JPMorgan Chase Reduces Stake in Leonardo DRS

Institutional investor sells over 82,000 shares of defense technology company

Published on Feb. 28, 2026

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JPMorgan Chase & Co. has reduced its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 9.4% in the third quarter, according to a recent SEC filing. The fund now owns approximately 797,419 shares of the company's stock, valued at around $36.2 million.

Why it matters

This transaction highlights the shifting investment landscape for the defense technology firm Leonardo DRS. As a major institutional investor, JPMorgan Chase's decision to sell a portion of its holdings could signal broader market trends or changes in the company's outlook.

The details

According to the filing, JPMorgan Chase sold 82,561 shares of Leonardo DRS during the third quarter. The fund now owns about 0.30% of the company's outstanding shares. Leonardo DRS is a U.S. subsidiary of the Italian defense conglomerate Leonardo S.p.A., specializing in command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) systems.

  • The share sale occurred in the third quarter of 2026.

The players

JPMorgan Chase & Co.

A major American multinational investment bank and financial services company.

Leonardo DRS, Inc.

A U.S.-based defense technology company and wholly owned subsidiary of Italy's Leonardo S.p.A.

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The takeaway

This transaction suggests shifting investor sentiment around Leonardo DRS, as a prominent institutional holder reduces its position in the defense technology firm. It remains to be seen how this will impact the company's stock performance and market positioning going forward.