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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
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$462M +$27.2M 16 2.2% Increased
152
VFA
Virtus Fund Advisers
Connecticut
$460M +$458M 46 3.22% New
153
EARNEST Partners
EARNEST Partners
Georgia
$456M +$1.85M 10 3.63% Increased
154
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
$455M -$23.6M 49 3.16% Reduced
155
Aviva
Aviva
United Kingdom
$450M +$7.02M 15 3.44% Increased
156
First Trust Advisors
First Trust Advisors
Illinois
$446M +$94.5M 42 1.85% Increased
157
PCM
Pennant Capital Management
New Jersey
$445M -$197M 4 7.97% Reduced
158
Thomaspartners
Thomaspartners
Massachusetts
$440M +$49.9M 6 9.18% Increased
159
Eagle Asset Management
Eagle Asset Management
Florida
$439M -$10.1M 10 2.38% Reduced
160
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$437M +$35.2M 21 3.05% Increased
161
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$435M +$39.5M 3 0.94% Increased
162
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$434M +$47.9M 19 3.1% Increased
163
Tiger Global Management
Tiger Global Management
New York
$426M -$13.4M 1 5.4% Reduced
164
ING Group
ING Group
Netherlands
$426M -$57.7M 11 2.15% Reduced
165
Glenmede Trust
Glenmede Trust
Pennsylvania
$424M +$45.2M 33 3.81% Increased
166
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$423M -$10.6M 46 3.5% Reduced
167
AWM
Ashmore Wealth Management
Delaware
$423M $0 2 8.15% Maintained
168
Commerzbank Aktiengesellschaft
Commerzbank Aktiengesellschaft
Germany
$416M +$6.24M 14 2.13% Increased
169
KeyBank National Association
KeyBank National Association
Ohio
$414M -$14.1M 18 2.74% Reduced
170
Sanders Capital
Sanders Capital
Florida
$410M +$5.73M 2 4.56% Increased
171
Korea Investment Corp
Korea Investment Corp
South Korea
$409M -$5.34M 12 3.4% Reduced
172
Pzena Investment Management
Pzena Investment Management
New York
$405M -$16.4M 3 2.25% Reduced
173
BHG
Blue Harbour Group
Connecticut
$401M +$60.3M 2 15.56% Increased
174
ACI
AMP Capital Investors
Australia
$396M +$1.39M 24 2.46% Increased
175
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$396M -$169K 31 3.59% Reduced