NORTHROP GRUMMAN CORP

NORTHROP GRUMMAN CORP (NOC, CIK 666807102) closed Q1 2026 with 1,814 institutional holders managing $77.4B — the fourth-largest institutional holder base among U.S. large-caps on this platform. The quarter's signature event is a within-family reallocation at Capital Group: Capital International Investors (CIK 1562230) cut NOC by $1.71B (–4.4M shares, –38.6%), while Capital World Investors (CIK 1422849) added $2.74B (+3.5M shares, +101.2%) — a net Capital Group surge of roughly +$1.03B that is the largest single-quarter active-manager swing in the register. Wellington Management entered in force (+$1.79B, +2.2M shares, +64.1%, growing from $2.8B to $3.4B), while Goldman Sachs added $340M (+373K shares, +48.9%). BlackRock modestly increased (+$1.51B, +$501K shares, +4.8%). The selling side was narrow: JPMorgan reduced $47M (–447K), Bank of NY Mellon reduced $117M (–361K), and Morgan Stanley trimmed $371M. Three Vanguard entities (Vanguard Capital Management, Vanguard Portfolio Management, Vanguard Fiduciary Trust) appear as new entries totaling $8.5B — these are reporting artifacts of Vanguard's multi-CIK structure, not genuine new capital. State Street reduced slightly (–$1.34B on paper, but current $8.9B remains the #1 holder). The honest read: Q1 2026 is an active-manager repositioning quarter at NOC, led by Capital Group's internal rotation from active International into its broad-world sleeve, with Wellington and Goldman adding new long-conviction money — the net institutional flow is positive for the name despite a wide holder-level divergence in direction.