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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
Aviva
Aviva
United Kingdom
$487M +$11.9M 13 3.7% Increased
152
Thomaspartners
Thomaspartners
Massachusetts
$485M +$12.7M 6 7.46% Increased
153
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$485M -$27.8M 46 3.51% Reduced
154
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$481M -$13.7M 12 2.04% Reduced
155
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$477M +$14.1M 14 3.99% Increased
156
M&T Bank
M&T Bank
New York
$476M -$15.7M 24 3.16% Reduced
157
EARNEST Partners
EARNEST Partners
Georgia
$474M -$8.06M 13 4.84% Reduced
158
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$471M +$13.2M 23 3.61% Increased
159
Glenmede Trust
Glenmede Trust
Pennsylvania
$469M -$20.7M 41 3.2% Reduced
160
Los Angeles Capital Management
Los Angeles Capital Management
California
$461M -$3.55M 25 4.22% Reduced
161
Wedge Capital Management
Wedge Capital Management
North Carolina
$454M +$35.7M 15 4.79% Increased
162
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$453M -$348M 20 1.91% Reduced
163
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
$451M -$19.2M 47 3.47% Reduced
164
AGF Investments Inc
AGF Investments Inc
Ontario, Canada
$451M +$18.4M 9 5.54% Increased
165
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$450M -$202K 23 1.27% Reduced
166
TimesSquare Capital Management
TimesSquare Capital Management
New York
$449M +$68.4M 6 2.83% Increased
167
Victory Capital Management
Victory Capital Management
Texas
$449M +$59.4M 29 1.87% Increased
168
Eagle Asset Management
Eagle Asset Management
Florida
$444M -$11.3M 12 2.97% Reduced
169
LPL Financial
LPL Financial
California
$443M +$192M 23 1.23% Increased
170
TCW Group
TCW Group
California
$438M -$51.1M 12 3.14% Reduced
171
Brown Advisory
Brown Advisory
Maryland
$438M +$6.9M 19 1.49% Increased
172
Korea Investment Corp
Korea Investment Corp
South Korea
$427M +$14.5M 10 2.98% Increased
173
HCM
Herndon Capital Management
Georgia
$418M +$16M 6 8.82% Increased
174
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$412M -$10.4M 41 3.47% Reduced
175
Pzena Investment Management
Pzena Investment Management
New York
$409M +$28.7M 2 2.53% Increased