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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
201
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
$342M +$4.05M 25 2.05% Increased
202
PointState Capital
PointState Capital
New York
$342M +$194M 5 2.91% Increased
203
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
$336M -$495K 15 2.94% Reduced
204
TCW Group
TCW Group
California
$336M +$5.93M 3 2.67% Increased
205
VVP
Vulcan Value Partners
Alabama
$334M -$337M 3 2.86% Reduced
206
Alyeska Investment Group
Alyeska Investment Group
Illinois
$332M +$38.8M 7 2.48% Increased
207
Nisa Investment Advisors
Nisa Investment Advisors
Missouri
$331M +$5.24M 37 3.73% Increased
208
I.G. Investment Management
I.G. Investment Management
Manitoba, Canada
$328M +$135M 10 1.68% Increased
209
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
$326M +$7.06M 17 2.03% Increased
210
LPL Financial
LPL Financial
California
$325M -$12.1M 28 1.15% Reduced
211
CIBC World Markets
CIBC World Markets
New York
$321M -$76.6M 14 3.08% Reduced
212
O'Shaughnessy Asset Management
O'Shaughnessy Asset Management
Connecticut
$318M -$35.8M 28 7.39% Reduced
213
Jarislowsky, Fraser Ltd
Jarislowsky, Fraser Ltd
Quebec, Canada
$316M +$617K 6 1.9% Increased
214
Amundi Asset Management US
Amundi Asset Management US
Massachusetts
$315M -$10.2K 8 1% Reduced
215
CI Global Investments
CI Global Investments
California
$314M -$47.9M 5 5.56% Reduced
216
Santa Barbara Asset Management
Santa Barbara Asset Management
California
$310M +$1.83M 2 4.94% Increased
217
NSCM
New South Capital Management
Tennessee
$310M -$11.2M 2 7.39% Reduced
218
HighTower Advisors
HighTower Advisors
Illinois
$299M -$42.8M 24 2.55% Reduced
219
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
$296M -$793K 11 1.6% Reduced
220
Rothschild & Co Asset Management US
Rothschild & Co Asset Management US
Connecticut
$294M +$12.6M 8 3.24% Increased
221
Calamos Advisors
Calamos Advisors
Illinois
$294M -$54.4M 11 2.27% Reduced
222
Ninety One (UK)
Ninety One (UK)
United Kingdom
$291M +$53.5M 3 1.28% Increased
223
Acadian Asset Management
Acadian Asset Management
Massachusetts
$284M -$122M 31 1.26% Reduced
224
TPSF
Texas Permanent School Fund
Texas
$284M -$4.17M 40 3.64% Reduced
225
Arizona State Retirement System
Arizona State Retirement System
Arizona
$282M +$18.2M 40 3.37% Increased