← All themes

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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$715M +$42.9M 19 3.49% Increased
127
MCMC
Matrix Capital Management Company
New Hampshire
$713M $0 1 8.56% Maintained
128
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$696M +$121M 26 1.18% Increased
129
Two Sigma Investments
Two Sigma Investments
New York
$691M -$259M 43 2.04% Reduced
130
ProShare Advisors
ProShare Advisors
Maryland
$678M -$14.2M 42 1.46% Reduced
131
US Bancorp
US Bancorp
Minnesota
$678M +$10.1M 65 1.13% Increased
132
BP
Berkshire Partners
Massachusetts
$666M $0 1 46.25% Maintained
133
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$655M -$4.52M 45 2.31% Reduced
134
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$642M +$12.8M 35 0.97% Increased
135
Fidelity International
Fidelity International
Bermuda
$629M +$39.4M 16 0.65% Increased
136
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$628M +$3.43M 40 2% Increased
137
Natixis Advisors
Natixis Advisors
Massachusetts
$626M +$33.3M 33 2.39% Increased
138
GAMCO Investors
GAMCO Investors
Connecticut
$625M +$2.89M 28 5.64% Increased
139
Sachem Head Capital Management
Sachem Head Capital Management
New York
$625M -$114M 1 15.95% Reduced
140
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$613M +$1.94M 20 1.29% Increased
141
Cooke & Bieler
Cooke & Bieler
Pennsylvania
$601M -$157M 4 5.28% Reduced
142
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$597M +$39.5M 43 2.36% Increased
143
DMC
Deer Management Company
New York
$590M -$75.8M 1 20.37% Reduced
144
Two Sigma Advisers
Two Sigma Advisers
New York
$585M +$130M 44 1.56% Increased
145
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$581M -$12.1M 26 2.13% Reduced
146
Chevy Chase Trust
Chevy Chase Trust
Maryland
$578M -$1.34M 15 1.99% Reduced
147
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$577M -$29.6M 60 0.78% Reduced
148
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$574M +$25.6M 45 1.08% Increased
149
Alkeon Capital Management
Alkeon Capital Management
New York
$571M -$109M 2 1.14% Reduced
150
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$570M +$32.7M 43 2.2% Increased