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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
KeyBank National Association
KeyBank National Association
Ohio
$663M -$18.6M 26 2.47% Reduced
202
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$660M +$112M 18 1.28% Increased
203
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
$658M +$37.3M 48 2.54% Increased
204
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
$655M -$15.9M 45 2.34% Reduced
205
Zurich Cantonal Bank
Zurich Cantonal Bank
Switzerland
$653M +$47.4M 54 1.6% Increased
206
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
$653M +$77.2M 23 0.97% Increased
207
HRT Financial
HRT Financial
New York
$651M +$183M 52 2.87% Increased
208
Quantinno Capital Management
Quantinno Capital Management
New York
$647M +$172M 52 2.79% Increased
209
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$645M +$18.5M 48 2.23% Increased
210
Comerica Bank
Comerica Bank
Texas
$644M -$4.14M 60 2.5% Reduced
211
Kestra Advisory Services
Kestra Advisory Services
Texas
$642M +$8.08M 38 3.13% Increased
212
DF Dent & Co
DF Dent & Co
Maryland
$640M +$10.1M 6 8.13% Increased
213
Gabelli Funds
Gabelli Funds
New York
$638M +$6.49M 38 4.53% Increased
214
Jarislowsky, Fraser Ltd
Jarislowsky, Fraser Ltd
Quebec, Canada
$636M -$36.4M 2 3.64% Reduced
215
Capital Group Private Client Services
Capital Group Private Client Services
California
$634M +$6.99M 7 5.49% Increased
216
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$631M +$955K 46 2.44% Increased
217
EQF
Evergreen Quality Fund
Cayman Islands
$627M +$160M 1 19.39% Increased
218
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$614M +$1.03M 30 3.18% Increased
219
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$611M +$14.5M 29 2.61% Increased
220
Westwood Holdings Group
Westwood Holdings Group
Texas
$608M -$169M 12 4.38% Reduced
221
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$602M -$91.2M 55 2.53% Reduced
222
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
$602M +$20M 50 1.34% Increased
223
AL
AIP LLC
New York
$591M -$95.1M 1 82.83% Reduced
224
Creative Planning
Creative Planning
Kansas
$589M +$38.3M 65 0.5% Increased
225
Nisa Investment Advisors
Nisa Investment Advisors
Missouri
$588M +$62.8M 65 2.65% Increased