John Studzinski — Vice Chair, PIMCO (1 trade idea)

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Date Ticker Direction Thesis Source
Feb 13, 2026 LONG Studzinski notes that "The biggest pools of capital... are derisking from America" and moving into Europe for "resilience." He highlights that the European defense budget is moving toward "$1 Trillion." "Derisking" implies a rotation of capital out of US concentration and into European assets, specifically those linked to security and infrastructure. A doubling of the addressable market for European defense firms creates a massive secular tailwind. Long European Defense and Industrials benefiting from the $1T spending target. European bureaucratic inefficiency; slow implementation of banking unions. Bloomberg Markets
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