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Pro Analysis

Top trader Lebenthal, up 33% in 2016, sells Lockheed shares on fears of scrutiny of program costs

Lockheed Martin F-35B Lightning II
the_guitar_mann | Getty Images
Lockheed Martin F-35B Lightning II

CNBC "Halftime Report" investor Jim Lebenthal dumped his shares of Lockheed Martin for his CNBC PRO model portfolio 10 days after buying them in the wake of a critical Donald Trump tweet against the company.

The CEO of Lebenthal Asset Management is up 33 percent this year and is not taking any chances with about a week left in the competition. He came out about even on the quick trade .

Earlier this month, the president-elect criticized the costs of Lockheed Martin's F-35 program on Twitter, knocking the defense company's shares.

Lebenthal explained why he's selling the shares now: