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Elevatus Wealth Management Lowers Stake in Lockheed Martin
The investment firm reduced its holdings in the aerospace and defense company by over 93% in the third quarter.
Mar. 12, 2026 at 1:08pm
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Elevatus Wealth Management decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 93.3% in the third quarter, according to the company's most recent Form 13F filing with the SEC. The fund now owns 723 shares of the aerospace company's stock, down from 10,817 shares previously.
Why it matters
Lockheed Martin is one of the largest defense contractors in the world, so changes in institutional ownership of its stock can signal shifts in investor sentiment around the company and the broader defense industry.
The details
Elevatus Wealth Management sold 10,094 shares of Lockheed Martin stock during the third quarter, leaving it with just 723 shares worth $361,000 at the end of the period. Several other institutional investors also made changes to their Lockheed Martin holdings, with some increasing and others decreasing their positions.
- Elevatus Wealth Management filed its 13F report for the third quarter of 2026.
The players
Elevatus Wealth Management
An investment management firm that decreased its stake in Lockheed Martin by over 93% in the third quarter of 2026.
Lockheed Martin Corporation
A global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers.
The takeaway
The significant reduction in Elevatus Wealth Management's Lockheed Martin holdings suggests the firm may have concerns about the company's future prospects or is reallocating capital to other investment opportunities. However, the overall institutional ownership of Lockheed Martin remains high, indicating the company continues to be viewed as a valuable long-term investment by many major investors.
