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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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking
# Name Holding Trade Value Theme
Stocks 		% of
Portfolio 		Status
76
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.14B -$108M 20 2.82% Reduced
77
National Pension Service
National Pension Service
South Korea
$1.13B +$11.2M 15 2.37% Increased
78
LSV Asset Management
LSV Asset Management
Illinois
$1.11B -$168M 19 2.62% Reduced
79
Pzena Investment Management
Pzena Investment Management
New York
$1.1B +$42.1M 6 5.45% Increased
80
Truist Financial
Truist Financial
North Carolina
$1.07B +$53.8M 39 2.06% Increased
81
VOYA Investment Management
VOYA Investment Management
Georgia
$1.06B +$170M 56 1.28% Increased
82
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$1.06B +$52.4M 14 2.86% Increased
83
Amundi
Amundi
France
$1.03B +$326M 30 0.61% Increased
84
Millennium Management
Millennium Management
New York
$1.01B -$415M 71 0.6% Reduced
85
Citigroup
Citigroup
New York
$999M -$92.2M 73 0.71% Reduced
86
Fisher Asset Management
Fisher Asset Management
Washington
$970M -$36.3M 18 0.73% Reduced
87
Renaissance Technologies
Renaissance Technologies
New York
$965M -$368M 63 1.37% Reduced
88
ACM
Atlanta Capital Management
Georgia
$951M -$22.5M 5 4.23% Reduced
89
Select Equity Group
Select Equity Group
New York
$944M -$3.83M 3 3.29% Reduced
90
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$938M -$2.64M 28 1.61% Reduced
91
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$936M -$14.8M 41 2.43% Reduced
92
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$925M -$3.65M 49 2.38% Reduced
93
Allspring Global Investments
Allspring Global Investments
North Carolina
$864M +$18.9M 52 1.53% Increased
94
Stockbridge Partners
Stockbridge Partners
Massachusetts
$841M $0 1 23.82% Maintained
95
AQR Capital Management
AQR Capital Management
Connecticut
$837M -$98.1M 48 2.04% Reduced
96
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$823M -$14.1M 32 2.15% Reduced
97
Harris Associates
Harris Associates
Illinois
$794M -$136M 4 1.33% Reduced
98
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$794M -$35.1M 5 3.81% Reduced
99
AP
Altarock Partners
Florida
$788M +$26.1M 1 25.81% Increased
100
Two Sigma Advisers
Two Sigma Advisers
New York
$768M +$79.6M 42 2.22% Increased
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