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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	Prudential plc London, England, United Kingdom	$758M	-$50.6M	17	2.32%	Reduced
127	US Bancorp Minneapolis, Minnesota	$747M	-$22.7M	55	2.08%	Reduced
128	1832 Asset Management Toronto, Ontario, Canada	$739M	+$268M	12	2.39%	Increased
129	Fidelity International Hamilton, Bermuda	$736M	-$234M	17	1.11%	Reduced
130	Glenmede Trust Philadelphia, Pennsylvania	$727M	-$96.9M	50	3.19%	Reduced
131	Retirement Systems of Alabama Montgomery, Alabama	$715M	+$3.81M	25	3.34%	Increased
132	Burgundy Asset Management Toronto, Ontario, Canada	$711M	-$2.63M	4	7.1%	Reduced
133	Mitsubishi UFJ Trust & Banking Tokyo, Japan	$703M	-$15M	16	2.4%	Reduced
134	Stockbridge Partners Boston, Massachusetts	$695M	$0	1	26.82%	Maintained
135	Soroban Capital Partners New York	$694M	-$73.2M	1	10.42%	Reduced
136	Marshall Wace North America New York	$690M	+$337M	29	4.28%	Increased
137	Trian Fund Management New York	$674M	-$65.7M	1	7.12%	Reduced
138	First Trust Advisors Wheaton, Illinois	$651M	+$6.31M	44	1.23%	Increased
139	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$644M	-$57.6M	29	1.3%	Reduced
140	Public Employees Retirement Association of Colorado Denver, Colorado	$640M	+$21.2M	43	3.93%	Increased
141	Panagora Asset Management Boston, Massachusetts	$638M	-$18.1M	53	2.85%	Reduced
142	STRS Ohio Columbus, Ohio	$632M	-$91.3M	37	2.81%	Reduced
143	Federated Hermes Pittsburgh, Pennsylvania	$629M	+$88.6M	42	1.53%	Increased
144	Korea Investment Corp Seoul, South Korea	$628M	+$33.4M	16	2.7%	Increased
145	Gabelli Funds Rye, New York	$625M	-$42.2M	25	4.01%	Reduced
146	Two Sigma Investments New York	$624M	+$120M	35	2.09%	Increased
147	Kayne Anderson Rudnick Investment Management Los Angeles, California	$610M	+$793K	8	3.22%	Increased
148	Aperio Group Sausalito, California	$609M	+$7.84M	56	2.49%	Increased
149	Toronto Dominion Bank Toronto, Ontario, Ontario, Canada	$602M	-$52.5M	20	1.28%	Reduced
150	SEI Investments Oaks, Pennsylvania	$601M	+$14.2M	44	1.96%	Increased