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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
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$595M -$44.3M 46 2.4% Reduced
152
Alyeska Investment Group
Alyeska Investment Group
Illinois
$595M +$190M 13 4.42% Increased
153
Jennison Associates
Jennison Associates
New York
$594M -$278M 12 0.49% Reduced
154
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
$593M +$28.3M 52 1.21% Increased
155
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$583M +$42.7M 29 2.61% Increased
156
National Bank of Canada
National Bank of Canada
Quebec, Canada
$574M +$192M 42 1.05% Increased
157
Chevy Chase Trust
Chevy Chase Trust
Maryland
$572M -$3.98M 15 2.14% Reduced
158
Clal Insurance
Clal Insurance
Israel
$570M +$6.95M 4 6.81% Increased
159
Osaic Holdings
Osaic Holdings
Arizona
$569M -$2.68M 87 1.02% Reduced
160
Eagle Asset Management
Eagle Asset Management
Florida
$560M +$56.7M 12 3.12% Increased
161
Gabelli Funds
Gabelli Funds
New York
$529M +$27.2M 33 4.01% Increased
162
Brown Advisory
Brown Advisory
Maryland
$526M +$115M 23 0.82% Increased
163
Lone Pine Capital
Lone Pine Capital
Connecticut
$521M -$91.6M 1 4.78% Reduced
164
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$504M -$25.1M 9 1.88% Reduced
165
William Blair & Company
William Blair & Company
Illinois
$504M +$6.25M 29 1.85% Increased
166
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
$502M +$188M 39 1.75% Increased
167
Rockefeller Capital Management
Rockefeller Capital Management
New York
$501M -$6.94M 25 1.94% Reduced
168
Ontario Teachers' Pension Plan Board
Ontario Teachers' Pension Plan Board
Ontario, Canada
$500M +$441M 15 5.22% Increased
169
Squarepoint
Squarepoint
New York
$500M +$164M 52 1.53% Increased
170
ProShare Advisors
ProShare Advisors
Maryland
$499M -$2.29M 42 1.45% Reduced
171
Westfield Capital Management
Westfield Capital Management
Massachusetts
$497M -$93.2M 6 3.16% Reduced
172
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$497M -$387M 21 1.4% Reduced
173
Aviva
Aviva
United Kingdom
$491M +$82.5M 18 2% Increased
174
Westwood Holdings Group
Westwood Holdings Group
Texas
$486M -$3.2M 12 4.35% Reduced
175
Epoch Investment Partners
Epoch Investment Partners
New York
$481M +$5.38M 10 2.79% Increased