NEW YORK, July 13, 2026 – Recent filings reveal that Citizens Financial Group (NYSE:CFG) nearly doubled its stake in Boeing Co. (NYSE:BA), but the disclosure is not a sign of fresh buying. The 13F filing, signed May 1, reflects holdings as of March 31, with no evidence of new purchases this week.
Boeing shares slipped 1.6% to $218.73 on Monday. Along with filings from First Interstate Bank (part of First Interstate BancSystem, NASDAQ:FIBK) and Meitav Investment House (TLV:MTAV), the combined net first-quarter increase was 66,217 Boeing shares. That figure amounts to just 1.03% of Boeing’s 6.43 million-share average daily volume over the past 65 trading days.
13F Filings Provide a Lagging Snapshot
Form 13F offers a quarterly look at U.S.-listed holdings for managers with $100 million or more in assets. Firms have up to 45 days after quarter-end to file, and the reports do not disclose exact trade dates or prices. Consequently, these filings do not confirm whether any of the three managers bought Boeing in July.
Manager Breakdown
- Citizens Financial Group: Increased stake by 94.9%, adding 12,150 shares to end Q1 with 24,957 shares valued at $4.967 million. Boeing represented 0.07% of its $7.19 billion 13F portfolio.
- First Interstate Bank: Boosted holdings by 549.3%, adding 5,361 shares to reach 6,337 shares worth $1.261 million. Boeing weight: 0.07% of its $1.78 billion portfolio.
- Meitav Investment House: Rose 32.7%, adding 48,706 shares to own 197,606 shares valued at $39.330 million. Boeing accounted for 0.43% of its $9.12 billion portfolio.
Meitav stands out, contributing 73.6% of the net shares added and 86.3% of the quarter-end value. Its Boeing stake was roughly six times larger relative to portfolio size compared to the two banks.
Scale Check
The combined Q1 net increase of 66,217 shares equals just 1.03% of Boeing’s average daily volume. Total holdings as of March 31 were 228,900 shares, worth about $45.56 million at quarter-end, or roughly $50.07 million at Monday’s price. That represents only 0.029% of Boeing’s current market capitalization.
Production Remains the Real Story
These filings hint at institutional positioning but do not reflect demand that could move shares. What matters more is Boeing’s ability to accelerate jet production. Boeing recently opened a fourth 737 MAX line in Everett, boosting monthly output from 42 to 47 jets. The company aims to reach 52 per month early next year. CEO Kelly Ortberg described the Everett line as “a carbon copy” of the Renton facility. Boeing’s MAX competes directly with Airbus’s A320neo family (EPA:AIR).
Production is critical as Boeing works through its massive backlog to generate cash flow. First-quarter revenue reached $22.2 billion, supported by 143 commercial jet deliveries. However, free cash flow was negative $1.5 billion after capital spending. Boeing’s backlog stands at $695 billion, encompassing more than 6,100 commercial aircraft.
The filings may already be outdated, as managers could have traded after March 31. Key downside risks include supplier constraints that could delay production ramp-ups and keep cash flow tight. The commercial airplanes segment posted a $563 million loss last quarter despite higher sales. Ortberg noted, “It’s been a tough quarter in terms of engine deliveries for us,” according to Reuters.
Boeing is scheduled to report second-quarter earnings on July 28. For now, these three updates indicate some Q1 buying by Meitav, but they do not signal widespread new institutional moves into Boeing stock this month.
