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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	ING Group Amsterdam, Netherlands	$639M	+$390M	20	4.31%	Increased
177	DekaBank Deutsche Girozentrale Frankfurt, Germany	$632M	$0	21	1.17%	Maintained
178	Treasurer of the State of North Carolina Raleigh, North Carolina	$628M	+$11.7M	33	2.45%	Increased
179	Ohio Public Employees Retirement System (OPERS) Columbus, Ohio	$621M	+$31.5M	53	2.13%	Increased
180	Aviva London, United Kingdom	$613M	-$66.4M	19	1.59%	Reduced
181	Westwood Holdings Group Dallas, Texas	$613M	-$108M	14	4.71%	Reduced
182	Robeco Institutional Asset Management Rotterdam, Netherlands	$608M	+$75.1M	22	1.15%	Increased
183	Jarislowsky, Fraser Ltd Montreal, Quebec, Canada	$607M	+$35.9M	3	3.55%	Increased
184	Panagora Asset Management Boston, Massachusetts	$600M	-$186M	28	2.77%	Reduced
185	Asset Management One Tokyo, Japan	$596M	+$9.83M	23	2.05%	Increased
186	Holocene Advisors New York	$581M	+$103M	11	1.86%	Increased
187	KeyBank National Association Cleveland, Ohio	$578M	-$8.24M	23	2.22%	Reduced
188	Driehaus Capital Management Chicago, Illinois	$576M	-$8.24M	16	4.75%	Reduced
189	Royal London Asset Management United Kingdom	$568M	-$3.66M	15	1.38%	Reduced
190	Los Angeles Capital Management Los Angeles, California	$568M	+$17.7M	25	2.31%	Increased
191	Kestra Advisory Services Austin, Texas	$567M	-$24.8M	34	3.1%	Reduced
192	Nomura Asset Management Tokyo, Japan	$548M	+$1.09M	36	1.65%	Increased
193	CIBC World Markets New York	$548M	+$317M	31	3.21%	Increased
194	Comerica Bank Dallas, Texas	$545M	-$12.4M	58	2.2%	Reduced
195	WorldQuant Millennium Advisors New York	$543M	+$57M	12	3.52%	Increased
196	Focus Partners Wealth Boston, Massachusetts	$543M	+$148M	35	1.41%	Increased
197	State of Tennessee, Department of Treasury Nashville, Tennessee	$542M	-$11.1M	43	1.97%	Reduced
198	State of New Jersey Common Pension Fund D Trenton, New Jersey	$538M	+$8.98M	43	2.17%	Increased
199	Alphinity Investment Management Sydney, Australia	$538M	+$29.9M	1	2.92%	Increased
200	Universal-Beteiligungs- und Servicegesellschaft Frankfurt Am Main, Germany	$538M	+$548M	27	1.06%	New