GENERAL DYNAMICS CORP GD
COM · Common Stock · CUSIP 369550108 · ISIN US3695501086
American aerospace and defense manufacturing conglomerate
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($189.9m this quarter). Holder counts are more reliable. Shares outstanding: 268.4m as of 2025-03-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $272.56. Options: 33 managers hold calls ($565.1m notional), 29 hold puts ($313.1m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,440 |
| Q4 2022 | 1,578 |
| Q1 2023 | 1,548 |
| Q2 2023 | 1,532 |
| Q3 2023 | 1,522 |
| Q4 2023 | 1,689 |
| Q1 2024 | 1,754 |
| Q2 2024 | 1,773 |
| Q3 2024 | 1,804 |
| Q4 2024 | 1,849 |
| Q1 2025 | 1,832 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 689 | 684 |
| Q3 2023 | 680 | 651 |
| Q4 2023 | 750 | 667 |
| Q1 2024 | 792 | 719 |
| Q2 2024 | 803 | 722 |
| Q3 2024 | 824 | 739 |
| Q4 2024 | 742 | 845 |
| Q1 2025 | 859 | 791 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $638.9m | $386.6m | 0.61 |
| Q3 2024 | $689.6m | $458.5m | 0.66 |
| Q4 2024 | $607.3m | $488.4m | 0.80 |
| Q1 2025 | $565.1m | $313.1m | 0.55 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +1.3m |
| MORGAN STANLEY | Added | +1.2m |
| AMERIPRISE FINANCIAL INC | Added | +709.8k |
| DEUTSCHE BANK AG\ | Added | +690.3k |
| Freestone Grove Partners LP | New | +683.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +611.5k |
| CITADEL ADVISORS LLC | Added | +603.3k |
| D. E. Shaw & Co., Inc. | Added | +391.5k |
| Squarepoint Ops LLC | Added | +353.0k |
| BlackRock, Inc. | Added | +302.4k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -4.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -661.9k |
| Capital International Investors | Sold out | -575.2k |
| FMR LLC | Reduced | -388.2k |
| ROYAL BANK OF CANADA | Reduced | -242.9k |
| HSBC HOLDINGS PLC | Reduced | -226.8k |
| Newport Trust Company, LLC | Reduced | -215.5k |
| MACKENZIE FINANCIAL CORP | Reduced | -192.2k |
| STATE STREET CORP | Reduced | -182.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $175.7m644.4k shares |
| CITADEL ADVISORS LLC | Added | $98.0m359.7k shares |
| IMC-Chicago, LLC | Added | $39.5m144.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $32.2m118.3k shares |
| JANE STREET GROUP, LLC | Added | $28.5m104.6k shares |
| WOLVERINE TRADING, LLC | Added | $22.2m82.6k shares |
| CITIGROUP INC | Reduced | $22.2m81.4k shares |
| Walleye Trading LLC | Added | $21.2m77.7k shares |
| GROUP ONE TRADING LLC | Added | $20.1m73.6k shares |
| PEAK6 LLC | Reduced | $15.8m57.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $69.9m256.5k shares |
| CITADEL ADVISORS LLC | Reduced | $63.9m234.4k shares |
| Caption Management, LLC | Unchanged | $37.7m138.2k shares |
| CITIGROUP INC | Reduced | $26.9m98.6k shares |
| IMC-Chicago, LLC | Added | $20.3m74.5k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $13.7m50.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $9.3m34.3k shares |
| UBS Group AG | Added | $8.7m32.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $8.7m32.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $7.3m27.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| LONGVIEW ASSET MANAGEMENT, LLC 13D · may seek influence -1.0 pts · filed 2026-10-06 | 9.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.9% |
| BlackRock, Inc. 13G · institution filed 2026-07-28 | 6.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 1 | $1.0m | 0 | — | — |
| Q3 2023 | 0 | — | 3 | $12.1m | — |
| Q4 2023 | 0 | — | 1 | $7.9m | — |
| Q1 2024 | 0 | — | 2 | $28.0m | — |
| Q2 2024 | 0 | — | 7 | $37.0m | — |
| Q3 2024 | 0 | — | 1 | $406.6k | — |
| Q4 2024 | 0 | — | 1 | $1.6m | — |
| Q1 2025 | 0 | — | 4 | $17.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-10 | Gilliland Marguerite Amy Senior Vice President | Sold | $7.5m27.6k shares |
| 2025-03-05 | NOVAKOVIC PHEBE N Chairman and CEO, director | Sold | $8.6m32.7k shares |
| 2025-03-05 | Gallopoulos Gregory S Senior VP, Gen. Counsel, Sec. | Sold | $930.9k3.5k shares |
| 2025-01-31 | Schumacher Laura J Director | Sold | $459.2k1.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| LONGVIEW ASSET MANAGEMENT, LLC 96.11% of their portfolio | 28.1m $7.7bn | Unchanged |
| VANGUARD GROUP INC 0.12% of their portfolio | 23.6m $6.4bn | Reduced -169.1k |
| BlackRock, Inc. 0.10% of their portfolio | 16.8m $4.6bn | Added +302.4k |
| Newport Trust Company, LLC 10.32% of their portfolio | 14.8m $4.0bn | Reduced -215.5k |
| STATE STREET CORP 0.12% of their portfolio | 11.0m $3.0bn | Reduced -182.7k |
| BANK OF AMERICA CORP /DE/ 0.21% of their portfolio | 8.7m $2.4bn | Added +1.3m |
| Capital Research Global Investors 0.42% of their portfolio | 7.0m $1.9bn | Added +276.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.61% of their portfolio | 6.7m $1.8bn | Reduced -661.9k |
| MORGAN STANLEY 0.13% of their portfolio | 6.6m $1.8bn | Added +1.2m |
| WELLS FARGO & COMPANY/MN 0.39% of their portfolio | 6.0m $1.6bn | Reduced -132.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 5.8m $1.6bn | Added +83.1k |
| JPMORGAN CHASE & CO 0.11% of their portfolio | 5.5m $1.5bn | Added +256.7k |
| Sanders Capital, LLC 1.70% of their portfolio | 4.2m $1.1bn | Reduced -30.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.19% of their portfolio | 3.7m $1.0bn | Reduced -4.6m |
| FMR LLC 0.06% of their portfolio | 3.4m $917.5m | Reduced -388.2k |
| Aristotle Capital Management, LLC 1.55% of their portfolio | 2.9m $780.1m | Reduced -109.6k |
| AMERIPRISE FINANCIAL INC 0.20% of their portfolio | 2.7m $749.3m | Added +709.8k |
| ROYAL BANK OF CANADA 0.16% of their portfolio | 2.7m $733.8m | Reduced -242.9k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 2.6m $697.4m | Reduced -47.7k |
| Invesco Ltd. 0.12% of their portfolio | 2.4m $647.7m | Reduced -52.4k |
| FRANKLIN RESOURCES INC 0.13% of their portfolio | 1.7m $455.4m | Reduced -59.4k |
| Bank of New York Mellon Corp 0.09% of their portfolio | 1.7m $450.2m | Reduced -54.5k |
| UBS Group AG 0.10% of their portfolio | 1.6m $444.6m | Added +82.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 1.6m $431.3m | Added +5.3k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 1.5m $416.6m | Reduced -14.5k |
| BANK OF MONTREAL /CAN/ 0.20% of their portfolio | 1.4m $371.0m | Reduced -16.4k |
| Boston Partners 0.43% of their portfolio | 1.3m $353.6m | Added +94.5k |
| DEUTSCHE BANK AG\ 0.14% of their portfolio | 1.3m $343.9m | Added +690.3k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.2m $335.6m | Reduced -49.1k |
| Legal & General Group Plc 0.08% of their portfolio | 1.1m $291.6m | Added +15.2k |
| HSBC HOLDINGS PLC 0.19% of their portfolio | 1.1m $289.8m | Reduced -226.8k |
| Nuveen, LLC 0.08% of their portfolio | 999.6k $272.5m | First filing |
| FIRST TRUST ADVISORS LP 0.22% of their portfolio | 931.7k $254.0m | Added +69.9k |
| California Public Employees Retirement System 0.17% of their portfolio | 880.1k $239.9m | Reduced -32.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 877.9k $239.3m | Added +2.0k |
| TWO SIGMA ADVISERS, LP 0.47% of their portfolio | 762.4k $207.8m | Reduced -54.6k |
| Cullen Capital Management, LLC 2.37% of their portfolio | 752.1k $205.0m | Added +10.1k |
| RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio | 745.3k $203.2m | Reduced -3.2k |
| Squarepoint Ops LLC 0.49% of their portfolio | 735.3k $200.4m | Added +353.0k |
| BARCLAYS PLC 0.09% of their portfolio | 725.8k $197.8m | Added +146.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 686.9k $187.2m | Added +28.4k |
| Freestone Grove Partners LP 1.92% of their portfolio | 683.0k $186.2m | New |
| ProShare Advisors LLC 0.42% of their portfolio | 677.7k $184.7m | Added +15.4k |
| Swiss National Bank 0.13% of their portfolio | 659.2k $179.7m | Reduced -600 |
| CITADEL ADVISORS LLC 0.17% of their portfolio | 653.1k $178.0m | Added +603.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.14% of their portfolio | 649.0k $176.9m | Added +611.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.14% of their portfolio | 602.8k $164.3m | Reduced -76.9k |
| D. E. Shaw & Co., Inc. 0.19% of their portfolio | 601.8k $164.0m | Added +391.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 591.6k $161.3m | Added +732 |
| National Pension Service 0.15% of their portfolio | 560.4k $152.8m | Added +56.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% of their portfolio | 540.6k $147.4m | Reduced -4.5k |
| TWO SIGMA INVESTMENTS, LP 0.32% of their portfolio | 538.6k $146.8m | Reduced -155.0k |
| AQR CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 532.8k $145.2m | Added +77.4k |
| NATIONAL BANK OF CANADA /FI/ 0.16% of their portfolio | 508.3k $138.6m | Added +156.9k |
| RHUMBLINE ADVISERS 0.13% of their portfolio | 498.9k $136.0m | Reduced -17.1k |
| LPL Financial LLC 0.05% of their portfolio | 496.5k $135.3m | Added +53.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio | 484.5k $132.1m | First filing |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.12% of their portfolio | 463.9k $126.5m | Added +43.9k |
| Penserra Capital Management LLC 2.09% of their portfolio | 431.0k $117.5m | Added +73.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.37% of their portfolio | 406.4k $110.8m | Reduced -2.5k |
| Markel Group Inc. 0.95% of their portfolio | 391.0k $106.6m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 380.8k $103.8m | Reduced -3.2m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 379.5k $103.4m | Reduced -2.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.22% of their portfolio | 379.5k $103.4m | Added +135.7k |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 361.7k $98.8m | Reduced -2.3k |
| CITIGROUP INC 0.07% of their portfolio | 356.5k $97.2m | Added +153.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.14% of their portfolio | 348.5k $95.0m | Reduced -55.3k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 346.0k $94.3m | Reduced -36.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio | 337.6k $92.0m | Added +155.9k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 326.1k $88.9m | Reduced -18.6k |
| EQUITY INVESTMENT CORP 1.87% of their portfolio | 306.5k $83.5m | Added +53.9k |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 291.4k $79.4m | Added +95.6k |
| ZACKS INVESTMENT MANAGEMENT 0.74% of their portfolio | 290.9k $79.3m | Added +7.0k |
| BLAIR WILLIAM & CO/IL 0.24% of their portfolio | 290.6k $79.2m | Reduced -27.7k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 290.1k $79.1m | Added +5.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio | 285.9k $77.9m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 285.8k $77.9m | Reduced -6.4k |
| TRUIST FINANCIAL CORP 0.12% of their portfolio | 285.1k $77.7m | Reduced -13.4k |
| WESTWOOD HOLDINGS GROUP INC 0.58% of their portfolio | 281.7k $76.8m | Reduced -100.0k |
| PZENA INVESTMENT MANAGEMENT LLC 0.27% of their portfolio | 278.5k $75.9m | Added +7.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.32% of their portfolio | 274.6k $74.8m | Reduced -455 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.27% of their portfolio | 271.2k $73.9m | Reduced -130.0k |
| NATIXIS ADVISORS, LLC 0.14% of their portfolio | 269.5k $73.5m | Added +20.5k |
| Man Group plc 0.22% of their portfolio | 266.6k $72.7m | Added +225.5k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 263.1k $71.7m | Reduced -3.0k |
| Vident Advisory, LLC 1.04% of their portfolio | 261.5k $71.3m | Added +169.1k |
| Bahl & Gaynor LLC 0.35% of their portfolio | 252.2k $68.7m | Added +8.2k |
| STIFEL FINANCIAL CORP 0.07% of their portfolio | 250.1k $68.2m | Reduced -14.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 247.5k $67.5m | Added +91.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.13% of their portfolio | 241.4k $65.8m | Unchanged |
| FIFTH THIRD BANCORP 0.24% of their portfolio | 232.8k $63.5m | Added +1.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.14% of their portfolio | 221.6k $60.4m | Reduced -766 |
| SG Americas Securities, LLC 0.21% of their portfolio | 221.5k $60.4m | Added +207.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.18% of their portfolio | 215.3k $58.7m | Added +15.6k |
| Saratoga Research & Investment Management 3.09% of their portfolio | 214.9k $58.6m | Reduced -18.1k |
| Janney Montgomery Scott LLC 0.16% of their portfolio | 209.8k $57.2m | Reduced -10.6k |
| Vest Financial, LLC 0.87% of their portfolio | 206.6k $56.3m | Added +17.5k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 203.7k $55.5m | Reduced -6.2k |
| HighTower Advisors, LLC 0.07% of their portfolio | 194.9k $53.1m | Reduced -49.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 194.3k $53.0m | Reduced -118.1k |