Institutional Manager · CIK 0001722329

Newport Trust Company, LLC

Washington, DC · File #028-18502

Latest AUM

$41.79B

Positions

Top-10 Concentration

74.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
EXITED	HOWMET AEROSPACE INC	443201108	-972,823	-$190.9M	$0
REDUCE	HONEYWELL INTL INC	438516106	-522,232	-$101.9M	-$212.6M
REDUCE	FORD MTR CO	345370860	-7,200,811	-$94.5M	+$167.7M
REDUCE	GE AEROSPACE	369604301	-255,785	-$78.8M	+$71.8M
REDUCE	GENERAL DYNAMICS CORP	GD	-233,289	-$78.5M	-$60.6M
REDUCE	PARSONS CORP DEL	PSN	-1,213,045	-$75.0M	-$1.08B
REDUCE	DELTA AIR LINES INC DEL	DAL	-1,000,000	-$69.4M	+$116.6M
ADD	BOEING CO	BA-PA	+286,848	+$62.3M	+$37.7M
REDUCE	AT&T INC	T-PC	-1,868,518	-$46.4M	-$630.1M
REDUCE	SEMPRA	SREA	-491,932	-$43.4M	-$20.6M

Sector Allocation

Industrials

20.6%$8.62B

Technology

7.5%$3.15B

Consumer Discretionary

1.9%$815.4M

Financials

1.6%$692.7M

Healthcare

1.5%$614.3M

Utilities

0.8%$328.5M

Communication Services

0.5%$217.6M

Consumer Staples

0.1%$65.6M

Materials

0.1%$57.7M

Filing History

Feb 6, 202613F HOLDINGS REPORTQ/E Dec 202564 pos · $41.79B
Oct 31, 202513F HOLDINGS REPORTQ/E Sep 202563 pos · $43.91B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 202564 pos · $41.65B
May 14, 202513F HOLDINGS REPORTQ/E Mar 202564 pos · $39.00B
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 202464 pos · $41.27B
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 202462 pos · $41.24B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 202460 pos · $39.81B
May 15, 202413F HOLDINGS REPORTQ/E Mar 202455 pos · $36.80B
Nov 8, 202313F HOLDINGS REPORTQ/E Dec 202357 pos · $32.50B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	BOEING CO	BA-PA	29,485,294	$6.40B	15.36%
2	GENERAL DYNAMICS CORP	GD	13,725,738	$4.62B	11.09%
3	AT&T INC	T-PC	183,451,879	$4.56B	10.93%
4	PARSONS CORP DEL	PSN	49,796,122	$3.08B	7.38%
5	GE AEROSPACE	369604301	9,702,208	$2.99B	7.17%
6	DILLARDS INC	254067101	4,523,121	$2.74B	6.58%
7	HONEYWELL INTL INC	438516106	13,276,867	$2.59B	6.21%
8	FORD MTR CO	345370860	137,356,677	$1.80B	4.32%
9	DISNEY WALT CO	254687106	10,820,485	$1.23B	2.95%
10	GE VERNOVA INC	GEV	1,672,237	$1.09B	2.62%
11	SEMPRA	SREA	11,715,950	$1.03B	2.48%
12	3M CO	MMM	5,783,016	$925.9M	2.22%
13	WOODWARD INC	WWD	2,002,182	$605.3M	1.45%
14	CAPITAL ONE FINL CORP	14040H105	2,483,012	$601.8M	1.44%
15	EMERSON ELEC CO	EMR	4,483,714	$595.1M	1.43%
16	DELTA AIR LINES INC DEL	DAL	8,216,343	$570.2M	1.37%
17	S&P GLOBAL INC	SPGI	1,022,851	$534.5M	1.28%
18	JOHNSON CTLS INTL PLC	G51502105	4,261,479	$510.3M	1.22%
19	ENTERGY CORP NEW	ENO	5,310,716	$490.9M	1.18%
20	UNITED AIRLS HLDGS INC	UNTCW	3,266,669	$365.3M	0.88%