Newport Trust Company, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Newport Trust Company, LLC reported 63 stock positions worth $43.9 billion. Its top holding was Boeing (BA) at 14.4% of the portfolio, followed by AT&T (T, 11.9%) and General Dynamics (GD, 10.8%). Compared with Q2 2025, it sold out of 1, added to 7 and reduced 55. The biggest buy was Boeing (BA, shares +2%) and the biggest sale Honeywell International (HON, shares −3%).

Most Recent 13F
Q2 2026
Location
Washington, DC
CIK
0001722329
Portfolio Value
$43.9B (Q3 2025)
SEC Filing
0001172661-25-004524 ↗ filed Oct 31, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $36.8B Q1 2024 Q2 2024: $39.8B Q2 2024 Q3 2024: $41.2B Q3 2024 Q4 2024: $41.3B Q4 2024 Q1 2025: $39.0B Q1 2025 Q2 2025: $41.7B Q2 2025 Q3 2025: $43.9B $43.9B Q3 2025 Q4 2025: $41.8B Q4 2025 Q1 2026: $40.7B Q1 2026 Q2 2026: $41.5B Q2 2026

Holdings 63 stocks · $43.9B
BA The Boeing Co. 14.35% 29,198,446 $6.3B Add +2.5%
T AT&T Inc. 11.92% 185,320,397 $5.2B Reduce -0.9%
GD General Dynamics Corp. 10.84% 13,959,027 $4.8B Reduce -3.2%
PSN Parsons Corp. 9.63% 51,009,167 $4.2B Reduce -2.1%
GE General Electric filed as GE AEROSPACE 6.82% 9,957,993 $3.0B Reduce -1.2%
HON Honeywell International Inc. 6.61% 13,799,099 $2.9B Reduce -3.2%
DDS Dillards Inc. Class A 6.32% 4,515,977 $2.8B Reduce -3.3%
F Ford Motor Co. filed as FORD MTR CO 3.94% 144,557,488 $1.7B Reduce -2.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.89% 11,084,933 $1.3B Reduce -1.5%
SRE Sempra 2.50% 12,207,882 $1.1B Reduce -4.8%
GEV GE Vernova Inc. 2.37% 1,691,076 $1.0B Reduce -1.3%
MMM 3M Co. 2.11% 5,972,104 $926.8M Reduce -3.0%
EMR Emerson Electric Co. 1.38% 4,630,123 $607.4M Reduce -2.7%
COF Capital One Financial Corp. 1.23% 2,549,530 $542.0M Reduce -0.5%
SPGI S&P Global Inc. 1.20% 1,080,992 $526.1M Reduce -0.3%
WWD Woodward Inc. 1.20% 2,080,212 $525.7M Reduce -2.0%
DAL Delta Air Lines Inc. 1.19% 9,216,343 $523.0M No change
ETR Entergy Corp. 1.14% 5,385,355 $501.9M Reduce -1.5%
JCI Johnson Controls Internation 1.10% 4,405,494 $484.4M Reduce -1.4%
NKE Nike Inc. Class B 0.90% 5,685,533 $396.5M Reduce -1.3%
DRI Darden Restaurants Inc. 0.81% 1,860,895 $354.2M Reduce -0.2%
HIG Hartford Insurance Group Inc. 0.77% 2,532,328 $337.8M Reduce -1.5%
ELV Elevance Health Inc. 0.75% 1,024,017 $330.9M Reduce -2.1%
UAL United Airlines Holdings Inc. 0.73% 3,330,861 $321.4M Reduce -2.5%
XEL Xcel Energy Inc. 0.71% 3,852,285 $310.7M Reduce -1.5%
HUM Humana Inc. 0.63% 1,066,534 $277.5M Reduce -2.3%
NI Nisource Inc. 0.57% 5,737,027 $248.4M Reduce -3.4%
HWM Howmet Aerospace Inc. 0.43% 972,823 $190.9M Reduce -9.2%
HBAN Huntington Bancshares Inc. 0.42% 10,631,260 $183.6M Reduce -0.4%
LTM Latam Airlines Group SA-ADR 0.41% 3,974,931 $179.9M Reduce -29.5%
STT State Street Corp. 0.40% 1,505,688 $174.7M Reduce -4.2%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.39% 1,321,915 $172.2M Reduce -1.8%
WHR Whirlpool Corp. 0.39% 2,169,688 $170.5M Add +5.5%
WBD Warner Bros Discovery Inc. 0.36% 8,178,358 $159.7M Reduce -4.8%
BTI British American Tob-SP ADR 0.31% 2,602,153 $138.1M Reduce -5.0%
MCO Moody's Corp. 0.31% 283,572 $135.1M Reduce -3.3%
M Macy's Inc. 0.29% 7,165,841 $128.5M Reduce -2.3%
BBY Best Buy Co. Inc. 0.20% 1,159,700 $87.7M Add +0.2%
PM Philip Morris International 0.18% 485,078 $78.7M Reduce -1.9%
KHC The Kraft Heinz Co. 0.15% 2,517,461 $65.6M Reduce -1.5%
WAT Waters Corp. 0.13% 184,414 $55.3M Add +1.2%
VVV Valvoline Inc. 0.12% 1,471,747 $52.9M Reduce -2.7%
ED Consolidated Edison Inc. 0.12% 503,155 $50.6M Reduce -2.0%
PNW Pinnacle West Capital 0.10% 485,680 $43.5M Reduce -3.0%
BDC Belden Inc. 0.09% 331,766 $39.9M Add +1.0%
DD Dupont DE Nemours Inc. 0.09% 500,974 $39.0M Reduce -11.8%
OZK Bank Ozk 0.07% 592,735 $30.2M Reduce -13.1%
GT Goodyear Tire & Rubber Co. 0.06% 3,722,057 $27.8M Add +4.5%
ASH Ashland Inc. 0.06% 518,393 $24.8M Reduce -3.1%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.05% 360,269 $23.6M Reduce -1.2%
MOS The Mosaic Co. 0.04% 555,828 $19.3M Reduce -1.5%
RAMP Liveramp Holdings Inc. 0.04% 615,679 $17.4M Reduce -2.6%
TRMK Trustmark Corp. 0.04% 429,914 $17.0M Reduce -6.8%
SFNC Simmons First Natl Corp. Class A 0.02% 544,982 $10.4M Reduce -8.3%
GNW Genworth Financial Inc. 0.02% 1,016,575 $9.0M Reduce -2.9%
SOLV Solventum Corp. 0.02% 123,621 $9.0M Reduce -2.7%
MO Altria Group Inc. 0.02% 123,998 $8.2M Reduce -3.5%
BBWI Bath & Body Works Inc. 0.02% 286,653 $7.4M Reduce -4.5%
UIS Unisys Corp. 0.01% 1,201,209 $4.7M Reduce -1.3%
MDLZ Mondelez International Inc. Class A 0.01% 52,621 $3.3M Reduce -4.1%
VSXY Victoria's Secret & Co. 0.01% 96,853 $2.6M Reduce -4.4%
MCB Metropolitan Bank Holding Co. 0.00% 9,192 $688K Reduce -8.3%
FTS Fortis Inc. 0.00% 9,734 $494K Add +2.8%

Portfolio Sells Q2 2025 → Q3 2025
HON Honeywell International Inc. Reduce -3.2% 6.61% −1.36
T AT&T Inc. Reduce -0.9% 11.92% −1.08
DIS The Walt Disney Co. Reduce -1.5% 2.89% −0.46
ELV Elevance Health Inc. Reduce -2.1% 0.75% −0.22
SPGI S&P Global Inc. Reduce -0.3% 1.20% −0.17
DRI Darden Restaurants Inc. Reduce -0.2% 0.81% −0.17
LTM Latam Airlines Group SA-ADR Reduce -29.5% 0.41% −0.14
EMR Emerson Electric Co. Reduce -2.7% 1.38% −0.14
MMM 3M Co. Reduce -3.0% 2.11% −0.14
NKE Nike Inc. Class B Reduce -1.3% 0.90% −0.08
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.08
COF Capital One Financial Corp. Reduce -0.5% 1.23% −0.07
WWD Woodward Inc. Reduce -2.0% 1.20% −0.05
MCO Moody's Corp. Reduce -3.3% 0.31% −0.05
HWM Howmet Aerospace Inc. Reduce -9.2% 0.43% −0.04
PM Philip Morris International Reduce -1.9% 0.18% −0.04
JCI Johnson Controls Internation Reduce -1.4% 1.10% −0.03
VVV Valvoline Inc. Reduce -2.7% 0.12% −0.02
HIG Hartford Insurance Group Inc. Reduce -1.5% 0.77% −0.01
HBAN Huntington Bancshares Inc. Reduce -0.4% 0.42% −0.01
RAMP Liveramp Holdings Inc. Reduce -2.6% 0.04% −0.01
KHC The Kraft Heinz Co. Reduce -1.5% 0.15% −0.01
NI Nisource Inc. Reduce -3.4% 0.57% −0.01
HUM Humana Inc. Reduce -2.3% 0.63% −0.01
ED Consolidated Edison Inc. Reduce -2.0% 0.12% −0.01
PNW Pinnacle West Capital Reduce -3.0% 0.10% −0.01
OZK Bank Ozk Reduce -13.1% 0.07% −0.01
ASH Ashland Inc. Reduce -3.1% 0.06% −0.01
BBWI Bath & Body Works Inc. Reduce -4.5% 0.02% −0.01
MOS The Mosaic Co. Reduce -1.5% 0.04% −0.01
BOH Bank of Hawaii Corp. Reduce -1.2% 0.05% −0.01
DD Dupont DE Nemours Inc. Reduce -11.8% 0.09% −0.00
STT State Street Corp. Reduce -4.2% 0.40% −0.00
SFNC Simmons First Natl Corp. Class A Reduce -8.3% 0.02% −0.00
SOLV Solventum Corp. Reduce -2.7% 0.02% −0.00
UIS Unisys Corp. Reduce -1.3% 0.01% −0.00
TRMK Trustmark Corp. Reduce -6.8% 0.04% −0.00
MDLZ Mondelez International Inc. Class A Reduce -4.1% 0.01% −0.00
MCB Metropolitan Bank Holding Co. Reduce -8.3% 0.00% −0.00
MO Altria Group Inc. Reduce -3.5% 0.02% +0.00
GNW Genworth Financial Inc. Reduce -2.9% 0.02% +0.00
VSXY Victoria's Secret & Co. Reduce -4.4% 0.01% +0.00
BTI British American Tob-SP ADR Reduce -5.0% 0.31% +0.00
BMO Bank of Montreal Reduce -1.8% 0.39% +0.03
ETR Entergy Corp. Reduce -1.5% 1.14% +0.05
XEL Xcel Energy Inc. Reduce -1.5% 0.71% +0.07
F Ford Motor Co. Reduce -2.6% 3.94% +0.07
UAL United Airlines Holdings Inc. Reduce -2.5% 0.73% +0.08
M Macy's Inc. Reduce -2.3% 0.29% +0.09
WBD Warner Bros Discovery Inc. Reduce -4.8% 0.36% +0.13

Portfolio Buys Q2 2025 → Q3 2025
BA The Boeing Co. Add +2.5% 14.35% +0.02
BBY Best Buy Co. Inc. Add +0.2% 0.20% +0.01
FTS Fortis Inc. Add +2.8% 0.00% 0.00
BDC Belden Inc. Add +1.0% 0.09% −0.00
GT Goodyear Tire & Rubber Co. Add +4.5% 0.06% −0.03
WAT Waters Corp. Add +1.2% 0.13% −0.03
WHR Whirlpool Corp. Add +5.5% 0.39% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 63$41.5BBA, GD, T, GE, HON
Q1 2026 64$40.7BBA, T, GD, HON, PSN
Q4 2025 64$41.8BBA, GD, T, PSN, GE
Q3 2025 63$43.9BBA, T, GD, PSN, GE
Q2 2025 64$41.7BBA, T, GD, PSN, HON
Q1 2025 64$39.0BT, BA, GD, PSN, HON
Q4 2024 64$41.3BBA, PSN, T, GD, HON
Q3 2024 62$41.2BPSN, BA, GD, T, HON
Q2 2024 60$39.8BBA, PSN, GD, T, HON
Q1 2024 55$36.8BBA, PSN, GD, T, HON