← All themes

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
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$519M -$37.8M 45 4.03% Reduced
152
Aviva
Aviva
United Kingdom
$519M +$44.6M 13 3.56% Increased
153
Burgundy Asset Management
Burgundy Asset Management
Ontario, Canada
$508M +$14M 4 5.62% Increased
154
EARNEST Partners
EARNEST Partners
Georgia
$504M -$33.5M 11 4.34% Reduced
155
Select Equity Group
Select Equity Group
New York
$501M -$10.2M 4 4.55% Reduced
156
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$496M +$7.46M 16 2.06% Increased
157
Cornerstone Investment Partners
Cornerstone Investment Partners
Georgia
$496M -$63.3M 5 9.14% Reduced
158
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$492M -$69M 35 2.62% Reduced
159
Fidelity International
Fidelity International
Bermuda
$485M -$49M 11 1.56% Reduced
160
Lone Pine Capital
Lone Pine Capital
Connecticut
$485M +$90.3M 1 1.83% Increased
161
Los Angeles Capital Management
Los Angeles Capital Management
California
$482M +$6.37M 28 4.44% Increased
162
Wedge Capital Management
Wedge Capital Management
North Carolina
$481M -$55.9M 16 4.82% Reduced
163
Glenmede Trust
Glenmede Trust
Pennsylvania
$480M +$28.3M 34 3.5% Increased
164
Pzena Investment Management
Pzena Investment Management
New York
$470M +$6.43M 2 2.61% Increased
165
M&T Bank
M&T Bank
New York
$466M -$28.4M 31 2.91% Reduced
166
Raymond James & Associates
Raymond James & Associates
Florida
$466M +$67.4M 28 2.05% Increased
167
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
$462M -$9.17M 43 3.4% Reduced
168
PointState Capital
PointState Capital
New York
$459M +$144M 3 6.22% Increased
169
Capital Guardian Trust
Capital Guardian Trust
California
$458M -$98.7M 18 3.4% Reduced
170
ING Group
ING Group
Netherlands
$450M +$7.62M 10 2.26% Increased
171
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$450M -$16.5M 22 3.15% Reduced
172
Thomaspartners
Thomaspartners
Massachusetts
$449M +$30.4M 7 7.29% Increased
173
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$442M +$33.8M 15 3.32% Increased
174
AGF Investments Inc
AGF Investments Inc
Ontario, Canada
$436M -$13M 9 4.74% Reduced
175
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$436M -$5.4M 14 3.62% Reduced