Leonardo DRS, Inc.

DRS • NASDAQ

Leonardo DRS, Inc. is a aerospace & defense company in the industrials sector on NASDAQ, led by William J. Lynn III, with a market cap of $9.1B. As of Q3 2025, 25% of shares are held by 315 institutional investors, with VANGUARD GROUP INC as the largest holder at 2.89%.

Chief Executive OfficerWilliam J. Lynn III

Market Cap$9.1B

Aerospace & Defense

Industrials

Employees6.6K

Websiteleonardodrs.com

Country

United States of America

Overview

Overview of institutional ownership in DRS as of Q3 2025 with a market cap of $12.1B

All Institutions

Institutions: 315
Value Held: $3.0B
Shares Held: 66.7M
Avg Position: $9.6M
Median Position: $693.0K

Hedge Funds

Hedge Funds: 44
Value Held: $322.2M
Shares Held: 7.1M
Avg Position: $7.3M
Median Position: $2.1M

Ownership Breakdown

Institutional (non-HF)

22.39%

$2.7B

Hedge Funds

2.67%

$322.2M

Retail & Other

74.94%

$9.1B

Based on market cap of $12.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DRS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$348.8M 0.01% of portfolio	2.89% 7.7M shares	Q4 2022 Held for 2y 11m	$6.69T
B BlackRock, Inc. Institution	-	$214.4M 0.00% of portfolio	1.77% 4.7M shares	Q4 2022 Held for 2y 11m	$5.67T
FMR LLC Institution	-	$192.3M 0.01% of portfolio	1.59% 4.2M shares	Q4 2022 Held for 2y 11m	$1.92T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$174.1M 0.01% of portfolio	1.44% 3.8M shares	Q4 2022 Held for 2y 11m	$2.88T
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$166.2M 0.12% of portfolio	1.38% 3.7M shares	Q4 2022 Held for 2y 11m	$134.11B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$116.8M 0.01% of portfolio	0.97% 2.6M shares	Q2 2023 Held for 2y 5m	$912.31B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$102.2M 0.02% of portfolio	0.85% 2.3M shares	Q4 2022 Held for 2y 11m	$633.08B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$85.4M 0.03% of portfolio	0.71% 1.9M shares	Q2 2023 Held for 2y 5m	$317.45B
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$82.6M 0.09% of portfolio	0.68% 1.8M shares	Q2 2024 Held for 1y 5m	$96.6B
ING INVESTMENT MANAGEMENT LLC Insurance Manager	Robert Jay Presser Director	$82.0M 0.09% of portfolio	0.68% 1.8M shares	Q2 2023 Held for 2y 5m	$88.4B

Net Capital Flow

Institutional buying and selling activity for DRS in Q3 2025

Net Flow: +$43.2M
Buyers: 129
Sellers: 155
Total Bought: +$546.7M
Total Sold: −$503.5M
Avg Position: $9.3M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$96.5M +2.1M shares	$116.8M 2.6M shares
FIRST TRUST ADVISORS LP ETF Provider	+$89.6M +2.0M shares	$166.2M 3.7M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$48.7M +1.1M shares	$80.6M 1.8M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$47.1M +1.1M shares	$56.0M 1.3M shares
FMR LLC Institution	+$32.9M +724.6K shares	$192.3M 4.2M shares
UBS Group AG Institution	+$27.5M +604.8K shares	$32.3M 711.6K shares
STATE STREET CORP Institution	+$23.7M +523.1K shares	$174.1M 3.8M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$14.4M +317.3K shares	$82.0M 1.8M shares
Trexquant Investment LP Hedge Fund•Quant	+$12.5M +274.9K shares	$12.5M 274.9K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$11.1M +244.3K shares	$12.8M 281.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$93.1M −2.0M shares	$76.6M 1.7M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$72.7M −1.6M shares	Sold Off 0 shares
Invesco Ltd. ETF Provider	−$68.9M −1.5M shares	$102.2M 2.3M shares
LORD, ABBETT & CO. LLC Long Only Manager	−$39.4M −848.4K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$17.1M −376.2K shares	$2.4M 53.8K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$15.2M −334.5K shares	$6.3M 139.4K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$14.5M −318.9K shares	$24.7M 543.9K shares
GOLDMAN SACHS GROUP INC Institution	−$12.9M −283.4K shares	$11.1M 243.6K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	−$12.7M −274.0K shares	Sold Off 0 shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$8.9M −195.6K shares	$85.4M 1.9M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DRS in Q3 2025

New Positions: 44
New Value: $52.6M
Exited Positions: 56
Exited Value: $188.8M

New Positions

Institution	Position Value
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$13.1M 289.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$10.0M 220.1K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$3.4M 74.4K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$2.8M 61.3K shares
C CREDIT AGRICOLE S A Institution	$2.5M 55.7K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$2.3M 51.4K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$1.9M 41.0K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$1.6M 34.7K shares
PFG Advisors RIA/Wealth	$1.5M 32.7K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$1.4M 30.0K shares

Exited Positions

Institution	Previous Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$72.7M 1.6M shares
LORD, ABBETT & CO. LLC Long Only Manager	$39.4M 848.4K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$12.7M 274.0K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$8.1M 174.1K shares
EAM Investors, LLC Long Only Manager	$5.3M 114.5K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$5.2M 111.2K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$5.0M 106.5K shares
EAM Global Investors LLC Long Only Manager	$4.9M 105.5K shares
Oliver Luxxe Assets LLC RIA/Wealth	$4.3M 91.5K shares
F First Eagle Investment Management, LLC Long Only Manager	$3.9M 84.7K shares

Options Activity

Institutions with the largest Call and Put options positions in DRS as of Q3 2025

Call Positions: 10
Call Value: $31.7M
Put Positions: 6
Put Value: $8.5M

Call Positions

Institution	Position Value
P PEAK6 LLC Institution	$10.4M 2.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.2M 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.9M 1.5K contracts
J JANE STREET GROUP, LLC Institution	$2.3M 497.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 380.0 contracts
Walleye Trading LLC RIA/Wealth	$699.2K 154.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$631.1K 139.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$526.6K 116.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$245.2K 54.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$222.5K 49.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.3M 953.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.2M 487.0 contracts
W WOLVERINE TRADING, LLC Institution	$656.4K 150.0 contracts
J JANE STREET GROUP, LLC Institution	$485.8K 107.0 contracts
Walleye Trading LLC RIA/Wealth	$476.7K 105.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$331.4K 73.0 contracts

Most Committed Institutions

Institutions with DRS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Tower View Investment Management & Research LLC RIA/Wealth	Raman John Ghei Founder	2.21% $4.3M	0.04% 94.3K shares	Q1 2023 Held for 2y 8m	$193.3M
Illumine Investment Management, LLC RIA/Wealth	Amanda K Holloway CCO	1.85% $2.6M	0.02% 57.3K shares	Q4 2024 Held for 11 months	$140.3M
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	Nancy Beth Prial CEO	1.83% $11.9M	0.10% 262.6K shares	Q4 2022 Held for 2y 11m	$652.5M
H Herald Investment Management Ltd Institution	-	1.74% $12.9M	0.11% 285.0K shares	Q4 2022 Held for 2y 11m	$745.8M
PHILADELPHIA TRUST CO Hedge Fund•Long/Short	Andrew Larkin Peek CEO	1.68% $23.1M	0.19% 509.2K shares	Q1 2023 Held for 2y 8m	$1.4B
M MYDA Advisors LLC Hedge Fund•Long/Short	Jason Marc Lieber Managing Partner	1.19% $3.6M	0.03% 80.0K shares	Q3 2025 Held for 2 months	$305.2M
L Ledgewood Wealth Advisors, LLC RIA/Wealth	Lawrence Edward Sarkozy COO	0.98% $1.6M	0.01% 36.0K shares	Q4 2023 Held for 1y 11m	$167.3M
MRP Capital Investments, LLC RIA/Wealth	Macarther Royster Plumart Managing Partner	0.95% $1.5M	0.01% 31.7K shares	Q1 2023 Held for 2y 8m	$154.4M
Y Y.D. More Investments Ltd Institution	-	0.78% $13.5M	0.11% 298.0K shares	Q1 2024 Held for 1y 8m	$1.7B
Virtus ETF Advisers LLC Long Only Manager	Andra Cynthia Purkalitis President	0.65% $967.2K	0.01% 21.3K shares	Q1 2025 Held for 8 months	$148.9M

Hedge Fund Spotlight

Discover hedge funds investing in DRS

CAPSTONE INVESTMENT ADVISORS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerPaul Matthew Britton

Portfolio Value: $9.4B
Positions: 1,012
Last Reported: Q3 2025

Sector Allocation

Position in Leonardo DRS, Inc.

Market Value: $1.6M
Shares Held: 34.7K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$1.3B	13.35%
2 Microsoft MSFT	Software - Infrastructure Technology	$1.1B	11.84%
3 Amazon AMZN	Specialty Retail Consumer Cyclical	$1.0B	11.12%