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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
Prudential plc
Prudential plc
United Kingdom
$336M -$143M 13 1.79% Reduced
177
LPL Financial
LPL Financial
California
$336M +$30.4M 35 0.72% Increased
178
Carillon Tower Advisers
Carillon Tower Advisers
Florida
$327M -$59M 13 3.21% Reduced
179
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$325M +$1.38M 33 2.32% Increased
180
AP
Altarock Partners
Florida
$323M +$232M 1 20.54% Increased
181
Causeway Capital Management
Causeway Capital Management
California
$321M +$3.37M 2 5.14% Increased
182
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$319M +$3.52M 12 2.76% Increased
183
First Manhattan
First Manhattan
New York
$314M +$16.4M 26 2.04% Increased
184
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$313M +$84.5M 21 2.61% Increased
185
AIG
American International Group
New York
$312M -$35.4M 54 1.71% Reduced
186
TimesSquare Capital Management
TimesSquare Capital Management
New York
$307M -$192M 7 3.66% Reduced
187
Raymond James Financial Services Advisors
Raymond James Financial Services Advisors
Florida
$306M +$17M 29 1.34% Increased
188
Ninety One (UK)
Ninety One (UK)
United Kingdom
$305M -$5.83M 3 1.28% Reduced
189
Treasurer of the State of North Carolina
Treasurer of the State of North Carolina
North Carolina
$304M +$58.9M 28 2.7% Increased
190
BP
Berkshire Partners
Massachusetts
$291M +$277M 1 53.03% Increased
191
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$289M $0 1 0.46% Maintained
192
Royce & Associates
Royce & Associates
New York
$286M +$17.8M 37 3.89% Increased
193
AKO Capital
AKO Capital
United Kingdom
$281M +$153M 1 5.93% Increased
194
Silvercrest Asset Management
Silvercrest Asset Management
New York
$281M -$40.5M 18 3.01% Reduced
195
Panagora Asset Management
Panagora Asset Management
Massachusetts
$279M -$34.8M 43 1.97% Reduced
196
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale
Germany
$279M +$19M 25 2.14% Increased
197
MCMC
Matrix Capital Management Company
New Hampshire
$276M +$134M 1 7.07% Increased
198
Farallon Capital Management
Farallon Capital Management
California
$276M +$183M 1 2.37% Increased
199
Nomura Asset Management
Nomura Asset Management
Japan
$273M +$24.8M 18 2.83% Increased
200
London Company of Virginia
London Company of Virginia
Virginia
$266M +$11.5M 4 2.54% Increased