Ameriprise Financial Reduces Stake in Lockheed Martin

Institutional investor sells over 123,000 shares of aerospace giant

Mar. 17, 2026 at 7:08am

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Ameriprise Financial Inc. has reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 16.2%, selling 123,082 shares in the third quarter. The investment firm now owns 638,300 shares of the aerospace company's stock, valued at $312,957,000 at the end of the reporting period.

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 signal shifts in investor sentiment and market expectations around the firm's future performance.

The details

According to a 13F filing with the Securities and Exchange Commission, Ameriprise Financial sold 123,082 shares of Lockheed Martin in the third quarter, reducing its total position by 16.2%. The firm now owns 638,300 shares of the aerospace company's stock, worth $312,957,000 as of the end of the reporting period.

  • Ameriprise Financial filed its 13F report for the third quarter of 2026.

The players

Ameriprise Financial Inc.

A diversified financial services firm that provides wealth management, asset management, and insurance products and services.

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

The reduction in Ameriprise Financial's Lockheed Martin holdings could signal a broader shift in investor sentiment around the aerospace and defense industry, as geopolitical tensions and budget pressures create uncertainty around future government spending on military programs.