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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
William Blair & Company
William Blair & Company
Illinois
$801M +$62.9M 33 2.33% Increased
152
Capital Wealth Planning
Capital Wealth Planning
Florida
$792M +$294M 6 7.32% Increased
153
Bank Julius Baer & Co
Bank Julius Baer & Co
Switzerland
$782M +$192M 13 2.42% Increased
154
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
$774M +$177M 44 1.48% Increased
155
Congress Asset Management
Congress Asset Management
Massachusetts
$772M -$11.7M 13 5.22% Reduced
156
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
$755M +$484M 22 1.22% Increased
157
Man Group
Man Group
United Kingdom
$755M +$184M 34 1.99% Increased
158
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$747M -$2.46M 22 1.76% Reduced
159
STRS Ohio
STRS Ohio
Ohio
$736M +$4.54M 45 2.92% Increased
160
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
$734M +$41.8M 14 2.78% Increased
161
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$731M +$205M 35 2.64% Increased
162
Select Equity Group
Select Equity Group
New York
$714M +$53.9M 7 2.83% Increased
163
William Blair Investment Management
William Blair Investment Management
Illinois
$707M -$170M 8 1.73% Reduced
164
Chevy Chase Trust
Chevy Chase Trust
Maryland
$701M -$3.2M 17 2.14% Reduced
165
Nomura Holdings
Nomura Holdings
Japan
$693M +$547M 39 0.94% Increased
166
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$690M -$190M 7 3.05% Reduced
167
AL
AIP LLC
New York
$678M -$148M 1 89.33% Reduced
168
Bahl & Gaynor
Bahl & Gaynor
Ohio
$674M -$14.5M 11 3.56% Reduced
169
Trian Fund Management
Trian Fund Management
New York
$672M $0 1 17.32% Maintained
170
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$665M $0 1 0.61% Maintained
171
Nikko Asset Management Americas
Nikko Asset Management Americas
New York
$662M -$241M 11 7.18% Reduced
172
Mariner
Mariner
Kansas
$659M +$50.8M 52 1.11% Increased
173
GAMCO Investors
GAMCO Investors
Connecticut
$654M -$16.7M 29 6.85% Reduced
174
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$648M -$29.8M 30 2.41% Reduced
175
Credit Agricole
Credit Agricole
France
$647M +$458M 28 1.89% Increased