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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
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$427M -$18.1M 22 2.96% Reduced
177
Capital Guardian Trust
Capital Guardian Trust
California
$423M -$14.2M 17 3.05% Reduced
178
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$417M +$25.5M 14 1.14% Increased
179
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$415M +$16.1M 41 3.39% Increased
180
Letko, Brosseau & Associates
Letko, Brosseau & Associates
Quebec, Canada
$413M +$53.7M 4 3.79% Increased
181
Nuveen
Nuveen
North Carolina
$411M +$10.8M 25 2.2% Increased
182
RS Investment Management
RS Investment Management
California
$401M +$43.5M 5 3.43% Increased
183
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
$400M -$2.42M 6 2.91% Reduced
184
Cornerstone Investment Partners
Cornerstone Investment Partners
Georgia
$397M -$83.8M 5 9.37% Reduced
185
First Trust Advisors
First Trust Advisors
Illinois
$394M +$53.8M 41 1.02% Increased
186
Glenmede Trust
Glenmede Trust
Pennsylvania
$393M -$77.7M 44 2.83% Reduced
187
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
$392M +$441K 3 0.7% Increased
188
KeyBank National Association
KeyBank National Association
Ohio
$384M -$3.05M 19 2.55% Reduced
189
VFA
Virtus Fund Advisers
Connecticut
$383M +$3.3M 18 2.85% Increased
190
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$378M +$45M 51 1.05% Increased
191
Brown Advisory
Brown Advisory
Maryland
$376M +$23.8M 17 1.22% Increased
192
PCM
Pennant Capital Management
New Jersey
$374M -$51.6M 3 7.43% Reduced
193
City National Bank
City National Bank
Delaware
$370M +$40.2M 15 3.05% Increased
194
Mairs & Power Inc
Mairs & Power Inc
Minnesota
$369M -$21.2M 5 5.23% Reduced
195
BHG
Blue Harbour Group
Connecticut
$368M -$44.8M 2 10.76% Reduced
196
Edge Asset Management
Edge Asset Management
Washington
$366M +$26.5M 8 3.31% Increased
197
BCPEM
Bain Capital Public Equity Management
Massachusetts
$364M +$70.3M 2 9.45% Increased
198
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$362M -$67.1M 14 2.75% Reduced
199
Sculptor Capital
Sculptor Capital
New York
$361M +$159M 1 1.05% Increased
200
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$357M +$6.47M 42 3.11% Increased