Ameriprise Financial Boosts Stake in General Dynamics

Institutional investor increases holding in aerospace and defense company

Mar. 15, 2026 at 7:45am

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Ameriprise Financial Inc. has increased its stake in General Dynamics Corporation (NYSE:GD) by 5.4% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. Ameriprise now owns 3,627,155 shares of the aerospace company's stock, valued at $1.24 billion, representing 1.34% ownership of General Dynamics.

Why it matters

General Dynamics is a major player in the aerospace and defense industry, supplying platforms and systems for government and commercial customers worldwide. Ameriprise's increased investment signals confidence in the company's long-term prospects, particularly as the U.S. government focuses on shipbuilding and naval funding.

The details

According to the 13F filing, Ameriprise Financial acquired an additional 187,435 shares of General Dynamics during the third quarter, bringing its total stake to 3,627,155 shares. This represents a 5.4% increase in Ameriprise's holding in the company. General Dynamics has a diverse business portfolio spanning business aviation, land systems, marine systems, and mission systems and IT operations.

  • Ameriprise Financial increased its stake in General Dynamics during the third quarter of the year.

The players

Ameriprise Financial Inc.

An American financial services company that provides financial planning, asset management, insurance, and annuity products.

General Dynamics Corporation

A major American aerospace and defense contractor that designs, manufactures, and supports a broad range of products and services for government and commercial customers worldwide.

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The takeaway

Ameriprise Financial's increased stake in General Dynamics suggests the institutional investor sees long-term value in the aerospace and defense company, particularly as the U.S. government focuses on shipbuilding and naval funding, which are key areas of General Dynamics' business.