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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
176
Bessemer Group
Bessemer Group
New Jersey
$438M +$37.9M 23 2.36% Increased
177
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
$427M -$85.9M 36 2.37% Reduced
178
HCM
Herndon Capital Management
Georgia
$427M -$2.07M 5 5.81% Reduced
179
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$426M -$58.5M 14 3.52% Reduced
180
Fayez Sarofim & Co
Fayez Sarofim & Co
Texas
$425M -$21.5M 7 2.02% Reduced
181
AGF Investments Inc
AGF Investments Inc
Ontario, Canada
$421M -$2.17M 10 4.5% Reduced
182
Thomaspartners
Thomaspartners
Massachusetts
$419M -$91.1M 7 7.19% Reduced
183
PCM
Pennant Capital Management
New Jersey
$406M -$47.6M 3 7.62% Reduced
184
Two Sigma Investments
Two Sigma Investments
New York
$403M -$222M 30 2.23% Reduced
185
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$397M +$557K 32 3.39% Increased
186
KeyBank National Association
KeyBank National Association
Ohio
$395M -$5.21M 18 2.59% Reduced
187
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$394M -$11.2M 16 2.83% Reduced
188
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$389M +$11.5M 43 3.21% Increased
189
Nuveen
Nuveen
North Carolina
$384M +$27.7M 29 2.16% Increased
190
Raymond James & Associates
Raymond James & Associates
Florida
$383M +$80.6M 25 1.87% Increased
191
First Trust Advisors
First Trust Advisors
Illinois
$381M +$23.4M 41 1.29% Increased
192
Mairs & Power Inc
Mairs & Power Inc
Minnesota
$378M +$2.3M 5 5.25% Increased
193
ACI
AMP Capital Investors
Australia
$377M -$25.7M 20 2.31% Reduced
194
British Columbia Investment Management
British Columbia Investment Management
British Columbia, Canada
$374M +$9.37M 13 3.09% Increased
195
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$373M +$1.64M 8 2.86% Increased
196
Federated Hermes
Federated Hermes
Pennsylvania
$368M -$14M 37 1.14% Reduced
197
Sarasin & Partners
Sarasin & Partners
United Kingdom
$365M +$6.53M 4 5.45% Increased
198
MSA
Mason Street Advisors
Wisconsin
$364M +$11M 45 2.55% Increased
199
Letko, Brosseau & Associates
Letko, Brosseau & Associates
Quebec, Canada
$363M -$2.21M 2 3.17% Reduced
200
Lone Pine Capital
Lone Pine Capital
Connecticut
$351M $0 1 1.47% Maintained