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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
201	Mondrian Investment Partners London, United Kingdom	$403M	+$14.5M	5	10.58%	Increased
202	Brandes Investment Partners La Jolla, California	$401M	+$11.8M	2	9.53%	Increased
203	Ceredex Value Advisors Orlando, Florida	$398M	-$35.5M	6	4.59%	Reduced
204	Egerton Capital (UK) London, United Kingdom	$396M	-$30.8M	1	2.84%	Reduced
205	Marshall Wace Asia Central, Hong Kong	$394M	+$176M	4	9.75%	Increased
206	Silvercrest Asset Management New York	$391M	+$30.8M	22	3.04%	Increased
207	Causeway Capital Management Los Angeles, California	$391M	+$170M	2	4.19%	Increased
208	AL AJO LP Philadelphia, Pennsylvania	$390M	-$53.1M	11	2.31%	Reduced
209	Axa Paris, France	$387M	-$32.6M	26	1.57%	Reduced
210	M&T Bank Buffalo, New York	$384M	-$1.11M	32	1.81%	Reduced
211	Martingale Asset Management Boston, Massachusetts	$379M	+$31.9M	24	3.88%	Increased
212	Treasurer of the State of North Carolina Raleigh, North Carolina	$377M	+$3.69M	28	3.12%	Increased
213	First Pacific Advisors El Segundo, California	$376M	-$60.7M	8	3.58%	Reduced
214	Commonwealth Equity Services Waltham, Massachusetts	$371M	+$10.8M	34	1.41%	Increased
215	Assenagon Asset Management Senningerberg, Luxembourg	$371M	+$225M	10	2.33%	Increased
216	Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts	$364M	+$13.9M	17	2.43%	Increased
217	KeyBank National Association Cleveland, Ohio	$361M	+$5.35M	19	1.94%	Increased
218	DekaBank Deutsche Girozentrale Frankfurt, Germany	$358M	-$77.2M	26	2.19%	Reduced
219	Squarepoint New York	$355M	+$111M	45	2.11%	Increased
220	MSL Mackay Shields LLC New York	$353M	-$21.7M	29	2.43%	Reduced
221	General Atlantic New York	$351M	$0	1	9.42%	Maintained
222	Gateway Investment Advisers Cincinnati, Ohio	$349M	-$12.1M	15	3.45%	Reduced
223	Royal London Asset Management United Kingdom	$349M	+$13.6M	15	2.41%	Increased
224	MCMC Matrix Capital Management Company Portsmouth, New Hampshire	$346M	$0	1	7.36%	Maintained
225	TOGEPT Trustees of General Electric Pension Trust Norwalk, Connecticut	$346M	$0	1	100%	Maintained