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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
126	Gabelli Funds Rye, New York	$604M	-$26.9M	26	3.59%	Reduced
127	Chevy Chase Trust Bethesda, Maryland	$601M	+$12.9M	12	3.75%	Increased
128	Barclays London, United Kingdom	$597M	-$166M	57	0.72%	Reduced
129	Retirement Systems of Alabama Montgomery, Alabama	$587M	-$2.67M	22	3.53%	Reduced
130	Diamond Hill Capital Management Columbus, Ohio	$571M	+$43.9M	2	3.95%	Increased
131	AL AJO LP Philadelphia, Pennsylvania	$562M	-$106M	9	2.58%	Reduced
132	First Manhattan New York	$558M	+$73.4M	18	3.59%	Increased
133	Ohio Public Employees Retirement System (OPERS) Columbus, Ohio	$554M	-$8.51M	41	3.52%	Reduced
134	Royce & Associates New York	$551M	-$58.3M	32	2.92%	Reduced
135	Renaissance Technologies New York	$537M	+$28.3M	55	1.28%	Increased
136	Guggenheim Capital Chicago, Illinois	$537M	-$89.2M	41	1.65%	Reduced
137	Millennium Management New York	$531M	+$135M	50	1.03%	Increased
138	Aristotle Capital Management Los Angeles, California	$530M	+$15.1M	6	6.62%	Increased
139	Citigroup New York	$527M	-$161M	65	0.49%	Reduced
140	Columbia Wanger Asset Management Chicago, Illinois	$517M	-$14.5M	5	4.12%	Reduced
141	Ruffer LLP London, United Kingdom	$502M	-$7.48M	5	21.5%	Reduced
142	Arrowstreet Capital Boston, Massachusetts	$486M	+$365M	28	2.31%	Increased
143	National Rural Electric Cooperative Association Arlington, Virginia	$485M	-$39.2M	9	9.25%	Reduced
144	Raymond James & Associates St Petersburg, Florida	$483M	+$14.4M	24	1.97%	Increased
145	Bessemer Group Woodbridge, New Jersey	$475M	-$38.8M	22	2.71%	Reduced
146	State of Tennessee, Department of Treasury Nashville, Tennessee	$472M	+$21.8K	19	2.91%	Increased
147	Lone Pine Capital Greenwich, Connecticut	$471M	$0	1	1.92%	Maintained
148	BNP Paribas Financial Markets Paris, France	$465M	+$118M	51	1.17%	Increased
149	Teacher Retirement System of Texas Austin, Texas	$460M	-$16.4M	45	3.62%	Reduced
150	EARNEST Partners Atlanta, Georgia	$452M	+$3.35M	12	4.44%	Increased