Vestcor Inc Reduces Stake in Lockheed Martin Corporation

Aerospace company's stock ownership decreases by 14.5% in Q3

Published on Mar. 10, 2026

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Vestcor Inc, an investment management firm, reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 14.5% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund now owns 14,526 shares of the aerospace company's stock, valued at $7.25 million as of the most recent filing.

Why it matters

Lockheed Martin is one of the world's largest defense contractors, with a diverse portfolio of military aircraft, missile systems, and space technologies. Institutional investors' holdings in the company can provide insights into market sentiment and potential shifts in the aerospace and defense industry.

The details

According to the 13F filing, Vestcor Inc sold 2,462 shares of Lockheed Martin during the third quarter, reducing its total stake by 14.5%. The firm now holds 14,526 shares of the company's stock, which was valued at $7.25 million as of the most recent reporting period. The sale comes as Lockheed Martin's stock price has risen significantly, reaching a 52-week high of $692 in recent trading.

  • Vestcor Inc reduced its Lockheed Martin stake in the 3rd quarter of 2025.

The players

Vestcor Inc

An investment management firm that has reduced its stake in Lockheed Martin Corporation.

Lockheed Martin Corporation

A global aerospace and defense company that designs, develops, and manufactures advanced technology systems for government and commercial customers.

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The takeaway

Vestcor Inc's reduction in its Lockheed Martin holdings suggests the firm may be taking a more cautious stance on the aerospace and defense sector, even as Lockheed Martin's stock price has continued to climb. This move could signal broader shifts in institutional investor sentiment towards the industry.