General Dynamics

GD • NYSE

General Dynamics is a aerospace & defense company in the industrials sector on NYSE, led by Phebe N. Novakovic, with a market cap of $92.3B. As of Q3 2025, 86% of shares are held by 1,979 institutional investors, with LONGVIEW ASSET MANAGEMENT, LLC as the largest holder at 10.15%.

Chairman and Chief Executive OfficerPhebe N. Novakovic

Market Cap$92.3B

Aerospace & Defense

Industrials

Employees111.6K

Websitegd.com

Country

United States of America

Overview

Overview of institutional ownership in GD as of Q3 2025 with a market cap of $91.7B

All Institutions

Institutions: 1,979
Value Held: $78.8B
Shares Held: 231.1M
Avg Position: $39.8M
Median Position: $895.9K

Hedge Funds

Hedge Funds: 72
Value Held: $2.2B
Shares Held: 6.4M
Avg Position: $30.1M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

83.55%

$76.6B

Hedge Funds

2.36%

$2.2B

Retail & Other

14.09%

$12.9B

Based on market cap of $91.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
LONGVIEW ASSET MANAGEMENT, LLC RIA/Wealth	Maria Eugenia Pelaez Partner	$9.3B 96.01% of portfolio	10.15% 27.3M shares	≤ Q2 2013 Held for 12y 5m+	$9.7B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.3B 0.12% of portfolio	9.01% 24.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$5.9B 0.10% of portfolio	6.46% 17.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
N Newport Trust Co Institution	-	$4.8B 10.84% of portfolio	5.19% 14.0M shares	Q4 2017 Held for 7y 11m	$43.9B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.8B 0.13% of portfolio	4.10% 11.0M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$3.3B 0.24% of portfolio	3.55% 9.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
Capital Research Global Investors RIA/Wealth	Sardar Sheraz Iftikhar CEO	$2.3B 0.44% of portfolio	2.55% 6.9M shares	≤ Q2 2013 Held for 12y 5m+	$532.36B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$2.2B 0.67% of portfolio	2.36% 6.3M shares	Q1 2022 Held for 3y 8m	$322.72B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$2.0B 0.13% of portfolio	2.18% 5.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.9B 0.12% of portfolio	2.10% 5.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for GD in Q3 2025

Net Flow: −$2.8M
Buyers: 772
Sellers: 738
Total Bought: +$3.9B
Total Sold: −$3.9B
Avg Position: $42.2M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$307.5M +901.7K shares	$567.4M 1.7M shares
NORTHERN TRUST CORP Institution	+$294.4M +863.4K shares	$1.1B 3.3M shares
B BlackRock, Inc. Institution	+$290.0M +850.5K shares	$5.9B 17.4M shares
P Pacer Advisors, Inc. Institution	+$288.3M +845.5K shares	$297.0M 871.1K shares
VANGUARD GROUP INC Institution	+$231.1M +677.7K shares	$8.3B 24.2M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$224.4M +658.1K shares	$251.4M 737.3K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$168.2M +493.4K shares	$285.4M 837.1K shares
BANK OF AMERICA CORP /DE/ Institution	+$143.6M +421.1K shares	$3.3B 9.5M shares
FMR LLC Institution	+$116.7M +342.2K shares	$1.4B 4.0M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$101.5M +297.7K shares	$121.4M 355.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$481.9M −1.4M shares	$455.1M 1.3M shares
MORGAN STANLEY RIA/Wealth	−$446.3M −1.3M shares	$1.9B 5.6M shares
WELLS FARGO & COMPANY/MN Institution	−$432.2M −1.3M shares	$1.6B 4.6M shares
LONGVIEW ASSET MANAGEMENT, LLC RIA/Wealth	−$247.9M −727.0K shares	$9.3B 27.3M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$181.8M −533.1K shares	$16.3M 47.9K shares
N Newport Trust Co Institution	−$156.3M −458.5K shares	$4.8B 14.0M shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	−$139.1M −407.8K shares	$69.1M 202.7K shares
H HSBC HOLDINGS PLC Institution	−$125.2M −368.0K shares	$217.4M 639.1K shares
JPMORGAN CHASE & CO Institution	−$109.7M −321.6K shares	$1.8B 5.2M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$108.0M −316.7K shares	$111.7M 327.4K shares

Entry and Exit Activity

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

New Positions: 122
New Value: $111.3M
Exited Positions: 103
Exited Value: $288.1M

New Positions

Institution	Position Value
S Skandinaviska Enskilda Banken AB Institution	$31.0M 91.0K shares
O Owl Creek Asset Management, L.P. Hedge Fund•Multi-Strategy	$30.9M 90.6K shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	$7.2M 21.0K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$2.6M 7.6K shares
S Sustainable Insight Capital Management, LLC Long Only Manager	$2.2M 6.3K shares
I IPG Investment Advisors LLC RIA/Wealth	$1.8M 5.4K shares
L La Banque Postale Asset Management SA Institution	$1.7M 5.0K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$1.4M 4.2K shares
T TEMA ETFS LLC Institution	$1.4M 4.0K shares
Burford Brothers, Inc. RIA/Wealth	$1.2M 3.6K shares

Exited Positions

Institution	Previous Position
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$52.9M 181.3K shares
Engineers Gate Manager LP Hedge Fund•Quant	$28.7M 98.4K shares
Ceredex Value Advisors LLC Long Only Manager	$25.7M 88.1K shares
N Nearwater Capital Markets, Ltd Institution	$19.0M 65.0K shares
C Capitolis Liquid Global Markets LLC Private Equity	$14.3M 49.0K shares
Y Y-Intercept Ltd Institution	$11.7M 40.0K shares
T TORRAY LLC Long Only Manager	$11.0M 37.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$8.7M 30.0K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$8.7M 30.0K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$8.7M 29.8K shares

Options Activity

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

Call Positions: 37
Call Value: $533.8M
Put Positions: 26
Put Value: $332.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$162.0M 4.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$70.3M 2.1K contracts
P PEAK6 LLC Institution	$51.1M 1.5K contracts
J JANE STREET GROUP, LLC Institution	$38.2M 1.1K contracts
W WOLVERINE TRADING, LLC Institution	$32.4M 975.0 contracts
UBS Group AG Institution	$25.0M 733.0 contracts
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$20.7M 685.0 contracts
R ROYAL BANK OF CANADA Institution	$17.1M 500.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$16.4M 481.0 contracts
GOLDMAN SACHS GROUP INC Institution	$13.3M 391.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$82.1M 2.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$54.4M 1.6K contracts
Caption Management, LLC Hedge Fund•Long/Short	$47.1M 1.4K contracts
UBS Group AG Institution	$23.2M 681.0 contracts
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$22.2M 735.0 contracts
CITIGROUP INC Institution	$13.6M 400.0 contracts
W WOLVERINE TRADING, LLC Institution	$12.7M 382.0 contracts
J JANE STREET GROUP, LLC Institution	$12.4M 364.0 contracts
GOLDMAN SACHS GROUP INC Institution	$11.4M 333.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$10.8M 318.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LONGVIEW ASSET MANAGEMENT, LLC RIA/Wealth	Maria Eugenia Pelaez Partner	96.01% $9.3B	10.15% 27.3M shares	≤ Q2 2013 Held for 12y 5m+	$9.7B
DRH Investments, Inc. RIA/Wealth	David R Hansen President	10.93% $12.0M	0.01% 35.2K shares	Q3 2020 Held for 5y 2m	$109.8M
N Newport Trust Co Institution	-	10.84% $4.8B	5.19% 14.0M shares	Q4 2017 Held for 7y 11m	$43.9B
Holowesko Partners Ltd. Hedge Fund•Long/Short	Mark Gordon Holowesko CEO	8.56% $23.1M	0.03% 67.8K shares	Q1 2016 Held for 9y 8m	$270.3M
Eliot Finkel Investment Counsel, LLC RIA/Wealth	Eliot Michelow Finkel Managing Partner	5.40% $9.0M	0.01% 26.3K shares	Q4 2020 Held for 4y 11m	$166.4M
T THOMAS STORY & SON LLC Institution	-	4.90% $13.3M	0.01% 39.1K shares	Q2 2020 Held for 5y 5m	$272.0M
WEYBOSSET RESEARCH & MANAGEMENT LLC RIA/Wealth	Jeannine Marie Bizier COO	4.72% $14.6M	0.02% 42.8K shares	Q2 2022 Held for 3y 5m	$309.8M
Randolph Co Inc RIA/Wealth	Carter Fitz Randolph President	4.10% $42.2M	0.05% 123.7K shares	Q2 2020 Held for 5y 5m	$1.0B
Saratoga Research & Investment Management Long Only Manager	Kevin Peter Tanner CEO	3.65% $67.3M	0.07% 197.4K shares	Q1 2020 Held for 5y 8m	$1.8B
O Owl Creek Asset Management, L.P. Hedge Fund•Multi-Strategy	Daniel Edrich Krueger Managing Partner	3.51% $30.9M	0.03% 90.6K shares	Q3 2025 Held for 2 months	$880.7M

Hedge Fund Spotlight

Discover hedge funds investing in GD

New Age Alpha Advisors, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerArmen Raphael Arus

Portfolio Value: $2.4B
Positions: 799
Last Reported: Q3 2025

Sector Allocation

Position in General Dynamics

Market Value: $774.4K
Shares Held: 2.3K
Portfolio Weight: 0.03%
Owned Since: 2024-Q3

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