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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
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
$664M -$2.76M 53 1.05% Reduced
152
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$662M -$32.4M 28 2.56% Reduced
153
GAMCO Investors
GAMCO Investors
Connecticut
$653M -$90.1M 28 7.1% Reduced
154
WPL
WINDACRE PARTNERSHIP LLC
Texas
$652M +$15.8M 1 8.58% Increased
155
Fred Alger Management
Fred Alger Management
New York
$644M -$13.5M 12 3.13% Reduced
156
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
$641M +$420M 18 2.16% Increased
157
Trian Fund Management
Trian Fund Management
New York
$641M -$163M 1 15.63% Reduced
158
Winslow Capital Management
Winslow Capital Management
Minnesota
$635M -$68.5M 2 2.29% Reduced
159
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$634M -$161M 1 0.57% Reduced
160
APG Asset Management
APG Asset Management
Netherlands
$626M -$65.1M 9 1.12% Reduced
161
MG
Meritage Group
California
$610M -$210M 2 15.5% Reduced
162
William Blair Investment Management
William Blair Investment Management
Illinois
$608M -$111M 4 1.59% Reduced
163
ARK Investment Management
ARK Investment Management
Florida
$607M -$37M 17 5.38% Reduced
164
Point72 Asset Management
Point72 Asset Management
Connecticut
$600M -$430M 29 1.57% Reduced
165
Chevy Chase Trust
Chevy Chase Trust
Maryland
$597M -$34.9M 15 1.9% Reduced
166
Bank Julius Baer & Co
Bank Julius Baer & Co
Switzerland
$581M -$50.2M 11 2.22% Reduced
167
Aviva
Aviva
United Kingdom
$579M +$56.8M 18 1.6% Increased
168
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$574M -$35.5M 47 2.24% Reduced
169
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$573M -$98.9M 23 0.92% Reduced
170
Panagora Asset Management
Panagora Asset Management
Massachusetts
$566M +$33.3M 31 2.85% Increased
171
Man Group
Man Group
United Kingdom
$562M +$245M 33 1.42% Increased
172
Federated Hermes
Federated Hermes
Pennsylvania
$561M +$28M 46 1.33% Increased
173
Voloridge Investment Management
Voloridge Investment Management
Florida
$556M -$81.5M 22 2.07% Reduced
174
Mariner
Mariner
Kansas
$551M +$19.6M 44 1.07% Increased
175
Treasurer of the State of North Carolina
Treasurer of the State of North Carolina
North Carolina
$549M -$24.1M 32 2.33% Reduced