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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
Wedge Capital Management
Wedge Capital Management
North Carolina
$430M -$65.5M 16 4.13% Reduced
177
Select Equity Group
Select Equity Group
New York
$426M -$99.9M 4 3.49% Reduced
178
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$425M +$26.1M 13 2.6% Increased
179
VVP
Vulcan Value Partners
Alabama
$421M +$168M 3 3.39% Increased
180
TOGEPT
Trustees of General Electric Pension Trust
Connecticut
$418M $0 1 100% Maintained
181
Ninety One (UK)
Ninety One (UK)
United Kingdom
$416M +$23.5M 4 2.23% Increased
182
OMERS Administration Corp
OMERS Administration Corp
Ontario, Canada
$412M -$2.23M 11 4.01% Reduced
183
JP Morgan Private Wealth Advisors
JP Morgan Private Wealth Advisors
California
$407M +$3.06M 20 2.75% Increased
184
ACI
AMP Capital Investors
Australia
$406M -$5.51M 25 2.3% Reduced
185
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$402M -$4.12M 14 3.57% Reduced
186
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
$402M -$40.8M 19 0.85% Reduced
187
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$399M -$18.8M 41 2.68% Reduced
188
Jensen Investment Management
Jensen Investment Management
Oregon
$396M +$1.99M 1 5.17% Increased
189
Comerica Bank
Comerica Bank
Texas
$392M -$17.1M 47 2.8% Reduced
190
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$390M -$11.5M 14 2.36% Reduced
191
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
$385M +$17M 12 1.83% Increased
192
Martingale Asset Management
Martingale Asset Management
Massachusetts
$385M +$5.25M 22 4.94% Increased
193
LPL Financial
LPL Financial
California
$382M +$23.5M 33 1.05% Increased
194
KeyBank National Association
KeyBank National Association
Ohio
$382M -$19.6M 19 2.25% Reduced
195
SEI Investments
SEI Investments
Pennsylvania
$380M -$195M 47 1.46% Reduced
196
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$378M -$13.9M 34 2.57% Reduced
197
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
$378M +$11.1M 4 2.82% Increased
198
British Columbia Investment Management
British Columbia Investment Management
British Columbia, Canada
$375M -$33.1M 13 2.86% Reduced
199
Westfield Capital Management
Westfield Capital Management
Massachusetts
$371M +$57.4M 7 2.86% Increased
200
Vaughan Nelson Investment Management
Vaughan Nelson Investment Management
Texas
$369M +$34.9M 7 4.51% Increased