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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
151
Adage Capital Partners
Adage Capital Partners
Massachusetts
$1.66B -$108M 25 2.33% Reduced
152
GGH
GCM Grosvenor Holdings
Illinois
$1.64B +$1.46B 2 70.75% Increased
153
New York State Teachers Retirement System (NYSTRS)
New York State Teachers Retirement System (NYSTRS)
New York
$1.63B -$79.1M 48 3.02% Reduced
154
Aviva
Aviva
United Kingdom
$1.63B +$96.4M 27 2.4% Increased
155
William Blair & Company
William Blair & Company
Illinois
$1.61B +$165M 51 4.2% Increased
156
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$1.61B -$152M 37 1.61% Reduced
157
Korea Investment Corp
Korea Investment Corp
South Korea
$1.56B +$102M 25 2.97% Increased
158
Point72 Asset Management
Point72 Asset Management
Connecticut
$1.56B -$181M 43 1.72% Reduced
159
HighTower Advisors
HighTower Advisors
Illinois
$1.53B +$80.8M 72 1.47% Increased
160
Brown Advisory
Brown Advisory
Maryland
$1.53B -$68.3M 41 2.37% Reduced
161
Trian Fund Management
Trian Fund Management
New York
$1.51B $0 1 35.61% Maintained
162
Hancock Prospecting
Hancock Prospecting
Australia
$1.5B +$1.42B 5 26.31% Increased
163
Bessemer Group
Bessemer Group
New Jersey
$1.49B -$102M 60 2.04% Reduced
164
Brandes Investment Partners
Brandes Investment Partners
California
$1.47B -$26.1M 6 10.32% Reduced
165
Daiwa Securities Group
Daiwa Securities Group
Japan
$1.47B +$252M 35 2.88% Increased
166
Truist Financial
Truist Financial
North Carolina
$1.47B +$1.5M 60 1.76% Increased
167
Fred Alger Management
Fred Alger Management
New York
$1.47B +$873M 19 4.9% Increased
168
Vident Advisory
Vident Advisory
Georgia
$1.47B +$74.1M 70 10.61% Increased
169
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$1.45B $0 1 0.99% Maintained
170
HRT Financial
HRT Financial
New York
$1.45B +$836M 49 2.64% Increased
171
Corient Private Wealth
Corient Private Wealth
Florida
$1.45B +$183M 63 2% Increased
172
Rockefeller Capital Management
Rockefeller Capital Management
New York
$1.44B +$63M 91 2.21% Increased
173
Kinetic Partners Management
Kinetic Partners Management
Florida
$1.43B +$1.27B 3 34.23% Increased
174
Ensign Peak Advisors
Ensign Peak Advisors
Utah
$1.42B -$3.48M 49 2.34% Reduced
175
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$1.41B -$34.8M 75 2.29% Reduced