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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
126
Panagora Asset Management
Panagora Asset Management
Massachusetts
$719M -$24.4M 41 2.84% Reduced
127
1832 Asset Management
1832 Asset Management
Ontario, Canada
$716M +$10.6M 11 2.64% Increased
128
Longview Partners
Longview Partners
Guernsey
$694M -$261M 1 3.64% Reduced
129
Gabelli Funds
Gabelli Funds
New York
$693M -$18.7M 27 4.13% Reduced
130
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$691M +$31.3M 43 3.61% Increased
131
Two Sigma Investments
Two Sigma Investments
New York
$690M +$184M 30 2.3% Increased
132
National Pension Service
National Pension Service
South Korea
$690M +$18.4M 13 3.42% Increased
133
Mondrian Investment Partners
Mondrian Investment Partners
United Kingdom
$684M -$77.9M 7 18.62% Reduced
134
TimesSquare Capital Management
TimesSquare Capital Management
New York
$679M +$47M 8 4.62% Increased
135
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$669M +$7.37M 13 1.7% Increased
136
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$666M -$28M 24 3.29% Reduced
137
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$664M +$325M 9 2.63% Increased
138
Axa
Axa
France
$654M +$10.6M 25 2.61% Increased
139
Marshall Wace North America
Marshall Wace North America
New York
$651M +$409M 35 3.26% Increased
140
Burgundy Asset Management
Burgundy Asset Management
Ontario, Canada
$651M -$49.3M 3 6.1% Reduced
141
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$645M +$113M 55 1.21% Increased
142
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$638M +$45.3M 26 2.77% Increased
143
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$636M -$113M 18 2.45% Reduced
144
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$635M -$80M 39 3.24% Reduced
145
Eagle Asset Management
Eagle Asset Management
Florida
$633M +$32M 19 3.44% Increased
146
Fidelity International
Fidelity International
Bermuda
$622M -$2.53M 17 1.71% Reduced
147
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$616M +$228M 19 1.37% Increased
148
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$614M -$219M 23 1.06% Reduced
149
First Pacific Advisors
First Pacific Advisors
California
$611M -$226M 5 4.66% Reduced
150
EARNEST Partners
EARNEST Partners
Georgia
$607M +$7.18M 30 5.74% Increased