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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
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$419M -$14.6M 32 3% Reduced
177
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$413M -$15M 25 3.35% Reduced
178
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$411M -$23.9M 22 2.96% Reduced
179
Point72 Asset Management
Point72 Asset Management
Connecticut
$408M -$60.8M 14 1.82% Reduced
180
Comerica Bank
Comerica Bank
Texas
$404M -$11.7M 48 2.92% Reduced
181
Brandes Investment Partners
Brandes Investment Partners
California
$397M -$49.1M 1 8.06% Reduced
182
First Eagle Investment Management
First Eagle Investment Management
New York
$394M +$179M 8 0.88% Increased
183
CCMH
Cornerstone Capital Management Holdings
New York
$394M +$24.3M 28 3.09% Increased
184
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$392M -$40.6M 13 2.29% Reduced
185
OMERS Administration Corp
OMERS Administration Corp
Ontario, Canada
$391M +$116M 6 4.33% Increased
186
ACI
AMP Capital Investors
Australia
$390M +$16M 25 2.2% Increased
187
Balyasny Asset Management
Balyasny Asset Management
Illinois
$390M +$21.7M 23 1.53% Increased
188
British Columbia Investment Management
British Columbia Investment Management
British Columbia, Canada
$386M -$8.93M 12 2.98% Reduced
189
Numeric Investors
Numeric Investors
Massachusetts
$386M +$93.8M 23 2.97% Increased
190
Factory Mutual Insurance
Factory Mutual Insurance
Massachusetts
$383M +$10.8M 6 4.2% Increased
191
Cohen & Steers
Cohen & Steers
New York
$380M -$350K 6 1.04% Reduced
192
Natixis
Natixis
France
$370M +$237M 33 3.41% Increased
193
Jensen Investment Management
Jensen Investment Management
Oregon
$362M -$1.53M 1 4.89% Reduced
194
Baird Financial Group
Baird Financial Group
Wisconsin
$362M -$7.19M 19 2.73% Reduced
195
Brandywine Global Investment Management
Brandywine Global Investment Management
Pennsylvania
$357M -$182M 15 2.26% Reduced
196
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
$357M +$8.17M 18 1.15% Increased
197
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
$356M -$11.8M 10 1.7% Reduced
198
Martingale Asset Management
Martingale Asset Management
Massachusetts
$351M -$6.74M 24 4.7% Reduced
199
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$344M +$25.1M 11 2.07% Increased
200
Silvercrest Asset Management
Silvercrest Asset Management
New York
$343M +$9.12M 16 3.42% Increased