13F filer · CIK 1722329 ↗
Newport Trust Company, LLC
You are looking at Q3 2025. See the latest, Q2 2026 →
Reported value
$43.91B
+5.4% on the quarter before
Positions
63
0 new · 1 sold out
Top 10
75.8%
of the value
Est. gain
+$2.97B
on stocks held all quarter
Est. return
+7.3%
on those stocks since Q2 2025
Positions as of Sep 30, 2025, from Newport Trust Company, LLC's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q2 2025. Striped tiles are options.
Largest buys
Since Q2 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Boeing Co~$152.7MAdded · 14.3% → 14.4%+707,490 shares
- Whirlpool Corp~$8.8MAdded · 0.5% → 0.4%+112,579 shares
- Goodyear Tire & Rubr Co~$1.2MAdded · 0.1% → 0.1%+160,081 shares
- Waters Corp~$637,096Added · 0.2% → 0.1%+2,125 shares
- Belden Inc~$399,417Added · 0.1% → 0.1%+3,321 shares
- Best Buy Inc~$160,088Added · 0.2% → 0.2%+2,117 shares
- Fortis Inc~$13,344Added · 0.0% → 0.0%+263 shares
Largest sells
Since Q2 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- General Dynamics Corp~$156.3MCut · 10.1% → 10.8%−458,486 shares
- Honeywell Technologies~$96.3MCut · 8.0% → 6.6%−457,376 shares
- Dillards Inc~$95.3MCut · 4.7% → 6.3%−155,158 shares
- Parsons~$92.8MCut · 9.0% → 9.6%−1,119,023 shares
- Latam Airlines Group Sa~$75.1MCut · 0.5% → 0.4%−1,660,062 shares
- Sempra~$55.8MCut · 2.3% → 2.5%−620,492 shares
- AT&T~$50.0MCut · 13.0% → 11.9%−1,770,655 shares
- Ford Mtr Co~$46.5MCut · 3.9% → 3.9%−3,890,050 shares
- Ge Aerospace~$37.1MCut · 6.2% → 6.8%−123,456 shares
- Walgreens Boots Alliance Inc~$32.3MSold out · 0.1% → 0.0%−2,814,702 shares
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Boeing CoCOM · shares +2.5% · price +3.0% | 14.4% | $6.30B | +$179.5M | ||||||||
| AT&TCOM · shares −0.9% · price −2.4% | 11.9% | $5.23B | −$129.7M | ||||||||
| General Dynamics CorpCOM · shares −3.2% · price +16.9% | 10.8% | $4.76B | +$688.7M | ||||||||
| ParsonsCOM · shares −2.1% · price +15.5% | 9.6% | $4.23B | +$568.8M | ||||||||
| Ge AerospaceCOM NEW · shares −1.2% · price +16.9% | 6.8% | $3.00B | +$432.5M | ||||||||
| Honeywell TechnologiesCOM · shares −3.2% · price −9.6% | 6.6% | $2.90B | −$308.8M | ||||||||
| Dillards IncCL A · shares −3.3% · price +47.1% | 6.3% | $2.77B | +$888.1M | ||||||||
| Ford Mtr CoCOM · shares −2.6% · price +10.2% | 3.9% | $1.73B | +$160.5M | ||||||||
| Walt Disney Company (The)COM · shares −1.5% · price −7.7% | 2.9% | $1.27B | −$105.4M | ||||||||
| SempraCOM · shares −4.8% · price +18.8% | 2.5% | $1.10B | +$173.5M | ||||||||
| GE VernovaCOM · shares −1.3% · price +16.2% | 2.4% | $1.04B | +$145.0M | ||||||||
| 3m CoCOM · shares −3.0% · price +1.9% | 2.1% | $926.8M | +$17.6M | ||||||||
| Emerson ElectricCOM · shares −2.7% · price −1.6% | 1.4% | $607.4M | −$10.0M | ||||||||
| Capital One Finl CorpCOM · shares −0.5% · price −0.1% | 1.2% | $542.0M | −$458,915 | ||||||||
| S&P Global IncCOM · shares −0.3% · price −7.7% | 1.2% | $526.1M | −$43.9M | ||||||||
| Woodward IncCOM · shares −2.0% · price +3.1% | 1.2% | $525.7M | +$15.9M | ||||||||
| Delta Air Lines Inc DelCOM NEW · shares 0% · price +15.4% | 1.2% | $523.0M | +$69.8M | ||||||||
| EntergyCOM · shares −1.5% · price +12.1% | 1.1% | $501.9M | +$54.2M | ||||||||
| Johnson Ctls Intl PlcSHS · shares −1.4% · price +4.1% | 1.1% | $484.4M | +$19.1M | ||||||||
| Nike IncCL B · shares −1.3% · price −1.8% | 0.90% | $396.5M | −$7.4M | ||||||||
| Darden Restaurants IncCOM · shares −0.2% · price −12.7% | 0.81% | $354.2M | −$51.4M | ||||||||
| Hartford Insurance Group IncCOM · shares −1.5% · price +5.1% | 0.77% | $337.8M | +$16.5M | ||||||||
| Elevance Health Inc FormerlyCOM · shares −2.1% · price −16.9% | 0.75% | $330.9M | −$67.4M | ||||||||
| United Airls Hldgs IncCOM · shares −2.5% · price +21.2% | 0.73% | $321.4M | +$56.2M | ||||||||
| Xcel EnergyCOM · shares −1.5% · price +18.4% | 0.71% | $310.7M | +$48.3M | ||||||||
| Total · 63 positions | 100% | $43.91B | +$2.97B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q2 2025 to Q3 2025: 63 stocks held throughout, up $2.97B (+7.3%).
- Dillards Inc+$888.1M+47%
- General Dynamics Corp+$688.7M+17%
- Parsons+$568.8M+16%
- Ge Aerospace+$432.5M+17%
- Boeing Co+$179.5M+3%
- Darden Restaurants Inc−$51.4M−13%
- Elevance Health Inc Formerly−$67.4M−17%
- Walt Disney Company (The)−$105.4M−8%
- AT&T−$129.7M−2%
- Honeywell Technologies−$308.8M−10%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 13, 2026 | $41.48B+2% | SEC ↗ |
| Q1 2026 | May 14, 2026 | $40.73B−3% | SEC ↗ |
| Q4 2025 | Feb 6, 2026 | $41.79B−5% | SEC ↗ |
| Q3 2025 | Oct 31, 2025 | $43.91B+5% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $41.65B+7% | SEC ↗ |
| Q1 2025 | May 14, 2025 | $39.00B−6% | SEC ↗ |
| Q4 2024 | Feb 13, 2025 | $41.27B+0% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $41.24B+4% | SEC ↗ |
| Q2 2024 | Aug 13, 2024 | $39.81B+8% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $36.80B−2% | SEC ↗ |
| Q4 2023 | Feb 9, 2024 | $37.50B+15% | SEC ↗ |
| Q3 2023 | Nov 8, 2023 | $32.50B−5% | SEC ↗ |
| Q2 2023 | Aug 9, 2023 | $34.26B−5% | SEC ↗ |
| Q1 2023 | May 9, 2023 | $36.15B+0% | SEC ↗ |
| Q4 2022 | Feb 3, 2023 | $36.02B+22% | SEC ↗ |
| Q3 2022 | Nov 1, 2022 | $29.57B−4% | SEC ↗ |
| Q2 2022 | Aug 9, 2022 | $30.91B−14% | SEC ↗ |
| Q1 2022 | May 10, 2022 | $35.73B−4% | SEC ↗ |
| Q4 2021 | Feb 11, 2022 | $37.09B+1% | SEC ↗ |
| Q3 2021 | Nov 5, 2021 | $36.83B−7% | SEC ↗ |
| Q2 2021 | Aug 9, 2021 | $39.55B−2% | SEC ↗ |
| Q1 2021 | May 7, 2021 | $40.19B+11% | SEC ↗ |
| Q4 2020 | Feb 8, 2021 | $36.33B+27% | SEC ↗ |
| Q3 2020 | Nov 9, 2020 | $28.68B+5% | SEC ↗ |
| Q2 2020 | Aug 11, 2020 | $27.40B+13% | SEC ↗ |
| Q1 2020 | May 14, 2020 | $24.30B−35% | SEC ↗ |
| Q4 2019 | Feb 5, 2020 | $37.27B−1% | SEC ↗ |
| Q3 2019 | Nov 4, 2019 | $37.60B+2% | SEC ↗ |
| Q2 2019 | Aug 12, 2019 | $36.97B+11% | SEC ↗ |
| Q1 2019 | May 2, 2019 | $33.35B+9% | SEC ↗ |
| Q4 2018 | Feb 4, 2019 | $30.71B−15% | SEC ↗ |
| Q3 2018 | Nov 9, 2018 | $36.01B+5% | SEC ↗ |
| Q2 2018 | Jul 27, 2018 | $34.43B−3% | SEC ↗ |
| Q1 2018 | May 4, 2018 | $35.54B−1% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $35.89B | SEC ↗ |