← All themes

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
101
Credit Agricole
Credit Agricole
France
$865M +$71M 25 2.81% Increased
102
Westwood Holdings Group
Westwood Holdings Group
Texas
$859M -$78.9M 15 7.29% Reduced
103
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$848M -$36M 33 3.34% Reduced
104
USAA
United Services Automobile Association
Texas
$843M -$53M 28 2.86% Reduced
105
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$830M +$14.8M 12 2.06% Increased
106
AIG
American International Group
New York
$823M +$22.1M 52 3.26% Increased
107
Prudential plc
Prudential plc
United Kingdom
$816M +$48.7M 16 3.08% Increased
108
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$814M +$85.4M 15 3.51% Increased
109
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$794M -$402M 22 1.48% Reduced
110
STRS Ohio
STRS Ohio
Ohio
$790M -$56.8M 29 3.53% Reduced
111
Stifel Financial
Stifel Financial
Missouri
$782M -$19M 32 3.52% Reduced
112
US Bancorp
US Bancorp
Minnesota
$768M -$6.73M 52 2.85% Reduced
113
Citadel Advisors
Citadel Advisors
Florida
$763M -$584M 49 0.77% Reduced
114
Burgundy Asset Management
Burgundy Asset Management
Ontario, Canada
$730M -$41M 5 7.23% Reduced
115
First Eagle Investment Management
First Eagle Investment Management
New York
$728M -$248M 10 1.84% Reduced
116
Millennium Management
Millennium Management
New York
$717M +$90M 44 1.2% Increased
117
Raymond James & Associates
Raymond James & Associates
Florida
$711M +$108M 36 1.94% Increased
118
Longview Partners
Longview Partners
Guernsey
$707M -$55.8M 1 4.58% Reduced
119
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$700M +$105M 4 2.93% Increased
120
Chevy Chase Trust
Chevy Chase Trust
Maryland
$694M -$5.59M 13 3.8% Reduced
121
Two Sigma Investments
Two Sigma Investments
New York
$693M +$208M 32 2.51% Increased
122
NFA
Nationwide Fund Advisors
Ohio
$662M -$49.6M 58 2.77% Reduced
123
Thomaspartners
Thomaspartners
Massachusetts
$653M +$38.2M 5 7.97% Increased
124
Lone Pine Capital
Lone Pine Capital
Connecticut
$651M -$625M 1 2.91% Reduced
125
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$646M -$90M 34 3.11% Reduced