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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
Prudential plc
Prudential plc
United Kingdom
$745M -$108M 18 2.68% Reduced
127
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$742M +$143M 25 1.76% Increased
128
US Bancorp
US Bancorp
Minnesota
$740M -$14.7M 56 2.13% Reduced
129
Trian Fund Management
Trian Fund Management
New York
$708M -$26.7M 1 7.58% Reduced
130
STRS Ohio
STRS Ohio
Ohio
$697M -$48.4M 34 3.16% Reduced
131
EARNEST Partners
EARNEST Partners
Georgia
$696M +$5.3M 31 6.65% Increased
132
Canada Life
Canada Life
Manitoba, Canada
$688M -$105M 46 1.82% Reduced
133
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$674M +$152M 32 1.3% Increased
134
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$673M -$5.76M 16 2.48% Reduced
135
Burgundy Asset Management
Burgundy Asset Management
Ontario, Canada
$673M +$18.6M 4 6.92% Increased
136
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$663M -$2.4M 26 3.22% Reduced
137
Westwood Holdings Group
Westwood Holdings Group
Texas
$662M -$70.3M 12 6.88% Reduced
138
Stockbridge Partners
Stockbridge Partners
Massachusetts
$652M -$149M 1 24% Reduced
139
Panagora Asset Management
Panagora Asset Management
Massachusetts
$638M +$24.8M 50 2.84% Increased
140
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$636M +$5.49M 37 3.14% Increased
141
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$614M +$77.6M 18 0.96% Increased
142
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$601M +$21.9M 19 1.07% Increased
143
Gabelli Funds
Gabelli Funds
New York
$596M -$46.6M 26 3.75% Reduced
144
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$594M -$12.3M 43 3.11% Reduced
145
First Trust Advisors
First Trust Advisors
Illinois
$584M -$30.6M 42 1.16% Reduced
146
TimesSquare Capital Management
TimesSquare Capital Management
New York
$580M -$91M 7 4.47% Reduced
147
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$574M +$51.4M 43 3.66% Increased
148
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$568M +$289M 1 2.15% Increased
149
Korea Investment Corp
Korea Investment Corp
South Korea
$567M +$53M 14 2.55% Increased
150
Aperio Group
Aperio Group
California
$562M +$18.5M 48 2.43% Increased