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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	1832 Asset Management Toronto, Ontario, Canada	$505M	-$58.1M	9	1.56%	Reduced
152	Wedge Capital Management Charlotte, North Carolina	$502M	-$96.5M	16	5.04%	Reduced
153	Tiger Global Management New York	$499M	-$957K	1	5.89%	Reduced
154	William Blair & Company Chicago, Illinois	$496M	-$22.9M	21	0.8%	Reduced
155	MAM Marketfield Asset Management New York	$495M	+$323M	4	8.67%	Increased
156	Capital Guardian Trust Los Angeles, California	$488M	-$7.07M	11	3.38%	Reduced
157	Eagle Asset Management St Petersburg, Florida	$487M	-$31.3M	12	2.8%	Reduced
158	M&T Bank Buffalo, New York	$486M	+$5.35M	33	3.04%	Increased
159	EARNEST Partners Atlanta, Georgia	$482M	-$3.17M	11	3.95%	Reduced
160	Artisan Partners Milwaukee, Wisconsin	$481M	+$252M	6	0.84%	Increased
161	Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada	$481M	+$193M	28	1.54%	Increased
162	Pictet Asset Management (UK) London, United Kingdom	$478M	+$16.6M	15	2.14%	Increased
163	Select Equity Group New York	$476M	+$29.9M	4	4.46%	Increased
164	BNP Paribas Financial Markets Paris, France	$475M	-$158M	37	1.68%	Reduced
165	Burgundy Asset Management Toronto, Ontario, Canada	$474M	+$35.3M	4	5.23%	Increased
166	Commerzbank Aktiengesellschaft Frankfurt, Germany	$463M	-$144M	12	2.95%	Reduced
167	Baillie Gifford & Co Edinburgh, United Kingdom	$461M	+$26.5M	3	0.92%	Increased
168	MLICM Metropolitan Life Insurance Company (MetLife) New York	$457M	-$2.35M	49	3.16%	Reduced
169	Aviva London, United Kingdom	$455M	-$2.38M	14	3.53%	Reduced
170	State of Michigan Retirement System Lansing, Michigan	$452M	+$15.6M	21	2.99%	Increased
171	Sanders Capital West Palm Beach, Florida	$452M	+$1.86M	2	4.45%	Increased
172	Los Angeles Capital Management Los Angeles, California	$449M	+$135M	29	4.13%	Increased
173	BHG Blue Harbour Group Greenwich, Connecticut	$443M	+$20M	2	14.21%	Increased
174	Glenmede Trust Philadelphia, Pennsylvania	$443M	+$12M	36	3.47%	Increased
175	ING Group Amsterdam, Netherlands	$442M	+$83.2M	12	2.08%	Increased