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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
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
$1.83B -$50.3M 53 3.23% Reduced
102
Russell Investments Group
Russell Investments Group
United Kingdom
$1.8B +$170M 83 1.96% Increased
103
1832 Asset Management
1832 Asset Management
Ontario, Canada
$1.71B +$506M 18 1.3% Increased
104
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$1.69B -$196M 68 2.86% Reduced
105
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.69B -$17.2M 45 3.28% Reduced
106
Allspring Global Investments
Allspring Global Investments
North Carolina
$1.65B -$199M 43 2.67% Reduced
107
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$1.64B +$1.02M 46 2.91% Increased
108
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.63B -$251M 15 2.76% Reduced
109
Nomura Asset Management International
Nomura Asset Management International
Pennsylvania
$1.62B +$1.65B 34 2.45% New
110
Brown Advisory
Brown Advisory
Maryland
$1.61B -$540M 36 2.25% Reduced
111
Holocene Advisors
Holocene Advisors
New York
$1.61B +$504M 16 3.37% Increased
112
Federated Hermes
Federated Hermes
Pennsylvania
$1.6B +$270M 59 2.68% Increased
113
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$1.6B +$148M 5 1.33% Increased
114
Squarepoint
Squarepoint
New York
$1.53B +$326M 61 1.63% Increased
115
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
$1.49B +$22.9M 66 3.34% Increased
116
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$1.49B +$514M 35 2.21% Increased
117
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.48B -$26.2M 40 1.76% Reduced
118
Aviva
Aviva
United Kingdom
$1.48B +$74.7M 24 2.49% Increased
119
Los Angeles Capital Management
Los Angeles Capital Management
California
$1.47B +$54.2M 65 5.02% Increased
120
Balyasny Asset Management
Balyasny Asset Management
Illinois
$1.46B -$154M 50 1.85% Reduced
121
Pentwater Capital Management
Pentwater Capital Management
Florida
$1.44B +$846M 1 7.54% Increased
122
Korea Investment Corp
Korea Investment Corp
South Korea
$1.43B +$27M 21 2.81% Increased
123
ProShare Advisors
ProShare Advisors
Maryland
$1.43B +$258M 46 2.52% Increased
124
ARK Investment Management
ARK Investment Management
Florida
$1.42B -$117M 19 9.44% Reduced
125
HighTower Advisors
HighTower Advisors
Illinois
$1.41B -$2.27M 55 1.54% Reduced