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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
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$818M +$7.52M 43 1.21% Increased
127
Snyder Capital Management
Snyder Capital Management
California
$818M +$20.8M 8 17.5% Increased
128
Russell Investments Group
Russell Investments Group
United Kingdom
$795M -$68.1M 59 1.25% Reduced
129
Unisphere Establishment
Unisphere Establishment
Liechtenstein
$782M -$35.6M 2 7.9% Reduced
130
William Blair Investment Management
William Blair Investment Management
Illinois
$766M -$149M 5 1.98% Reduced
131
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$764M -$34.5M 21 3.45% Reduced
132
Brandes Investment Partners
Brandes Investment Partners
California
$756M +$77.4M 8 9.72% Increased
133
MG
Meritage Group
California
$737M -$256M 2 17.37% Reduced
134
Yacktman Asset Management
Yacktman Asset Management
Texas
$735M -$469K 5 6.61% Reduced
135
GAMCO Investors
GAMCO Investors
Connecticut
$729M -$11M 28 7.37% Reduced
136
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$728M +$2.62M 39 2.2% Increased
137
Pictet Asset Management
Pictet Asset Management
Switzerland
$720M -$7.48M 44 0.78% Reduced
138
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$718M +$76.4M 21 1.67% Increased
139
HighTower Advisors
HighTower Advisors
Illinois
$709M -$221M 44 1.15% Reduced
140
Trian Fund Management
Trian Fund Management
New York
$707M $0 1 8.82% Maintained
141
Select Equity Group
Select Equity Group
New York
$701M -$31.6M 4 2.48% Reduced
142
Winslow Capital Management
Winslow Capital Management
Minnesota
$701M +$216M 2 2.64% Increased
143
STRS Ohio
STRS Ohio
Ohio
$701M +$26.7M 41 2.79% Increased
144
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$700M $0 1 0.63% Maintained
145
Artisan Partners
Artisan Partners
Wisconsin
$691M +$14.6M 6 1% Increased
146
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$685M -$1.68M 28 2.65% Reduced
147
AGF Management
AGF Management
Ontario, Canada
$683M +$21.2M 24 3.79% Increased
148
Fidelity International
Fidelity International
Bermuda
$675M -$13.5M 19 0.67% Reduced
149
London Company of Virginia
London Company of Virginia
Virginia
$673M -$2.86M 3 3.55% Reduced
150
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$670M -$19.9M 24 1.54% Reduced