← 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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
101	Fisher Asset Management Camas, Washington	$951M	+$25.7M	16	0.6%	Increased
102	Aberdeen Group Edinburgh, United Kingdom	$949M	-$23M	23	2.08%	Reduced
103	TD Asset Management Toronto, Ontario, Canada	$947M	-$72.3M	26	0.96%	Reduced
104	Bessemer Group Woodbridge, New Jersey	$936M	+$121M	27	2.03%	Increased
105	Russell Investments Group London, United Kingdom	$927M	-$37.8M	59	1.55%	Reduced
106	AQR Capital Management Greenwich, Connecticut	$927M	-$44.3M	46	1.6%	Reduced
107	VOYA Investment Management Atlanta, Georgia	$926M	+$12.5M	60	1.79%	Increased
108	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$909M	+$95M	23	1.09%	Increased
109	Thrivent Financial for Lutherans Minneapolis, Minnesota	$896M	-$52.6M	40	1.82%	Reduced
110	BNP Paribas Financial Markets Paris, France	$881M	+$2.61M	61	1.17%	Increased
111	Brown Advisory Baltimore, Maryland	$868M	-$58.1M	24	1.31%	Reduced
112	Longview Partners St Peter Port, Guernsey	$840M	-$2.27M	1	4.62%	Reduced
113	Renaissance Technologies New York	$831M	-$376M	60	1.04%	Reduced
114	AP Altarock Partners West Palm Beach, Florida	$813M	+$190M	1	22.51%	Increased
115	Baupost Group Boston, Massachusetts	$812M	$0	1	6.59%	Maintained
116	DZ Bank Frankfurt Am Main, Germany	$782M	+$168M	9	1.23%	Increased
117	JP Morgan Private Wealth Advisors San Francisco, California	$782M	+$98.7M	32	2.02%	Increased
118	Natixis Advisors Boston, Massachusetts	$764M	+$31.3M	32	3.57%	Increased
119	Jane Street New York	$759M	+$258M	56	0.3%	Increased
120	Two Sigma Investments New York	$742M	+$103M	41	1.68%	Increased
121	Sachem Head Capital Management New York	$737M	$0	2	19.1%	Maintained
122	Fred Alger Management New York	$727M	+$51.7M	13	1.72%	Increased
123	Cooke & Bieler Philadelphia, Pennsylvania	$722M	+$5.7M	5	6.68%	Increased
124	1832 Asset Management Toronto, Ontario, Canada	$721M	-$348M	12	1.39%	Reduced
125	VanEck Associates New York	$718M	-$64.8M	23	1.7%	Reduced