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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
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
$944M -$143M 9 3.06% Reduced
152
Lazard Asset Management
Lazard Asset Management
New York
$928M -$114M 46 1.28% Reduced
153
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
$928M -$14M 27 2.15% Reduced
154
Danske Bank
Danske Bank
Denmark
$923M +$192M 30 2.29% Increased
155
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$912M +$4.49M 21 3.96% Increased
156
Man Group
Man Group
United Kingdom
$911M +$601K 36 1.73% Increased
157
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
$885M -$146M 54 1.46% Reduced
158
William Blair Investment Management
William Blair Investment Management
Illinois
$884M +$109M 7 2.35% Increased
159
Los Angeles Capital Management
Los Angeles Capital Management
California
$878M +$186M 31 3.29% Increased
160
Treasurer of the State of North Carolina
Treasurer of the State of North Carolina
North Carolina
$865M +$38.8M 37 2.77% Increased
161
STRS Ohio
STRS Ohio
Ohio
$862M +$10.9M 54 3.22% Increased
162
Universal-Beteiligungs- und Servicegesellschaft
Universal-Beteiligungs- und Servicegesellschaft
Germany
$854M +$96M 48 1.51% Increased
163
Viking Global Investors
Viking Global Investors
Connecticut
$851M +$186M 2 2.46% Increased
164
Snyder Capital Management
Snyder Capital Management
California
$834M -$109M 8 17.75% Reduced
165
Cerity Partners
Cerity Partners
New York
$816M +$70.7M 51 1.45% Increased
166
Stockbridge Partners
Stockbridge Partners
Massachusetts
$810M -$64.2M 1 15.83% Reduced
167
Asset Management One
Asset Management One
Japan
$799M +$16.3M 24 2.51% Increased
168
Royal London Asset Management
Royal London Asset Management
United Kingdom
$782M -$45M 20 1.78% Reduced
169
Mariner
Mariner
Kansas
$782M +$43.7M 59 1.13% Increased
170
WorldQuant Millennium Advisors
WorldQuant Millennium Advisors
New York
$778M +$39.9M 14 3.86% Increased
171
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
$777M -$147M 14 2.84% Reduced
172
Panagora Asset Management
Panagora Asset Management
Massachusetts
$770M -$3.13M 37 3.47% Reduced
173
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$768M +$13.4M 55 2.58% Increased
174
Nikko Asset Management Americas
Nikko Asset Management Americas
New York
$766M -$156M 13 7.64% Reduced
175
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$764M -$43.9M 29 2.73% Reduced