Caption Management’s United Airlines UAL Stock Holding History

Caption Management’s Portfolio UAL Stock Details UAL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$41.4M	Buy	+450,000	New	+$47.2M	0.24%	85
2023 Q1	–	Sell	-100,000	Closed	-$3.77M	–	1577
2022 Q4	$3.77M	Hold	100,000	–	–	0.06%	387
2022 Q3	$3.25M	Sell	100,000 -133,300	-57%	-$4.96M	0.04%	487
2022 Q2	$8.26M	Buy	233,300 +133,300	+133%	+$5.85M	0.11%	229
2022 Q1	$4.64M	Hold	100,000	–	–	0.06%	460
2021 Q4	$4.38M	Buy	+100,000	New	+$4.64M	0.05%	499
2021 Q3	–	Sell	-272,700	Closed	-$14.3M	–	1810
2021 Q2	$14.3M	Buy	+272,700	New	+$15.1M	0.19%	124
2020 Q4	–	Sell	-50,000	Closed	-$1.74M	–	1254
2020 Q3	$1.74M	Hold	50,000	–	–	0.04%	479
2020 Q2	$1.73M	Sell	50,000 -16,600	-25%	-$498K	0.06%	413
2020 Q1	$2.1M	Buy	+66,600	New	+$4.4M	0.12%	240

Other funds holding UAL

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Caption Management's UAL Position: Q1 2026 in Review

Caption Management reduced its United Airlines (UAL) stake by 35% in Q1 2026, selling an estimated $3.54M and leaving 62,971 shares worth $5.8M. The position accounts for 0.03% of the portfolio, ranked #489.

Caption Management first reported a position in UAL in Q2 2021 and has held it in 7 quarters since. The position peaked at $10.8M in Q4 2025. 972 funds tracked by Wall St. Rank hold UAL as of Q1 2026.

Caption Management held 62,971 shares of United Airlines worth $5.8M as of Q1 2026.
Caption Management sold 33,829 United Airlines shares in Q1 2026, an estimated $3.54M.
United Airlines made up 0.03% of Caption Management's portfolio in Q1 2026, its #489 holding.
Caption Management first reported a position in United Airlines in Q2 2021 and has held it in 7 quarters since.
Caption Management's United Airlines position peaked at $10.8M in Q4 2025.
972 funds tracked by Wall St. Rank held United Airlines as of Q1 2026.

Based on Caption Management's 13F filing for Q1 2026, filed 15 May 2026.