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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
Marshall Wace
Marshall Wace
United Kingdom
$1.85B -$580M 56 1.87% Reduced
102
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$1.8B +$76.2M 59 3.09% Increased
103
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.73B -$21.2M 24 2.74% Reduced
104
Artisan Partners
Artisan Partners
Wisconsin
$1.7B +$441M 13 2.41% Increased
105
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.69B -$5.95M 46 3.29% Reduced
106
Russell Investments Group
Russell Investments Group
United Kingdom
$1.61B +$198M 82 1.83% Increased
107
ARK Investment Management
ARK Investment Management
Florida
$1.6B -$2.89M 19 9.51% Reduced
108
Balyasny Asset Management
Balyasny Asset Management
Illinois
$1.6B +$70.8M 41 2.02% Increased
109
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$1.59B -$60.1M 43 3.12% Reduced
110
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.48B +$22.1M 42 1.79% Increased
111
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.45B +$11.5M 61 3.33% Increased
112
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$1.44B -$32.8M 48 2.36% Reduced
113
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$1.43B -$24.7M 31 2.21% Reduced
114
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$1.43B -$646M 83 0.16% Reduced
115
Bessemer Group
Bessemer Group
New Jersey
$1.4B -$121M 56 2.14% Reduced
116
Los Angeles Capital Management
Los Angeles Capital Management
California
$1.39B +$370M 37 4.72% Increased
117
Vident Advisory
Vident Advisory
Georgia
$1.39B +$26.4M 46 13.29% Increased
118
HighTower Advisors
HighTower Advisors
Illinois
$1.38B -$30.8M 56 1.57% Reduced
119
Korea Investment Corp
Korea Investment Corp
South Korea
$1.38B -$26.9M 22 2.84% Reduced
120
Aviva
Aviva
United Kingdom
$1.38B +$136M 22 2.51% Increased
121
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
$1.36B +$299M 57 2.06% Increased
122
Pictet Asset Management
Pictet Asset Management
Switzerland
$1.36B -$21.5M 53 1.31% Reduced
123
Brandes Investment Partners
Brandes Investment Partners
California
$1.35B +$8.83M 7 10.85% Increased
124
Federated Hermes
Federated Hermes
Pennsylvania
$1.35B -$554M 53 2.38% Reduced
125
Truist Financial
Truist Financial
North Carolina
$1.31B +$49.6M 48 1.77% Increased