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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
Natixis Advisors
Natixis Advisors
Massachusetts
$583M +$40.6M 37 2.57% Increased
127
Longview Partners
Longview Partners
Guernsey
$576M -$130M 1 4.4% Reduced
128
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$561M -$18.6M 45 2.38% Reduced
129
Mitsubishi UFJ Asset Management
Mitsubishi UFJ Asset Management
Japan
$548M +$25.9M 43 2.43% Increased
130
BP
Berkshire Partners
Massachusetts
$548M $0 1 53.88% Maintained
131
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$545M -$7.5M 41 2.07% Reduced
132
GAMCO Investors
GAMCO Investors
Connecticut
$536M +$3.59M 30 5.88% Increased
133
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$529M -$57.6M 64 0.13% Reduced
134
Yacktman Asset Management
Yacktman Asset Management
Texas
$528M +$188K 3 5.48% Increased
135
Snyder Capital Management
Snyder Capital Management
California
$525M +$18.1M 7 14.22% Increased
136
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$523M +$13.7M 60 0.82% Increased
137
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$515M +$45.2M 28 1.32% Increased
138
Chevy Chase Trust
Chevy Chase Trust
Maryland
$514M -$1.32M 15 2.13% Reduced
139
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$510M -$6.55M 40 1.11% Reduced
140
DZ Bank
DZ Bank
Germany
$508M -$161M 14 0.91% Reduced
141
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$508M -$15.3M 34 1.29% Reduced
142
STRS Ohio
STRS Ohio
Ohio
$507M +$26.8M 46 2.28% Increased
143
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$506M +$2.26M 43 2.35% Increased
144
Point72 Asset Management
Point72 Asset Management
Connecticut
$505M +$183M 17 2.13% Increased
145
Clal Insurance
Clal Insurance
Israel
$505M +$40.7M 4 6.72% Increased
146
Bahl & Gaynor
Bahl & Gaynor
Ohio
$501M +$59.8M 12 3.3% Increased
147
Eagle Asset Management
Eagle Asset Management
Florida
$499M +$11.4M 11 3.13% Increased
148
Baupost Group
Baupost Group
Massachusetts
$499M $0 1 7.37% Maintained
149
Fidelity International
Fidelity International
Bermuda
$498M -$22.9M 14 0.59% Reduced
150
Westwood Holdings Group
Westwood Holdings Group
Texas
$493M +$41.8M 11 5.38% Increased