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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
Cullen Capital Management
Cullen Capital Management
New York
$465M +$10.7M 7 4.28% Increased
177
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$462M +$113M 16 0.58% Increased
178
Royce & Associates
Royce & Associates
New York
$456M -$6.45M 33 3.87% Reduced
179
Clal Insurance
Clal Insurance
Israel
$454M +$11M 5 4.79% Increased
180
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
$454M -$287M 9 1.48% Reduced
181
Bahl & Gaynor
Bahl & Gaynor
Ohio
$448M -$104M 12 3.3% Reduced
182
AustralianSuper
AustralianSuper
Australia
$446M -$30.8M 6 2.42% Reduced
183
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
$444M +$14.9M 8 2.64% Increased
184
DVI
Deccan Value Investors
Connecticut
$442M -$70.5M 2 22.53% Reduced
185
DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale
Germany
$441M -$21.1M 21 1.08% Reduced
186
First Manhattan
First Manhattan
New York
$440M +$21.1M 24 1.44% Increased
187
Brandes Investment Partners
Brandes Investment Partners
California
$440M +$6.03M 8 9.43% Increased
188
VanEck Associates
VanEck Associates
New York
$437M -$175M 19 0.9% Reduced
189
National Bank of Canada
National Bank of Canada
Quebec, Canada
$436M -$49.3M 42 1.29% Reduced
190
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$435M +$16M 44 1.78% Increased
191
Frontier Capital Management
Frontier Capital Management
Massachusetts
$435M -$39.1M 6 3.94% Reduced
192
William Blair & Company
William Blair & Company
Illinois
$433M -$8.94M 32 1.52% Reduced
193
Homestead Advisers
Homestead Advisers
Virginia
$433M -$6.87M 8 10.59% Reduced
194
Osaic Holdings
Osaic Holdings
Arizona
$426M -$2.39M 83 0.83% Reduced
195
Treasurer of the State of North Carolina
Treasurer of the State of North Carolina
North Carolina
$420M +$2.59M 30 2.33% Increased
196
Calamos Advisors
Calamos Advisors
Illinois
$417M +$32.7M 9 1.56% Increased
197
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
$415M -$90.2M 22 2.79% Reduced
198
Royal London Asset Management
Royal London Asset Management
United Kingdom
$410M -$47.8M 17 1.6% Reduced
199
Brandywine Global Investment Management
Brandywine Global Investment Management
Pennsylvania
$407M -$16.3M 15 2.98% Reduced
200
Gabelli Funds
Gabelli Funds
New York
$405M +$2.38M 28 2.66% Increased