Newport Trust Dumps 1.1 Million Parsons (PSN) Shares
Key Points
Newport sold 1,119,023 shares, with an estimated transaction value of $86.5 million based on the quarterly average price.
The transaction represented approximately 0.2% of the fund’s 13F reportable assets under management
The position remains the fund’s 4th-largest holding, accounting for 9.63% of reportable AUM.
- These 10 stocks could mint the next wave of millionaires ›
Newport Trust Company disclosed a sale of 1,119,023 shares of Parsons Corp. (NYSE:PSN) in its Oct. 31, 2025, SEC filing, an estimated $86.5 million trade based on quarterly average pricing.
What happened
According to the filing with the Securities and Exchange Commission, Newport Trust reduced its position in Parsons by 1,119,023 shares during the third quarter. The fund reported holding 51,009,167 shares at quarter-end.
What else to know
Newport's post-trade stake represents 9.63% of Newport Trust’s 13F reportable assets under management.
Top holdings after the filing:
- Boeing: $6.3 billion (14.4% of AUM)
- AT&T: $5.2 billion (11.9% of AUM)
- General Dynamics: $4.8 billion (10.8% of AUM)
- Parsons: $4.23 billion (9.63% of AUM)
- GE Aerospace: $3.00 billion (6.8% of AUM)
As of Oct. 30, shares of Parsons were priced at $82.97, down 24.6% over the past year, underperforming the S&P 500 by 38.0 percentage points.
Company Overview
| Metric | Value |
|---|---|
| Price (as of market close 2025-10-30) | $82.97 |
| Market Capitalization | $8.84 billion |
| Revenue (TTM) | $6.68 billion |
| Net Income (TTM) | $247 million |
Company Snapshot
Parsons provides integrated solutions and services in defense, intelligence, cybersecurity, space, missile defense, and critical infrastructure markets.
The company operates a project-based business model, generating revenue through contracts for engineering, program management, technology services, and software solutions.
It serves U.S. federal agencies, defense and intelligence communities, transportation authorities, and industrial clients globally.
Parsons Corporation is a leading provider of advanced technology solutions for defense, intelligence, and critical infrastructure sectors, leveraging deep expertise in cybersecurity, engineering, and program management. The company’s scale, with approximately 20,000 employees and a presence across key government and commercial markets, enables it to deliver complex, mission-critical projects worldwide. Parsons’ diversified portfolio and strong client relationships support its competitive positioning in both federal and infrastructure domains.
Foolish take
Newport Trust is invested heavily in the defense, infrastructure, and telecommunications industries. Parsons remains one of the firm's top five holdings, implying Newport hasn't lost faith in the company.
Parsons shares surged higher throughout Q3 after a June guidance update from the company told investors to expect revenue to continue to climb through the remainder of 2025. The stock had been in recovery after a more than 35% plunge in the first quarter of 2025.
That came as uncertainty surrounding government-related industries increased while the Department of Government Efficiency (DOGE) announced cuts throughout government agencies.
Newport potentially wanted to take advantage of the stock's strong recovery into the third quarter. It may have simply reallocated those funds as it added to its largest holding, Boeing, during Q3.
Investors, therefore, shouldn't take Newport's Parsons sale as any loss of confidence in the company. The outlook for spending in the defense sector has stabilized, and companies like Parsons will continue to play an important role.
Glossary
Assets Under Management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
13F Reportable Assets: Securities that institutional investment managers must disclose quarterly to the SEC on Form 13F.
Quarterly Average Price: The average closing price of a security over a three-month reporting period.
Post-trade Stake: The number of shares or value of a holding remaining after a transaction is completed.
Holding: An investment position in a particular security or asset within a portfolio.
Project-based Business Model: A structure where revenue is generated by completing specific client projects or contracts.
Mission-critical: Essential systems or services whose failure would significantly impact operations or objectives.
Diversified Portfolio: A collection of different investments designed to reduce risk by spreading exposure.
TTM: The 12-month period ending with the most recent quarterly report.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 1,055%* — a market-crushing outperformance compared to 194% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
See the stocks »
*Stock Advisor returns as of October 27, 2025
Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends GE Aerospace. The Motley Fool has a disclosure policy.
Recommended Articles
