Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
40
Top-10 weight
62.97%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
19
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
289.3
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | THALES SA | — | 30,168 | $8.76M | 10.54% |
| 2 | BAE SYSTEMS PLC | — | 288,863 | $8.38M | 10.08% |
| 3 | RHEINMETALL AG | — | 4,959 | $8.25M | 9.93% |
| 4 | LEONARDO SPA | — | 67,957 | $4.54M | 5.47% |
| 5 | SAAB AB-B | — | 67,759 | $4.39M | 5.28% |
| 6 | KONGSBERG GRUPP | — | 96,014 | $4.07M | 4.89% |
| 7 | HENSOLDT AG | — | 44,357 | $3.86M | 4.65% |
| 8 | Airbus SE | — | 20,504 | $3.80M | 4.57% |
| 9 | DASSAULT AVIATION SA | — | 10,117 | $3.72M | 4.48% |
| 10 | SAFRAN SA | — | 11,439 | $3.68M | 4.43% |
| 11 | ROLLS-ROYCE HOLDINGS PLC | — | 236,993 | $3.54M | 4.26% |
| 12 | BABCOCK INTL GRP | — | 190,486 | $2.91M | 3.50% |
| 13 | INDRA SISTEMAS | — | 48,536 | $2.64M | 3.18% |
| 14 | TKMS AG& CO KGAA | — | 26,933 | $2.44M | 2.93% |
| 15 | RENK GROUP AG | — | 41,752 | $2.44M | 2.93% |
| 16 | MELROSE INDUSTRI | — | 359,204 | $2.38M | 2.86% |
| 17 | DREY INST PREF GOV MM-M | DSVXX | 1,779,292 | $1.78M | 2.14% |
| 18 | CSG NV | — | 61,179 | $1.65M | 1.98% |
| 19 | FINCANTIERI SPA | — | 88,957 | $1.34M | 1.61% |
| 20 | EXOSENS SAS | — | 18,432 | $1.30M | 1.56% |
| 21 | QINETIQ GROUP PLC COMMON STOCK | QQ/ | 203,934 | $1.22M | 1.47% |
| 22 | THEON INTERNATIO | — | 30,590 | $1.09M | 1.31% |
| 23 | EXAIL TECHNOLOGI | — | 6,651 | $911.93K | 1.10% |
| 24 | SERCO GROUP | — | 240,285 | $903.06K | 1.09% |
| 25 | CHEMRING GROUP | — | 101,813 | $682.04K | 0.82% |
| 26 | INVISIO AB | — | 18,598 | $506.62K | 0.61% |
| 27 | BITTIUM OYJ COMMON STOCK | BITTI | 11,897 | $500.33K | 0.60% |
| 28 | COLT CZ GROUP SE | — | 11,184 | $474.19K | 0.57% |
| 29 | EUTELSAT COMMUNI | — | 150,790 | $355.30K | 0.43% |
| 30 | SES | — | 43,275 | $304.90K | 0.37% |
| 31 | KITRON ASA COMMON STOCK NOK.1 | KIT NO | 28,947 | $277.85K | 0.33% |
| 32 | MILDEF GROUP AB | MILDEF | 19,109 | $277.62K | 0.33% |
| 33 | COHORT PLC COMMON STOCK | CHRT | 16,871 | $270.09K | 0.32% |
| 34 | AVIO SPA | AVIO | 6,645 | $253.43K | 0.30% |
| 35 | AVON TECHNOLOGIES PLC | AVON | 11,320 | $247.50K | 0.30% |
| 36 | OVZON AB | OVZON | 41,663 | $236.17K | 0.28% |
| 37 | SENIOR PLC | SNR | 58,256 | $219.71K | 0.26% |
| 38 | GOODWIN PLC | — | 966 | $142.67K | 0.17% |
| 39 | CICOR TECHNOLOGIES-REG COMMON STOCK | CICN | 769 | $111.97K | 0.13% |
| 40 | DREYFUS TRSY OBLIG CASH M | — | 44,441 | $44.44K | 0.05% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.