Defense

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Letters With This Theme

Quarter Letter Date Fund Name Letter Theme Tickers Keyword
2025 Q4 Dec 31, 2025 View AI, Defense, Semiconductors, Quality, GLP1 7741.T, AAPL, AMZN, AVGO, BHP.AX, BRO, CPRT, GOOGL, HEIA.L, ITW, JPM, LLOY.L, LLY, LW, META, MSFT, MU, NVDA, RACE, V AI, defense, Global Equity, healthcare, Quality, semiconductors, technology, Valuations
2025 Q4 Jan 21, 2026 View Defense, Natural Gas, Community Banks ENDI, MCBS, SLBK, SODI, SPY Community Banks, defense, Expert Market, Microcap, Natural Gas, OTC, value
2025 Q4 Jan 15, 2026 View AI, Cloud, Defense, Biotechnology ACAD, AIR, FSV, GKOS, KTOS, NTRA AI, Biotechnology, defense, growth, healthcare, industrials, small cap, technology
2025 Q4 Jan 27, 2026
Diamond Hill International
Krishna Mohanraj
 View Defense, Semiconductors, Banking 000660.KS, 005930.KS, BABA, EXO.MI, ICON, NWG.L AI, Asia, Banking, defense, Europe, international, semiconductors, value
2025 Q4 Jan 21, 2026 View AI, Defense, Semiconductors, Energy Transition, Grid Upgrade AMD, AMSC, ATZ.TO, AXS, CACI, CCK, DLTR, FCNCA, HNST, LASR, MIR, NVST, PENG, TCBI AI, contrarian, defense, energy, semiconductors, small cap, turnaround, value
2025 Q4 Feb 11, 2026 View Value, Defense, Pharmaceuticals 005930.KS, BRK-A, CNHI, CVS.L, DHLG.DE, ENVB, FDX, GOOGL, HEIA.AS, IONS, JNJ, NESN.SW, NVST.SW, PRU.L, RMS.PA, ROG.SW, SAF.PA, TTE, U11.SI, WFC defense, global, healthcare, industrials, international, Pharmaceuticals, technology, value
2025 Q4 Jan 16, 2026 View Defense, Construction, United Kingdom BBY.L, BWY.L, CHG.L, CVSG.L, DOM.L, MTO.L, OSB.L, QQ.L Construction, defense, Government Policy, small caps, Uk, Valuations
2025 Q4 Jan 30, 2026
Sequoia Fund
Arman Gokgol-Kline
 View AI, Defense, Managed Care, Music, Workplace Safety ACN, AHT.L, ALGN, COF, CSU.TO, ELV, ERF.PA, GOOGL, ICE, JEC, META, MSA, RR.L, SCHW, TSM, UMG.AS, UNH AI, Concentration, defense, healthcare, long-term, Quality, technology, value
2025 Q4 Jan 13, 2026
Laughing Water Capital
Matthew Sweeney
 View Defense, Small Caps, Waste Management, Technology LFCR, LQDA, NN, PAR, SES.TO, THRY, UTHR, VTY.L, WCN Biotechnology, contrarian, defense, Factor Investing, small caps, value
2025 Q4 Jan 22, 2026 View AI, Space, Defense, Energy Transition, Robotics, Cybersecurity AMZN, APP, AVGO, CVNA, DASH, GOOGL, ICE, META, MSFT, NFLX, NU, NVDA, RARE, RBLX, SE, SHOP.TO, SPOT, SQ, TSM, V AI, defense, energy, growth, infrastructure, Robotics, Space, technology
2025 Q4 Feb 25, 2026 View AI, Defense, Data Centers, Biotechnology BBIO, CELH, CRDO, CRS, FIX, GH, KTOS, LRN, MDGL, MOD, RDDT, RKLB, WGS AI, growth, Health Care, industrials, innovation, small caps, technology
2025 Q4 Jan 21, 2026 View AI, Defense, Semiconductors, Biotechnology BRKR, CLBT, COCO, FLEX, GH, GWRE, HXL, INSM, IRTC, ITGR, LASR, LSCC, MOD, MTSI, PCOR, PEN, PSN, SN, STVN, VSEC AI, Biotechnology, defense, growth, healthcare, profit cycles, small cap, technology
2025 Q4 Feb 8, 2026 View Defense, Dividends - Allocation, credit, dividends, duration, equities, income
2025 Q4 Jan 20, 2026
Pernas Research
Deiya Pernas
 View AI, Defense, Small Caps ADBE, APLD, CARD.L, CELH, META, NKE, PSFE, SEMR, STX AI, defense, Mean reversion, small caps, technology, value
2025 Q4 Jan 27, 2026 View AI, Defense, Data Centers CHKP, CIEN, CIVI, CUBE, GIS, HII, LEA, POST, VRSN, WCC, WIX, WLK, ZTS AI, defense, healthcare, industrials, materials, mid cap, technology, value
2025 Q4 Jan 22, 2026 View AI, Defense, Semiconductors, GLP1, Diagnostics 000660.KS, 005930.KS, 2327.TW, 4544.T, CGNX, CHG.L, FN, LITE, LLY, PTC AI, defense, global, innovation, Pharmaceuticals, Photonics, semiconductors, technology
2025 Q4 Feb 11, 2026 View Value, Defense, Dividends, Pharmaceuticals 005930.KS, BAE.L, CNHI, DHL.DE, GOOGL, IONS, J36.SI, KEMIRA.HE, MEGACPO.MX, NESN.SW, NOVN.SW, RB.PA, RHM.DE, ROG.SW, SAF.PA, TFC, TTE, U11.SI, USB, ZURN.SW defense, dividends, global, industrials, Pharmaceuticals, value
2025 Q4 Jan 18, 2026 View AI, Defense, Quality, Biotechnology AAON, AZTA, BCPC, BLFS, BMI, BSY, BWMN, COCO, CPRT, CSGP, CSW, CWAN, CWST, CYX, DGII, DSGX, ELVA, ESE, FSV, GNRC, GWRE, HEI.A, IDXX, IIIV, IRMD, IT, JKHY, KRMN, LMAT, MAMA, MEG, MLAB, MMSI, NGEN, NOVT, ODD, OLO, PHR, PL, PLMR, POOL, QTWO, RBC, RGEN, ROAD, ROL, ROP, SPSC, SSTI, STVN, TKNO, TREX, TRNS, TYL, UTI, VCEL, VEEV, VERX, VRSK, WCN, WLDN, WSO, WST AI, Biotech, defense, healthcare, industrials, mid cap, Quality, technology
2025 Q4 Feb 3, 2026 View AI, Healthcare, Defense, Semiconductors, Data Centers ABT, AFRM, BOOT, BRBR, BROS, BURL, BWXT, CASY, CHDN, COCO, CRDO, CW, DKNG, DT, ELF, EME, EXAS, FOUR, GKOS, KTB, LII, MASI, MNDY, MTSI, PEN, PODD, RGEN, RKLB, TARS, TWLO, ULS, VERX, WAY, WSO AI, defense, growth, healthcare, mid cap, semiconductors, small cap, technology
2025 Q4 Jan 14, 2026
Apis Flagship Fund
Daniel Barker
 View Defense, Mining, Memory, Materials 012450.KS, 086280.KS, 103140.KS, AI, CELC, GTX, QURE Asia, defense, global, healthcare, Memory, Mining, small caps, technology
2025 Q4 Jan 22, 2026 View AI, Space, Defense, Semiconductors, Energy Transition, Robotics, Cybersecurity AMZN, APP, ASML, AVGO, AXON, CPNG, CVNA, DASH, DDOG, DUOL, GOOGL, IOT, MELI, META, MSFT, NFLX, NOW, NU, NVDA, PANW, PLTR, RBLX, SE, SHOP.TO, SPOT, SQ, TEAM, TSM, V AI, defense, global, growth, innovation, Robotics, semiconductors, technology
2025 Q4 Mar 1, 2026 View AI, Biotech, Defense AAP, AMKR, APPF, MANH, NVDA, PRM, RBC, UAMY AI, Biotech, defense, growth, healthcare, Quality, small caps, technology
2025 Q4 Jan 21, 2026 View AI, Defense, Cybersecurity, Trade Policy APH, COR, CRS, CYBR, EME, HUBS, IBKR, LNG, ORLY, PANW, PFGC, TPG, VEEV, VRSK defense, energy, financials, growth, healthcare, industrials, mid cap, technology
2025 Q4 Feb 11, 2026 View AI, Gold, Defense, Onshoring META AI, credit, Event Driven, Geopolitical Risk, Global Macro, gold, Long/Short, Multi-Strategy
2025 Q4 Jan 19, 2026
Artisan Mid Cap Fund
Matthew Kamm
 View AI, Defense, Data Centers, Biotechnology ALAB, APG, ARGX, ASND, BKR, COHR, CVNA, DASH, INSM, LHX, MACOM, MDB, RBC, RBLX, SHOP, SPOT, TTAN, VEEV, WAT, WST AI, Biotechnology, defense, growth, healthcare, industrials, mid cap, technology
2025 Q4 Jan 27, 2026 View AI, Defense, Real Estate, Data Centers AMH, ARE, BAH, CCS, CIEN, CUBE, GIS, GTES, HII, HLIO, IAC, LEA, PRGO, SBAC, UDR, WCC, WIX, WLK, WNS defense, healthcare, industrials, mid cap, real estate, small cap, technology, value
2025 Q4 Jan 22, 2026 View AI, Defense, Semiconductors, Energy Transition, Robotics, E-commerce 000660.KS, 005930.KS, 0700.HK, 1211.HK, 122870.KS, 1299.HK, 1810.HK, 2269.HK, 2454.TW, 300750.SZ, 3690.HK, 4966.TW, 500570.BO, 532978.BO, APHS.NS, ASML, BABA, BBCA.JK, CPNG, DIDI, DNP.WA, FPT.VN, FTA, GLOB, GRAB, HDB, HDFCLIFE.NS, HTHT, ICT.PS, KSPI.L, MELI, NU, PHNX.NS, RADL3.SA, SE, TSM, WEGE3.SA, WMMVY AI, China, E-Commerce, emerging markets, growth, Memory Chips, semiconductors, technology
2025 Q4 Feb 18, 2026 View Gold, Defense, International 4617.T, 7012.T, AGI, CHG.L, EGO, EURN, GENI, MOLHF, PRU.AX, SFM.SW, TAMP.MI, WGX.AX defense, Europe, gold, international, Japan, small caps
2025 Q4 Jan 18, 2026 View Defense, Quality, Small Caps, Technology AAON, AZTA, BCPC, BLFS, BMI, BSY, BWMN, COCO, CPRT, CSGP, CSW, CWAN, CWST, CYX, DGII, DSGX, ELVA, ESE, FSV, GNRC, GWRE, HEI.A, IDXX, IIIV, IRMD, IT, JKHY, KRMN, LMAT, MAMA, MEG, MLAB, MMSI, NGEN, NOVT, ODD, OLO, PHR, PL, PLMR, POOL, QTWO, RBC, RGEN, ROAD, ROL, ROP, SPSC, SSTI, STVN, TKNO, TREX, TRNS, TYL, UTI, VCEL, VEEV, VERX, VRSK, WCN, WLDN, WSO, WST Biotechnology, defense, growth, industrials, Quality, small caps, technology
2025 Q4 Feb 3, 2026 View Healthcare, Value, Defense, Contract Manufacturing C, COF, FLEX, GM, HII, LUV, MSFT, PVH, PYPL, REGN, TEVA, TMO, TXN, WBD defense, earnings, healthcare, Manufacturing, Transformation, undervalued, value
2025 Q4 Jan 13, 2026 View AI, Value, Defense, Small Caps, Infrastructure Spending AAD.DE, BNTX, COST.L, DWNI.DE, EVS.BR, LSS.PA, PDX.ST, RNK.DE, SFQ.DE, SIKA.SW, STB.L, STO.DE, THEP.PA, TRI.PA, ULP.L, VETQ.PA, VOW3.DE AI, defense, Europe, infrastructure, Long/Short, Quality, small caps, value
2025 Q4 Jan 23, 2026 View Defense, Inflation, Medical Devices BYND, CRDO, DXCM, KRKNF, NSLO, SNWV, SYK defense, growth, healthcare, inflation, Long/Short, Medical Devices, small cap, technology
2025 Q4 Jan 21, 2026 View AI, Defense, Gaming, Cybersecurity, Infrastructure Spending, Biotechnology ALL, AME, ARGX, AXON, CASY, COR, CRS, CSL, DASH, EME, HOOD, INSM, ORLY, PINS, POOL, RGEN, ROST, TPG, TTWO, VEEV AI, consumer, financials, growth, healthcare, industrials, mid cap, technology
2025 Q4 Feb 11, 2026 View Value, Defense, Pharmaceuticals 005930.KS, 6869.T, 7958.T, BA.L, BRK-B, CNHI, CVSG.L, DGE.L, GOOGL, IONS, JNJ, JSG.L, NESN.SW, NOVN.SW, ROG.SW, RWM.DE, SAF.PA, SW.PA, TTE, WFC defense, Europe, Hedging, international, Japan, Pharmaceuticals, value
2025 Q4 Jan 18, 2026 View AI, Crypto, Gold, Defense, Semiconductors, Energy Transition ADBE, AEM, AMD, AU, BKR, CAT, COIN, DIS, GLEN.L, GOOGL, IBKR, LLY, LMT, MELI, MOS, MU, NFLX, ORCL, PHG, RELX, SE AI, commodities, defense, emerging markets, Geopolitical, global, infrastructure, technology
2025 Q4 Jan 27, 2026 View AI, Defense, Data Centers, Technology ARGX, ASND.CO, BAB.L, BKR, BLD, CCC, COH, DUOL, FROG, FWONA, INSM, IRTC, LABS, LYV, MOD, MPWR, MTSI, PEN, PSTG, RBC, SAIL, SE, SPOT, TTAN, TXRH, TYL, VRCY, WESCO, WST, WWD AI, Biotechnology, defense, global, growth, healthcare, SMID Cap, technology
2025 Q4 Jan 11, 2026
Kathmandu Capital
Vincent Lo
 View AI, Gold, Defense, Semiconductors ACMR, GOOGL, HII, LITE, NVDA, ORCL, VICR AI, China, defense, geopolitics, gold, Power Electronics, semiconductors, technology
2025 Q4 Jan 22, 2026 View AI, Space, Defense, Energy Transition, Robotics, Cybersecurity 6861.T, ADYEY, AMZN, ASML, AXON, CVNA, DOCU, DOL.TO, FLUT, GOOGL, ISRG, MELI, NET, NFLX, NOW, NVDA, SHOP.TO, SPOT, TSM, V AI, defense, energy, global, growth, Robotics, Space, technology
2025 Q4 Feb 21, 2026
Lux Capital
Josh Wolfe
 View AI, Energy, Defense, Concentration, Technology ANDURIL, DBRX, RAMP AI, Biotechnology, Concentration, defense, energy, geopolitics, private markets, Venture Capital
2025 Q4 Jan 18, 2026 View Defense, Energy Transition, Consumer Staples, Biotechnology BLFS, BWMN, COCO, CYX, DGII, ELVA, IIIV, IRMD, MAMA, MEG, PHR, PL, PLMR, QTWO, ROAD, TKNO, TRNS, UTI, VCEL, WLDN Biotech, consumer, defense, energy, growth, Micro Cap, Quality, small cap
2025 Q4 Jan 14, 2026 View AI, Crypto, Defense, Robotics, Energy Storage, Genomics ACHR, AMD, AVAV, COIN, CRSP, DE, GH, GOOG, HOOD, KTOS, PLTR, RBLX, RKLB, ROKU, SHOP, TEM, TER, TRMB, TSLA, TWST AI, crypto, defense, Genomics, innovation, productivity, Robotics, technology
2025 Q4 Jan 26, 2026 View AI, Healthcare, Defense, Software ALKT, CWAN, CWST, DKNG, DT, ESTA, EXAS, FROG, GCI, GTLB, INDIE, LLYVA, LOAR, MRCY, PRMB, RGEN, S, SITM, TREX, VRNS, WAY AI, defense, growth, healthcare, Quality, small caps, software
2025 Q4 Jan 21, 2026 View AI, Defense, Semiconductors, Energy Transition, Data Centers AMD, AMZN, ANET, ASML, AVGO, CPNG, ENR.DE, GEV, ISRG, LRCX, MA, MSFT, NVDA, RHM.DE, SAP, SHOP, TSM, UBER, VEEV, VRT AI, Capex, Data centers, defense, energy, growth, semiconductors, technology
2025 Q4 Feb 11, 2026 View Value, Defense, Pharmaceuticals 005930.KS, 6869.T, 7958.T, BA.L, CNHI, CVSG.L, DHL.DE, GOOGL, HEIA.AS, IONS, JSG.L, NESN.SW, NOVN.SW, PRU.L, ROG.SW, RWM.DE, SAF.PA, SW.PA, TTE, U11.SI Asia, defense, Europe, Hedging, international, Pharmaceuticals, value
2025 Q4 Jan 20, 2026 View AI, Defense, Emerging markets, Semiconductors, E-commerce 005930.KS, 0700.HK, 1299.HK, 1398.HK, 2330.TW, 6758.T, ALC.SW, ALFA.ST, ALV.DE, ASML, ATCO-A.ST, BBVA, D05.SI, MELI, NTES, NVO, NVS, ROG.SW, SE, SU.PA AI, defense, emerging markets, international, semiconductors, technology, Valuations
2025 Q4 Jan 20, 2026
Gymkhana Partners
ANDREI STETSENKO
 View Value, Defense, India, Small Caps AMZN, ASTRA.NS, BHARATBIJ.NS, FINPIPE.NS, GOOGL, INTC, JAMNAUTO.NS, MSFT, RELIANCE.NS, SANSERA.NS, TATAELXSI.NS, UNIMECH.NS defense, growth, India, Manufacturing, Reform, small caps, value
2025 Q4 Jan 13, 2026
Upslope Capital Management
George K. Livadas
 View AI, Automation, Defense, Japan 6954.T, 8697.T, BAH, BIO, CCK, CME, DPLM.L, FCN, GOOGL, HOLN.SW, HSIC, HSY, INTC, MKTX, SAND.ST, SMIN.L, STE, TDY AI, Automation, defense, healthcare, industrials, Japan, Long/Short, mid cap
2025 Q4 Jan 22, 2026 View AI, Space, Defense, Energy Transition, Robotics, Cybersecurity 6861.T, ADDTECH-B.ST, ADYEN.AS, AJINOMOTO.T, ARGX, ASML, BAJFINANCE.NS, DNP.WA, DOL.TO, EL.PA, FLUT, HDFCBANK.NS, HEXA-B.ST, III.L, MELI, NU, PME.AX, PNDORA.CO, RACE, SE, SHOP.TO, SPOT, STVG.MI, TSM, VACN.SW, WEGE3.SA AI, defense, energy, growth, international, Robotics, Space, technology
2025 Q3 Oct 28, 2025 View Defense, Quality, Cybersecurity - cybersecurity, defense, growth, Quality, small caps
2025 Q3 Oct 15, 2025
Upslope Capital Management
George K. Livadas
 View Healthcare, Defense, Quality 8697 JP, BIO, CHG LN, DPLM LN, EVR, FCN, GOOG, HOLN SW, HSY, IMXI, INTC, KDEF, MKTX, SMIN LN, STE, TDY, WST AI, defense, healthcare, Quality, valuation
2025 Q3 Oct 24, 2025 View AI, Defense, Electrification HNST, KRNT, LASR, PENG, PL, PRGO AI, defense, Electrification, small caps, turnaround
2025 Q3 Oct 3, 2025 View AI, Gold, Defense, Inflation, Europe - AI, defense, Europe, gold, inflation
2025 Q3 Oct 28, 2025
Merion Road Capital
Aaron Sallen
 View Defense, Housing AMWD, BELFA, VCTR Corporate Governance, defense, Drones, Housing, M&A
2025 Q3 Oct 19, 2025 View Defense, Financials, Electrification 079550 KS, 300750 CH, A012450 KS, BABA, CRH, GALD SW, TCEHY, UCB aerospace, defense, Electrification, Energy Storage, financials
2025 Q3 Oct 24, 2025 View AI, Defense, Consumer AIG, CAT, EQH, FDX, KMX, LHX, MLM, TMO, ZTS AI, consumer, defense, Large Caps, value
2025 Q3 Oct 6, 2025 View Gold, Defense, International - defense, Europe, gold, International Developed, Treasurys
2025 Q3 Oct 31, 2025 View Defense - Defense industry, Europe, healthcare, Hedging, Value Investing
2025 Q3 Oct 16, 2025 View Defense, Small Caps DNTL, PNG CN defense, M&A, Robotics, small caps, valuation
2025 Q3 Oct 24, 2025 View AI, Defense, Industrials CIEN, COO, EQH, GDDY, KMX, RRR, RVTY, TFIN, TTC, WCC AI, defense, industrials, infrastructure, valuation
2025 Q3 Oct 9, 2025 View AI, Healthcare, Defense, Growth, Small Caps CLBT, CRDO, KTOS, RNA Artificial Intelligence, defense, growth, healthcare, small caps
2025 Q3 Oct 21, 2025 View Defense, Small Caps, Health Tech CLPT, NURS CN, PNG CN AI, defense, Robotics, small caps, Telehealth
2025 Q3 Oct 28, 2025 View AI, Defense, Infrastructure APP, FIX, KTOS, MLTX, TW, VRSK Artificial Intelligence, Data centers, defense, infrastructure, Rate Cuts
2025 Q3 Oct 9, 2025 View AI, Defense, Dividends, Valuation, Inflation AVGO, MMC, ODFL, ORCL Artificial Intelligence, defense, Dividend Investing, inflation, valuation
2025 Q3 Oct 21, 2025 View Defense, Banks, MicroCaps CZBS, ENDI, MCBS, PCHM, PHIG, PROM, SLBK, SODI banks, defense, Micro Caps, Small business, value
2025 Q2 Jul 27, 2025 View Defense, Tariffs, International Small Cap 7164 JP, CHG LN, RKT LN AI Materials, Defense Spending, International Equities, Small Cap Stocks, tariffs
2025 Q2 Jul 15, 2025
Merion Road Capital
Aaron Sallen
 View Defense - Capital discipline, defense, efficiency, small caps, specialization
2025 Q2 Jul 16, 2025
Apis Flagship Fund
Daniel Barker
 View Defense - Asia, defense, infrastructure, nuclear, Valuations
2025 Q2 Jul 16, 2025 View Defense - defense, infrastructure, Power, SMID Caps, stock selection
2025 Q2 Jul 16, 2025
Apis Deep Value Fund
Daniel Barker
 View Defense - defense, geopolitics, infrastructure, nuclear, Valuations
2025 Q2 Jul 24, 2025
WestEnd Capital
George Bolton
 View Defense, Industrials, Reshoring BA, GE, HWM, ROK Aerospace and Defense, capital investment, fiscal stimulus, Industrial Automation, reshoring
2025 Q2 Jul 8, 2025
LVS Advisory – Growth
Luis V. Sanchez
 View Defense CW aerospace, Defense Spending, energy security, industrials, nuclear power
2025 Q1 Apr 14, 2025
WestEnd Capital
George Bolton
 View Defense, Tariffs, Volatility BA/ LN, PLTR, RHM GR, SCHW Artificial Intelligence Platforms, Cash Allocation, Defense Spending, Market Volatility, Tariff Policy

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