← 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

# Name Holding Trade Value Theme
Stocks
% of
Portfolio
Status
126
Burgundy Asset Management
Burgundy Asset Management
Ontario, Canada
$658M -$100M 5 6.41% Reduced
127
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$651M -$75.3M 16 2.72% Reduced
128
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$635M -$22.5M 24 3.5% Reduced
129
Gabelli Funds
Gabelli Funds
New York
$629M -$21.9M 26 3.71% Reduced
130
Aristotle Capital Management
Aristotle Capital Management
California
$628M +$25M 5 5.72% Increased
131
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$620M -$12M 43 3.48% Reduced
132
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$614M -$191M 14 1.53% Reduced
133
Aviva
Aviva
United Kingdom
$605M -$26.3M 12 3.46% Reduced
134
Royce & Associates
Royce & Associates
New York
$605M -$18.5M 32 3.95% Reduced
135
Axa
Axa
France
$604M -$12.2M 21 2.73% Reduced
136
Select Equity Group
Select Equity Group
New York
$593M +$80.2M 5 4.42% Increased
137
Two Sigma Advisers
Two Sigma Advisers
New York
$588M +$29.2M 41 1.93% Increased
138
First Trust Advisors
First Trust Advisors
Illinois
$573M +$11.2M 40 1.59% Increased
139
1832 Asset Management
1832 Asset Management
Ontario, Canada
$571M -$139M 11 2.04% Reduced
140
Glenmede Trust
Glenmede Trust
Pennsylvania
$570M +$7.41M 42 2.72% Increased
141
Korea Investment Corp
Korea Investment Corp
South Korea
$563M -$16.1M 13 2.79% Reduced
142
Tiger Global Management
Tiger Global Management
New York
$559M +$504M 1 5.62% Increased
143
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$557M +$230M 18 2.38% Increased
144
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$544M -$51.2M 44 2.35% Reduced
145
National Pension Service
National Pension Service
South Korea
$543M -$3.05M 12 3.63% Reduced
146
VVP
Vulcan Value Partners
Alabama
$538M +$2.68M 4 4.64% Increased
147
Homestead Advisers
Homestead Advisers
Virginia
$537M -$157M 7 8.57% Reduced
148
Acadian Asset Management
Acadian Asset Management
Massachusetts
$531M +$7.15M 30 2.43% Increased
149
Eagle Asset Management
Eagle Asset Management
Florida
$530M -$16M 21 3.34% Reduced
150
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$521M +$516M 25 1.91% New