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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
Brandes Investment Partners
Brandes Investment Partners
California
$928M +$40.8M 8 10.43% Increased
127
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$924M -$222M 6 3.74% Reduced
128
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$911M +$26.1M 23 2.01% Increased
129
US Bancorp
US Bancorp
Minnesota
$901M -$10.4M 58 1.16% Reduced
130
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$899M +$146M 77 0.16% Increased
131
Unisphere Establishment
Unisphere Establishment
Liechtenstein
$864M +$103M 2 8.18% Increased
132
Point72 Asset Management
Point72 Asset Management
Connecticut
$857M +$210M 22 2.18% Increased
133
Snyder Capital Management
Snyder Capital Management
California
$854M -$5.38M 8 17.75% Reduced
134
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
$830M +$43.5M 15 3.26% Increased
135
William Blair Investment Management
William Blair Investment Management
Illinois
$829M +$91M 7 2.05% Increased
136
Artisan Partners
Artisan Partners
Wisconsin
$823M -$1.21M 7 1.22% Reduced
137
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
$819M +$97.8M 2 3.04% Increased
138
AGF Management
AGF Management
Ontario, Canada
$818M +$10.1M 22 4.14% Increased
139
Congress Asset Management
Congress Asset Management
Massachusetts
$818M +$24.6M 12 5.58% Increased
140
Pictet Asset Management
Pictet Asset Management
Switzerland
$817M +$23.6M 48 0.9% Increased
141
Fidelity International
Fidelity International
Bermuda
$813M -$54.3M 19 0.74% Reduced
142
William Blair & Company
William Blair & Company
Illinois
$802M +$42.7M 34 2.35% Increased
143
Rockefeller Capital Management
Rockefeller Capital Management
New York
$801M +$58.6M 26 2.16% Increased
144
Bahl & Gaynor
Bahl & Gaynor
Ohio
$793M +$1.14M 12 4.09% Increased
145
Ontario Teachers' Pension Plan Board
Ontario Teachers' Pension Plan Board
Ontario, Canada
$771M -$8.34M 9 6.54% Reduced
146
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$770M -$77.9M 18 3.3% Reduced
147
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$768M +$12.4M 24 1.75% Increased
148
Trian Fund Management
Trian Fund Management
New York
$760M $0 1 19.53% Maintained
149
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
$760M +$8.68M 52 1.15% Increased
150
Panagora Asset Management
Panagora Asset Management
Massachusetts
$758M +$78.4M 32 3.62% Increased