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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	Amundi Paris, France	$1.1B	-$374M	32	0.5%	Reduced
102	Ensign Peak Advisors Salt Lake City, Utah	$1.1B	+$66.7M	42	2.18%	Increased
103	Adage Capital Partners Boston, Massachusetts	$1.09B	-$189M	20	2.26%	Reduced
104	Corient Private Wealth Miami, Florida	$1.09B	+$217M	41	2.01%	Increased
105	Susquehanna International Group Bala Cynwyd, Pennsylvania	$1.07B	+$242M	82	0.2%	Increased
106	Brown Advisory Baltimore, Maryland	$1.07B	+$191M	27	1.51%	Increased
107	Qube Research & Technologies (QRT) London, United Kingdom	$1.05B	-$33.5M	57	2.04%	Reduced
108	Stockbridge Partners Boston, Massachusetts	$1.04B	-$137M	1	22.14%	Reduced
109	Thrivent Financial for Lutherans Minneapolis, Minnesota	$1.02B	-$34.7M	44	2.22%	Reduced
110	Diamond Hill Capital Management Columbus, Ohio	$999M	-$26.2M	6	4.39%	Reduced
111	State of Wisconsin Investment Board Madison, Wisconsin	$979M	+$21.8M	52	2.77%	Increased
112	Truist Financial Charlotte, North Carolina	$973M	-$158M	41	1.55%	Reduced
113	Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada	$957M	-$12.6M	11	2.43%	Reduced
114	Point72 Asset Management Stamford, Connecticut	$919M	-$76M	30	2.22%	Reduced
115	TD Asset Management Toronto, Ontario, Canada	$916M	-$28.2M	27	0.9%	Reduced
116	HighTower Advisors Chicago, Illinois	$912M	+$37.8M	46	1.53%	Increased
117	BNP Paribas Financial Markets Paris, France	$909M	+$197M	53	1.03%	Increased
118	Marshall Wace London, United Kingdom	$902M	-$91.4M	34	1.53%	Reduced
119	Unisphere Establishment Vaduz, Liechtenstein	$883M	+$787M	2	9.14%	New
120	AL AIP LLC New York	$881M	$0	1	63.75%	Maintained
121	Two Sigma Advisers New York	$881M	-$842M	41	2.06%	Reduced
122	Bessemer Group Woodbridge, New Jersey	$831M	+$205M	44	1.62%	Increased
123	VanEck Associates New York	$830M	+$370M	35	1.51%	Increased
124	William Blair Investment Management Chicago, Illinois	$828M	-$119M	6	2.41%	Reduced
125	Korea Investment Corp Seoul, South Korea	$825M	+$11.1M	19	2.17%	Increased