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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
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$412M -$12.4M 25 1.88% Reduced
152
LPL Financial
LPL Financial
California
$410M +$40.5M 39 0.71% Increased
153
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$409M -$136M 37 2% Reduced
154
STRS Ohio
STRS Ohio
Ohio
$408M +$19.2M 36 1.79% Increased
155
Trian Fund Management
Trian Fund Management
New York
$405M -$33.2M 1 7.33% Reduced
156
Los Angeles Capital Management
Los Angeles Capital Management
California
$397M -$37.6M 34 1.91% Reduced
157
1832 Asset Management
1832 Asset Management
Ontario, Canada
$395M -$75.4M 12 1.18% Reduced
158
Gabelli Funds
Gabelli Funds
New York
$393M -$44.3M 26 3.2% Reduced
159
Asset Management One
Asset Management One
Japan
$386M +$4.4M 22 1.9% Increased
160
Natixis Advisors
Natixis Advisors
Massachusetts
$383M +$93.1M 30 2.54% Increased
161
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$380M -$156M 22 0.97% Reduced
162
Two Sigma Investments
Two Sigma Investments
New York
$380M +$291M 40 1.88% Increased
163
Homestead Advisers
Homestead Advisers
Virginia
$370M -$23.3M 7 9.5% Reduced
164
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$368M -$14.4M 23 0.67% Reduced
165
Cooke & Bieler
Cooke & Bieler
Pennsylvania
$368M -$44.4M 5 5.05% Reduced
166
Fred Alger Management
Fred Alger Management
New York
$367M -$64.4M 13 1.21% Reduced
167
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$364M +$28.5M 22 2.7% Increased
168
Fiduciary Management Inc
Fiduciary Management Inc
Wisconsin
$360M -$153M 3 3.03% Reduced
169
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$354M +$498K 32 2.12% Increased
170
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$351M +$6.78M 12 2.44% Increased
171
Royce & Associates
Royce & Associates
New York
$350M -$19.3M 37 3.86% Reduced
172
Ninety One (UK)
Ninety One (UK)
United Kingdom
$348M +$23.1M 4 1.23% Increased
173
AIG
American International Group
New York
$347M +$4.68M 57 1.67% Increased
174
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$344M +$17.6M 33 1.09% Increased
175
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$336M -$105M 18 1.16% Reduced