L3Harris Technologies Shares Sold by Candelo Capital Management

Institutional investor trims stake in aerospace and defense company

Mar. 15, 2026 at 10:37am

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Candelo Capital Management LP, an institutional investor, reduced its position in L3Harris Technologies Inc (NYSE:LHX) by 19.7% during the third quarter, according to a recent SEC filing. The firm now owns 17,022 shares of the company's stock, valued at $5,199,000.

Why it matters

L3Harris Technologies is a major player in the aerospace and defense industry, providing a range of technology solutions for government and commercial customers. Institutional investors closely monitor the company's performance and ownership changes, as this can signal broader market trends and investor sentiment.

The details

According to the filing, Candelo Capital Management sold 4,178 shares of L3Harris Technologies during the third quarter, reducing its total stake to 17,022 shares. The firm's holdings in L3Harris now make up 4.5% of its portfolio, making the stock its 7th largest holding.

  • Candelo Capital Management reduced its L3Harris stake during the third quarter of 2026.

The players

Candelo Capital Management LP

An institutional investor that has reduced its position in L3Harris Technologies.

L3Harris Technologies Inc

An American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation.

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The takeaway

The reduction in Candelo Capital Management's L3Harris Technologies stake suggests the institutional investor sees potential headwinds or opportunities elsewhere in the market. However, L3Harris remains a major holding in the firm's portfolio, indicating ongoing confidence in the company's long-term prospects.