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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
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$819M -$9.03M 39 1.67% Reduced
127
US Bancorp
US Bancorp
Minnesota
$811M -$18.9M 60 1.2% Reduced
128
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$810M -$55.5M 25 1.05% Reduced
129
Viking Global Investors
Viking Global Investors
Connecticut
$795M -$278M 2 2.91% Reduced
130
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$795M +$8.84M 20 3.82% Increased
131
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$791M +$72M 45 1.28% Increased
132
Russell Investments Group
Russell Investments Group
United Kingdom
$789M -$19.5M 60 1.4% Reduced
133
MG
Meritage Group
California
$780M +$62.7M 2 17.95% Increased
134
Two Sigma Investments
Two Sigma Investments
New York
$774M -$680M 55 1.78% Reduced
135
Select Equity Group
Select Equity Group
New York
$726M -$70.2M 3 2.58% Reduced
136
Snyder Capital Management
Snyder Capital Management
California
$725M -$136M 8 16.34% Reduced
137
Yacktman Asset Management
Yacktman Asset Management
Texas
$708M -$3.39M 4 6.58% Reduced
138
National Bank of Canada
National Bank of Canada
Quebec, Canada
$707M -$70.4M 40 1.13% Reduced
139
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$672M -$3.13M 39 2.26% Reduced
140
AGF Management
AGF Management
Ontario, Canada
$669M +$62.7M 23 3.94% Increased
141
VVP
Vulcan Value Partners
Alabama
$667M -$66.3M 3 9.79% Reduced
142
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$661M -$11.1M 25 1.55% Reduced
143
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$649M -$78.8M 26 0.94% Reduced
144
Pictet Asset Management
Pictet Asset Management
Switzerland
$649M +$113M 44 0.72% Increased
145
STRS Ohio
STRS Ohio
Ohio
$647M +$5.62M 42 2.7% Increased
146
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$644M +$19.2M 22 1.61% Increased
147
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$633M +$18.5M 28 2.68% Increased
148
GAMCO Investors
GAMCO Investors
Connecticut
$632M -$67.6M 27 6.74% Reduced
149
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
$626M -$11.9M 52 1.15% Reduced
150
Artisan Partners
Artisan Partners
Wisconsin
$626M -$199M 7 0.96% Reduced