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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
$2.07B -$245M 17 2.31% Reduced
77
National Bank of Canada
National Bank of Canada
Quebec, Canada
$2.06B +$265M 44 2.16% Increased
78
Macquarie Group
Macquarie Group
Australia
$2.03B -$454M 42 2.52% Reduced
79
Two Sigma Advisers
Two Sigma Advisers
New York
$1.93B +$329M 51 4.34% Increased
80
Primecap Management
Primecap Management
California
$1.91B +$62M 13 1.58% Increased
81
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.89B +$314M 19 3.98% Increased
82
GQG Partners
GQG Partners
Florida
$1.88B +$1.85B 2 3% New
83
SEI Investments
SEI Investments
Pennsylvania
$1.88B -$23.6M 58 2.42% Reduced
84
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$1.87B -$82.4M 69 2.74% Reduced
85
Brown Advisory
Brown Advisory
Maryland
$1.85B -$128M 31 2.64% Reduced
86
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
$1.79B +$371M 61 3.82% Increased
87
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.75B +$17.5M 56 1.66% Increased
88
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
$1.75B +$62.2M 55 2.02% Increased
89
Allspring Global Investments
Allspring Global Investments
North Carolina
$1.74B +$55.8M 34 3.02% Increased
90
Two Sigma Investments
Two Sigma Investments
New York
$1.74B +$562M 66 3.73% Increased
91
EARNEST Partners
EARNEST Partners
Georgia
$1.68B -$13M 13 8.05% Reduced
92
Victory Capital Management
Victory Capital Management
Texas
$1.66B -$133M 54 1.7% Reduced
93
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$1.64B +$2.62M 67 0.86% Increased
94
Baird Financial Group
Baird Financial Group
Wisconsin
$1.62B +$13.2M 37 3.13% Increased
95
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$1.6B +$425M 44 1.3% Increased
96
Natixis Advisors
Natixis Advisors
Massachusetts
$1.47B +$82.4M 40 2.71% Increased
97
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$1.43B +$139M 25 1.44% Increased
98
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.41B +$6.46M 53 2.8% Increased
99
Prudential Financial
Prudential Financial
New Jersey
$1.38B -$38.1M 49 1.96% Reduced
100
AP
Altarock Partners
Florida
$1.36B -$27.5M 1 27.26% Reduced