Lockheed Martin Corporation (NYSE: LMT) is a global defense and aerospace company that designs and manufactures advanced fighter jets, missile systems, space technologies, and other security solutions. It stands as the world’s largest defense contractor, recently trading around $456 per share with a market capitalization of about $106 billion.
Best known for the F-35 fighter jet, missile defense systems, and space technologies, Lockheed has become a cornerstone of U.S. and allied defense strategy. While the company has delivered decades of steady cash flows and industry leadership, its stock has slipped nearly 20% over the past year as slowing growth and rising costs weigh on margins. Even so, Lockheed remains a central holding for major institutions thanks to its long-term government contracts, consistent dividend payments, and critical role in global security.
Looking at who owns the stock and what insiders are doing gives a clearer picture of how investors feel about Lockheed today.
Who Are Lockheed Martin’s Top Shareholders?
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Lockheed Martin is a defense and aerospace company that develops fighter aircraft, missile systems, space technologies, and other advanced security solutions. Its shareholder base is led by the world’s largest asset managers, with recent changes showing a split between those adding exposure and those trimming back.
- State Street Global Advisors: 34.5M shares (14.8%), ~$15.7B. Trimmed 43K (-0.13%).
- Vanguard Group: 21.6M shares (9.3%), ~$9.8B. Added 213K (+0.99%).
- BlackRock: 12.5M shares (5.3%), ~$5.7B. Cut 364K (-2.8%).
- Charles Schwab Investment Mgmt: 7.8M shares (3.4%), ~$3.6B. Reduced 184K (-2.3%).
- Geode Capital: 4.9M shares (2.1%), ~$2.2B. Added 19K (+0.4%).
- Morgan Stanley: 3.3M shares (1.4%), ~$1.5B. Added 283K (+9.3%).
One highlight from last quarter is Gotham Asset Management, run by Joel Greenblatt, which boosted its Lockheed stake by 124%. The fund now owns about 57K shares worth $26 million, suggesting a stronger conviction in the defense giant after its pullback.
Another big move came from Jane Street Group, which nearly doubled its position with a 96% increase. Jane Street now controls roughly 74K shares valued at $34 million, a notable sign of confidence from one of Wall Street’s most active trading firms.
Meanwhile, Magnetar Financial, led by Alec Litowitz, lifted its holding by 61%, bringing its total to about 20K shares worth $9 million. For a hedge fund known for selective bets, this increase looks like a deliberate show of optimism in Lockheed’s stability.
The presence of large index funds provides stability, but the activity from hedge funds shows that some managers see opportunity in the pullback. Gotham, Jane Street, and Magnetar all ramping up exposure may point to growing conviction that Lockheed remains a dependable long-term play.
Passive giants anchor ownership, while hedge fund buyers are leaning in after the recent weakness.
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Lockheed Martin’s Recent Insider Trades
Insider activity can give a glimpse into how executives and directors are handling their personal stakes. For Lockheed Martin, recent trades have been modest and lean toward selling.
Here are some recent insider trades:
- Stephanie Hill (Officer): Sold 4,791 shares at $442.51.
- Robert Lightfoot (Officer): Sold 3,213 shares at $442.42.
- James Taiclet (CEO): Reported 11,551 shares in Feb filing.
- Kevin O’Connor (Director): Reported 15,856 shares in Feb filing.
These trades are relatively small compared to total holdings and may simply reflect executives cashing out a portion of shares or following preset plans.
Insider sentiment looks cautious, with no clear signs of strong buying interest.
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What the Ownership & Insider Trade Data Tell Us
Lockheed Martin’s ownership base is anchored by massive index funds, which helps keep the stock widely held and relatively stable. At the same time, active managers are sending mixed signals. Vanguard and Morgan Stanley increasing their stakes may point to confidence in Lockheed’s government contracts and long-term cash flows, while BlackRock and Schwab trimming suggests caution over execution risks and near-term budget pressures.
On the insider side, recent trades have been modest and mostly on the selling side. While these sales could simply be linked to diversification or scheduled plans, the absence of notable insider buying may indicate that leadership does not view the current valuation as a bargain.
Lockheed remains a long-term cornerstone of the defense industry with stable dividends, but both institutional and insider moves show that conviction at current levels is not unanimous.
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