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 ($316.6m this quarter). Holder counts are more reliable. Shares outstanding: 270.4m as of 2026-04-05, 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 ≈ $343.12. Options: 31 managers hold calls ($446.5m notional), 27 hold puts ($335.1m).
Trends to Q1 2026
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 |
| Q2 2025 | 1,900 |
| Q3 2025 | 2,026 |
| Q4 2025 | 2,161 |
| Q1 2026 | 2,220 |
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 2024 | 803 | 722 |
| Q3 2024 | 824 | 739 |
| Q4 2024 | 742 | 845 |
| Q1 2025 | 859 | 791 |
| Q2 2025 | 956 | 720 |
| Q3 2025 | 1,009 | 747 |
| Q4 2025 | 973 | 794 |
| Q1 2026 | 1,072 | 889 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $657.3m | $272.7m | 0.41 |
| Q3 2025 | $699.0m | $372.6m | 0.53 |
| Q4 2025 | $625.9m | $430.5m | 0.69 |
| Q1 2026 | $446.5m | $335.1m | 0.75 |
Biggest buyers
| BlackRock, Inc. | Added | +876.1k |
| D. E. Shaw & Co., Inc. | Added | +669.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +637.6k |
| UBS Group AG | Added | +496.7k |
| TWO SIGMA INVESTMENTS, LP | Added | +346.5k |
| BARCLAYS PLC | Added | +323.1k |
| Invesco Ltd. | Added | +309.9k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +296.8k |
| FMR LLC | Added | +266.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +254.5k |
Biggest sellers
| Capital Research Global Investors | Reduced | -1.8m |
| HSBC HOLDINGS PLC | Reduced | -1.3m |
| Holocene Advisors, LP | Sold out | -863.3k |
| Pacer Advisors, Inc. | Reduced | -816.9k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -631.9k |
| ROYAL BANK OF CANADA | Reduced | -581.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -562.7k |
| Corient Private Wealth LP | Reduced | -531.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -422.1k |
| EQUITY INVESTMENT CORP | Reduced | -276.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $130.9m381.5k shares |
| CITADEL ADVISORS LLC | Reduced | $61.7m179.8k shares |
| IMC-Chicago, LLC | Reduced | $51.9m151.1k shares |
| JANE STREET GROUP, LLC | Reduced | $33.9m98.7k shares |
| GROUP ONE TRADING LLC | Added | $28.3m82.6k shares |
| Delta Accumulation, LLC | Reduced | $27.0m78.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $22.3m651 shares |
| PEAK6 LLC | Reduced | $18.6m54.1k shares |
| UBS Group AG | Reduced | $13.2m38.4k shares |
| BANK OF MONTREAL /CAN/ | New | $12.4m36.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $90.9m264.7k shares |
| IMC-Chicago, LLC | Added | $49.8m145.2k shares |
| CITADEL ADVISORS LLC | Reduced | $43.5m126.7k shares |
| JANE STREET GROUP, LLC | Added | $39.0m113.5k shares |
| Delta Accumulation, LLC | Reduced | $27.0m78.7k shares |
| UBS Group AG | Reduced | $20.7m60.2k shares |
| BANK OF MONTREAL /CAN/ | New | $8.9m26.0k shares |
| GROUP ONE TRADING LLC | Reduced | $8.0m23.3k shares |
| CITIGROUP INC | Reduced | $7.6m22.0k shares |
| Squarepoint Ops LLC | Added | $7.6m22.0k 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 2026
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 2024 | 0 | — | 7 | $37.0m | — |
| Q3 2024 | 0 | — | 1 | $406.6k | — |
| Q4 2024 | 0 | — | 1 | $1.6m | — |
| Q1 2025 | 0 | — | 4 | $17.5m | — |
| Q2 2025 | 0 | — | 2 | $64.8m | — |
| Q3 2025 | 0 | — | 8 | $83.5m | — |
| Q4 2025 | 0 | — | 2 | $6.9m | — |
| Q1 2026 | 0 | — | 5 | $19.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-11 | NOVAKOVIC PHEBE N Chairman and CEO, director | Sold | $11.7m32.9k shares |
| 2026-03-11 | Burns Mark Lagrand Executive Vice President | Sold | $3.6m10.2k shares |
| 2026-03-11 | Gilliland Marguerite Amy Executive Vice President | Sold | $1.4m3.8k shares |
| 2026-03-11 | Gallopoulos Gregory S Senior VP, Gen. Counsel, Sec. | Sold | $1.3m3.7k shares |
| 2026-02-13 | Rayha Mark Vice President | Sold | $1.5m4.4k 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 2026
| Manager | Shares | Change |
|---|---|---|
| LONGVIEW ASSET MANAGEMENT, LLC 97.13% of their portfolio | 27.1m $9.3bn | Reduced -507 |
| BlackRock, Inc. 0.11% of their portfolio | 18.6m $6.4bn | Added +876.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 16.1m $5.5bn | First filing |
| Newport Trust Company, LLC 11.44% of their portfolio | 13.6m $4.7bn | Reduced -155.1k |
| STATE STREET CORP 0.14% of their portfolio | 11.4m $3.9bn | Added +113.2k |
| BANK OF AMERICA CORP /DE/ 0.20% of their portfolio | 8.1m $2.8bn | Reduced -422.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.11% of their portfolio | 6.3m $2.2bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio | 6.3m $2.1bn | Added +200.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.66% of their portfolio | 5.7m $2.0bn | Reduced -562.7k |
| JPMORGAN CHASE & CO 0.12% of their portfolio | 5.4m $1.8bn | Added +77.8k |
| MORGAN STANLEY 0.11% of their portfolio | 5.2m $1.8bn | Reduced -31.1k |
| AMERIPRISE FINANCIAL INC 0.38% of their portfolio | 4.8m $1.6bn | Added +79.0k |
| WELLS FARGO & COMPANY/MN 0.31% of their portfolio | 4.5m $1.5bn | Reduced -46.0k |
| FMR LLC 0.08% of their portfolio | 4.5m $1.5bn | Added +266.0k |
| Capital Research Global Investors 0.21% of their portfolio | 3.9m $1.3bn | Reduced -1.8m |
| Sanders Capital, LLC 1.48% of their portfolio | 3.6m $1.2bn | Reduced -60.4k |
| NORTHERN TRUST CORP 0.15% of their portfolio | 3.4m $1.2bn | Reduced -68.9k |
| ROYAL BANK OF CANADA 0.18% of their portfolio | 2.8m $948.9m | Reduced -581.4k |
| Invesco Ltd. 0.09% of their portfolio | 2.7m $941.7m | Added +309.9k |
| Aristotle Capital Management, LLC 1.76% of their portfolio | 2.4m $839.8m | Reduced -84.6k |
| AQR CAPITAL MANAGEMENT LLC 0.35% of their portfolio | 2.2m $763.5m | Added +161.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.96% of their portfolio | 2.1m $706.4m | Added +637.6k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 1.7m $579.2m | Added +215.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 1.7m $570.6m | Added +31.9k |
| FRANKLIN RESOURCES INC 0.14% of their portfolio | 1.6m $553.7m | Reduced -12.0k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 1.6m $542.3m | Added +28.2k |
| UBS Group AG 0.09% of their portfolio | 1.5m $523.7m | Added +496.7k |
| BANK OF MONTREAL /CAN/ 0.20% of their portfolio | 1.5m $498.4m | Added +65.3k |
| VANGUARD FIDUCIARY TRUST CO 0.12% of their portfolio | 1.4m $487.4m | First filing |
| Boston Partners 0.49% of their portfolio | 1.4m $466.1m | Reduced -51.4k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 1.2m $417.2m | Reduced -20.5k |
| Nuveen, LLC 0.10% of their portfolio | 1.1m $385.4m | Added +186.9k |
| Legal & General Group Plc 0.08% of their portfolio | 1.0m $358.5m | Reduced -26.2k |
| FIRST TRUST ADVISORS LP 0.24% of their portfolio | 978.0k $335.7m | Reduced -362 |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 949.0k $325.7m | Added +149.1k |
| D. E. Shaw & Co., Inc. 0.25% of their portfolio | 913.1k $313.4m | Added +669.0k |
| RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio | 820.8k $281.7m | Reduced -5.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.18% of their portfolio | 796.5k $273.4m | Added +296.8k |
| BARCLAYS PLC 0.10% of their portfolio | 774.7k $265.9m | Added +323.1k |
| SG Americas Securities, LLC 0.28% of their portfolio | 750.5k $257.6m | Added +159.0k |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 746.2k $256.1m | Reduced -193.1k |
| National Pension Service 0.19% of their portfolio | 739.7k $253.9m | Added +363 |
| BNP PARIBAS FINANCIAL MARKETS 0.16% of their portfolio | 707.2k $242.7m | Added +62.1k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 684.0k $234.9m | Reduced -1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 681.7k $234.0m | Added +30.0k |
| Swiss National Bank 0.13% of their portfolio | 673.8k $231.3m | Added +47.3k |
| Cullen Capital Management, LLC 2.37% of their portfolio | 673.2k $231.1m | Reduced -22.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio | 641.9k $220.3m | Added +254.5k |
| LPL Financial LLC 0.06% of their portfolio | 616.4k $211.6m | Added +19.0k |
| California Public Employees Retirement System 0.12% of their portfolio | 590.5k $202.7m | Reduced -48.3k |
| Bahl & Gaynor LLC 1.02% of their portfolio | 587.4k $201.6m | Added +72.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio | 580.5k $199.2m | Added +45.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.13% of their portfolio | 573.4k $196.8m | Reduced -36.2k |
| Vanguard Global Advisers, LLC 0.10% of their portfolio | 554.9k $190.5m | First filing |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.71% of their portfolio | 524.0k $179.8m | Reduced -8.3k |
| ProShare Advisors LLC 0.25% of their portfolio | 495.2k $170.0m | Reduced -25.2k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 479.0k $164.4m | Added +242.2k |
| RHUMBLINE ADVISERS 0.14% of their portfolio | 469.8k $161.2m | Reduced -22.2k |
| Qube Research & Technologies Ltd 0.23% of their portfolio | 461.7k $158.5m | Reduced -66.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.13% of their portfolio | 450.0k $154.5m | First filing |
| PRUDENTIAL FINANCIAL INC 0.18% of their portfolio | 437.3k $150.1m | Reduced -191.9k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 420.7k $144.4m | Reduced -4.4k |
| Vident Advisory, LLC 1.21% of their portfolio | 415.8k $142.7m | Added +24.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.44% of their portfolio | 415.7k $142.7m | Reduced -2.0k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 406.3k $139.4m | Added +200.2k |
| Quantinno Capital Management LP 0.23% of their portfolio | 406.2k $139.4m | Added +73.4k |
| Markel Group Inc. 1.12% of their portfolio | 391.0k $134.2m | Unchanged |
| Squarepoint Ops LLC 0.29% of their portfolio | 390.8k $134.1m | Added +121.6k |
| PRIMECAP MANAGEMENT CO/CA/ 0.11% of their portfolio | 389.0k $133.5m | Reduced -10.0k |
| BANK OF NOVA SCOTIA 0.23% of their portfolio | 384.5k $132.0m | Added +137.8k |
| Thrivent Financial for Lutherans 0.25% of their portfolio | 376.5k $129.2m | Added +14.1k |
| Man Group plc 0.26% of their portfolio | 370.9k $127.3m | Added +26.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 365.5k $125.5m | Reduced -6.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 360.7k $123.8m | Reduced -631.9k |
| TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio | 357.4k $122.7m | Added +346.5k |
| Allianz Asset Management GmbH 0.14% of their portfolio | 356.0k $122.2m | Added +107.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 354.1k $121.5m | Reduced -6.8k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 335.5k $115.1m | Added +18.9k |
| CITIGROUP INC 0.07% of their portfolio | 332.7k $114.2m | Added +99.1k |
| JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio | 320.7k $111.1m | Added +153.5k |
| NATIONAL BANK OF CANADA /FI/ 0.11% of their portfolio | 313.7k $107.7m | Added +81.8k |
| FIFTH THIRD BANCORP 0.20% of their portfolio | 311.8k $107.0m | Added +82.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 310.1k $106.4m | Added +3.1k |
| NATIXIS 0.42% of their portfolio | 304.0k $104.4m | Added +128.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.14% of their portfolio | 296.5k $101.8m | Reduced -368 |
| TRUIST FINANCIAL CORP 0.14% of their portfolio | 293.7k $100.8m | Added +6.3k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.40% of their portfolio | 293.4k $100.7m | Added +33.0k |
| ZACKS INVESTMENT MANAGEMENT 0.80% of their portfolio | 292.2k $100.3m | Reduced -2.3k |
| BLAIR WILLIAM & CO/IL 0.29% of their portfolio | 292.0k $100.2m | Added +7.4k |
| Treasurer of the State of North Carolina 0.31% of their portfolio | 289.4k $99.3m | Added +19.9k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 282.9k $95.2m | Added +18.2k |
| PANAGORA ASSET MANAGEMENT INC 0.36% of their portfolio | 281.2k $96.5m | Reduced -250.5k |
| Penserra Capital Management LLC 1.11% of their portfolio | 275.9k $94.7m | Reduced -54.1k |
| LAZARD ASSET MANAGEMENT LLC 0.15% of their portfolio | 263.2k $90.3m | Reduced -155.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 261.5k $89.7m | Added +42.6k |
| NATIXIS ADVISORS, LLC 0.12% of their portfolio | 256.9k $88.2m | Reduced -26.5k |
| STIFEL FINANCIAL CORP 0.08% of their portfolio | 248.3k $85.2m | Reduced -9.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.12% of their portfolio | 247.8k $85.0m | Reduced -50.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio | 247.0k $84.8m | Reduced -16.9k |
| TD Asset Management Inc 0.06% of their portfolio | 222.9k $76.5m | Added +2.9k |