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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	Homestead Advisers Arlington, Virginia	$442M	+$49.6M	6	10.9%	Increased
202	Eagle Asset Management St Petersburg, Florida	$437M	-$105M	17	2.35%	Reduced
203	Haverford Trust Company Radnor, Pennsylvania	$435M	+$3.81M	11	4.58%	Increased
204	M&T Bank Buffalo, New York	$430M	-$4.24M	35	1.47%	Reduced
205	Cetera Investment Advisers Schaumburg, Illinois	$427M	-$16.1M	47	0.98%	Reduced
206	Royce & Associates New York	$425M	-$11.6M	31	3.98%	Reduced
207	Glenmede Trust Philadelphia, Pennsylvania	$424M	-$12.7M	29	2.15%	Reduced
208	WorldQuant Millennium Advisors New York	$421M	+$205M	11	3.84%	Increased
209	Aberdeen Group Edinburgh, United Kingdom	$421M	-$89.6M	20	0.81%	Reduced
210	Manning & Napier Advisors Fairport, New York	$418M	+$412M	7	4.72%	New
211	CF Corebridge Financial Houston, Texas	$417M	+$416M	65	2.29%	New
212	Cullen Capital Management New York	$417M	-$81.9M	5	4.8%	Reduced
213	Squarepoint New York	$416M	+$25.8M	55	0.69%	Increased
214	Los Angeles Capital Management Los Angeles, California	$416M	-$21.1M	28	1.49%	Reduced
215	Nikko Asset Management Americas New York	$414M	-$17.6M	11	4.78%	Reduced
216	Jarislowsky, Fraser Ltd Montreal, Quebec, Canada	$413M	+$2.19M	2	2.51%	Increased
217	Brandywine Global Investment Management Philadelphia, Pennsylvania	$413M	-$19.7M	16	3.09%	Reduced
218	VVP Vulcan Value Partners Birmingham, Alabama	$412M	-$167M	2	5.84%	Reduced
219	Silvercrest Asset Management New York	$409M	-$16.8M	25	2.81%	Reduced
220	Robeco Institutional Asset Management Rotterdam, Netherlands	$406M	-$10.4M	19	0.87%	Reduced
221	Driehaus Capital Management Chicago, Illinois	$405M	+$86.3M	15	3.92%	Increased
222	BAMCO Inc New York	$404M	+$3.12M	7	1.16%	Increased
223	State of Michigan Retirement System Lansing, Michigan	$401M	-$14.2M	28	2.06%	Reduced
224	Capital Wealth Planning Naples, Florida	$396M	+$370M	4	4.15%	Increased
225	Skye Global Management West Palm Beach, Florida	$395M	-$51M	4	8.95%	Reduced