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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
101	Acadian Asset Management Boston, Massachusetts	$880M	+$96.5M	27	3.92%	Increased
102	Canada Life Winnipeg, Manitoba, Canada	$853M	-$6.28M	44	2.81%	Reduced
103	London Company of Virginia Richmond, Virginia	$813M	+$139K	5	8.53%	Increased
104	Credit Agricole Montrouge Cedex, France	$809M	+$678K	25	3.46%	Increased
105	Renaissance Technologies New York	$792M	+$248M	49	1.91%	Increased
106	Brandywine Global Investment Management Philadelphia, Pennsylvania	$791M	+$134M	25	5.3%	Increased
107	Royce & Associates New York	$776M	-$66.1M	34	2.69%	Reduced
108	Susquehanna International Group Bala Cynwyd, Pennsylvania	$775M	-$4.13M	47	0.31%	Reduced
109	STRS Ohio Columbus, Ohio	$772M	+$50.2M	31	3.35%	Increased
110	Harris Associates Chicago, Illinois	$760M	-$75.1M	4	1.18%	Reduced
111	USAA United Services Automobile Association San Antonio, Texas	$746M	+$10M	20	2.63%	Increased
112	Columbia Wanger Asset Management Chicago, Illinois	$745M	-$83.7M	6	3.69%	Reduced
113	Prudential plc London, England, United Kingdom	$741M	-$65.1M	13	3.14%	Reduced
114	Ruffer LLP London, United Kingdom	$733M	+$186M	4	24.06%	Increased
115	Baupost Group Boston, Massachusetts	$727M	$0	1	14.28%	Maintained
116	US Bancorp Minneapolis, Minnesota	$725M	-$7.83M	48	2.8%	Reduced
117	Gabelli Funds Rye, New York	$722M	-$2.84M	25	3.51%	Reduced
118	Amundi Asset Management US Boston, Massachusetts	$719M	+$1.64M	8	2.61%	Increased
119	Guggenheim Capital Chicago, Illinois	$716M	-$83.3M	44	1.8%	Reduced
120	Fiduciary Management Inc Milwaukee, Wisconsin	$711M	+$26.5M	2	3.54%	Increased
121	Swiss National Bank Zurich, Switzerland	$705M	-$36.4M	45	2.64%	Reduced
122	VVP Vulcan Value Partners Birmingham, Alabama	$704M	+$147M	4	7.98%	Increased
123	TCW Group Los Angeles, California	$699M	-$69.1M	14	2.93%	Reduced
124	Comerica Bank Dallas, Texas	$682M	+$325M	43	2.95%	Increased
125	Diamond Hill Capital Management Columbus, Ohio	$670M	+$49.4M	3	4.78%	Increased