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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
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
$3.34B -$509M 23 2.3% Reduced
77
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
$3.17B -$13.6M 70 3.35% Reduced
78
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
$3.08B +$867M 52 3.42% Increased
79
Stifel Financial
Stifel Financial
Missouri
$3.06B +$21.1M 74 2.82% Increased
80
Millennium Management
Millennium Management
New York
$3B -$551M 81 1.25% Reduced
81
Artisan Partners
Artisan Partners
Wisconsin
$2.84B +$260M 23 4.55% Increased
82
Victory Capital Management
Victory Capital Management
Texas
$2.76B +$224M 61 1.77% Increased
83
Jane Street
Jane Street
New York
$2.73B +$909M 99 0.35% Increased
84
National Bank of Canada
National Bank of Canada
Quebec, Canada
$2.73B +$62.9M 52 2.44% Increased
85
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
$2.61B +$603K 78 3.65% Increased
86
DZ Bank
DZ Bank
Germany
$2.6B +$253M 28 2.31% Increased
87
EARNEST Partners
EARNEST Partners
Georgia
$2.51B -$89.6M 15 10.35% Reduced
88
Baird Financial Group
Baird Financial Group
Wisconsin
$2.51B -$119M 45 3.91% Reduced
89
Natixis Advisors
Natixis Advisors
Massachusetts
$2.45B +$179M 46 3.41% Increased
90
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
$2.4B +$28.6M 82 1.39% Increased
91
Primecap Management
Primecap Management
California
$2.36B +$240M 13 1.86% Increased
92
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$2.28B +$128M 30 1.87% Increased
93
CIBC Bancorp USA
CIBC Bancorp USA
Illinois
$2.28B +$2.42B 44 3.06% New
94
SG Americas Securities
SG Americas Securities
New York
$2.25B -$278M 65 2.42% Reduced
95
TD Asset Management
TD Asset Management
Ontario, Canada
$2.16B +$46.7M 34 1.76% Increased
96
Renaissance Technologies
Renaissance Technologies
New York
$2.14B -$213M 61 3.35% Reduced
97
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$2.11B +$203M 31 6.9% Increased
98
Fidelity International
Fidelity International
Bermuda
$2.11B -$186M 41 1.64% Reduced
99
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.05B -$72.8M 65 1.76% Reduced
100
Jones Financial Companies
Jones Financial Companies
Missouri
$2B +$1.45B 91 0.96% Increased