Longview cuts General Dynamics stake to 9.0% after selling about 2.7 million shares

Longview Asset Management has trimmed its stake in General Dynamics. The investment firm said in a regulatory filing late Tuesday that it beneficially owned 24,388,917 General Dynamics shares as of Oct. 1, or about 9.0% of the outstanding stock.

That is down 2,707,871 shares from the 27,096,788 shares, about 10%, that Longview reported in its previous Schedule 13D amendment on Aug. 28. The new filing lists 25 transactions in that exact amount between Sept. 1 and Oct. 1.

At the per-share prices listed, which ranged from $332.20 to $369.72, those transactions totaled about $954 million, or roughly $352 a share on average.

A sale flagged in August

The selling was telegraphed. In its August amendment, Longview said it "may elect to sell up to 12.5%" of the 27,096,788 shares it held as of Aug. 28, a ceiling of about 3.39 million shares, to diversify its overall investment portfolio.

Longview said then that the potential sales were driven by its own portfolio allocation considerations and were "unrelated to any matter pertaining to the Issuer." By the latest filing, it had sold about 80% of that ceiling.

Longview holds the shares through client accounts it manages. Both filings calculate its ownership percentage using the 270,557,195 General Dynamics shares outstanding as of July 5, 2026, as reported in the company's quarterly report.

By the numbers

• Shares owned as of Oct. 1: 24,388,917 (about 9.0%)
• Shares owned in August filing: 27,096,788 (about 10%)
• Shares sold Sept. 1 to Oct. 1: 2,707,871 in 25 transactions
• Price range: $332.20 to $369.72
• Approximate value at listed prices: $954 million
• August sale ceiling: up to 12.5% of the August stake

Sources

1. Longview Asset Management, LLC, Schedule 13D/A (Amendment No. 31) for General Dynamics Corporation, filed Oct. 6, 2026, accession 0001193125-26-415880
2. Exhibit A (transactions) to Amendment No. 31
3. Longview Asset Management, LLC, Schedule 13D/A (Amendment No. 30) for General Dynamics Corporation, filed Aug. 28, 2026, accession 0001193125-26-374975

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.