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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
Point72 Asset Management
Point72 Asset Management
Connecticut
$1.36B +$251M 26 3.09% Increased
102
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$1.34B -$130M 18 4.79% Reduced
103
Fidelity International
Fidelity International
Bermuda
$1.32B +$307M 30 1.25% Increased
104
TD Asset Management
TD Asset Management
Ontario, Canada
$1.28B +$2.41M 30 1.18% Increased
105
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.24B +$13.2M 21 2.29% Increased
106
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.22B -$38.3M 45 2.81% Reduced
107
Balyasny Asset Management
Balyasny Asset Management
Illinois
$1.21B -$71.4M 49 1.99% Reduced
108
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.2B +$12.7M 35 1.7% Increased
109
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$1.18B -$27.7M 55 2.49% Reduced
110
Bessemer Group
Bessemer Group
New Jersey
$1.16B +$49.8M 52 2.07% Increased
111
Russell Investments Group
Russell Investments Group
United Kingdom
$1.15B +$86.5M 67 1.57% Increased
112
1832 Asset Management
1832 Asset Management
Ontario, Canada
$1.14B +$111M 16 1.03% Increased
113
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.13B -$32.8M 52 2.92% Reduced
114
HighTower Advisors
HighTower Advisors
Illinois
$1.09B -$54.1M 45 1.48% Reduced
115
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$1.08B -$286M 90 0.18% Reduced
116
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$1.07B +$52M 44 2.35% Increased
117
Squarepoint
Squarepoint
New York
$1.06B +$125M 55 1.29% Increased
118
Corient Private Wealth
Corient Private Wealth
Florida
$1.06B -$49.5M 41 1.72% Reduced
119
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$1.05B +$66.4M 22 2.58% Increased
120
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$1.05B -$113M 43 2% Reduced
121
Brandes Investment Partners
Brandes Investment Partners
California
$1.02B -$55.1M 8 10.41% Reduced
122
Korea Investment Corp
Korea Investment Corp
South Korea
$1.02B -$16M 21 2.47% Reduced
123
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$1.01B +$58.5M 8 3.39% Increased
124
Truist Financial
Truist Financial
North Carolina
$999M -$3.85M 42 1.6% Reduced
125
WPL
WINDACRE PARTNERSHIP LLC
Texas
$999M -$42.7M 1 14.97% Reduced