The Newport Trust Company is a private company whose US address is in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. The Trust is controlled by the Newport Group, through a

New Hampshire New Hampshire is a U.S. state, state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...

-chartered trust company. The Trust controls $34 billion in Assets under management on American stock exchanges, including roughly $10 billion in

Boeing The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product ...

shares and roughly $3.77 billion in shares of

General Dynamics General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and 5th largest in the Uni ...

. Its offices are based in

Walnut Creek, California Walnut Creek is a city in Contra Costa County, California, United States, located in the East Bay region of the San Francisco Bay Area, about east of the city of Oakland. With a total population of 70,127 per the 2020 census, Walnut Creek ser ...

History

In March 2019, it held significant fractions of around four dozen major American firms, with the notable exception of the IT sector. Its fund distribution was most heavily weighted towards the

industrial sector In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction ...

, followed in a 3:1 ratio with the

telecommunications Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

sector. In April 2022, Newport Trust closed a merger deal with Ascensus.

References

{{reflist Investment management companies of the United States Companies based in New York City Privately held companies of the United States Mutual funds of the United States