Lockheed Martin Investment Management Co.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Lockheed Martin Investment Management Co. reported 115 stock positions worth $2.7 billion. Its top holding was Vanguard Tot World STK ETF (VT) at 8.1% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 7.9%) and Vanguard S&P 500 ETF (VOO, 7.0%). Compared with Q2 2025, it opened 7 new positions, sold out of 5, added to 30 and reduced 68. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +257%) and the biggest sale Broadcom (AVGO, shares −44%).

Most Recent 13F
Q2 2026
Location
BETHESDA, MD
CIK
0000897599
Portfolio Value
$2.7B (Q3 2025)
SEC Filing
0001420506-25-002940 ↗ filed Oct 30, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.7B Q2 2024 Q3 2024: $2.2B Q3 2024 Q4 2024: $2.5B Q4 2024 Q1 2025: $2.5B Q1 2025 Q2 2025: $2.7B Q2 2025 Q3 2025: $2.7B $2.7B Q3 2025 Q4 2025: $3.0B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $2.5B Q2 2026

Holdings 115 stocks · $2.7B
VT Vanguard Tot World STK ETF 8.09% 1,595,000 $219.8M No change
AGG iShares Core U.S. Aggregate 7.88% 2,135,000 $214.0M Add +3.4%
VOO Vanguard S&P 500 ETF 6.99% 310,000 $189.8M Reduce -1.3%
NVDA Nvidia Corp. 5.99% 871,630 $162.6M Reduce -26.7%
MSFT Microsoft Corp. 5.01% 262,690 $136.1M Reduce -21.4%
AAPL Apple Inc. 4.63% 493,180 $125.6M Reduce -27.3%
JPM JPMorgan Chase & Co. 2.98% 256,450 $80.9M Reduce -3.6%
VEA Vanguard Ftse Developed ETF 2.76% 1,250,000 $74.9M No change
IVOO Vanguard S&P Mid-Cap 400 ETF 2.68% 660,000 $72.9M Reduce -12.0%
IEMG iShares Core MSCI Emerging 2.45% 1,010,000 $66.6M Reduce -0.7%
IEFA iShares Core MSCI Eafe ETF 2.38% 741,000 $64.7M Reduce -1.3%
AVGO Broadcom Inc. 2.32% 191,100 $63.0M Reduce -44.0%
GOOGL Alphabet Inc. Class A 1.99% 222,100 $54.0M Add +22.1%
BND Vanguard Total Bond Market 1.97% 720,000 $53.5M No change
TSM Taiwan Semiconductor-SP ADR 1.83% 177,900 $49.7M Add +256.5%
JNJ Johnson & Johnson 1.65% 241,700 $44.8M Add +13.2%
AMZN Amazon.com Inc. 1.43% 176,450 $38.7M Add +28.6%
WMT Walmart Inc. 1.35% 356,720 $36.8M Add +5.7%
TSLA Tesla Inc. 1.32% 80,500 $35.8M Add +0.5%
DUK Duke Energy Corp. 1.25% 274,630 $34.0M Add +11.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.20% 629,610 $32.5M Add +15.9%
VGLT Vanguard Long-Term Treasury 1.15% 550,000 $31.3M No change
MO Altria Group Inc. 1.13% 464,000 $30.7M Add +76.4%
META Meta Platforms Inc. Class A 1.10% 40,630 $29.8M Reduce -34.9%
PG The Procter & Gamble Co. 1.09% 192,470 $29.6M Reduce -22.6%
GEV GE Vernova Inc. 1.08% 47,800 $29.4M Reduce -54.4%
KO The Coca-Cola Co. 1.07% 436,345 $28.9M Reduce -13.2%
GOVT iShares US Treasury Bond ETF 1.06% 1,250,000 $28.9M Add +31.6%
VZ Verizon Communications Inc. 0.96% 590,100 $25.9M Add +1.5%
BTI British American Tob-SP ADR 0.82% 421,800 $22.4M Add +44.3%
NGG National Grid PLC-SP ADR 0.76% 282,100 $20.5M Add +191.7%
T AT&T Inc. 0.75% 719,400 $20.3M Reduce -32.6%
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.74% 938,100 $20.2M No change
COST Costco Wholesale Corp. 0.73% 21,400 $19.8M Add +120.6%
HD Home Depot Inc. 0.61% 41,030 $16.6M Reduce -3.6%
CME Cme Group Inc. 0.53% 52,990 $14.3M Reduce -3.6%
SO The Southern Co. 0.52% 149,970 $14.2M Reduce -30.5%
WFC Wells Fargo & Co. 0.51% 164,200 $13.8M Reduce -26.0%
RTX RTX Corp. 0.49% 79,210 $13.3M Reduce -3.6%
XOM Exxon Mobil Corp. 0.48% 116,700 $13.2M Reduce -41.4%
DBC Invesco DB Commodity Index T 0.48% 580,000 $13.1M Reduce -12.6%
UNP Union Pacific Corp. 0.47% 54,410 $12.9M Reduce -3.5%
IBN Icici Bank Ltd.-Spon ADR 0.47% 422,200 $12.8M Add +577.7%
PM Philip Morris International 0.45% 75,400 $12.2M Reduce -34.5%
MRK Merck & Co. Inc. 0.44% 141,300 $11.9M Add +3.8%
ORCL Oracle Corp. 0.43% 41,840 $11.8M Reduce -9.7%
AEP American Electric Power 0.41% 99,600 $11.2M Add +7.4%
TXN Texas Instruments Inc. 0.41% 60,320 $11.1M Reduce -3.5%
NVS Novartis AG-Sponsored ADR 0.40% 85,200 $10.9M Add +15.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.40% 38,300 $10.8M Add +25.6%
CSCO Cisco Systems Inc. 0.39% 156,110 $10.7M Add +18.7%
PEP Pepsico Inc. 0.39% 75,750 $10.6M Add +2.7%
GOOG Alphabet Inc. Class C 0.38% 42,500 $10.4M Add +658.9%
OEF iShares S&P 100 ETF 0.37% 30,000 $10.0M No change
PFE Pfizer Inc. 0.37% 391,100 $10.0M Add +437.2%
HIG Hartford Insurance Group Inc. 0.37% 74,660 $10.0M Reduce -3.6%
VTWO Vanguard Russell 2000 ETF 0.36% 100,000 $9.8M No change
ABBV Abbvie Inc. 0.34% 40,310 $9.3M Reduce -43.0%
UNH Unitedhealth Group Inc. 0.34% 26,570 $9.2M Add +3.2%
LLY Eli Lilly & Co. 0.33% 11,770 $9.0M Reduce -70.0%
NOC Northrop Grumman Corp. 0.33% 14,650 $8.9M Reduce -3.7%
PDBC Invesco Optimum Yield Divers 0.32% 650,000 $8.7M No change
ITW Illinois Tool Works 0.32% 33,170 $8.6M Reduce -3.6%
BRK.B Berkshire Hathaway Inc. Class B 0.31% 16,900 $8.5M Reduce -74.5%
CMG Chipotle Mexican Grill Inc. 0.30% 210,050 $8.2M Reduce -3.6%
MCK McKesson Corp. 0.30% 10,500 $8.1M Add +19.3%
CRM Salesforce Inc. 0.27% 31,050 $7.4M Add +1.0%
V Visa Inc. Class A 0.27% 21,200 $7.2M Reduce -3.5%
USB US Bancorp 0.26% 147,690 $7.1M New
CVX Chevron Corp. 0.26% 45,380 $7.0M Reduce -3.4%
EWC iShares MSCI Canada ETF 0.25% 134,800 $6.8M No change
MA Mastercard Inc. Class A 0.25% 11,840 $6.7M Reduce -3.6%
NFLX Netflix Inc. 0.25% 5,600 $6.7M Reduce -3.5%
ADBE Adobe Inc. 0.24% 18,560 $6.5M Add +1.5%
MAR Marriott International Class A 0.22% 22,880 $6.0M Reduce -3.6%
CEG Constellation Energy 0.21% 17,000 $5.6M Reduce -44.6%
TMO Thermo Fisher Scientific Inc. 0.20% 11,160 $5.4M Add +45.3%
DHR Danaher Corp. 0.18% 25,340 $5.0M Add +49.4%
BSX Boston Scientific Corp. 0.18% 48,710 $4.8M Reduce -3.6%
AMT American Tower Corp. 0.15% 21,820 $4.2M Reduce -3.5%
EW Edwards Lifesciences Corp. 0.15% 53,580 $4.2M Reduce -3.5%
HON Honeywell International Inc. 0.15% 19,700 $4.1M New
BCS Barclays PLC-Spons ADR 0.15% 196,700 $4.1M Reduce -52.5%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.15% 50,400 $4.0M New
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 6,000 $4.0M Reduce -70.0%
RSP Invesco S&P 500 Equal Weight 0.14% 20,000 $3.8M No change
ISRG Intuitive Surgical Inc. 0.13% 8,040 $3.6M Reduce -52.2%
CCI Crown Castle Inc. 0.13% 36,120 $3.5M Reduce -3.6%
PLD Prologis Inc. 0.12% 28,830 $3.3M Reduce -3.6%
PGR Progressive Corp. 0.11% 12,540 $3.1M Reduce -57.5%
WM Waste Management Inc. 0.11% 14,000 $3.1M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 27,000 $3.1M Reduce -3.5%
DLR Digital Realty Trust Inc. 0.11% 17,240 $3.0M Reduce -3.6%
BHP BHP Group Ltd.-Spon ADR 0.11% 52,960 $3.0M Reduce -7.6%
CMCSA Comcast Corp. Class A 0.11% 93,320 $2.9M Reduce -3.8%
RIO Rio Tinto PLC-Spon ADR 0.10% 43,150 $2.8M Reduce -7.6%
AMD Advanced Micro Devices 0.10% 16,780 $2.7M Reduce -3.6%
AMGN Amgen Inc. 0.10% 9,300 $2.6M New
CB Chubb Ltd. 0.09% 8,700 $2.5M Reduce -3.1%
NEM Newmont Corp. 0.09% 28,200 $2.4M New
NEE Nextera Energy Inc. 0.08% 29,180 $2.2M Reduce -3.4%
SHEL Shell PLC-ADR 0.08% 29,470 $2.1M Reduce -39.2%
LYG Lloyds Banking Group PLC-ADR 0.06% 388,170 $1.8M Reduce -7.6%
NVO Novo-Nordisk A/S-Spons ADR 0.06% 27,950 $1.6M Reduce -35.7%
CL Colgate-Palmolive Co. 0.06% 19,200 $1.5M Reduce -26.4%
LIN Linde PLC 0.05% 2,970 $1.4M Reduce -2.9%
SAN Banco Santander SA-Spon ADR 0.05% 125,290 $1.3M Reduce -7.6%
HAL Halliburton Co. 0.05% 52,150 $1.3M Reduce -3.7%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.05% 80,400 $1.3M Reduce -7.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 36,990 $1.3M Reduce -3.1%
SMFG Sumitomo Mitsui-Spons ADR 0.04% 70,230 $1.2M Reduce -7.6%
TM Toyota Motor Corp. -Spon ADR 0.04% 6,050 $1.2M Reduce -7.5%
ASML ASML Holding NV-NY Reg SHS 0.03% 950 $920K Reduce -7.8%
SAP Sap SE-Sponsored ADR 0.03% 3,420 $914K Reduce -7.6%
HOOD Robinhood Markets Inc. Class A 0.03% 5,200 $745K New

Portfolio Sells Q2 2025 → Q3 2025
AVGO Broadcom Inc. Reduce -44.0% 2.32% −1.12
MSFT Microsoft Corp. Reduce -21.4% 5.01% −1.07
GEV GE Vernova Inc. Reduce -54.4% 1.08% −0.94
NVDA Nvidia Corp. Reduce -26.7% 5.99% −0.88
BRK.B Berkshire Hathaway Inc. Class B Reduce -74.5% 0.31% −0.86
LLY Eli Lilly & Co. Reduce -70.0% 0.33% −0.79
META Meta Platforms Inc. Class A Reduce -34.9% 1.10% −0.58
AAPL Apple Inc. Reduce -27.3% 4.63% −0.47
T AT&T Inc. Reduce -32.6% 0.75% −0.38
PG The Procter & Gamble Co. Reduce -22.6% 1.09% −0.36
PM Philip Morris International Reduce -34.5% 0.45% −0.32
SPY SS SPDR S&P 500 ETF Trust-US Reduce -70.0% 0.15% −0.30
XOM Exxon Mobil Corp. Reduce -41.4% 0.48% −0.30
KO The Coca-Cola Co. Reduce -13.2% 1.07% −0.23
ISRG Intuitive Surgical Inc. Reduce -52.2% 0.13% −0.20
SO The Southern Co. Reduce -30.5% 0.52% −0.20
IVOO Vanguard S&P Mid-Cap 400 ETF Reduce -12.0% 2.68% −0.19
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.18
PGR Progressive Corp. Reduce -57.5% 0.11% −0.17
FITB Fifth Third Bancorp Sold out 0.00% −0.16
CEG Constellation Energy Reduce -44.6% 0.21% −0.16
CMG Chipotle Mexican Grill Inc. Reduce -3.6% 0.30% −0.14
WFC Wells Fargo & Co. Reduce -26.0% 0.51% −0.14
ABBV Abbvie Inc. Reduce -43.0% 0.34% −0.14
BCS Barclays PLC-Spons ADR Reduce -52.5% 0.15% −0.13
SPTL SS SPDR PF LNG TRM TSY E-Usd Sold out 0.00% −0.13
CCC CCC Intelligent Solutions Ho Sold out 0.00% −0.09
TXN Texas Instruments Inc. Reduce -3.5% 0.41% −0.07
NVO Novo-Nordisk A/S-Spons ADR Reduce -35.7% 0.06% −0.05
DBC Invesco DB Commodity Index T Reduce -12.6% 0.48% −0.05
SHEL Shell PLC-ADR Reduce -39.2% 0.08% −0.05
NFLX Netflix Inc. Reduce -3.5% 0.25% −0.04
RBRK Rubrik Inc. Class A Sold out 0.00% −0.03
CL Colgate-Palmolive Co. Reduce -26.4% 0.06% −0.03
AMT American Tower Corp. Reduce -3.5% 0.15% −0.03
CME Cme Group Inc. Reduce -3.6% 0.53% −0.03
BSX Boston Scientific Corp. Reduce -3.6% 0.18% −0.02
V Visa Inc. Class A Reduce -3.5% 0.27% −0.02
CMCSA Comcast Corp. Class A Reduce -3.8% 0.11% −0.02
MAR Marriott International Class A Reduce -3.6% 0.22% −0.02
DIS The Walt Disney Co. Reduce -3.5% 0.11% −0.01
CCI Crown Castle Inc. Reduce -3.6% 0.13% −0.01
SAP Sap SE-Sponsored ADR Reduce -7.6% 0.03% −0.01
EW Edwards Lifesciences Corp. Reduce -3.5% 0.15% −0.01
CB Chubb Ltd. Reduce -3.1% 0.09% −0.00
DLR Digital Realty Trust Inc. Reduce -3.6% 0.11% −0.00
MA Mastercard Inc. Class A Reduce -3.6% 0.25% −0.00
LIN Linde PLC Reduce -2.9% 0.05% −0.00
LYG Lloyds Banking Group PLC-ADR Reduce -7.6% 0.06% −0.00
SLB SLB Ltd. Reduce -3.1% 0.05% −0.00

Portfolio Buys Q2 2025 → Q3 2025
TSM Taiwan Semiconductor-SP ADR Add +256.5% 1.83% +1.42
GOOGL Alphabet Inc. Class A Add +22.1% 1.99% +0.82
MO Altria Group Inc. Add +76.4% 1.13% +0.57
NGG National Grid PLC-SP ADR Add +191.7% 0.76% +0.49
JNJ Johnson & Johnson Add +13.2% 1.65% +0.46
AGG iShares Core U.S. Aggregate Add +3.4% 7.88% +0.40
IBN Icici Bank Ltd.-Spon ADR Add +577.7% 0.47% +0.39
TSLA Tesla Inc. Add +0.5% 1.32% +0.39
COST Costco Wholesale Corp. Add +120.6% 0.73% +0.38
GOOG Alphabet Inc. Class C Add +658.9% 0.38% +0.34
AMZN Amazon.com Inc. Add +28.6% 1.43% +0.33
BTI British American Tob-SP ADR Add +44.3% 0.82% +0.32
PFE Pfizer Inc. Add +437.2% 0.37% +0.30
GOVT iShares US Treasury Bond ETF Add +31.6% 1.06% +0.27
USB US Bancorp New 0.26% +0.26
BAC Bank of America Corp. Add +15.9% 1.20% +0.26
DUK Duke Energy Corp. Add +11.3% 1.25% +0.19
HON Honeywell International Inc. New 0.15% +0.15
CM Can Imperial BK of Commerce New 0.15% +0.15
WMT Walmart Inc. Add +5.7% 1.35% +0.15
WM Waste Management Inc. New 0.11% +0.11
AMGN Amgen Inc. New 0.10% +0.10
NEM Newmont Corp. New 0.09% +0.09
TMO Thermo Fisher Scientific Inc. Add +45.3% 0.20% +0.09
NVS Novartis AG-Sponsored ADR Add +15.6% 0.40% +0.08
IBM Intl Business Machines Corp. Add +25.6% 0.40% +0.07
MCK McKesson Corp. Add +19.3% 0.30% +0.06
DHR Danaher Corp. Add +49.4% 0.18% +0.06
AEP American Electric Power Add +7.4% 0.41% +0.06
CSCO Cisco Systems Inc. Add +18.7% 0.39% +0.06
UNH Unitedhealth Group Inc. Add +3.2% 0.34% +0.04
MRK Merck & Co. Inc. Add +3.8% 0.44% +0.04
PEP Pepsico Inc. Add +2.7% 0.39% +0.04
VZ Verizon Communications Inc. Add +1.5% 0.96% +0.04
HOOD Robinhood Markets Inc. Class A New 0.03% +0.03
ADBE Adobe Inc. Add +1.5% 0.24% −0.02
CRM Salesforce Inc. Add +1.0% 0.27% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 117$2.5BNVDA, AAPL, VOO, GOOGL, AMZN
Q1 2026 111$2.7BNVDA, AAPL, VT, VOO, AGG
Q4 2025 105$3.0BVT, AGG, NVDA, AAPL, VOO
Q3 2025 115$2.7BVT, AGG, VOO, NVDA, MSFT
Q2 2025 113$2.7BVT, AGG, NVDA, VOO, MSFT
Q1 2025 114$2.5BAAPL, VOO, NVDA, MSFT, IEFA
Q4 2024 102$2.5BAAPL, MSFT, NVDA, VOO, IEFA
Q3 2024 104$2.2BAAPL, MSFT, NVDA, IEMG, IVOO
Q2 2024 147$1.7BAAPL, MSFT, IEMG, IVOO, VOO
Q1 2024 152$1.4BAAPL, VOO, IVOO, IEFA, IEMG