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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
Lazard Asset Management
Lazard Asset Management
New York
$940M -$252M 33 1.59% Reduced
177
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
$939M +$14.8M 33 3.05% Increased
178
Alkeon Capital Management
Alkeon Capital Management
New York
$938M +$178M 4 1.49% Increased
179
WorldQuant Millennium Advisors
WorldQuant Millennium Advisors
New York
$927M +$118M 18 3.59% Increased
180
Asset Management One
Asset Management One
Japan
$919M -$7.97M 24 2.56% Reduced
181
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$904M +$101M 50 3.32% Increased
182
Creative Planning
Creative Planning
Kansas
$889M +$89.2M 68 0.64% Increased
183
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$870M -$19M 22 1.24% Reduced
184
Snyder Capital Management
Snyder Capital Management
California
$866M -$78.4M 8 16.14% Reduced
185
Kestra Advisory Services
Kestra Advisory Services
Texas
$862M +$33.5M 65 3.55% Increased
186
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
$850M -$6.24M 55 2.65% Reduced
187
Capital Wealth Planning
Capital Wealth Planning
Florida
$842M -$374M 10 5.45% Reduced
188
STRS Ohio
STRS Ohio
Ohio
$838M -$84.9M 58 3.12% Reduced
189
PFA Pension Forsikringsaktieselskab
PFA Pension Forsikringsaktieselskab
$827M +$805M 8 2.35% New
190
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$826M +$7.37M 48 2.64% Increased
191
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$823M +$163M 35 2.28% Increased
192
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$818M +$99.1M 46 2.83% Increased
193
Nomura Asset Management
Nomura Asset Management
Japan
$812M +$73.7K 40 2.06% Increased
194
Acadian Asset Management
Acadian Asset Management
Massachusetts
$812M +$153M 43 1.33% Increased
195
WCM Investment Management
WCM Investment Management
California
$806M -$3.65M 11 1.66% Reduced
196
Unisphere Establishment
Unisphere Establishment
Liechtenstein
$805M -$171M 1 6.02% Reduced
197
Winslow Capital Management
Winslow Capital Management
Minnesota
$804M +$211M 3 2.7% Increased
198
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
$799M +$20.9M 53 1.83% Increased
199
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
$797M +$584M 22 2.63% Increased
200
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$797M +$15.9M 28 2.68% Increased