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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	Select Equity Group New York	$974M	-$241M	4	3.62%	Reduced
102	Pzena Investment Management New York	$967M	-$551M	4	4.12%	Reduced
103	State of Wisconsin Investment Board Madison, Wisconsin	$962M	-$971K	56	2.7%	Reduced
104	Susquehanna International Group Bala Cynwyd, Pennsylvania	$960M	+$4.12M	79	0.2%	Increased
105	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$948M	+$542M	23	1.44%	Increased
106	Thrivent Financial for Lutherans Minneapolis, Minnesota	$947M	+$159M	46	2.16%	Increased
107	AL AIP LLC New York	$940M	$0	1	72%	Maintained
108	VVP Vulcan Value Partners Birmingham, Alabama	$932M	-$143M	3	11.71%	Reduced
109	Diamond Hill Capital Management Columbus, Ohio	$930M	-$7.36M	5	4.19%	Reduced
110	Mitsubishi UFJ Asset Management Tokyo, Japan	$929M	+$57.7M	40	1.94%	Increased
111	TD Asset Management Toronto, Ontario, Canada	$919M	-$22.9M	26	1.05%	Reduced
112	William Blair Investment Management Chicago, Illinois	$909M	+$20.1M	7	2.91%	Increased
113	Natixis Advisors Boston, Massachusetts	$905M	+$61.7M	38	2.8%	Increased
114	LSV Asset Management Chicago, Illinois	$886M	-$28.2M	19	1.95%	Reduced
115	Harris Associates Chicago, Illinois	$885M	-$132M	3	1.67%	Reduced
116	Viking Global Investors Stamford, Connecticut	$869M	-$173M	3	3.56%	Reduced
117	Marshall Wace London, United Kingdom	$852M	+$112M	35	1.66%	Increased
118	Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada	$849M	+$76.2M	11	2.26%	Increased
119	Amundi Paris, France	$844M	-$215M	33	0.43%	Reduced
120	WCM Investment Management Laguna Beach, California	$837M	-$3.47M	6	2.5%	Reduced
121	Corient Private Wealth Miami, Florida	$831M	-$110M	35	1.92%	Reduced
122	Russell Investments Group London, United Kingdom	$828M	-$28.5M	62	1.6%	Reduced
123	Snyder Capital Management San Francisco, California	$824M	+$8.84M	8	17.55%	Increased
124	JP Morgan Private Wealth Advisors San Francisco, California	$820M	-$230M	29	4.26%	Reduced
125	Schroder Investment Management Group London, United Kingdom	$803M	-$49.6M	25	1.15%	Reduced