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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	I.G. Investment Management Winnipeg, Manitoba, Canada	$894M	-$157M	16	3.4%	Reduced
102	BlackRock Japan Tokyo, Japan	$889M	-$22M	20	3.55%	Reduced
103	Barclays London, United Kingdom	$878M	-$69.6M	56	1.01%	Reduced
104	Brandywine Global Investment Management Philadelphia, Pennsylvania	$873M	+$77M	24	5.64%	Increased
105	Canada Life Winnipeg, Manitoba, Canada	$858M	-$15.6M	47	2.93%	Reduced
106	Credit Agricole Montrouge Cedex, France	$854M	-$429K	26	3.81%	Reduced
107	Renaissance Technologies New York	$837M	-$20.5M	58	1.78%	Reduced
108	Fiduciary Management Inc Milwaukee, Wisconsin	$834M	+$89.6M	2	4.33%	Increased
109	State of New Jersey Common Pension Fund D Trenton, New Jersey	$831M	-$109M	21	3.24%	Reduced
110	Acadian Asset Management Boston, Massachusetts	$809M	-$100M	25	3.73%	Reduced
111	NFA Nationwide Fund Advisors Columbus, Ohio	$807M	+$119M	57	3.25%	Increased
112	STRS Ohio Columbus, Ohio	$805M	+$4.49M	29	3.55%	Increased
113	USAA United Services Automobile Association San Antonio, Texas	$789M	+$27.3M	24	2.76%	Increased
114	Millennium Management New York	$786M	+$132M	39	1.46%	Increased
115	Royce & Associates New York	$768M	-$29M	32	2.91%	Reduced
116	Guggenheim Capital Chicago, Illinois	$767M	+$15.6M	44	1.82%	Increased
117	Amundi Asset Management US Boston, Massachusetts	$757M	+$33.3M	8	2.71%	Increased
118	US Bancorp Minneapolis, Minnesota	$741M	+$1.62M	50	2.85%	Increased
119	Gabelli Funds Rye, New York	$728M	-$26M	25	3.69%	Reduced
120	Prudential plc London, England, United Kingdom	$717M	-$54.8M	13	3.16%	Reduced
121	Susquehanna International Group Bala Cynwyd, Pennsylvania	$716M	-$87.3M	48	0.33%	Reduced
122	Axa Paris, France	$708M	+$18.4M	20	2.92%	Increased
123	Columbia Wanger Asset Management Chicago, Illinois	$692M	-$65.3M	6	3.77%	Reduced
124	Baupost Group Boston, Massachusetts	$687M	$0	1	11.55%	Maintained
125	Westwood Holdings Group Dallas, Texas	$669M	-$24.8M	10	5.09%	Reduced