CIBC Private Wealth Group Reduces Lockheed Martin Stake

Institutional investor cuts holding in aerospace giant by 11.6% in Q3

Mar. 20, 2026 at 8:03am

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CIBC Private Wealth Group LLC, an institutional investor, reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 11.6% in the third quarter, according to a recent SEC filing. The firm now owns 33,947 shares of the aerospace company's stock, valued at $16,947,000 at the end of the quarter.

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. Institutional investors closely monitor the company's performance and ownership changes can signal shifts in market sentiment.

The details

CIBC Private Wealth Group sold 4,435 Lockheed Martin shares during the third quarter, reducing its total holding to 33,947 shares. The firm cited unspecified reasons for the stake reduction. Lockheed Martin's stock has seen significant volatility in recent months, trading between a 52-week low of $410.11 and a high of $692.00.

  • CIBC Private Wealth Group filed the 13F report disclosing the stake reduction on March 20, 2026.
  • The stake reduction occurred during the third quarter of 2025.

The players

CIBC Private Wealth Group LLC

An institutional investor and subsidiary of Canadian Imperial Bank of Commerce (CIBC), one of the largest banks in Canada.

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 CIBC Private Wealth Group's Lockheed Martin stake reflects the volatility and uncertainty surrounding the defense industry, as institutional investors carefully monitor the performance and outlook of major contractors like Lockheed Martin.