Northrop Grumman

NOC • NYSE

Northrop Grumman is a aerospace & defense company in the industrials sector on NYSE, led by Kathy J. Warden, with a market cap of $79.9B. As of Q3 2025, 82% of shares are held by 1,665 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.45%.

Chief Executive Officer and PresidentKathy J. Warden

Market Cap$79.9B

Aerospace & Defense

Industrials

Employees101.0K

Websitenorthropgrumman.com

Country

United States of America

Overview

Overview of institutional ownership in NOC as of Q3 2025 with a market cap of $87.2B

All Institutions

Institutions: 1,665
Value Held: $71.8B
Shares Held: 117.9M
Avg Position: $43.1M
Median Position: $826.2K

Hedge Funds

Hedge Funds: 66
Value Held: $1.6B
Shares Held: 2.6M
Avg Position: $24.0M
Median Position: $2.6M

Ownership Breakdown

Institutional (non-HF)

80.53%

$70.3B

Hedge Funds

1.82%

$1.6B

Retail & Other

17.65%

$15.4B

Based on market cap of $87.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NOC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.2B 0.12% of portfolio	9.45% 13.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$8.1B 0.28% of portfolio	9.23% 13.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
C Capital International Investors Institution	-	$7.2B 1.16% of portfolio	8.22% 11.8M shares	Q1 2015 Held for 10y 8m	$615.90B
B BlackRock, Inc. Institution	-	$6.0B 0.11% of portfolio	6.88% 9.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$2.6B 0.46% of portfolio	2.98% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.2B 0.14% of portfolio	2.56% 3.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.9B 0.12% of portfolio	2.19% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$1.8B 0.46% of portfolio	2.09% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$395.36B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.7B 0.13% of portfolio	1.96% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.7B 0.11% of portfolio	1.93% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T

Net Capital Flow

Institutional buying and selling activity for NOC in Q3 2025

Traded: −$1.5B
Buyers: 782
Sellers: 653
Total Bought: +$2.6B
Total Sold: −$4.1B
Avg Position: $41.0M

Biggest Buyers

Institution	Net Bought	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$266.9M +438.0K shares	$266.9M 438.0K shares
Holocene Advisors, LP Hedge Fund•Long/Short	+$137.3M +225.3K shares	$137.3M 225.3K shares
Bank of New York Mellon Corp Institution	+$134.9M +221.4K shares	$640.5M 1.1M shares
CITIGROUP INC Institution	+$117.8M +193.3K shares	$266.1M 436.6K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$106.9M +175.5K shares	$303.1M 497.5K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	+$97.3M +159.7K shares	$97.3M 159.7K shares
N Neuberger Berman Group LLC Institution	+$90.9M +149.3K shares	$135.7M 223.0K shares
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	+$78.8M +129.4K shares	$270.2M 443.5K shares
BANK OF AMERICA CORP /DE/ Institution	+$75.5M +123.9K shares	$1.7B 2.8M shares
FMR LLC Institution	+$75.1M +123.2K shares	$1.5B 2.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$752.0M −1.2M shares	$2.6B 4.3M shares
MORGAN STANLEY RIA/Wealth	−$284.6M −467.0K shares	$2.2B 3.7M shares
UBS Group AG Institution	−$243.8M −400.1K shares	$318.7M 523.1K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$234.3M −384.5K shares	$1.4B 2.3M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$220.5M −361.9K shares	$49.1M 80.6K shares
B BESSEMER GROUP INC Institution	−$156.3M −256.6K shares	$330.0M 541.5K shares
Clearbridge Investments, LLC Long Only Manager	−$148.3M −243.5K shares	$492.0M 807.4K shares
STATE STREET CORP Institution	−$129.3M −212.2K shares	$8.1B 13.2M shares
C Capital International Investors Institution	−$123.8M −203.3K shares	$7.2B 11.8M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$113.5M −186.3K shares	$109.4M 179.5K shares

Entry and Exit Activity

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

New Positions: 74
New Value: $89.7M
Exited Positions: 88
Exited Value: $214.9M

New Positions

Institution	Position Value
LIBERTY ONE INVESTMENT MANAGEMENT, LLC RIA/Wealth	$60.1M 98.6K shares
Huntleigh Advisors, Inc. RIA/Wealth	$2.8M 4.6K shares
C CacheTech Inc. Hedge Fund•Multi-Strategy	$2.6M 4.3K shares
A Adams Wealth Management Institution	$2.4M 3.9K shares
M Mediolanum International Funds Ltd Institution	$1.7M 2.9K shares
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. RIA/Wealth	$1.5M 2.5K shares
T TEMA ETFS LLC Institution	$1.4M 2.2K shares
S STEINBERGANNA WEALTH MANAGEMENT RIA/Wealth	$1.2M 2.0K shares
O Old West Investment Management, LLC Hedge Fund•Multi-Strategy	$1.1M 1.8K shares
Berman McAleer LLC RIA/Wealth	$871.4K 1.4K shares

Exited Positions

Institution	Previous Position
L Laurel Wealth Advisors LLC RIA/Wealth	$84.7M 169.5K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$18.5M 37.1K shares
K Kapitalo Investimentos Ltda Institution	$16.8M 33.7K shares
S SOROS FUND MANAGEMENT LLC Institution	$14.0M 28.0K shares
Soundwatch Capital LLC ETF Provider	$12.8M 12.9M shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$11.8M 23.5K shares
A AXA Institution	$8.2M 16.3K shares
Numerai GP LLC Hedge Fund•Quant	$4.9M 9.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.7M 9.5K shares
UBS OCONNOR LLC Long Only Manager	$3.7M 7.5K shares

Options Activity

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

Call Positions: 36
Call Value: $548.7M
Put Positions: 35
Put Value: $605.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$177.1M 2.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$98.4M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$41.3M 695.0 contracts
UBS Group AG Institution	$37.4M 614.0 contracts
J JANE STREET GROUP, LLC Institution	$33.1M 544.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$32.3M 530.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$24.6M 403.0 contracts
R ROYAL BANK OF CANADA Institution	$15.2M 250.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$12.7M 209.0 contracts
P PEAK6 LLC Institution	$12.3M 202.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$224.9M 3.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$93.3M 1.5K contracts
CITIGROUP INC Institution	$65.2M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$56.2M 923.0 contracts
UBS Group AG Institution	$39.2M 643.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$38.9M 638.0 contracts
W WOLVERINE TRADING, LLC Institution	$21.9M 368.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$12.1M 199.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$11.5M 189.0 contracts
C Cubist Systematic Strategies, LLC Institution	$7.1M 117.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C Canal Insurance CO Institution	-	5.48% $24.4M	0.03% 40.1K shares	≤ Q2 2013 Held for 12y 5m+	$445.8M
Focused Investors LLC Hedge Fund•Value	Nugroho (Nmn) Soeharto Managing Partner	3.95% $129.1M	0.15% 211.8K shares	Q3 2020 Held for 5y 2m	$3.3B
LIBERTY ONE INVESTMENT MANAGEMENT, LLC RIA/Wealth	Roch Richard Tranel CEO	3.38% $60.1M	0.07% 98.6K shares	Q3 2025 Held for 2 months	$1.8B
V Vantage Investment Partners, LLC Institution	-	3.29% $48.2M	0.06% 79.1K shares	Q2 2023 Held for 2y 5m	$1.5B
A AHL INVESTMENT MANAGEMENT, INC. RIA/Wealth	Richard A Ahl President	3.24% $4.7M	0.01% 7.8K shares	Q4 2021 Held for 3y 11m	$146.3M
A ASSET PLANNING SERVICES INC /LA/ /ADV RIA/Wealth	Claude Paul Duet President	3.18% $7.6M	0.01% 12.4K shares	Q1 2022 Held for 3y 8m	$237.3M
Mawer Investment Management Ltd. Long Only Manager	Geoffrey Grafton Ritchie Chairman	3.05% $587.9M	0.67% 964.8K shares	Q2 2025 Held for 5 months	$19.3B
Boyer & Corporon Wealth Management, LLC RIA/Wealth	Eric Charles Clark CEO	3.05% $10.2M	0.01% 16.7K shares	Q4 2024 Held for 11 months	$334.0M
Stolper Co RIA/Wealth	Jon David Stolper President	2.94% $8.9M	0.01% 14.6K shares	Q4 2020 Held for 4y 11m	$302.8M
Advisor OS, LLC Fund of Funds	Phillip John Kosmala Managing Partner	2.64% $29.6M	0.03% 48.6K shares	Q4 2020 Held for 4y 11m	$1.1B