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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
Chevy Chase Trust
Chevy Chase Trust
Maryland
$514M -$57.8M 15 2.03% Reduced
127
Baird Financial Group
Baird Financial Group
Wisconsin
$511M -$5.59M 21 1.75% Reduced
128
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$498M -$78.4M 59 0.71% Reduced
129
BP
Berkshire Partners
Massachusetts
$485M $0 1 47.02% Maintained
130
Fred Alger Management
Fred Alger Management
New York
$485M +$106M 14 1.41% Increased
131
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$482M -$25M 33 1.91% Reduced
132
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$481M -$12.3M 26 2.21% Reduced
133
GQG Partners
GQG Partners
Florida
$471M +$144M 1 1.61% Increased
134
Two Sigma Investments
Two Sigma Investments
New York
$471M +$97.5M 35 1.67% Increased
135
Aperio Group
Aperio Group
California
$468M -$20.3M 47 1.58% Reduced
136
1832 Asset Management
1832 Asset Management
Ontario, Canada
$465M +$32.6M 13 1.21% Increased
137
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
$464M -$138M 9 1.48% Reduced
138
STRS Ohio
STRS Ohio
Ohio
$464M +$51.5M 38 1.94% Increased
139
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$462M +$38.1M 25 1.8% Increased
140
Eagle Asset Management
Eagle Asset Management
Florida
$454M -$7.42M 15 2.34% Reduced
141
Cooke & Bieler
Cooke & Bieler
Pennsylvania
$453M +$115M 5 6.04% Increased
142
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$450M -$3.77M 20 1.12% Reduced
143
Alkeon Capital Management
Alkeon Capital Management
New York
$447M -$71.3M 4 0.83% Reduced
144
Waddell & Reed Financial
Waddell & Reed Financial
Kansas
$443M -$65.9M 6 1.06% Reduced
145
AGF Investments Inc
AGF Investments Inc
Ontario, Canada
$442M -$97.9M 15 4.45% Reduced
146
Glenmede Trust
Glenmede Trust
Pennsylvania
$433M -$67.6M 47 2.59% Reduced
147
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$413M -$8.16M 47 2.26% Reduced
148
LPL Financial
LPL Financial
California
$404M +$912K 41 0.63% Increased
149
SEI Investments
SEI Investments
Pennsylvania
$404M -$77.5M 47 1.17% Reduced
150
Epoch Investment Partners
Epoch Investment Partners
New York
$397M +$77.3M 8 1.98% Increased