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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	Two Sigma Investments New York	$1.31B	-$27.3M	55	2.87%	Reduced
102	Schroder Investment Management Group London, United Kingdom	$1.28B	+$135M	25	1.31%	Increased
103	1832 Asset Management Toronto, Ontario, Canada	$1.25B	-$146M	15	0.95%	Reduced
104	State of Wisconsin Investment Board Madison, Wisconsin	$1.25B	+$54.3M	52	3.13%	Increased
105	Ensign Peak Advisors Salt Lake City, Utah	$1.23B	-$77M	43	2.17%	Reduced
106	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.23B	+$12.9M	41	2.54%	Increased
107	Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong	$1.22B	+$200M	61	2.75%	Increased
108	LSV Asset Management Chicago, Illinois	$1.2B	-$76M	13	2.58%	Reduced
109	Marshall Wace London, United Kingdom	$1.19B	-$144M	40	1.45%	Reduced
110	Lazard Asset Management New York	$1.17B	-$213M	46	1.57%	Reduced
111	Hotchkis & Wiley Capital Management Los Angeles, California	$1.17B	-$69.4M	8	3.89%	Reduced
112	Corient Private Wealth Miami, Florida	$1.14B	+$35.7M	44	1.78%	Increased
113	Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada	$1.13B	+$153M	14	2.24%	Increased
114	HighTower Advisors Chicago, Illinois	$1.09B	+$45.2M	45	1.55%	Increased
115	Balyasny Asset Management Chicago, Illinois	$1.08B	+$85.7M	35	1.75%	Increased
116	Korea Investment Corp Seoul, South Korea	$1.06B	+$136M	21	2.51%	Increased
117	WPL WINDACRE PARTNERSHIP LLC Houston, Texas	$1.04B	+$283M	1	13.81%	Increased
118	Russell Investments Group London, United Kingdom	$1.03B	+$108M	68	1.5%	Increased
119	Truist Financial Charlotte, North Carolina	$1.01B	-$132M	43	1.58%	Reduced
120	Stockbridge Partners Boston, Massachusetts	$1.01B	$0	1	20.24%	Maintained
121	Thrivent Financial for Lutherans Minneapolis, Minnesota	$1B	-$40.3M	46	1.9%	Reduced
122	Westfield Capital Management Boston, Massachusetts	$968M	+$173M	7	4.38%	Increased
123	Blackstone Inc New York	$956M	+$768M	1	4.17%	Increased
124	Raymond James Financial Services Advisors St. Petersburg, Florida	$948M	+$11.8M	44	1.26%	Increased
125	AL AIP LLC New York	$931M	-$117M	1	90.46%	Reduced