In a quarterly disclosure filed with the SEC on October 13, 2026, major investor David Katz's Matrix Asset Advisors reported the complete sale of its stake in aerospace and defense giant Lockheed Martin. The filing, which covers the third quarter ending September 30, 2026, revealed the liquidation of 33,410 shares, previously valued at approximately $17.02 million.
This move marks a notable change for the investment firm, as the Lockheed Martin position previously accounted for 1.38% of its reported portfolio. Investors are reminded that 13F filings reflect portfolio changes from the previous quarter and do not represent same-day trading activity. The sale occurred during a period of strong operational performance for Lockheed Martin, which is expected to report its third-quarter earnings on October 22, 2026.