The divergence between large passive sellers (Capital Group, Wellington) and active value/quant buyers (Arrowstreet, RenTech, Balyasny) creates a tactical setup. Monitor GD's next earnings for backlog growth and margin trends — active manager buying suggests a value thesis, while the net selling pressure from larger holders warrants caution. The 45-day 13F lag means these positions may have already been adjusted.
Executive Summary
A mixed institutional cluster in GD for Q1 2026 shows 38 buyers accumulating $530.2M in new positions, led by Canada Pension Plan (+$105.2M) and Mirae Asset Global ETFs (+$227.8M), while 31 sellers reduced holdings by $1.09B, led by Capital Group (-$569.5M) and Wellington Management (-$210.4M). The net selling pressure of ~$556M suggests institutional rotation out of defense, but active manager buying (Arrowstreet, Allianz, Balyasny) signals selective conviction in GD's valuation or backlog.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$556.7M
▲ Buyers (38)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Mirae Asset Global Etfs Holdin | ADD | +44.8% | $706.4M | $227.8M |
| Canada Pension Plan Investment | ADD | +59.4% | $273.4M | $105.2M |
| Arrowstreet Capital, Limited P | ADD | +65.7% | $220.3M | $89.9M |
| Allianz Asset Management | ADD | +43% | $122.2M | $38.3M |
| National Bank Of Canada | ADD | +35.3% | $107.7M | $29.6M |
| RenTech | NEW | +0% | $10.4M | $10.4M |
| Capital World Investors | NEW | +0% | $10.1M | $10.1M |
| Balyasny Asset Management | DOUBLED | +179.6% | $9.5M | $6.2M |
▼ Sellers (31)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Capital Group | TRIM | -31.1% | $1.9B | -$569.5M |
| Wellington Management Group | TRIM | -63.7% | $334.2M | -$210.4M |
| Hsbc Holdings | TRIM | -30.5% | $331.3M | -$96.4M |
| Manufacturers Life Insurance C | TRIM | -60.1% | $113.4M | -$67.3M |
| Prudential Financial | TRIM | -30.5% | $211.8M | -$61.7M |
| Marshall Wace | NEAR_EXIT | -99.3% | $72.6M | -$72.1M |
| Matrix | EXIT | -100% | $10.0M | -$10.0M |
Key Facts
- 38 institutional buyers added $530.2M in GD positions during Q1 2026
- 31 institutional sellers reduced holdings by $1.09B, creating net selling of ~$556M
- Largest buyer: Mirae Asset Global ETFs added $227.8M (47.6% increase to $706.4M)
- Largest seller: Capital Group trimmed $569.5M (31.1% reduction to $1.35B)
- Notable new positions: RenTech ($10.4M) and Capital World Investors ($10.1M)
- Marshall Wace nearly exited, selling 99.3% of its $72.6M position
- Active managers (Arrowstreet, Allianz, Balyasny) showed strong conviction with 65.7%, 43.0%, and 179.6% increases respectively
Financial Impact
Net institutional selling of approximately $556M, with $530.2M in buying vs $1.09B in selling
Risk Factors
- 13F data is 45+ days stale — Q2 positioning may differ materially
- Net selling of $556M from large holders could indicate sector rotation out of defense
- Passive rebalancing by Capital Group may not reflect fundamental view on GD
- Historical calibration shows GD reports have negative avg alpha T+20 (-6.72% vs SPY)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-GD-2026-Q1 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Insider Cluster | $394.21 $354.25 | ▼ −10.14% | ▼ −8.24% | — |
Aug 12, 2026 7w ago | Insider Cluster | $394.21 $354.25 | ▼ −10.14% | ▼ −8.24% | — |
Aug 6, 2026 8w ago | Insider Cluster | $386.92 $365.05 | ▼ −5.65% | ▼ −6.25% | — |
Aug 6, 2026 8w ago | Insider Cluster | $386.92 $365.05 | ▼ −5.65% | ▼ −6.25% | — |
Aug 6, 2026 8w ago | Insider Cluster | $386.92 $365.05 | ▼ −5.65% | ▼ −6.25% | — |
Aug 5, 2026 8w ago | Press Release | $384.08 $364.07 | ▼ −5.21% | ▼ −4.61% | — |
Aug 4, 2026 8w ago | Insider Cluster | $384.08 $364.07 | ▼ −5.21% | ▼ −4.61% | — |
Jul 29, 2026 9w ago | Press Release | $382.20 $380.06 | ▼ −0.56% | ▼ −4.53% | — |
Jul 29, 2026 9w ago | 8-K | $380.96 $382.02 | ▲ +0.28% | ▼ −4.74% | — |
Jul 21, 2026 10w ago | Court Ruling | $367.73 $393.48 | ▲ +7.00% | ▲ +4.44% | — |
US Market Status
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