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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
AGF Investments Inc
AGF Investments Inc
Ontario, Canada
$510M +$19.4M 9 5.55% Increased
152
DZ Bank
DZ Bank
Germany
$509M +$69.1M 17 2.32% Increased
153
Aberdeen Asset Management
Aberdeen Asset Management
United Kingdom
$501M +$14.7M 14 1.78% Increased
154
GA
Greenhaven Associates
New York
$500M -$1.7M 1 7.95% Reduced
155
Pictet Asset Management (UK)
Pictet Asset Management (UK)
United Kingdom
$497M -$18.2M 14 1.62% Reduced
156
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$496M +$26.3M 10 3.12% Increased
157
M&T Bank
M&T Bank
New York
$490M -$7.68M 28 2.96% Reduced
158
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$487M -$73.8M 25 1.21% Reduced
159
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
$480M -$10.2M 51 3.33% Reduced
160
Brandywine Global Investment Management
Brandywine Global Investment Management
Pennsylvania
$478M -$2.65M 17 3.02% Reduced
161
EARNEST Partners
EARNEST Partners
Georgia
$464M -$15.6M 11 4.95% Reduced
162
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$459M -$23.7M 42 3.49% Reduced
163
KeyBank National Association
KeyBank National Association
Ohio
$454M -$5.01M 21 2.72% Reduced
164
First Manhattan
First Manhattan
New York
$442M -$16.9M 24 2.62% Reduced
165
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$439M -$10.9M 25 3.39% Reduced
166
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$435M -$2.28M 25 3.37% Reduced
167
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$431M -$5.03M 32 3.26% Reduced
168
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$430M -$14M 28 3.07% Reduced
169
VFA
Virtus Fund Advisers
Connecticut
$426M -$68.2M 16 4.02% Reduced
170
Mairs & Power Inc
Mairs & Power Inc
Minnesota
$425M +$5.49M 6 5.21% Increased
171
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$424M -$23.7M 14 3.89% Reduced
172
Comerica Bank
Comerica Bank
Texas
$423M -$1.27M 46 3.21% Reduced
173
Edge Asset Management
Edge Asset Management
Washington
$418M -$23.7M 9 3.15% Reduced
174
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$416M -$99.4M 8 1.4% Reduced
175
Aperio Group
Aperio Group
California
$416M +$11.3M 45 2.84% Increased