Lockheed Martin Stake Decreased by Investment Firm

Patrick Mauro Investment Advisor INC. reduced its position in the aerospace company's stock by over 21% in the third quarter.

Mar. 14, 2026 at 9:06am

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According to a recent SEC filing, Patrick Mauro Investment Advisor INC. decreased its stake in Lockheed Martin Corporation (NYSE:LMT) by 21.2% in the third quarter. The investment firm now owns 14,788 shares of the aerospace company's stock, down from 18,777 shares previously.

Why it matters

Lockheed Martin is one of the world's largest defense contractors, so changes in institutional ownership of its stock can provide insights into investor sentiment around the company and the broader aerospace and defense industry.

The details

Patrick Mauro Investment Advisor INC. sold 3,989 shares of Lockheed Martin stock during the third quarter, reducing its total position to 14,788 shares. The firm's holdings in Lockheed Martin now make up 3.9% of its investment portfolio, making it the 8th largest position.

  • The stake reduction occurred in the third quarter of the year.

The players

Patrick Mauro Investment Advisor INC.

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

Lockheed Martin Corporation

A global aerospace and defense company that designs, develops and manufactures advanced technology systems.

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The takeaway

This filing indicates that one institutional investor has reduced its exposure to Lockheed Martin, though the reasons behind the decision are not entirely clear. Investors will likely continue to monitor changes in ownership of this major defense contractor.