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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
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$1.23B +$34.3M 2 5.33% Increased
77
National Pension Service
National Pension Service
South Korea
$1.2B +$90.9M 15 2.48% Increased
78
EARNEST Partners
EARNEST Partners
Georgia
$1.2B -$85.9M 35 8.02% Reduced
79
Citigroup
Citigroup
New York
$1.18B -$161M 76 0.87% Reduced
80
Balyasny Asset Management
Balyasny Asset Management
Illinois
$1.15B +$350M 33 3.74% Increased
81
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$1.14B +$113M 21 2.95% Increased
82
Fisher Asset Management
Fisher Asset Management
Washington
$1.14B +$29.2M 17 0.8% Increased
83
Pzena Investment Management
Pzena Investment Management
New York
$1.1B +$12.2M 6 4.94% Increased
84
Truist Financial
Truist Financial
North Carolina
$1.1B -$29M 38 2.01% Reduced
85
Citadel Advisors
Citadel Advisors
Florida
$1.09B +$137M 70 0.28% Increased
86
Barclays
Barclays
United Kingdom
$1.04B -$17.1M 68 0.64% Reduced
87
Select Equity Group
Select Equity Group
New York
$1.04B +$4.59M 4 3.32% Increased
88
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.03B -$8.61M 40 2.52% Reduced
89
ACM
Atlanta Capital Management
Georgia
$1.02B -$56.1M 5 4.37% Reduced
90
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1B -$57.3M 50 2.43% Reduced
91
VOYA Investment Management
VOYA Investment Management
Georgia
$975M +$73.1M 58 2.46% Increased
92
AQR Capital Management
AQR Capital Management
Connecticut
$958M +$156M 49 2.16% Increased
93
Harris Associates
Harris Associates
Illinois
$930M +$203M 4 1.48% Increased
94
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$910M +$83.5M 33 2.33% Increased
95
Allspring Global Investments
Allspring Global Investments
North Carolina
$903M -$105M 49 1.51% Reduced
96
Artisan Partners
Artisan Partners
Wisconsin
$899M +$127M 7 1.52% Increased
97
Russell Investments Group
Russell Investments Group
United Kingdom
$896M +$25.6M 56 1.83% Increased
98
GQG Partners
GQG Partners
Florida
$883M +$138M 2 2.17% Increased
99
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$878M -$11.3M 5 3.83% Reduced
100
Stockbridge Partners
Stockbridge Partners
Massachusetts
$860M +$28.2M 1 22.51% Increased