LOCKHEED MARTIN CORP LMT
COM · Common Stock · CUSIP 539830109 · ISIN US5398301094
US aerospace and defense manufacturer
- SectorIndustrials
- IndustryGuided Missiles & Space Vehicles & Parts
- HeadquartersBethesda, MD
- Founded1995
- Websitelockheedmartin.com
- FilingsSEC EDGAR
* 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 ($465.7m this quarter). Holder counts are more reliable. Shares outstanding: 231.4m as of 2025-10-16, 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 ≈ $499.01. Options: 53 managers hold calls ($3.0bn notional), 47 hold puts ($1.8bn).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,134 |
| Q4 2022 | 2,323 |
| Q1 2023 | 2,283 |
| Q2 2023 | 2,309 |
| Q3 2023 | 2,267 |
| Q4 2023 | 2,450 |
| Q1 2024 | 2,420 |
| Q2 2024 | 2,438 |
| Q3 2024 | 2,605 |
| Q4 2024 | 2,697 |
| Q1 2025 | 2,571 |
| Q2 2025 | 2,610 |
| Q3 2025 | 2,585 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 1,073 | 1,007 |
| Q1 2024 | 1,093 | 1,098 |
| Q2 2024 | 1,181 | 988 |
| Q3 2024 | 1,200 | 1,085 |
| Q4 2024 | 1,182 | 1,145 |
| Q1 2025 | 1,152 | 1,261 |
| Q2 2025 | 1,241 | 1,060 |
| Q3 2025 | 1,092 | 1,296 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $1.8bn | $2.0bn | 1.11 |
| Q1 2025 | $1.9bn | $1.6bn | 0.83 |
| Q2 2025 | $2.2bn | $1.6bn | 0.72 |
| Q3 2025 | $3.0bn | $1.8bn | 0.61 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +927.8k |
| CITADEL ADVISORS LLC | Added | +812.8k |
| DEUTSCHE BANK AG\ | Added | +751.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +676.3k |
| Balyasny Asset Management L.P. | Added | +659.7k |
| D. E. Shaw & Co., Inc. | Added | +562.2k |
| Sanders Capital, LLC | New | +506.2k |
| T. Rowe Price Investment Management, Inc. | Added | +442.4k |
| FIRST TRUST ADVISORS LP | Added | +373.0k |
| GOLDMAN SACHS GROUP INC | Added | +323.3k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -2.3m |
| MARSHALL WACE, LLP | Reduced | -814.2k |
| FMR LLC | Reduced | -689.8k |
| Qube Research & Technologies Ltd | Sold out | -689.5k |
| VANGUARD GROUP INC | Reduced | -408.9k |
| BlackRock, Inc. | Reduced | -405.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -365.8k |
| STATE STREET CORP | Reduced | -346.1k |
| LSV ASSET MANAGEMENT | Reduced | -328.6k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -239.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $725.9m1.5m shares |
| CITADEL ADVISORS LLC | Added | $526.0m1.1m shares |
| UBS Group AG | Added | $279.9m560.6k shares |
| JANE STREET GROUP, LLC | Added | $249.1m499.0k shares |
| IMC-Chicago, LLC | Reduced | $196.9m394.4k shares |
| WOLVERINE TRADING, LLC | Added | $112.2m228.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $92.6m185.5k shares |
| SIMPLEX TRADING, LLC | Added | $88.4m177.0k shares |
| GROUP ONE TRADING LLC | Reduced | $85.2m170.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $83.9m168.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $473.3m948.1k shares |
| CITADEL ADVISORS LLC | Added | $313.4m627.8k shares |
| IMC-Chicago, LLC | Added | $190.1m380.9k shares |
| Squarepoint Ops LLC | Added | $166.9m334.3k shares |
| JANE STREET GROUP, LLC | Added | $111.0m222.3k shares |
| Qube Research & Technologies Ltd | Reduced | $62.5m125.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $59.7m121.3k shares |
| Walleye Trading LLC | Added | $51.8m103.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $44.4m89.0k shares |
| D. E. Shaw & Co., Inc. | Added | $41.6m83.3k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 5 | $9.4m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 2 | $3.8m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 3 | $3.9m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| STATE STREET CORP 0.59% of their portfolio | 34.2m $17.1bn | Reduced -346.1k |
| VANGUARD GROUP INC 0.16% of their portfolio | 21.3m $10.6bn | Reduced -408.9k |
| BlackRock, Inc. 0.15% of their portfolio | 16.9m $8.4bn | Reduced -405.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.68% of their portfolio | 8.5m $4.3bn | Added +676.3k |
| MORGAN STANLEY 0.16% of their portfolio | 5.2m $2.6bn | Reduced -113.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.16% of their portfolio | 4.9m $2.4bn | Reduced -139 |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 3.0m $1.5bn | Added +66.0k |
| Capital World Investors 0.19% of their portfolio | 2.9m $1.4bn | Reduced -110.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.21% of their portfolio | 2.4m $1.2bn | Added +79.5k |
| FMR LLC 0.06% of their portfolio | 2.2m $1.1bn | Reduced -689.8k |
| Invesco Ltd. 0.17% of their portfolio | 2.2m $1.1bn | Added +87.7k |
| NORTHERN TRUST CORP 0.13% of their portfolio | 2.1m $1.0bn | Reduced -76.4k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 1.9m $943.1m | Added +927.8k |
| ROYAL BANK OF CANADA 0.15% of their portfolio | 1.7m $870.5m | Reduced -2.3m |
| FRANKLIN RESOURCES INC 0.21% of their portfolio | 1.7m $828.7m | Reduced -87.9k |
| Bank of New York Mellon Corp 0.14% of their portfolio | 1.6m $794.1m | Reduced -46.2k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 1.5m $749.5m | Added +323.3k |
| UBS Group AG 0.14% of their portfolio | 1.4m $698.1m | Reduced -210.0k |
| DEUTSCHE BANK AG\ 0.22% of their portfolio | 1.3m $669.7m | Added +751.6k |
| WELLS FARGO & COMPANY/MN 0.13% of their portfolio | 1.3m $657.3m | Reduced -138.7k |
| STIFEL FINANCIAL CORP 0.57% of their portfolio | 1.3m $629.2m | Added +4.5k |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 1.3m $626.6m | Reduced -52.4k |
| TWO SIGMA ADVISERS, LP 1.18% of their portfolio | 1.2m $589.8m | Added +154.1k |
| Legal & General Group Plc 0.11% of their portfolio | 1.0m $510.7m | Added +63.4k |
| CITADEL ADVISORS LLC 0.38% of their portfolio | 948.7k $473.6m | Added +812.8k |
| T. Rowe Price Investment Management, Inc. 0.26% of their portfolio | 863.2k $430.9m | Added +442.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.65% of their portfolio | 808.4k $403.5m | Added +236.1k |
| BANK OF MONTREAL /CAN/ 0.16% of their portfolio | 739.1k $369.0m | Added +8.0k |
| LPL Financial LLC 0.10% of their portfolio | 716.2k $357.5m | Added +55.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio | 676.5k $337.7m | Reduced -46.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.28% of their portfolio | 674.4k $336.7m | Reduced -56.0k |
| BARCLAYS PLC 0.12% of their portfolio | 672.8k $335.9m | Added +7.8k |
| Balyasny Asset Management L.P. 0.68% of their portfolio | 671.4k $335.2m | Added +659.7k |
| D. E. Shaw & Co., Inc. 0.26% of their portfolio | 641.2k $320.1m | Added +562.2k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 638.3k $313.0m | Reduced -123.1k |
| AQR CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 624.2k $311.6m | Reduced -239.6k |
| RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio | 618.7k $308.8m | Added +12.1k |
| TWO SIGMA INVESTMENTS, LP 0.42% of their portfolio | 549.5k $274.3m | Added +113.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 548.6k $273.9m | Reduced -3.8k |
| VAN ECK ASSOCIATES CORP 0.25% of their portfolio | 541.6k $270.4m | Added +673 |
| California Public Employees Retirement System 0.16% of their portfolio | 539.7k $269.4m | Reduced -186.2k |
| PNC Financial Services Group, Inc. 0.16% of their portfolio | 535.4k $267.3m | Added +55.1k |
| Bahl & Gaynor LLC 1.29% of their portfolio | 518.8k $259.0m | Reduced -15.3k |
| Sanders Capital, LLC 0.31% of their portfolio | 506.2k $252.7m | New |
| FIRST TRUST ADVISORS LP 0.19% of their portfolio | 503.4k $251.3m | Added +373.0k |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 496.4k $247.8m | Reduced -90.4k |
| Nuveen, LLC 0.06% of their portfolio | 488.3k $243.8m | Reduced -16.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 486.5k $242.9m | Added +8.3k |
| National Pension Service 0.19% of their portfolio | 486.2k $242.7m | Added +13.0k |
| CITIGROUP INC 0.16% of their portfolio | 453.7k $226.5m | Reduced -85.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.97% of their portfolio | 451.7k $225.5m | Added +21.0k |
| Allianz Asset Management GmbH 0.27% of their portfolio | 439.9k $219.6m | Reduced -7.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.15% of their portfolio | 425.8k $212.6m | Added +13.2k |
| HighTower Advisors, LLC 0.24% of their portfolio | 420.3k $209.9m | Added +7.1k |
| RHUMBLINE ADVISERS 0.15% of their portfolio | 373.3k $186.4m | Added +8.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio | 358.3k $178.9m | Reduced -116.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 341.7k $170.6m | Added +3.0k |
| Capital Research Global Investors 0.03% of their portfolio | 339.8k $169.6m | Added +568 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 318.5k $159.0m | Reduced -2.6k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.24% of their portfolio | 306.9k $156.8m | Added +104.6k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 2.12% of their portfolio | 297.2k $148.4m | Reduced -2.9k |
| TRUIST FINANCIAL CORP 0.20% of their portfolio | 295.2k $147.4m | Added +14.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 276.6k $138.1m | Reduced -4.0k |
| LSV ASSET MANAGEMENT 0.28% of their portfolio | 255.8k $127.7m | Reduced -328.6k |
| Cetera Investment Advisers 0.15% of their portfolio | 252.8k $126.2m | Added +44.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.42% of their portfolio | 245.2k $122.4m | Reduced -33.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 245.0k $122.3m | Reduced -7.7k |
| CANADA LIFE ASSURANCE Co 0.17% of their portfolio | 238.1k $117.2m | Added +36.8k |
| UniSuper Management Pty Ltd 0.70% of their portfolio | 228.7k $114.2m | Added +2.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.15% of their portfolio | 228.4k $114.0m | Reduced -12.2k |
| Mirae Asset Global Investments Co., Ltd. 0.36% of their portfolio | 227.8k $113.7m | Added +14.4k |
| Brandywine Global Investment Management, LLC 0.78% of their portfolio | 227.1k $113.4m | Reduced -157.3k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 226.1k $112.9m | Reduced -7.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.15% of their portfolio | 224.3k $112.0m | Reduced -20.3k |
| CAPTRUST FINANCIAL ADVISORS 0.23% of their portfolio | 222.1k $110.9m | Reduced -3.6k |
| YACKTMAN ASSET MANAGEMENT LP 1.49% of their portfolio | 216.9k $108.3m | Reduced -5.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 210.3k $105.0m | Reduced -52.0k |
| Point72 Asset Management, L.P. 0.22% of their portfolio | 206.9k $103.3m | New |
| NATIONAL BANK OF CANADA /FI/ 0.11% of their portfolio | 202.4k $101.0m | Reduced -12.5k |
| Rathbones Group PLC 0.41% of their portfolio | 201.2k $100.4m | Reduced -356 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.32% of their portfolio | 192.0k $95.8m | Added +87.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.17% of their portfolio | 190.5k $95.1m | Reduced -10.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.15% of their portfolio | 186.8k $93.2m | Reduced -4.2k |
| Corient Private Wealth LP 0.14% of their portfolio | 184.7k $92.2m | Reduced -18.1k |
| PRUDENTIAL FINANCIAL INC 0.11% of their portfolio | 182.9k $91.3m | Reduced -170.9k |
| Scharf Investments, LLC 2.28% of their portfolio | 181.8k $90.8m | Reduced -12.5k |
| M&T Bank Corp 0.30% of their portfolio | 179.7k $89.7m | Reduced -11.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 178.3k $89.0m | Reduced -13.9k |
| Chevy Chase Trust Holdings, LLC 0.24% of their portfolio | 177.0k $88.4m | Reduced -5.6k |
| Focused Investors LLC 2.62% of their portfolio | 171.7k $85.7m | Added +6.8k |
| JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio | 166.2k $81.3m | Added +21.4k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 162.8k $81.1m | Added +22.8k |
| Cerity Partners LLC 0.12% of their portfolio | 154.0k $76.9m | Reduced -13.1k |
| Creative Planning 0.06% of their portfolio | 152.3k $76.0m | Added +32.9k |
| MACKENZIE FINANCIAL CORP 0.09% of their portfolio | 151.3k $75.5m | Added +10.9k |
| Korea Investment CORP 0.15% of their portfolio | 149.6k $74.7m | Reduced -28.1k |
| BANK OF NOVA SCOTIA 0.13% of their portfolio | 146.0k $72.9m | Added +55.5k |
| COMMERCE BANK 0.40% of their portfolio | 145.0k $72.4m | Reduced -8.2k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 140.9k $70.4m | Added +10.9k |
| OSAIC HOLDINGS, INC. 0.09% of their portfolio | 138.5k $65.8m | Added +8.9k |