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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

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
176	AIG American International Group New York	$382M	-$197M	51	1.57%	Reduced
177	Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts	$381M	+$47.7M	9	3.04%	Increased
178	JP Morgan Private Wealth Advisors San Francisco, California	$377M	+$9.25M	21	2.29%	Increased
179	Mondrian Investment Partners London, United Kingdom	$376M	-$124M	5	13.8%	Reduced
180	Federated Hermes Pittsburgh, Pennsylvania	$357M	-$1.25M	40	0.97%	Reduced
181	FP FPR Partners San Francisco, California	$357M	$0	1	9.42%	Maintained
182	CIBC World Markets New York	$354M	+$24.9M	15	3.3%	Increased
183	Bessemer Group Woodbridge, New Jersey	$349M	+$23.9M	34	1.52%	Increased
184	APG Asset Management Amsterdam, Netherlands	$348M	-$861M	9	0.71%	Reduced
185	Ninety One (UK) London, United Kingdom	$348M	-$180M	4	1.5%	Reduced
186	Baird Financial Group Milwaukee, Wisconsin	$337M	+$49.7M	23	2.28%	Increased
187	ACI AMP Capital Investors Sydney, Australia	$336M	+$1.77M	21	2.13%	Increased
188	DekaBank Deutsche Girozentrale Frankfurt, Germany	$334M	+$42.4M	18	2.21%	Increased
189	SA SPO Advisory San Anselmo, California	$333M	-$48M	1	15.78%	Reduced
190	Gateway Investment Advisers Cincinnati, Ohio	$333M	+$6.98M	14	3.15%	Increased
191	Pictet Asset Management (UK) London, United Kingdom	$331M	-$63.8M	15	0.83%	Reduced
192	Fifth Third Bancorp Cincinnati, Ohio	$331M	-$11.1M	31	2.41%	Reduced
193	Gotham Asset Management New York	$329M	+$77M	25	5.11%	Increased
194	Nomura Asset Management Tokyo, Japan	$329M	+$11.3M	15	3.67%	Increased
195	State Farm Mutual Automobile Insurance Bloomington, Illinois	$326M	$0	1	0.46%	Maintained
196	LPL Financial San Diego, California	$325M	-$21.1M	35	0.86%	Reduced
197	Jensen Investment Management Lake Oswego, Oregon	$322M	-$1.42M	1	4.55%	Reduced
198	BCIM Black Creek Investment Management Toronto, Ontario, Canada	$321M	-$27.3M	2	11.61%	Reduced
199	Artemis Investment Management Edinburgh, United Kingdom	$319M	+$11.2M	4	4.16%	Increased
200	First Manhattan New York	$316M	-$11.8M	27	1.96%	Reduced