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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
$471M +$2.04M 8 5.62% Increased
152
Westfield Capital Management
Westfield Capital Management
Massachusetts
$471M +$25.1M 4 4.02% Increased
153
Axa
Axa
France
$468M -$89.3M 20 2.04% Reduced
154
Aperio Group
Aperio Group
California
$458M -$5.45M 48 2.31% Reduced
155
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
$456M -$6.12M 10 2.06% Reduced
156
VVP
Vulcan Value Partners
Alabama
$450M -$58.3M 2 4.15% Reduced
157
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$450M -$41.6M 19 0.77% Reduced
158
1832 Asset Management
1832 Asset Management
Ontario, Canada
$446M +$272M 13 1.76% Increased
159
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$442M -$69.1M 43 3.18% Reduced
160
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$438M -$85M 3 3.02% Reduced
161
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$437M -$116M 30 0.97% Reduced
162
Bahl & Gaynor
Bahl & Gaynor
Ohio
$433M +$150M 8 4.63% Increased
163
Korea Investment Corp
Korea Investment Corp
South Korea
$430M -$23.6M 15 2.34% Reduced
164
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$428M -$231M 56 1.01% Reduced
165
Homestead Advisers
Homestead Advisers
Virginia
$424M -$7.69M 7 8.24% Reduced
166
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$416M +$16M 21 1.87% Increased
167
Treasurer of the State of North Carolina
Treasurer of the State of North Carolina
North Carolina
$411M +$7.71M 25 3% Increased
168
Los Angeles Capital Management
Los Angeles Capital Management
California
$408M -$90.7M 27 2.53% Reduced
169
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$405M +$3.28M 27 0.16% Increased
170
Brandes Investment Partners
Brandes Investment Partners
California
$401M -$2.72M 1 10.22% Reduced
171
Soroban Capital Partners
Soroban Capital Partners
New York
$398M +$168M 1 8.36% Increased
172
Carillon Tower Advisers
Carillon Tower Advisers
Florida
$397M -$34.9M 14 3.36% Reduced
173
Man Group
Man Group
United Kingdom
$393M -$47.7M 35 1.75% Reduced
174
First Pacific Advisors
First Pacific Advisors
California
$387M -$28.2M 7 3.68% Reduced
175
Alkeon Capital Management
Alkeon Capital Management
New York
$383M -$15.4M 4 2.49% Reduced