§ 13F · FUND PROFILE
Newport Trust Company, LLC.
ESOP trustee, long-term institutional
AUM · $41.5B (13F)Positions · 63Turnover · 100% · Q1Filed · Aug 13, 2026
◇ BIG MOVE · Q1
Aerospace & Defense cut 1pp. Telecommunication lifted 2pp.
CONCENTRATION
75%
Top 10 holdings
NEW BUYS
+2
+$2.9B deployed
EXITS
0
No exits
SECTOR SHIFT
AEROSPACE & DEFENSE → TELECOMMUNICATION
-1pp · +2pp
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED AUG 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | BA | BOEING CO | 28.26M | $6.1B | 14.7% | −1% |
| 2 | GD | GENERAL DYNAMICS CORP | 13.40M | $4.7B | 11.4% | −1% |
| 3 | T | AT&T INC | 178.73M | $3.7B | 8.9% | ±0% |
| 4 | GE | GE AEROSPACE | 9.23M | $3.4B | 8.3% | −3% |
| 5 | HON | HONEYWELL INTL INC | 12.87M | $2.9B | 6.9% | NEW |
| 6 | PSN | PARSONS CORP DEL | 49.37M | $2.6B | 6.2% | −2% |
| 7 | DDS | DILLARDS INC | 4.47M | $2.4B | 5.7% | −1% |
| 8 | GEV | GE VERNOVA INC | 1.56M | $1.8B | 4.4% | −3% |
| 9 | F | FORD MTR CO | 131.11M | $1.8B | 4.4% | −6% |
| 10 | SRE | SEMPRA | 10.94M | $1.0B | 2.4% | −3% |
§ 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 $41.5 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
3 OF 2 FILINGS MEASURED
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