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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
Cooke & Bieler
Cooke & Bieler
Pennsylvania
$704M +$31.2M 5 6.37% Increased
127
Nikko Asset Management Americas
Nikko Asset Management Americas
New York
$695M +$312M 11 2.98% Increased
128
1832 Asset Management
1832 Asset Management
Ontario, Canada
$694M -$18.7M 14 1.3% Reduced
129
LPL Financial
LPL Financial
California
$690M +$24.5M 51 0.65% Increased
130
MCMC
Matrix Capital Management Company
New Hampshire
$684M $0 1 7.78% Maintained
131
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$674M +$27.1M 21 3.31% Increased
132
Ceredex Value Advisors
Ceredex Value Advisors
Florida
$664M +$140M 7 7.52% Increased
133
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$663M +$66.8M 39 2.59% Increased
134
US Bancorp
US Bancorp
Minnesota
$661M -$11.4M 64 1.24% Reduced
135
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$660M +$5.22M 50 2.35% Increased
136
SEI Investments
SEI Investments
Pennsylvania
$659M +$176M 50 1.38% Increased
137
Sachem Head Capital Management
Sachem Head Capital Management
New York
$638M -$126M 2 15.73% Reduced
138
BP
Berkshire Partners
Massachusetts
$638M $0 1 52.91% Maintained
139
Natixis Advisors
Natixis Advisors
Massachusetts
$637M +$95.7M 30 2.62% Increased
140
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$620M -$7.47M 46 2.73% Reduced
141
Korea Investment Corp
Korea Investment Corp
South Korea
$614M -$15.4M 17 1.83% Reduced
142
Fort Washington Investment Advisors
Fort Washington Investment Advisors
Ohio
$612M +$203M 14 3.91% Increased
143
Alkeon Capital Management
Alkeon Capital Management
New York
$612M -$2.33M 2 1.03% Reduced
144
GAMCO Investors
GAMCO Investors
Connecticut
$603M -$6.26M 26 5.33% Reduced
145
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$603M +$84.9M 38 1.87% Increased
146
VanEck Associates
VanEck Associates
New York
$596M -$97.3M 23 1.5% Reduced
147
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$587M -$80.6M 22 0.92% Reduced
148
Bahl & Gaynor
Bahl & Gaynor
Ohio
$585M -$15.6M 13 3.58% Reduced
149
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale
Germany
$581M +$76.2M 22 1.62% Increased
150
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$580M +$195M 26 1.47% Increased