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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
Two Sigma Investments
Two Sigma Investments
New York
$930M +$357M 35 2.67% Increased
102
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$918M -$69.8M 30 1.37% Reduced
103
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$906M +$31M 43 2.05% Increased
104
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$899M -$163M 62 0.15% Reduced
105
Aberdeen Group
Aberdeen Group
United Kingdom
$885M +$89.8M 19 2.16% Increased
106
Longview Partners
Longview Partners
Guernsey
$865M +$837M 1 4.2% New
107
VOYA Investment Management
VOYA Investment Management
Georgia
$861M -$44.8M 56 1.75% Reduced
108
Artisan Partners
Artisan Partners
Wisconsin
$848M -$578M 9 1.03% Reduced
109
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$821M -$91M 3 3.87% Reduced
110
Russell Investments Group
Russell Investments Group
United Kingdom
$821M -$108M 57 1.63% Reduced
111
Natixis
Natixis
France
$821M +$669M 21 2.98% Increased
112
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$809M +$14.9M 14 2.14% Increased
113
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$808M -$41.1M 41 1.87% Reduced
114
Davis Selected Advisers
Davis Selected Advisers
Arizona
$792M -$2.78M 1 3.81% Reduced
115
Fred Alger Management
Fred Alger Management
New York
$790M +$167M 15 2.06% Increased
116
Fisher Asset Management
Fisher Asset Management
Washington
$787M +$35M 16 0.59% Increased
117
Viking Global Investors
Viking Global Investors
Connecticut
$774M -$298M 2 2.13% Reduced
118
AQR Capital Management
AQR Capital Management
Connecticut
$755M -$361M 47 1.34% Reduced
119
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$754M +$172M 14 1.99% Increased
120
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$753M -$30M 27 1.52% Reduced
121
Envestnet Asset Management
Envestnet Asset Management
Illinois
$752M +$45M 45 0.57% Increased
122
Bahl & Gaynor
Bahl & Gaynor
Ohio
$729M -$73M 13 4.64% Reduced
123
MCMC
Matrix Capital Management Company
New Hampshire
$719M +$40.2M 2 7.78% Increased
124
Korea Investment Corp
Korea Investment Corp
South Korea
$719M +$83.3M 16 2.16% Increased
125
Canada Life
Canada Life
Manitoba, Canada
$716M -$33.1M 52 1.35% Reduced