Lockheed Martin Investment Management Co.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Lockheed Martin Investment Management Co. reported 105 stock positions worth $3.0 billion. Its top holding was Vanguard Tot World STK ETF (VT) at 7.5% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 7.2%) and Nvidia (NVDA, 6.9%). Compared with Q3 2025, it opened 4 new positions, sold out of 14, added to 58 and reduced 26. The biggest buy was Alphabet Class A (GOOGL, shares +77%) and the biggest sale Walmart (WMT, shares −81%).

Most Recent 13F
Q2 2026
Location
BETHESDA, MD
CIK
0000897599
Portfolio Value
$3.0B (Q4 2025)
SEC Filing
0001420506-26-000171 ↗ filed Feb 5, 2026

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 Q3 2025 Q4 2025: $3.0B $3.0B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $2.5B Q2 2026

Holdings 105 stocks · $3.0B
VT Vanguard Tot World STK ETF 7.51% 1,595,000 $225.0M No change
AGG iShares Core U.S. Aggregate 7.22% 2,165,000 $216.2M Add +1.4%
NVDA Nvidia Corp. 6.86% 1,101,180 $205.4M Add +26.3%
AAPL Apple Inc. 6.71% 738,920 $200.9M Add +49.8%
VOO Vanguard S&P 500 ETF 6.30% 300,700 $188.6M Reduce -3.0%
MSFT Microsoft Corp. 5.56% 344,400 $166.6M Add +31.1%
GOOGL Alphabet Inc. Class A 4.11% 393,290 $123.1M Add +77.1%
AMZN Amazon.com Inc. 3.17% 410,690 $94.8M Add +132.8%
VEA Vanguard Ftse Developed ETF 2.61% 1,250,000 $78.1M No change
JPM JPMorgan Chase & Co. 2.54% 236,270 $76.1M Reduce -7.9%
GOOG Alphabet Inc. Class C 2.42% 231,300 $72.6M Add +444.2%
IVOO Vanguard S&P Mid-Cap 400 ETF 2.35% 630,000 $70.4M Reduce -4.5%
IEMG iShares Core MSCI Emerging 2.23% 993,000 $66.7M Reduce -1.7%
META Meta Platforms Inc. Class A 2.21% 100,400 $66.3M Add +147.1%
IEFA iShares Core MSCI Eafe ETF 2.14% 715,000 $64.0M Reduce -3.5%
TSLA Tesla Inc. 2.10% 139,900 $62.9M Add +73.8%
TSM Taiwan Semiconductor-SP ADR 2.04% 200,900 $61.1M Add +12.9%
AVGO Broadcom Inc. 1.84% 158,890 $55.0M Reduce -16.9%
BND Vanguard Total Bond Market 1.78% 720,000 $53.3M No change
JNJ Johnson & Johnson 1.76% 254,120 $52.6M Add +5.1%
DUK Duke Energy Corp. 1.50% 383,050 $44.9M Add +39.5%
VGLT Vanguard Long-Term Treasury 1.06% 570,000 $31.8M Add +3.6%
AEP American Electric Power 0.97% 252,700 $29.1M Add +153.7%
GOVT iShares US Treasury Bond ETF 0.96% 1,250,000 $28.8M No change
KO The Coca-Cola Co. 0.84% 360,275 $25.2M Reduce -17.4%
BTI British American Tob-SP ADR 0.83% 440,400 $24.9M Add +4.4%
SO The Southern Co. 0.74% 254,540 $22.2M Add +69.7%
MO Altria Group Inc. 0.68% 351,800 $20.3M Reduce -24.2%
NGG National Grid PLC-SP ADR 0.63% 244,900 $18.9M Reduce -13.2%
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.61% 938,100 $18.3M No change
XOM Exxon Mobil Corp. 0.55% 137,880 $16.6M Add +18.1%
RTX RTX Corp. 0.54% 88,700 $16.3M Add +12.0%
CME Cme Group Inc. 0.54% 59,330 $16.2M Add +12.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.54% 293,160 $16.1M Reduce -53.4%
HD Home Depot Inc. 0.53% 45,930 $15.8M Add +11.9%
VZ Verizon Communications Inc. 0.51% 373,000 $15.2M Reduce -36.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.47% 47,600 $14.1M Add +24.3%
UNP Union Pacific Corp. 0.47% 60,730 $14.0M Add +11.6%
TXN Texas Instruments Inc. 0.45% 77,980 $13.5M Add +29.3%
NEM Newmont Corp. 0.44% 133,400 $13.3M Add +373.1%
LLY Eli Lilly & Co. 0.43% 12,080 $13.0M Add +2.6%
CRM Salesforce Inc. 0.43% 48,300 $12.8M Add +55.6%
PG The Procter & Gamble Co. 0.41% 85,300 $12.2M Reduce -55.7%
HIG Hartford Insurance Group Inc. 0.38% 83,540 $11.5M Add +11.9%
PEP Pepsico Inc. 0.38% 79,740 $11.4M Add +5.3%
CSCO Cisco Systems Inc. 0.37% 141,950 $10.9M Reduce -9.1%
ADBE Adobe Inc. 0.36% 30,650 $10.7M Add +65.1%
PM Philip Morris International 0.35% 65,000 $10.4M Reduce -13.8%
ABBV Abbvie Inc. 0.34% 45,140 $10.3M Add +12.0%
OEF iShares S&P 100 ETF 0.34% 30,000 $10.3M No change
VTWO Vanguard Russell 2000 ETF 0.33% 100,000 $10.0M No change
MRK Merck & Co. Inc. 0.33% 93,800 $9.9M Reduce -33.6%
UNH Unitedhealth Group Inc. 0.33% 29,750 $9.8M Add +12.0%
DBC Invesco DB Commodity Index T 0.32% 430,000 $9.6M Reduce -25.9%
NOC Northrop Grumman Corp. 0.31% 16,310 $9.3M Add +11.3%
TMO Thermo Fisher Scientific Inc. 0.31% 15,970 $9.3M Add +43.1%
DHR Danaher Corp. 0.30% 39,900 $9.1M Add +57.5%
ITW Illinois Tool Works 0.30% 36,530 $9.0M Add +10.1%
CMG Chipotle Mexican Grill Inc. 0.29% 235,040 $8.7M Add +11.9%
V Visa Inc. Class A 0.28% 23,760 $8.3M Add +12.1%
MAR Marriott International Class A 0.27% 25,610 $7.9M Add +11.9%
NVS Novartis AG-Sponsored ADR 0.26% 57,300 $7.9M Reduce -32.8%
CVX Chevron Corp. 0.26% 51,000 $7.8M Add +12.4%
MA Mastercard Inc. Class A 0.25% 13,250 $7.6M Add +11.9%
WMT Walmart Inc. 0.25% 67,120 $7.5M Reduce -81.2%
SHEL Shell PLC-ADR 0.25% 100,700 $7.4M Add +241.7%
PDBC Invesco Optimum Yield Divers 0.24% 550,000 $7.3M Reduce -15.4%
EWC iShares MSCI Canada ETF 0.24% 134,800 $7.3M No change
CB Chubb Ltd. 0.24% 22,820 $7.1M Add +162.3%
NFLX Netflix Inc. 0.20% 62,700 $5.9M Add +12.0%
MCK McKesson Corp. 0.19% 7,000 $5.7M Reduce -33.3%
USB US Bancorp 0.18% 100,000 $5.3M Reduce -32.3%
BSX Boston Scientific Corp. 0.17% 54,550 $5.2M Add +12.0%
EW Edwards Lifesciences Corp. 0.17% 60,070 $5.1M Add +12.1%
ISRG Intuitive Surgical Inc. 0.17% 8,990 $5.1M Add +11.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 41,800 $4.8M Add +54.8%
AMT American Tower Corp. 0.14% 24,340 $4.3M Add +11.6%
PLD Prologis Inc. 0.14% 32,280 $4.1M Add +12.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 6,000 $4.1M No change
AMD Advanced Micro Devices 0.13% 18,790 $4.0M Add +12.0%
BCS Barclays PLC-Spons ADR 0.13% 153,400 $3.9M Reduce -22.0%
RSP Invesco S&P 500 Equal Weight 0.13% 20,000 $3.8M No change
ORCL Oracle Corp. 0.13% 19,200 $3.7M Reduce -54.1%
CCI Crown Castle Inc. 0.12% 40,440 $3.6M Add +12.0%
CMCSA Comcast Corp. Class A 0.10% 101,990 $3.0M Add +9.3%
DLR Digital Realty Trust Inc. 0.10% 19,320 $3.0M Add +12.1%
REGN Regeneron Pharmaceuticals 0.09% 3,500 $2.7M New
NEE Nextera Energy Inc. 0.09% 33,040 $2.7M Add +13.2%
RIO Rio Tinto PLC-Spon ADR 0.08% 31,650 $2.5M Reduce -26.6%
BHP BHP Group Ltd.-Spon ADR 0.08% 37,460 $2.3M Reduce -29.3%
LYG Lloyds Banking Group PLC-ADR 0.07% 388,170 $2.1M No change
TM Toyota Motor Corp. -Spon ADR 0.06% 8,350 $1.8M Add +38.0%
SLB SLB Ltd. filed as SLB LIMITED 0.06% 44,650 $1.7M Add +20.7%
HAL Halliburton Co. 0.05% 58,120 $1.6M Add +11.4%
LIN Linde PLC 0.05% 3,590 $1.5M Add +20.9%
SAN Banco Santander SA-Spon ADR 0.05% 125,290 $1.5M No change
NVO Novo-Nordisk A/S-Spons ADR 0.05% 27,950 $1.4M No change
SMFG Sumitomo Mitsui-Spons ADR 0.05% 70,230 $1.4M No change
NOW ServiceNow Inc. 0.04% 8,505 $1.3M New
MUFG Mitsubishi Ufj Finl-Spon ADR 0.04% 80,400 $1.3M No change

Show all 105 holdings

Portfolio Sells Q3 2025 → Q4 2025
WMT Walmart Inc. Reduce -81.2% 0.25% −1.10
GEV GE Vernova Inc. Sold out 0.00% −1.08
T AT&T Inc. Sold out 0.00% −0.75
COST Costco Wholesale Corp. Sold out 0.00% −0.73
VOO Vanguard S&P 500 ETF Reduce -3.0% 6.30% −0.69
PG The Procter & Gamble Co. Reduce -55.7% 0.41% −0.68
BAC Bank of America Corp. Reduce -53.4% 0.54% −0.66
WFC Wells Fargo & Co. Sold out 0.00% −0.51
AVGO Broadcom Inc. Reduce -16.9% 1.84% −0.49
MO Altria Group Inc. Reduce -24.2% 0.68% −0.45
VZ Verizon Communications Inc. Reduce -36.8% 0.51% −0.45
IBN Icici Bank Ltd.-Spon ADR Reduce -92.2% 0.03% −0.44
JPM JPMorgan Chase & Co. Reduce -7.9% 2.54% −0.44
PFE Pfizer Inc. Sold out 0.00% −0.37
IVOO Vanguard S&P Mid-Cap 400 ETF Reduce -4.5% 2.35% −0.33
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.31
ORCL Oracle Corp. Reduce -54.1% 0.13% −0.31
IEFA iShares Core MSCI Eafe ETF Reduce -3.5% 2.14% −0.25
KO The Coca-Cola Co. Reduce -17.4% 0.84% −0.22
IEMG iShares Core MSCI Emerging Reduce -1.7% 2.23% −0.22
CEG Constellation Energy Sold out 0.00% −0.21
DBC Invesco DB Commodity Index T Reduce -25.9% 0.32% −0.16
HON Honeywell International Inc. Sold out 0.00% −0.15
CM Can Imperial BK of Commerce Sold out 0.00% −0.15
NVS Novartis AG-Sponsored ADR Reduce -32.8% 0.26% −0.14
NGG National Grid PLC-SP ADR Reduce -13.2% 0.63% −0.12
PGR Progressive Corp. Sold out 0.00% −0.11
WM Waste Management Inc. Sold out 0.00% −0.11
MCK McKesson Corp. Reduce -33.3% 0.19% −0.11
MRK Merck & Co. Inc. Reduce -33.6% 0.33% −0.11
PM Philip Morris International Reduce -13.8% 0.35% −0.10
AMGN Amgen Inc. Sold out 0.00% −0.10
USB US Bancorp Reduce -32.3% 0.18% −0.08
PDBC Invesco Optimum Yield Divers Reduce -15.4% 0.24% −0.08
CL Colgate-Palmolive Co. Sold out 0.00% −0.06
BHP BHP Group Ltd.-Spon ADR Reduce -29.3% 0.08% −0.03
CSCO Cisco Systems Inc. Reduce -9.1% 0.37% −0.03
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.03
RIO Rio Tinto PLC-Spon ADR Reduce -26.6% 0.08% −0.02
BCS Barclays PLC-Spons ADR Reduce -22.0% 0.13% −0.02

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +77.1% 4.11% +2.12
AAPL Apple Inc. Add +49.8% 6.71% +2.08
GOOG Alphabet Inc. Class C Add +444.2% 2.42% +2.04
AMZN Amazon.com Inc. Add +132.8% 3.17% +1.74
META Meta Platforms Inc. Class A Add +147.1% 2.21% +1.11
NVDA Nvidia Corp. Add +26.3% 6.86% +0.87
TSLA Tesla Inc. Add +73.8% 2.10% +0.78
AEP American Electric Power Add +153.7% 0.97% +0.56
MSFT Microsoft Corp. Add +31.1% 5.56% +0.55
NEM Newmont Corp. Add +373.1% 0.44% +0.36
DUK Duke Energy Corp. Add +39.5% 1.50% +0.25
SO The Southern Co. Add +69.7% 0.74% +0.22
TSM Taiwan Semiconductor-SP ADR Add +12.9% 2.04% +0.21
SHEL Shell PLC-ADR Add +241.7% 0.25% +0.17
CRM Salesforce Inc. Add +55.6% 0.43% +0.16
CB Chubb Ltd. Add +162.3% 0.24% +0.15
DHR Danaher Corp. Add +57.5% 0.30% +0.12
ADBE Adobe Inc. Add +65.1% 0.36% +0.12
TMO Thermo Fisher Scientific Inc. Add +43.1% 0.31% +0.11
JNJ Johnson & Johnson Add +5.1% 1.76% +0.11
LLY Eli Lilly & Co. Add +2.6% 0.43% +0.10
REGN Regeneron Pharmaceuticals New 0.09% +0.09
IBM Intl Business Machines Corp. Add +24.3% 0.47% +0.07
XOM Exxon Mobil Corp. Add +18.1% 0.55% +0.07
RTX RTX Corp. Add +12.0% 0.54% +0.06
MAR Marriott International Class A Add +11.9% 0.27% +0.05
DIS The Walt Disney Co. Add +54.8% 0.16% +0.04
TXN Texas Instruments Inc. Add +29.3% 0.45% +0.04
NOW ServiceNow Inc. New 0.04% +0.04
BP BP PLC-Spons ADR New 0.04% +0.04
ISRG Intuitive Surgical Inc. Add +11.8% 0.17% +0.04
AMD Advanced Micro Devices Add +12.0% 0.13% +0.03
HIG Hartford Insurance Group Inc. Add +11.9% 0.38% +0.02
EW Edwards Lifesciences Corp. Add +12.1% 0.17% +0.02
TM Toyota Motor Corp. -Spon ADR Add +38.0% 0.06% +0.02
PLD Prologis Inc. Add +12.0% 0.14% +0.02
CME Cme Group Inc. Add +12.0% 0.54% +0.01
V Visa Inc. Class A Add +12.1% 0.28% +0.01
SLB SLB Ltd. Add +20.7% 0.06% +0.01
BTI British American Tob-SP ADR Add +4.4% 0.83% +0.01
RBRK Rubrik Inc. Class A New 0.01% +0.01
HAL Halliburton Co. Add +11.4% 0.05% +0.01
NEE Nextera Energy Inc. Add +13.2% 0.09% +0.01
MA Mastercard Inc. Class A Add +11.9% 0.25% +0.00
ABBV Abbvie Inc. Add +12.0% 0.34% +0.00
CVX Chevron Corp. Add +12.4% 0.26% 0.00
LIN Linde PLC Add +20.9% 0.05% −0.00
BSX Boston Scientific Corp. Add +12.0% 0.17% −0.00
UNP Union Pacific Corp. Add +11.6% 0.47% −0.00
CMCSA Comcast Corp. Class A Add +9.3% 0.10% −0.01

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