Vault-13

LEONARDO DRS INC DRS

COM · Common Stock · CUSIP 52661A108 · ISIN US52661A1088

US based defense contractor

172 institutional holders -5 vs Q1 2024
69,768,04069.8m shares reported held*
26.5% of all shares outstanding*
$1.8bnreported value*
23 new 69 added 53 reduced 29 sold out net bought ≈ $11.6m (+454.4k shares)

* 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 ($1.4m this quarter). Holder counts are more reliable. Shares outstanding: 263.7m as of 2024-07-29, 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 ≈ $25.51. Options: 9 managers hold calls ($5.7m notional), 9 hold puts ($12.1m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q4 22: 107Q1 23: 123Q2 23: 118Q3 23: 126Q4 23: 161Q1 24: 177Q2 24: 172172Q4 22Q2 23Q4 23Q2 24
Numbers
QuarterHolders
Q4 2022107
Q1 2023123
Q2 2023118
Q3 2023126
Q4 2023161
Q1 2024177
Q2 2024172

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 23: 77 bought or addedQ1 23: 49 cut or sold outQ1 23Q2 23: 69 bought or addedQ2 23: 73 cut or sold outQ2 23Q3 23: 66 bought or addedQ3 23: 49 cut or sold outQ3 23Q4 23: 105 bought or addedQ4 23: 39 cut or sold outQ4 23Q1 24: 97 bought or addedQ1 24: 70 cut or sold outQ1 24Q2 24: 92 bought or addedQ2 24: 82 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q1 20237749
Q2 20236973
Q3 20236649
Q4 202310539
Q1 20249770
Q2 20249282

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ3 23 calls: $27.0mQ3 23 puts: $10.2mQ3 23P/C 0.38Q4 23 calls: $23.6mQ4 23 puts: $9.5mQ4 23P/C 0.40Q1 24 calls: $14.8mQ1 24 puts: $10.5mQ1 24P/C 0.71Q2 24 calls: $5.7mQ2 24 puts: $12.1mQ2 24P/C 2.13
Numbers
QuarterCallsPutsP/C
Q3 2023$27.0m$10.2m0.38
Q4 2023$23.6m$9.5m0.40
Q1 2024$14.8m$10.5m0.71
Q2 2024$5.7m$12.1m2.13

Biggest buyers

MACQUARIE GROUP LTD Added +711,054+711.1k
T. Rowe Price Investment Management, Inc. Added +709,452+709.5k
DIMENSIONAL FUND ADVISORS LP New +663,097+663.1k
Invesco Ltd. Added +560,430+560.4k
WELLINGTON MANAGEMENT GROUP LLP Added +508,993+509.0k
JACOBS LEVY EQUITY MANAGEMENT, INC Added +478,854+478.9k
VAN ECK ASSOCIATES CORP New +434,836+434.8k
TEACHER RETIREMENT SYSTEM OF TEXAS New +285,370+285.4k
SILVERCREST ASSET MANAGEMENT GROUP LLC Added +265,469+265.5k
JANUS HENDERSON GROUP PLC Added +237,062+237.1k

Biggest sellers

Boston Partners Reduced -1,279,451-1.3m
STATE STREET CORP Reduced -1,047,591-1.0m
MORGAN STANLEY Reduced -637,892-637.9k
INTRINSIC EDGE CAPITAL MANAGEMENT LLC Sold out -354,998-355.0k
AWM Investment Company, Inc. Reduced -334,400-334.4k
MILLENNIUM MANAGEMENT LLC Reduced -277,222-277.2k
VICTORY CAPITAL MANAGEMENT INC Reduced -252,745-252.7k
Stephens Investment Management Group LLC Reduced -238,251-238.3k
Informed Momentum Co LLC Sold out -234,278-234.3k
BlackRock Inc. Reduced -232,113-232.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.6m101.0k shares
SIMPLEX TRADING, LLC Reduced $846.0k33.2k shares
GROUP ONE TRADING LLC Reduced $665.8k26.1k shares
CITADEL ADVISORS LLC Reduced $650.5k25.5k shares
WOLVERINE TRADING, LLC New $449.0k17.6k shares
PEAK6 Investments LLC Reduced $237.2k9.3k shares
Walleye Trading LLC Reduced $229.6k9.0k shares
Walleye Capital LLC Reduced $23.0k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.5m138.4k shares
GROUP ONE TRADING LLC Reduced $3.1m121.4k shares
SIMPLEX TRADING, LLC Added $1.8m70.8k shares
CITADEL ADVISORS LLC Reduced $1.7m67.3k shares
Hudson Bay Capital Management LP New $1.2m47.0k shares
Walleye Trading LLC Reduced $285.7k11.2k shares
WOLVERINE TRADING, LLC Reduced $273.0k10.7k shares
Walleye Capital LLC Added $199.0k7.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Insider purchases and sales in Q2 2024

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.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 7,492,4237.5m $191.1m $191.1m 0.00% Reduced -61.9k -61,898
2 T. Rowe Price Investment Management, Inc. 0.10% of their portfolio BALTIMORE, MD 5,990,0726.0m $152.8m $152.8m 0.10% Added +709.5k +709,452
3 BlackRock Inc. 0.00% of their portfolio New York, NY 5,642,2485.6m $143.9m $143.9m 0.00% Reduced -232.1k -232,113
4 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 4,192,0264.2m $106.9m $106.9m 0.04% Added +123.4k +123,388
5 MACQUARIE GROUP LTD 0.11% of their portfolio Sydney, NSW 2000, C3 3,605,8623.6m $92.0m $92.0m 0.11% Added +711.1k +711,054
6 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.55% of their portfolio NEW YORK, NY 3,119,2593.1m $79.6m $79.6m 0.55% Added +265.5k +265,469
7 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 3,088,1833.1m $78.8m $78.8m 0.02% Added +560.4k +560,430
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,074,0043.1m $78.4m $78.4m 0.00% Reduced -1.0m -1,047,591
9 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 2,363,6482.4m $60.3m $60.3m 0.01% Added +183.3k +183,301
10 Driehaus Capital Management LLC 0.56% of their portfolio Chicago, IL 2,281,5462.3m $58.2m $58.2m 0.56% Added +102.2k +102,198
11 FMR LLC 0.00% of their portfolio BOSTON, MA 2,000,1482.0m $51.0m $51.0m 0.00% Added +205 +205
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,864,3621.9m $47.6m $47.6m 0.00% Added +172.2k +172,206
13 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,796,1831.8m $45.8m $45.8m 0.01% Added +509.0k +508,993
14 ROYCE & ASSOCIATES LP 0.41% of their portfolio New York, NY 1,716,1101.7m $43.8m $43.8m 0.41% Reduced -32.9k -32,920
15 BROWN ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 1,469,0911.5m $37.5m $37.5m 0.05% Reduced -17.7k -17,716
16 Stephens Investment Management Group LLC 0.40% of their portfolio LITTLE ROCK, AR 1,122,9431.1m $28.6m $28.6m 0.40% Reduced -238.3k -238,251
17 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,063,2431.1m $27.1m $27.1m 0.01% Added +93.8k +93,799
18 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 1,030,1501.0m $26.3m $26.3m 0.04% Reduced -6.2k -6,154
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 930,321930.3k $23.7m $23.7m 0.00% Added +90.3k +90,270
20 KENNEDY CAPITAL MANAGEMENT LLC 0.43% of their portfolio ST LOUIS, MO 788,814788.8k $20.1m $20.1m 0.43% Added +20.7k +20,651
21 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 739,119739.1k $18.9m $18.9m 0.03% Reduced -81.1k -81,067
22 NORGES BANK 0.00% of their portfolio OSLO, Q8 737,114737.1k $18.8m $18.8m 0.00% Reduced -47.6k -47,578
23 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 682,077682.1k $17.4m $17.4m 0.01% Added +218.0k +218,034
24 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 668,697668.7k $17.1m $17.1m 0.02% Added +5.0k +4,993
25 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 663,097663.1k $16.9m $16.9m 0.00% New
26 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 600,551600.6k $15.3m $15.3m 0.00% Added +227 +227
27 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 549,269549.3k $14.0m $14.0m 0.01% Added +134.4k +134,381
28 JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio FLORHAM PARK, NJ 536,634536.6k $13.7m $13.7m 0.06% Added +478.9k +478,854
29 PHILADELPHIA TRUST CO 1.04% of their portfolio PHILADELPHIA, PA 525,576525.6k $13.4m $13.4m 1.04% Added +2.3k +2,321
30 VAN ECK ASSOCIATES CORP 0.02% of their portfolio NEW YORK, NY 434,836434.8k $11.1m $11.1m 0.02% New
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 376,750376.8k $9.6m $9.6m 0.00% Reduced -637.9k -637,892
32 First Eagle Investment Management, LLC 0.02% of their portfolio NEW YORK, NY 374,985375.0k $9.6m $9.6m 0.02% Added +7.5k +7,500
33 ESSEX INVESTMENT MANAGEMENT CO LLC 1.78% of their portfolio BOSTON, MA 373,996374.0k $9.5m $9.5m 1.78% Added +47.9k +47,868
34 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 363,410363.4k $9.3m $9.3m 0.02% Reduced -1.3k -1,329
35 HERALD INVESTMENT MANAGEMENT Ltd 1.46% of their portfolio LONDON, X0 350,000350.0k $8.9m $8.9m 1.46% Unchanged
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 315,335315.3k $8.0m $8.0m 0.00% Added +27.2k +27,245
37 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 300,457300.5k $7.7m $7.7m 0.01% Added +111.7k +111,720
38 Y.D. More Investments Ltd 0.78% of their portfolio Ramat Gan, L3 298,000298.0k $7.6m $7.6m 0.78% Unchanged
39 TEACHER RETIREMENT SYSTEM OF TEXAS 0.04% of their portfolio AUSTIN, TX 285,370285.4k $7.3m $7.3m 0.04% New
40 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 278,258278.3k $7.1m $7.1m 0.00% Added +237.1k +237,062
41 Moody Aldrich Partners LLC 1.36% of their portfolio MARBLEHEAD, MA 273,065273.1k $7.0m $7.0m 1.36% Reduced -179.0k -178,956
42 AWM Investment Company, Inc. 0.83% of their portfolio NEW YORK, NY 240,741240.7k $6.1m $6.1m 0.83% Reduced -334.4k -334,400
43 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 234,257234.3k $6.0m $6.0m 0.01% Added +46.4k +46,364
44 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 226,179226.2k $5.8m $5.8m 0.01% Reduced -903 -903
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 184,064184.1k $4.7m $4.7m 0.00% Reduced -20.7k -20,710
46 Madison Asset Management, LLC 0.05% of their portfolio MADISON, WI 172,924172.9k $4.4m $4.4m 0.05% Reduced -15.8k -15,818
47 Swiss National Bank 0.00% of their portfolio ZURICH, V8 155,300155.3k $4.0m $4.0m 0.00% Unchanged
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 147,446147.4k $3.8m $3.8m 0.00% Reduced -102.4k -102,380
49 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 135,479135.5k $3.5m $3.5m 0.00% Added +27.5k +27,471
50 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 134,181134.2k $3.4m $3.4m 0.00% Reduced -28.6k -28,648
51 Legato Capital Management LLC 0.44% of their portfolio San Francisco, CA 126,734126.7k $3.2m $3.2m 0.44% Unchanged
52 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 122,162122.2k $3.1m $3.1m 0.01% Reduced -23.4k -23,429
53 Motley Fool Asset Management LLC 0.20% of their portfolio ALEXANDRIA, VA 120,832120.8k $3.1m $3.1m 0.20% Reduced -16.0k -16,016
54 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 110,904110.9k $2.8m $2.8m 0.00% Added +79.1k +79,102
55 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 106,212106.2k $2.7m $2.7m 0.00% Added +15.6k +15,614
56 Legal & General Group Plc 0.00% of their portfolio London, X0 102,224102.2k $2.6m $2.6m 0.00% Added +8.9k +8,919
57 Tower View Wealth Management LLC 1.48% of their portfolio SHOREWOOD, WI 101,274101.3k $2.6m $2.6m 1.48% Added +124 +124
58 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 99,70999.7k $2.5m $2.5m 0.00% Added +10.5k +10,492
59 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 98,38298.4k $2.5m $2.5m 0.00% Added +37.7k +37,726
60 EAGLE GLOBAL ADVISORS LLC 0.13% of their portfolio Houston, TX 94,00094.0k $2.4m $2.4m 0.13% Unchanged
61 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 93,90793.9k $2.4m $2.4m 0.00% Reduced -277.2k -277,222
62 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 91,01991.0k $2.3m $2.3m 0.00% Added +169 +169
63 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 90,54890.5k $2.3m $2.3m 0.01% Added +16.9k +16,896
64 Archon Capital Management LLC 2.53% of their portfolio Seattle, WA 85,34285.3k $2.2m $2.2m 2.53% New
65 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 83,79483.8k $2.1m $2.1m 0.01% New
66 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 83,51983.5k $2.1m $2.1m 0.03% Reduced -185.6k -185,604
67 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 78,85878.9k $2.0m $2.0m 0.00% New
68 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 78,75478.8k $2.0m $2.0m 0.00% Added +29.9k +29,898
69 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 76,48976.5k $2.0m $2.0m 0.00% Reduced -1.2k -1,215
70 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 75,44175.4k $1.9m $1.9m 0.00% Added +17.2k +17,215
71 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 71,76671.8k $1.8m $1.8m 0.00% Reduced -42.2k -42,201
72 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 70,70870.7k $1.8m $1.8m 0.00% Reduced -42.5k -42,544
73 Penn Capital Management Company, LLC 0.17% of their portfolio PHILADELPHIA, PA 68,18168.2k $1.8m $1.8m 0.17% Added +16.7k +16,731
74 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 66,26866.3k $1.7m $1.7m 0.00% Reduced -1.9k -1,879
75 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 64,91364.9k $1.7m $1.7m 0.00% Reduced -13.4k -13,428
76 Boston Partners 0.00% of their portfolio BOSTON, MA 64,64464.6k $1.6m $1.6m 0.00% Reduced -1.3m -1,279,451
77 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 58,98459.0k $1.5m $1.5m 0.00% Reduced -49 -49
78 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 55,36155.4k $1.4m $1.4m 0.00% Added +26.2k +26,185
79 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 54,41154.4k $1.4m $1.4m 0.00% Added +51.3k +51,309
80 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 48,62648.6k $1.2m $1.2m 0.00% Added +3.0k +2,958
81 Oliver Luxxe Assets LLC 0.25% of their portfolio GLADSTONE, NJ 46,81946.8k $1.2m $1.2m 0.25% Added +1.1k +1,078
82 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 46,50046.5k $1.2m $1.2m 0.01% Added +1.0k +1,000
83 MRP Capital Investments, LLC 1.08% of their portfolio ALPHARETTA, GA 45,36645.4k $1.2m $1.2m 1.08% Added +231 +231
84 UBS Group AG 0.00% of their portfolio ZURICH, V8 43,89843.9k $1.1m $1.1m 0.00% Reduced -58.4k -58,364
85 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 42,72742.7k $1.1m $1.1m 0.01% Added +6.2k +6,200
86 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 42,03442.0k $1.1m $1.1m 0.00% New
87 Corebridge Financial, Inc. 0.01% of their portfolio HOUSTON, TX 39,60939.6k $1.0m $1.0m 0.01% First filing
88 Ledgewood Wealth Advisors, LLC 0.86% of their portfolio EXETER, NH 39,15039.1k $998.7k $998.7k 0.86% Reduced -500 -500
89 Vident Advisory, LLC 0.03% of their portfolio Alpharetta, GA 38,75838.8k $988.7k $988.7k 0.03% Added +9.7k +9,689
90 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 36,85036.9k $940.0k $940.0k 0.00% Added +400 +400
91 JT Stratford LLC 0.17% of their portfolio GAINESVILLE, GA 35,45935.5k $904.6k $904.6k 0.17% Reduced -3.8k -3,801
92 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 34,16734.2k $871.6k $871.6k 0.00% First filing
93 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 33,69733.7k $859.6k $859.6k 0.00% Reduced -10.9k -10,886
94 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 33,52533.5k $855.2k $855.2k 0.00% Reduced -18.1k -18,050
95 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 32,27932.3k $823.4k $823.4k 0.00% Added +4.0k +4,012
96 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 31,99532.0k $816.2k $816.2k 0.00% Reduced -3.5k -3,498
97 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 31,67231.7k $816.0k $816.0k 0.00% New
98 Versor Investments LP 0.14% of their portfolio New York, NY 30,11330.1k $768.2k $768.2k 0.14% Reduced -21.3k -21,332
99 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 29,68129.7k $757.0k $757.0k 0.02% Added +14.3k +14,309
100 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 28,17328.2k $718.7k $718.7k 0.00% Reduced -12.4k -12,429