13F filer · CIK 1722329 ↗
Newport Trust Company, LLC
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$41.79B
−4.8% on the quarter before
Positions
64
2 new · 1 sold out
Top 10
74.4%
of the value
Est. gain
−$1.15B
on stocks held all quarter
Est. return
−2.7%
on those stocks since Q3 2025
Positions as of Dec 31, 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 Q3 2025. Striped tiles are options.
Largest buys
Since Q3 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~$62.3MAdded · 14.4% → 15.3%+286,848 shares
- Sanofi Sa~$37.4MNew · 0.0% → 0.1%+772,199 shares
- Qnity Electronics Inc~$16.1MNew · 0.0% → 0.0%+197,315 shares
- Whirlpool Corp~$16.0MAdded · 0.4% → 0.4%+221,564 shares
- Dillards Inc~$4.3MAdded · 6.3% → 6.6%+7,144 shares
- Bank Ozk Little Rock Ark~$1.5MAdded · 0.1% → 0.1%+32,676 shares
- Belden Inc~$1.1MAdded · 0.1% → 0.1%+9,337 shares
- British Amern Tob Plc~$506,862Added · 0.3% → 0.4%+8,952 shares
- Unisys Corp~$423,878Added · 0.0% → 0.0%+153,579 shares
- Mosaic Co New~$265,906Added · 0.0% → 0.0%+11,038 shares
Largest sells
Since Q3 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.
- Howmet Aerospace Inc~$190.9MSold out · 0.4% → 0.0%−972,823 shares
- Honeywell Technologies~$101.9MCut · 6.6% → 6.2%−522,232 shares
- Ford Mtr Co~$94.5MCut · 3.9% → 4.3%−7,200,811 shares
- Ge Aerospace~$78.8MCut · 6.8% → 7.2%−255,785 shares
- General Dynamics Corp~$78.5MCut · 10.8% → 11.1%−233,289 shares
- Parsons~$75.0MCut · 9.6% → 7.4%−1,213,045 shares
- Delta Air Lines Inc Del~$69.4MCut · 1.2% → 1.4%−1,000,000 shares
- AT&T~$46.4MCut · 11.9% → 10.9%−1,868,518 shares
- Sempra~$43.4MCut · 2.5% → 2.5%−491,932 shares
- S&P Global Inc~$30.4MCut · 1.2% → 1.3%−58,141 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Boeing CoCOM · shares +1.0% · price +0.6% | 15.3% | $6.40B | +$37.7M | ||||||||
| General Dynamics CorpCOM · shares −1.7% · price −1.3% | 11.1% | $4.62B | −$59.6M | ||||||||
| AT&TCOM · shares −1.0% · price −12.0% | 10.9% | $4.56B | −$623.7M | ||||||||
| ParsonsCOM · shares −2.4% · price −25.5% | 7.4% | $3.08B | −$1.05B | ||||||||
| Ge AerospaceCOM NEW · shares −2.6% · price +2.4% | 7.2% | $2.99B | +$70.0M | ||||||||
| Dillards IncCL A · shares +0.2% · price −1.3% | 6.6% | $2.74B | −$36.8M | ||||||||
| Honeywell TechnologiesCOM · shares −3.8% · price −7.3% | 6.2% | $2.59B | −$204.6M | ||||||||
| Ford Mtr CoCOM · shares −5.0% · price +9.7% | 4.3% | $1.80B | +$159.3M | ||||||||
| Walt Disney Company (The)COM · shares −2.4% · price −0.6% | 2.9% | $1.23B | −$7.9M | ||||||||
| GE VernovaCOM · shares −1.1% · price +6.3% | 2.6% | $1.09B | +$64.7M | ||||||||
| SempraCOM · shares −4.0% · price −1.9% | 2.5% | $1.03B | −$19.8M | ||||||||
| 3m CoCOM · shares −3.2% · price +3.2% | 2.2% | $925.9M | +$28.5M | ||||||||
| Woodward IncCOM · shares −3.8% · price +19.6% | 1.4% | $605.3M | +$99.3M | ||||||||
| Capital One Finl CorpCOM · shares −2.6% · price +14.0% | 1.4% | $601.8M | +$73.9M | ||||||||
| Emerson ElectricCOM · shares −3.2% · price +1.2% | 1.4% | $595.1M | +$6.9M | ||||||||
| Delta Air Lines Inc DelCOM NEW · shares −11% · price +22.3% | 1.4% | $570.2M | +$103.9M | ||||||||
| S&P Global IncCOM · shares −5.4% · price +7.4% | 1.3% | $534.5M | +$36.7M | ||||||||
| Johnson Ctls Intl PlcSHS · shares −3.3% · price +8.9% | 1.2% | $510.3M | +$41.8M | ||||||||
| EntergyCOM · shares −1.4% · price −0.8% | 1.2% | $490.9M | −$4.0M | ||||||||
| United Airls Hldgs IncCOM · shares −1.9% · price +15.9% | 0.87% | $365.3M | +$50.0M | ||||||||
| Nike IncCL B · shares −2.2% · price −8.6% | 0.85% | $354.3M | −$33.5M | ||||||||
| Elevance Health Inc FormerlyCOM · shares −1.9% · price +8.5% | 0.84% | $352.3M | +$27.6M | ||||||||
| Hartford Insurance Group IncCOM · shares −2.9% · price +3.3% | 0.81% | $338.9M | +$10.8M | ||||||||
| Darden Restaurants IncCOM · shares −1.5% · price −3.3% | 0.81% | $337.4M | −$11.6M | ||||||||
| Xcel EnergyCOM · shares −3.5% · price −8.4% | 0.66% | $274.6M | −$25.2M | ||||||||
| Total · 64 positions | 100% | $41.79B | −$1.15B |
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 Q3 2025 to Q4 2025: 62 stocks held throughout, down $1.15B (−2.7%).
- Ford Mtr Co+$159.3M+10%
- Delta Air Lines Inc Del+$103.9M+22%
- Woodward Inc+$99.3M+20%
- Capital One Finl Corp+$73.9M+14%
- Warner Bros Discovery Inc+$70.1M+48%
- Dillards Inc−$36.8M−1%
- General Dynamics Corp−$59.6M−1%
- Honeywell Technologies−$204.6M−7%
- AT&T−$623.7M−12%
- Parsons−$1.05B−25%
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 ↗ |