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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
101
Westwood Holdings Group
Westwood Holdings Group
Texas
$955M -$34.2M 13 7.19% Reduced
102
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$954M -$98.7M 20 2.71% Reduced
103
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$926M -$1.64M 3 4.64% Reduced
104
Viking Global Investors
Viking Global Investors
Connecticut
$919M +$356M 2 5.65% Increased
105
AIG
American International Group
New York
$903M -$361M 51 2.96% Reduced
106
Raymond James & Associates
Raymond James & Associates
Florida
$898M -$424K 42 1.65% Reduced
107
Prudential plc
Prudential plc
United Kingdom
$867M +$9.18M 23 2.64% Increased
108
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$865M +$55.8M 44 2.9% Increased
109
Thomaspartners
Thomaspartners
Massachusetts
$862M -$178M 3 6.3% Reduced
110
Two Sigma Advisers
Two Sigma Advisers
New York
$851M -$328M 35 2.29% Reduced
111
First Pacific Advisors
First Pacific Advisors
California
$844M +$5.26M 4 6.32% Increased
112
Brown Advisory
Brown Advisory
Maryland
$844M +$4.14M 24 2.67% Increased
113
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$840M -$40.4M 25 1.37% Reduced
114
USAA
United Services Automobile Association
Texas
$833M -$45.3M 28 2.28% Reduced
115
First Trust Advisors
First Trust Advisors
Illinois
$821M +$120M 43 1.95% Increased
116
US Bancorp
US Bancorp
Minnesota
$821M -$8.42M 54 2.51% Reduced
117
Guggenheim Capital
Guggenheim Capital
Illinois
$806M -$49.3M 43 1.91% Reduced
118
Fiduciary Management Inc
Fiduciary Management Inc
Wisconsin
$800M -$56.3M 3 4.92% Reduced
119
Aristotle Capital Management
Aristotle Capital Management
California
$795M +$33.1M 4 5.52% Increased
120
Chevy Chase Trust
Chevy Chase Trust
Maryland
$783M -$1.8M 14 3.37% Reduced
121
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$774M +$29M 18 2.93% Increased
122
Aberdeen Group
Aberdeen Group
United Kingdom
$770M -$105M 14 1.47% Reduced
123
Balyasny Asset Management
Balyasny Asset Management
Illinois
$754M +$328M 30 2.36% Increased
124
Mondrian Investment Partners
Mondrian Investment Partners
United Kingdom
$749M +$140M 7 18.23% Increased
125
STRS Ohio
STRS Ohio
Ohio
$749M -$27.6M 30 3.2% Reduced