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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
Russell Investments Group
Russell Investments Group
United Kingdom
$733M -$68.4M 61 1.45% Reduced
127
US Bancorp
US Bancorp
Minnesota
$705M -$90.2K 62 1.15% Reduced
128
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$701M +$94.5M 40 1.54% Increased
129
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$697M -$221M 75 0.15% Reduced
130
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$696M +$17.3M 19 3.61% Increased
131
Korea Investment Corp
Korea Investment Corp
South Korea
$692M +$16.3M 19 2.04% Increased
132
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$689M -$37.3M 31 1.97% Reduced
133
National Bank of Canada
National Bank of Canada
Quebec, Canada
$682M +$165M 44 1.04% Increased
134
Osaic Holdings
Osaic Holdings
Arizona
$650M +$140M 88 0.96% Increased
135
Yacktman Asset Management
Yacktman Asset Management
Texas
$645M -$1.62M 4 6.35% Reduced
136
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$632M -$102M 33 1.04% Reduced
137
VVP
Vulcan Value Partners
Alabama
$632M -$265M 3 9.62% Reduced
138
MG
Meritage Group
California
$606M -$35.4M 2 14.39% Reduced
139
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$600M +$5.94M 44 1.09% Increased
140
GAMCO Investors
GAMCO Investors
Connecticut
$599M -$162M 28 6.94% Reduced
141
Jane Street
Jane Street
New York
$591M -$43.8M 56 0.19% Reduced
142
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$590M -$15.6M 52 0.76% Reduced
143
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$582M -$28M 40 2.09% Reduced
144
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$580M +$90.8M 21 1.66% Increased
145
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$578M -$22.7M 24 1.45% Reduced
146
Bahl & Gaynor
Bahl & Gaynor
Ohio
$577M -$18.3M 12 3.68% Reduced
147
Alyeska Investment Group
Alyeska Investment Group
Illinois
$573M +$10.4M 11 3.89% Increased
148
Fidelity International
Fidelity International
Bermuda
$555M -$140M 17 0.65% Reduced
149
Bessemer Group
Bessemer Group
New Jersey
$555M -$36.1M 46 1.22% Reduced
150
STRS Ohio
STRS Ohio
Ohio
$549M -$3.22M 38 2.44% Reduced