Captrust Financial Advisors Reduces Stake in Lockheed Martin

Asset manager trims position in aerospace and defense giant

Mar. 18, 2026 at 8:36am

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Captrust Financial Advisors, a major investment firm, decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.6% during the third quarter, according to a recent SEC filing. The firm now owns 222,099 shares of the aerospace company's stock, valued at $110,874,000.

Why it matters

Lockheed Martin is one of the largest defense contractors in the world, so changes in institutional ownership of its stock can provide insights into broader trends in the aerospace and defense industry. Captrust's decision to reduce its position may signal a shift in investor sentiment or portfolio rebalancing.

The details

In the third quarter, Captrust Financial Advisors sold 3,562 shares of Lockheed Martin, bringing its total position down to 222,099 shares. The firm now owns 0.10% of the aerospace company's outstanding stock. Captrust cited unspecified reasons for the reduction in its Lockheed Martin holdings.

  • Captrust Financial Advisors decreased its Lockheed Martin holdings during the third quarter of 2026.

The players

Captrust Financial Advisors

A major investment management firm that provides financial advisory and retirement plan 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

Captrust's reduction in its Lockheed Martin position suggests potential shifts in investor sentiment towards the defense industry, though the specific reasons behind the move remain unclear. As one of the largest players in the sector, changes in Lockheed Martin's institutional ownership can provide valuable insights into broader market trends.