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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
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$390M +$55.7M 32 2.6% Increased
202
Commerzbank Aktiengesellschaft
Commerzbank Aktiengesellschaft
Germany
$389M +$8.17M 15 2.98% Increased
203
SAM
Scopus Asset Management
New York
$388M +$56.3M 7 12.63% Increased
204
State Farm Mutual Automobile Insurance
State Farm Mutual Automobile Insurance
Illinois
$384M $0 1 0.47% Maintained
205
M&T Bank
M&T Bank
New York
$384M -$195K 31 1.91% Reduced
206
Bessemer Group
Bessemer Group
New Jersey
$381M -$107M 28 1.36% Reduced
207
FP
FPR Partners
California
$377M +$58.1M 1 8.62% Increased
208
Holocene Advisors
Holocene Advisors
New York
$374M +$4.04M 21 3.85% Increased
209
Treasurer of the State of North Carolina
Treasurer of the State of North Carolina
North Carolina
$370M -$162M 28 3.35% Reduced
210
MSL
Mackay Shields LLC
New York
$368M +$45.6M 34 2.24% Increased
211
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
$367M +$2.03M 34 1.57% Increased
212
Vaughan Nelson Investment Management
Vaughan Nelson Investment Management
Texas
$367M -$29.7M 5 4.91% Reduced
213
MG
Meritage Group
California
$356M -$160M 1 6.66% Reduced
214
Silvercrest Asset Management
Silvercrest Asset Management
New York
$355M +$106M 20 2.92% Increased
215
General Atlantic
General Atlantic
New York
$352M $0 1 23.37% Maintained
216
Mondrian Investment Partners
Mondrian Investment Partners
United Kingdom
$352M -$4.39M 5 11.35% Reduced
217
Gateway Investment Advisers
Gateway Investment Advisers
Ohio
$349M -$18.7M 15 3.52% Reduced
218
Brandes Investment Partners
Brandes Investment Partners
California
$347M -$2.42M 2 8.97% Reduced
219
Nomura Asset Management
Nomura Asset Management
Japan
$343M +$15.6M 17 3.28% Increased
220
Martingale Asset Management
Martingale Asset Management
Massachusetts
$335M +$51.7M 23 3.42% Increased
221
KeyBank National Association
KeyBank National Association
Ohio
$334M -$12.7M 19 1.9% Reduced
222
Royal London Asset Management
Royal London Asset Management
United Kingdom
$331M +$62.2M 13 2.51% Increased
223
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$331M +$8.57M 25 3% Increased
224
Nisa Investment Advisors
Nisa Investment Advisors
Missouri
$330M -$1.26M 39 2.93% Reduced
225
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$329M -$1.64M 16 2.28% Reduced