The institutional buying cluster is modest in size and concentrated among asset managers, not activist or event-driven funds. Monitor Q4 2026 13F filings to see if these additions persist or reverse, and watch for any insider buying to corroborate the positive thesis.
Executive Summary
Four institutional asset managers increased their Northrop Grumman positions in Q3 2026, adding a net $28.9M in holdings. The buying follows the company's Q3 earnings report showing 7% YoY sales growth, raised EPS guidance, and a record $109.6B backlog, though EPS slightly missed consensus. The cluster is small in scale relative to NOC's $80.3B market cap and lacks insider corroboration.
Key Financial Metrics
Institutional Positions
Net institutional flow: $28.9M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | ADD | +75.1% | $3.8M | $1.5M |
| Wealth Enhancement Advisory Services | ADD | +68.7% | $98.3M | $26.0M |
| Vontobel Holding | ADD | +26.9% | $1.1M | $184.0K |
| Hb Wealth Management | ADD | +37.3% | $5.0M | $1.2M |
Key Facts
- 4 institutional buyers added a net $28.9M in NOC shares during Q3 2026
- No institutional sellers were identified in the cluster
- Wealth Enhancement Advisory Services made the largest addition, increasing its position by $26.0M (+68.7%)
- Q3 2026 sales were $11.1B (+7% YoY) with diluted EPS of $7.89, slightly below consensus of $7.93
- 2026 EPS guidance midpoint was raised by $0.70 to $29.55; backlog reached a record $109.6B
- Insider buying score is low (8/100) with no open-market insider purchases
Financial Impact
4 institutions added a net $28.9M in NOC holdings during Q3 2026, with total buying value of $28.9M and zero selling
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Cluster is small relative to NOC's $80.3B market cap and represents less than 0.04% of shares outstanding
- No insider buying corroborates the institutional accumulation
- EPS slightly missed consensus despite strong revenue growth
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-NOC-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 1d ago | GOVT-CONTRACT | $564.00 | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 1d ago | Institutional Cluster | $552.77 | awaiting T+5 | awaiting T+5 | No price |
Oct 23, 2026 7d ago | GOVT-CONTRACT | $565.41 | awaiting T+5 | awaiting T+5 | No price |
Oct 20, 2026 9d ago | 3/A | $534.00 $551.23 | ▲ +3.23% | ▲ +3.15% | No price |
Oct 20, 2026 9d ago | 8-K | $534.00 $551.23 | ▲ +3.23% | ▲ +3.15% | No price |
Sep 23, 2026 5w ago | GOVT-CONTRACT | $508.98 $482.00 | ▼ −5.30% | ▼ −4.88% | No price |
Sep 17, 2026 6w ago | Press Release | $524.00 $508.98 | ▼ −2.87% | ▼ −3.72% | No price |
Aug 21, 2026 9w ago | 8-K | $549.28 $539.70 | ▼ −1.74% | ▼ −2.21% | No price |
Jul 22, 2026 14w ago | GOVT-CONTRACT | $533.48 $534.85 | ▲ +0.26% | ▼ −0.22% | No price |
Jul 22, 2026 14w ago | GOVT-CONTRACT | $533.48 $534.85 | ▲ +0.26% | ▼ −0.22% | No price |
US Market Status
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