Chevy Chase Trust Lowers Stake in Lockheed Martin

Institutional investor trims holdings in aerospace giant by 3.1% in Q3

Mar. 15, 2026 at 11:08am

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Chevy Chase Trust Holdings LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.1% during the third quarter, according to a recent 13F filing with the SEC. The institutional investor now owns around 177,000 shares of the aerospace company's stock, worth approximately $88 million.

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. Changes in institutional ownership of the company's stock can provide insights into broader market sentiment and investment trends within the aerospace and defense industry.

The details

According to the 13F filing, Chevy Chase Trust sold 5,647 shares of Lockheed Martin during the third quarter, trimming its total position to 176,992 shares. The institutional investor now owns about 0.08% of Lockheed Martin's outstanding stock. Other major shareholders of the company include Vanguard Group, First Trust Advisors, and MIRAE ASSET GLOBAL ETFS HOLDINGS.

  • Chevy Chase Trust filed its 13F report for the third quarter of 2026.

The players

Chevy Chase Trust Holdings LLC

An institutional investment management firm based in Bethesda, Maryland.

Lockheed Martin Corporation

A global aerospace and defense company headquartered in Bethesda, Maryland, and a major supplier of military aircraft, missile systems, and space technologies.

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The takeaway

The reduction in Chevy Chase Trust's Lockheed Martin holdings suggests a potential shift in investor sentiment around the aerospace giant, though the overall impact on the company's stock price and market position remains to be seen.