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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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
151	William Blair & Company Chicago, Illinois	$491M	-$31.2M	22	0.84%	Reduced
152	Aristotle Capital Management Los Angeles, California	$488M	+$6.01M	6	6.42%	Increased
153	Eagle Asset Management St Petersburg, Florida	$483M	+$55.4M	12	2.76%	Increased
154	Thomaspartners Boston, Massachusetts	$478M	+$32.4M	6	9.31%	Increased
155	Capital Guardian Trust Los Angeles, California	$474M	-$21.5M	13	3.38%	Reduced
156	Gateway Investment Advisers Cincinnati, Ohio	$470M	-$41.9M	13	3.7%	Reduced
157	Tiger Global Management New York	$470M	$0	1	6.23%	Maintained
158	M&T Bank Buffalo, New York	$466M	+$371M	33	2.99%	Increased
159	Baillie Gifford & Co Edinburgh, United Kingdom	$458M	-$6.47M	3	1.01%	Reduced
160	EARNEST Partners Atlanta, Georgia	$456M	+$5.74M	11	3.81%	Increased
161	Fidelity International Hamilton, Bermuda	$450M	-$96.4M	9	1.73%	Reduced
162	Aviva London, United Kingdom	$443M	+$2.68M	14	3.5%	Increased
163	MLICM Metropolitan Life Insurance Company (MetLife) New York	$441M	-$6.42M	49	3.17%	Reduced
164	Pictet Asset Management (UK) London, United Kingdom	$440M	-$11.6M	16	2.12%	Reduced
165	PCM Pennant Capital Management Summit, New Jersey	$433M	-$41.2M	3	7.59%	Reduced
166	Sanders Capital West Palm Beach, Florida	$433M	+$7.83M	2	4.63%	Increased
167	Teacher Retirement System of Texas Austin, Texas	$429M	-$756K	45	3.56%	Reduced
168	Fayez Sarofim & Co Houston, Texas	$427M	-$17.7M	7	2%	Reduced
169	EA Euclid Advisors Hartford, Connecticut	$422M	+$52.5M	11	3.03%	Increased
170	State of Michigan Retirement System Lansing, Michigan	$417M	-$20.3M	21	2.89%	Reduced
171	Glenmede Trust Philadelphia, Pennsylvania	$408M	-$5.98M	35	3.58%	Reduced
172	HCM Herndon Capital Management Atlanta, Georgia	$405M	-$13M	4	5.34%	Reduced
173	AGF Investments Inc Toronto, Ontario, Canada	$403M	+$10.2M	8	4.19%	Increased
174	VFA Virtus Fund Advisers Hartford, Connecticut	$399M	-$34.6M	25	3.04%	Reduced
175	Select Equity Group New York	$399M	+$54.2M	4	4.12%	Increased