US defense giant’s top holder dumps nearly $1 billion of stock

General Dynamics’ largest shareholder, a family office that first acquired shares in the massive US defense contractor in 1959 , has slashed its stake by nearly $1 billion and was responsible for 9.6% of all General Dynamics stock that traded during the month of September. Those sales have cut its stake in the $89 billion military equipment provider by approximately 10% since August 26. Manager of the Henry Crown family fortune, Longview Asset Management, sold roughly one out of every 10 General Dynamics shares that traded last month: 2,638,137 shares of September’s 27,591,000 in total volume.

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