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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
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$392M +$55.3M 21 1.06% Increased
152
APG Asset Management
APG Asset Management
Netherlands
$391M -$42.6M 10 0.68% Reduced
153
Fiduciary Management Inc
Fiduciary Management Inc
Wisconsin
$382M -$14.6M 3 3.15% Reduced
154
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$381M -$4.87M 11 2.4% Reduced
155
Westfield Capital Management
Westfield Capital Management
Massachusetts
$379M -$173M 5 2.45% Reduced
156
Asset Management One
Asset Management One
Japan
$379M -$9.64M 22 1.74% Reduced
157
Holocene Advisors
Holocene Advisors
New York
$377M +$78.8M 21 2.86% Increased
158
Wedge Capital Management
Wedge Capital Management
North Carolina
$375M +$33.2M 17 5.02% Increased
159
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$374M -$43.1M 35 1.74% Reduced
160
Gabelli Funds
Gabelli Funds
New York
$374M -$33M 26 2.91% Reduced
161
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$373M -$7.3M 23 0.92% Reduced
162
AustralianSuper
AustralianSuper
Australia
$369M +$52M 2 3.15% Increased
163
Natixis Advisors
Natixis Advisors
Massachusetts
$368M -$9.83M 30 2.32% Reduced
164
DVI
Deccan Value Investors
Connecticut
$368M +$102M 2 16.73% Increased
165
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$364M -$103M 24 1.12% Reduced
166
Beutel, Goodman & Co
Beutel, Goodman & Co
Ontario, Canada
$361M +$42.7M 2 2.9% Increased
167
Homestead Advisers
Homestead Advisers
Virginia
$360M -$36.5M 6 9.85% Reduced
168
Lone Pine Capital
Lone Pine Capital
Connecticut
$358M -$468M 1 1.54% Reduced
169
Westwood Holdings Group
Westwood Holdings Group
Texas
$354M +$19M 13 4.49% Increased
170
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$353M -$16.7M 23 0.56% Reduced
171
AIG
American International Group
New York
$351M +$6.3M 57 1.68% Increased
172
Snyder Capital Management
Snyder Capital Management
California
$350M +$38.4M 9 15.02% Increased
173
Frontier Capital Management
Frontier Capital Management
Massachusetts
$350M -$121M 7 3.05% Reduced
174
Burgundy Asset Management
Burgundy Asset Management
Ontario, Canada
$346M +$36.5M 5 3.95% Increased
175
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$344M -$15M 31 1.9% Reduced