§ 13F · FUND PROFILE
Newport Trust Company, LLC.
ESOP trustee, long-term institutional
AUM · $43.9B (13F)Positions · 63Turnover · 100% · Q1Filed · May 14, 2026
◇ BIG MOVE · Q1
Aerospace & Defense cut 1pp. Telecommunication lifted 2pp.
CONCENTRATION
75%
Top 10 holdings
NEW BUYS
+2
+$58M deployed
EXITS
0
No exits
SECTOR SHIFT
AEROSPACE & DEFENSE → TELECOMMUNICATION
-1pp · +2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | BA | BOEING CO | 28.66M | $5.7B | 14.0% | −3% |
| 2 | T | AT&T INC | 179.47M | $5.2B | 12.8% | −2% |
| 3 | GD | GENERAL DYNAMICS CORP | 13.57M | $4.7B | 11.4% | −1% |
| 4 | HON | HONEYWELL INTL INC | 12.87M | $2.9B | 7.1% | −3% |
| 5 | PSN | PARSONS CORP DEL | 50.14M | $2.7B | 6.7% | +1% |
| 6 | GE | GE AEROSPACE | 9.55M | $2.7B | 6.7% | −2% |
| 7 | DDS | DILLARDS INC | 4.51M | $2.6B | 6.3% | ±0% |
| 8 | F | FORD MTR CO | 139.30M | $1.6B | 3.9% | +1% |
| 9 | GEV | GE VERNOVA INC | 1.61M | $1.4B | 3.4% | −4% |
| 10 | SRE | SEMPRA | 11.23M | $1.1B | 2.7% | −4% |
§ 02 · SECTOR ALLOCATION
Where the money is
Aerospace & Defense33.9% (−1pp)
Other30.6% (±0)
Telecommunication12.8% (+2pp)
Industrial Conglomerates9.1% (+1pp)
Retail6.9% (±0)
Professional Services6.7% (−1pp)
§ 03 · THE NEWPORT SIGNAL
AC read
Newport Trust Company, LLC is a Quality / Compounder fund managing $43.9 billion in assets. The fund runs a portfolio of 63 positions, moderate concentration, with the top 10 positions making up 75% of the portfolio. Trading activity is aggressive at 100% quarterly turnover, with 2 new positions and 0 exits last quarter. Top sector allocations: Aerospace & Defense (34%), Other (31%), Telecommunication (13%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Active book
+2 buys · −0 exits · 62 changed
Q4 2025
Active book
+2 buys · −0 exits · 61 changed
Q3 2025
Busy quarter
+63 buys · −0 exits · 0 changed
Q1 2025
Busy quarter
+64 buys · −0 exits · 0 changed