atlanta Capital Management
Georgia
$1.05B -$282K 5 3.57% Reduced
96
Fisher Asset Management
Fisher Asset Management
Washington
$1.04B +$71.4M 19 0.58% Increased
97
TD Asset Management
TD Asset Management
Ontario, Canada
$1.02B +$118M 27 0.85% Increased
98
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$1.02B +$72M 15 2.11% Increased
99
DMC
Deer Management Company
New York
$1B +$1.12B 1 25.69% New
100
Stockbridge Partners
Stockbridge Partners
Massachusetts
$989M $0 1 19.97% Maintained