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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
LSV Asset Management
LSV Asset Management
Illinois
$1.19B -$60.3M 15 2.61% Reduced
102
Two Sigma Investments
Two Sigma Investments
New York
$1.16B -$80.2M 55 2.65% Reduced
103
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.14B -$5.52M 20 2.11% Reduced
104
Marshall Wace
Marshall Wace
United Kingdom
$1.14B +$218M 41 1.52% Increased
105
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.09B -$100M 38 2.3% Reduced
106
Bessemer Group
Bessemer Group
New Jersey
$1.09B +$189M 43 1.92% Increased
107
Two Sigma Advisers
Two Sigma Advisers
New York
$1.07B -$89.8M 45 2.39% Reduced
108
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.05B -$38.5M 49 2.78% Reduced
109
Truist Financial
Truist Financial
North Carolina
$1.03B -$26.8M 38 1.56% Reduced
110
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$1.02B +$5.7M 6 4.37% Increased
111
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.01B -$160M 17 3.31% Reduced
112
Corient Private Wealth
Corient Private Wealth
Florida
$978M +$6.71M 39 1.7% Increased
113
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$971M -$46.6M 44 1.96% Reduced
114
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$969M +$49.4M 25 1.07% Increased
115
TD Asset Management
TD Asset Management
Ontario, Canada
$926M -$6.21M 30 0.86% Reduced
116
HighTower Advisors
HighTower Advisors
Illinois
$918M +$208M 47 1.42% Increased
117
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$916M -$102M 11 2.22% Reduced
118
AL
AIP LLC
New York
$910M $0 1 88.05% Maintained
119
National Bank of Canada
National Bank of Canada
Quebec, Canada
$908M -$30.5M 47 1.24% Reduced
120
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
$908M +$901M 55 2.16% New
121
Stockbridge Partners
Stockbridge Partners
Massachusetts
$902M -$81.7M 1 18.66% Reduced
122
Balyasny Asset Management
Balyasny Asset Management
Illinois
$853M -$248M 36 1.49% Reduced
123
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$839M +$1M 45 1.19% Increased
124
US Bancorp
US Bancorp
Minnesota
$831M -$21.9M 58 1.13% Reduced
125
Russell Investments Group
Russell Investments Group
United Kingdom
$816M +$15.9M 65 1.31% Increased