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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
Alkeon Capital Management
Alkeon Capital Management
New York
$759M +$157M 3 1.12% Increased
202
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$756M +$67.9M 26 2.77% Increased
203
Kestra Advisory Services
Kestra Advisory Services
Texas
$751M +$41.9M 42 3.43% Increased
204
Stephens Investment Management Group
Stephens Investment Management Group
Texas
$748M -$61.7M 11 9.7% Reduced
205
Zurich Cantonal Bank
Zurich Cantonal Bank
Switzerland
$743M +$13.2M 56 1.71% Increased
206
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
$737M +$23M 45 2.71% Increased
207
Pacer Advisors
Pacer Advisors
Pennsylvania
$734M +$234M 36 1.85% Increased
208
EQF
Evergreen Quality Fund
Cayman Islands
$733M $0 1 16.27% Maintained
209
Select Equity Group
Select Equity Group
New York
$719M -$57.4M 8 2.96% Reduced
210
Comerica Bank
Comerica Bank
Texas
$717M -$1.38M 61 2.7% Reduced
211
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
$706M +$8.99M 51 2.26% Increased
212
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
$705M +$16M 54 2.83% Increased
213
Point72 Asset Management
Point72 Asset Management
Connecticut
$701M -$393M 25 1.17% Reduced
214
KeyBank National Association
KeyBank National Association
Ohio
$699M -$10.2M 29 2.46% Reduced
215
Stockbridge Partners
Stockbridge Partners
Massachusetts
$692M -$10.5M 1 13.39% Reduced
216
ING Group
ING Group
Netherlands
$679M +$103M 20 3.67% Increased
217
London Company of Virginia
London Company of Virginia
Virginia
$678M -$22.4M 3 3.74% Reduced
218
State of Michigan Retirement System
State of Michigan Retirement System
Michigan
$675M -$4.92M 32 3.24% Reduced
219
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
$663M +$74.2M 33 2.08% Increased
220
Hood River Capital Management
Hood River Capital Management
Florida
$663M +$49.4M 10 7.83% Increased
221
Heard Capital LLC
Heard Capital LLC
Illinois
$658M +$57.4M 4 31.93% Increased
222
Acadian Asset Management
Acadian Asset Management
Massachusetts
$656M +$169M 40 1.15% Increased
223
Rafferty Asset Management
Rafferty Asset Management
New York
$656M +$71.7M 33 2.13% Increased
224
Clal Insurance
Clal Insurance
Israel
$655M -$18.7M 9 5% Reduced
225
Gabelli Funds
Gabelli Funds
New York
$651M -$25.5M 40 4.41% Reduced