Newport Trust
The Newport Trust Company is a private company whose US address is in New York City.[1] The Trust is controlled by the , through a New Hampshire-chartered trust company.[2]
The Trust controls $34 billion in Assets under management on American stock exchanges,[3] including roughly $10 billion in Boeing shares.[4] Its head offices are in Cape Town.[5] In March 2019 it held significant fractions of around four dozen major American firms, with the notable exception of the IT sector.[3] In March 2019, its fund distribution was most heavily weighted towards the industrial sector, followed in a 3:1 ratio with the telecommunications sector.[3]
References[]
- ^ "Newport Trust Co: Private Company". Bloomberg L.P.
- ^ "Evercore Agrees to Sell Its Institutional Trust and Independent Fiduciary Business to Newport Group". PR Newswire Association LLC.
- ^ a b c "Institutional Portfolio: NEWPORT TRUST CO". NASDAQ.
- ^ "Boeing Company (The) Ownership Summary". NASDAQ.
- ^ "Company Overview of Newport Trust". Bloomberg L.P.
Categories:
- 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