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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
Snyder Capital Management
Snyder Capital Management
California
$680M +$37.6M 8 15.35% Increased
127
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$660M +$10.6M 44 1.33% Increased
128
Bessemer Group
Bessemer Group
New Jersey
$648M -$221M 38 1.58% Reduced
129
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$639M -$101M 71 0.16% Reduced
130
Panagora Asset Management
Panagora Asset Management
Massachusetts
$638M +$40.6M 32 4.18% Increased
131
GAMCO Investors
GAMCO Investors
Connecticut
$632M -$3.75M 31 6.79% Reduced
132
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$631M +$94.4M 28 2.75% Increased
133
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$629M -$5.93M 44 2.73% Reduced
134
WCM Investment Management
WCM Investment Management
California
$626M +$281M 6 2.09% Increased
135
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$616M -$3.42M 38 2.33% Reduced
136
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$609M +$27.4M 24 1.59% Increased
137
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$608M +$145M 23 0.91% Increased
138
STRS Ohio
STRS Ohio
Ohio
$607M +$7.63M 43 2.74% Increased
139
Bahl & Gaynor
Bahl & Gaynor
Ohio
$595M -$20.1M 12 3.72% Reduced
140
Point72 Asset Management
Point72 Asset Management
Connecticut
$590M +$112M 22 2.01% Increased
141
AGF Management
AGF Management
Ontario, Canada
$572M +$455M 17 3.39% New
142
HighTower Advisors
HighTower Advisors
Illinois
$567M +$68M 41 1.3% Increased
143
Chevy Chase Trust
Chevy Chase Trust
Maryland
$563M -$32.7M 15 2.39% Reduced
144
Eagle Asset Management
Eagle Asset Management
Florida
$556M -$19.6M 13 3.41% Reduced
145
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$555M -$47.4M 9 2.08% Reduced
146
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale
Germany
$552M +$27M 19 1.46% Increased
147
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
$537M +$10.6M 49 1.29% Increased
148
Osaic Holdings
Osaic Holdings
Arizona
$535M +$39.2M 89 1.08% Increased
149
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$535M -$5.66M 39 1.39% Reduced
150
Corient Private Wealth
Corient Private Wealth
Florida
$533M +$506M 29 1.94% New