← All themes

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
EARNEST Partners
EARNEST Partners
Georgia
$1.23B -$93.4M 34 7.57% Reduced
77
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.22B +$47.8M 32 2.04% Increased
78
GQG Partners
GQG Partners
Florida
$1.21B +$333M 4 3.26% Increased
79
HSBC Holdings
HSBC Holdings
United Kingdom
$1.2B +$306M 44 1.38% Increased
80
Fisher Asset Management
Fisher Asset Management
Washington
$1.2B -$5.09M 16 0.81% Reduced
81
VOYA Investment Management
VOYA Investment Management
Georgia
$1.19B -$27.9M 56 1.37% Reduced
82
Truist Financial
Truist Financial
North Carolina
$1.17B -$112M 40 2.06% Reduced
83
VVP
Vulcan Value Partners
Alabama
$1.16B -$331M 3 15.65% Reduced
84
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.15B -$18.7M 41 2.83% Reduced
85
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.13B -$258M 20 2.69% Reduced
86
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.12B -$23M 52 2.74% Reduced
87
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$1.1B +$71.7M 32 2.46% Increased
88
Select Equity Group
Select Equity Group
New York
$1.07B -$43.9M 4 4.04% Reduced
89
Two Sigma Advisers
Two Sigma Advisers
New York
$1.03B +$82.1M 46 2.87% Increased
90
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$1.03B +$18.4M 13 3.45% Increased
91
Stockbridge Partners
Stockbridge Partners
Massachusetts
$1.01B $0 1 27.08% Maintained
92
LSV Asset Management
LSV Asset Management
Illinois
$991M -$302M 16 2.19% Reduced
93
Allspring Global Investments
Allspring Global Investments
North Carolina
$981M -$23.3M 52 1.67% Reduced
94
Jennison Associates
Jennison Associates
New York
$965M +$136M 11 0.98% Increased
95
AQR Capital Management
AQR Capital Management
Connecticut
$959M -$36.4M 46 2.19% Reduced
96
Russell Investments Group
Russell Investments Group
United Kingdom
$946M +$22.2M 57 1.95% Increased
97
Renaissance Technologies
Renaissance Technologies
New York
$930M -$49.2M 73 1.27% Reduced
98
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$922M -$5.62M 42 2.08% Reduced
99
LPL Financial
LPL Financial
California
$921M +$39.4M 54 0.79% Increased
100
Baird Financial Group
Baird Financial Group
Wisconsin
$912M +$150M 30 2.4% Increased