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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
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$2.42B +$172M 73 3.22% Increased
77
DZ Bank
DZ Bank
Germany
$2.42B -$86.5M 17 2.41% Reduced
78
National Bank of Canada
National Bank of Canada
Quebec, Canada
$2.4B +$10.1M 56 2.28% Increased
79
Primecap Management
Primecap Management
California
$2.37B +$129M 12 1.88% Increased
80
Marshall Wace
Marshall Wace
United Kingdom
$2.29B -$217M 54 2.57% Reduced
81
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$2.27B +$366M 46 1.61% Increased
82
SEI Investments
SEI Investments
Pennsylvania
$2.25B +$15.6M 62 2.6% Increased
83
Brown Advisory
Brown Advisory
Maryland
$2.14B -$170M 34 2.82% Reduced
84
Victory Capital Management
Victory Capital Management
Texas
$2.14B +$106M 56 1.38% Increased
85
Baird Financial Group
Baird Financial Group
Wisconsin
$2.07B +$77M 38 3.63% Increased
86
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.01B -$41.8M 63 1.8% Reduced
87
Natixis Advisors
Natixis Advisors
Massachusetts
$1.96B +$207M 42 3.12% Increased
88
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$1.94B +$180M 25 1.64% Increased
89
Macquarie Group
Macquarie Group
Australia
$1.91B -$478M 43 2.34% Reduced
90
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$1.91B +$54.7M 68 1.23% Increased
91
EARNEST Partners
EARNEST Partners
Georgia
$1.89B +$8.15M 13 8.53% Increased
92
Prudential Financial
Prudential Financial
New Jersey
$1.87B +$222M 55 2.42% Increased
93
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$1.83B +$334M 91 0.25% Increased
94
Allspring Global Investments
Allspring Global Investments
North Carolina
$1.83B -$214M 40 3.06% Reduced
95
Fidelity International
Fidelity International
Bermuda
$1.79B +$197M 34 1.53% Increased
96
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.76B -$391M 15 3.76% Reduced
97
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.74B +$27.5M 53 3.08% Increased
98
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.72B +$325K 23 5.52% Increased
99
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
$1.69B -$266M 51 1.72% Reduced
100
Federated Hermes
Federated Hermes
Pennsylvania
$1.69B +$421M 51 3.19% Increased