← All themes

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
126	NFA Nationwide Fund Advisors Columbus, Ohio	$661M	-$16.8M	55	2.83%	Reduced
127	Westwood Holdings Group Dallas, Texas	$658M	+$12.9M	10	5.07%	Increased
128	Axa Paris, France	$645M	-$14.1M	19	2.59%	Reduced
129	Millennium Management New York	$643M	+$362M	47	1.36%	Increased
130	Retirement Systems of Alabama Montgomery, Alabama	$627M	+$956K	21	3.34%	Increased
131	SG Americas Securities New York	$621M	+$233M	39	3.05%	Increased
132	Stifel Financial St. Louis, Missouri	$612M	+$216M	29	3.4%	Increased
133	Panagora Asset Management Boston, Massachusetts	$612M	+$45.8M	43	3.13%	Increased
134	AL AJO LP Philadelphia, Pennsylvania	$605M	-$88.6M	10	2.56%	Reduced
135	Chevy Chase Trust Bethesda, Maryland	$591M	-$5.65M	12	3.69%	Reduced
136	Gotham Asset Management New York	$585M	+$183M	28	4.73%	Increased
137	Fred Alger Management New York	$581M	+$4.63M	11	2.8%	Increased
138	National Rural Electric Cooperative Association Arlington, Virginia	$579M	+$2.51M	9	10.07%	Increased
139	Ohio Public Employees Retirement System (OPERS) Columbus, Ohio	$576M	+$3.81M	40	3.34%	Increased
140	Winslow Capital Management Minneapolis, Minnesota	$570M	-$9.96M	1	1.76%	Reduced
141	Cornerstone Investment Partners Atlanta, Georgia	$560M	+$148M	5	6.36%	Increased
142	Manning & Napier Advisors Fairport, New York	$559M	+$44.8M	5	2.47%	Increased
143	State of Tennessee, Department of Treasury Nashville, Tennessee	$545M	+$13M	36	2.91%	Increased
144	Citigroup New York	$545M	-$32M	62	0.49%	Reduced
145	Teacher Retirement System of Texas Austin, Texas	$538M	+$85.4M	45	4.23%	Increased
146	Hotchkis & Wiley Capital Management Los Angeles, California	$537M	+$41.6M	5	1.87%	Increased
147	First Manhattan New York	$533M	-$11.6M	19	3.02%	Reduced
148	Fidelity International Hamilton, Bermuda	$524M	+$41.6M	11	1.81%	Increased
149	Aristotle Capital Management Los Angeles, California	$522M	+$7.52M	6	6.68%	Increased
150	Pzena Investment Management New York	$506M	-$38.9M	2	2.7%	Reduced