Newport Trust Company, LLC
Long book
$40.73B
Q1 2026
Positions
64
Top-10 weight
75%
concentration
Last quarter
+6.8%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsNewport Trust Company, LLC is a diversified fundamental manager, running a $40.73B US long book across 64 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BOEING CO/THE, AT&T INC, GENERAL DYNAMICS CORP, HONEYWELL INTERNATIONAL INC, PARSONS CORP.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.5%
Q2 2024
+5.7%
Q3 2024
+1.7%
Q4 2024
-2.7%
Q1 2025
+15.1%
Q2 2025
+7.8%
Q3 2025
-1.5%
Q4 2025
-0.6%
Q1 2026
+6.8%
Sector allocation
Industrials 54%
Communications 13%
Consumer discretionary 8%
Technology 7%
Utilities 6%
Financials 5%
Services media 4%
Healthcare 2%
Long book by quarter
What does Newport Trust own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BA BOEING CO/THE | Industrials | 28.7M | $5.71B | 14.0% | -2.8% |
| T AT&T INC | Communications | 179.5M | $5.20B | 12.8% | -2.2% |
| GD GENERAL DYNAMICS CORP | Industrials | 13.6M | $4.66B | 11.4% | -1.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 12.9M | $2.91B | 7.1% | -3.1% |
| PSN PARSONS CORP | Technology | 50.1M | $2.72B | 6.7% | +0.7% |
| GE GENERAL ELECTRIC | Industrials | 9.6M | $2.71B | 6.7% | -1.6% |
| DDS DILLARDS INC-CL A | Consumer discretionary | 4.5M | $2.58B | 6.3% | -0.2% |
| F FORD MOTOR CO | Industrials | 139.3M | $1.61B | 3.9% | +1.4% |
| GEV GE VERNOVA INC | Industrials | 1.6M | $1.40B | 3.4% | -4.0% |
| SRE SEMPRA | Utilities | 11.2M | $1.09B | 2.7% | -4.2% |
| DIS WALT DISNEY CO/THE | Services media | 10.7M | $1.03B | 2.5% | -1.0% |
| MMM 3M CO | Healthcare | 5.6M | $812.5M | 2.0% | -3.3% |
| WWD WOODWARD INC | Industrials | 2.0M | $718.4M | 1.8% | +0.2% |
| ETR ENTERGY CORP | Utilities | 5.2M | $585.2M | 1.4% | -1.9% |
| EMR EMERSON ELECTRIC CO | Industrials | 4.4M | $571.3M | 1.4% | -2.8% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 4.2M | $546.3M | 1.3% | -2.1% |
| DAL DELTA AIR LINES INC | Industrials | 7.9M | $523.0M | 1.3% | -4.3% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 2.6M | $482.9M | 1.2% | +6.6% |
| SPGI S&P GLOBAL INC | Services media | 1.0M | $439.4M | 1.1% | +1.0% |
| DRI DARDEN RESTAURANTS INC | Consumer discretionary | 1.8M | $349.5M | 0.9% | -2.8% |
| HIG HARTFORD INSURANCE GROUP INC | Financials | 2.4M | $326.9M | 0.8% | -1.7% |
| UAL UNITED AIRLINES HOLDINGS INC | Industrials | 3.2M | $296.5M | 0.7% | -1.4% |
| XEL XCEL ENERGY INC | Utilities | 3.7M | $290.7M | 0.7% | -1.6% |
| ELV ELEVANCE HEALTH INC | Financials | 985.2K | $288.4M | 0.7% | -2.0% |
| NKE NIKE INC -CL B | Other | 5.4M | $285.7M | 0.7% | -2.7% |
| NI NISOURCE INC | Utilities | 5.6M | $261.2M | 0.6% | -1.8% |
| WBD WARNER BROS DISCOVERY INC | Communications | 7.3M | $199.5M | 0.5% | -3.8% |
| HUM HUMANA INC | Financials | 1.0M | $181.5M | 0.4% | +6.2% |
| STT STATE STREET CORP | Financials | 1.4M | $181.0M | 0.4% | -2.0% |
| BMO BANK OF MONTREAL | Financials | 1.3M | $175.6M | 0.4% | -1.4% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 10.4M | $162.5M | 0.4% | -0.7% |
| WHR WHIRLPOOL CORP | Industrials | 2.6M | $139.2M | 0.3% | +8.0% |
| M MACY'S INC | Consumer discretionary | 6.9M | $125.4M | 0.3% | -0.8% |
| MCO MOODY'S CORP | Services media | 272.7K | $118.9M | 0.3% | -1.7% |
| BBY BEST BUY CO INC | Consumer discretionary | 1.2M | $75.0M | 0.2% | +1.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 344.8K | $57.0M | 0.1% | -11.6% |
| WAT WATERS CORP | Healthcare | 183.9K | $54.8M | 0.1% | +4.8% |
| ED CONSOLIDATED EDISON INC | Utilities | 480.2K | $54.3M | 0.1% | -1.9% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 2.4M | $53.8M | 0.1% | -2.7% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 244.2K | $50.8M | 0.1% | New |
| PNW PINNACLE WEST CAPITAL | Utilities | 459.2K | $46.3M | 0.1% | -2.5% |
| VVV VALVOLINE INC | Energy | 1.4M | $45.9M | 0.1% | -3.9% |
| BDC BELDEN INC | Industrials | 341.1K | $39.2M | 0.1% | 0.0% |
| OZK BANK OZK | — | 611.4K | $28.1M | 0.1% | -2.2% |
| BOH BANK OF HAWAII CORP | Financials | 347.2K | $25.8M | 0.1% | -0.2% |
| ASH ASHLAND INC | Consumer discretionary | 449.5K | $25.0M | 0.1% | -8.7% |
| GT GOODYEAR TIRE & RUBBER CO | Other | 3.4M | $22.7M | 0.1% | -3.9% |
| Q QNITY ELECTRONICS INC | Technology | 167.1K | $19.3M | 0.0% | -15.3% |
| TRMK TRUSTMARK CORP | Financials | 408.6K | $17.2M | 0.0% | -3.4% |
| DD DUPONT DE NEMOURS INC | Materials | 328.0K | $15.0M | 0.0% | -13.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 64 | $40.73B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 64 | $41.79B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 63 | $43.91B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 64 | $41.65B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 64 | $39.00B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 64 | $41.27B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 62 | $41.24B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 60 | $39.81B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 55 | $36.80B | canonical | SEC ↗ |
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