Pennant Capital Management’s United Airlines UAL Stock Holding History

Pennant Capital 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
2016 Q2	–	Sell	-1,488,100	Closed	-$89.1M	–	46
2016 Q1	$89.1M	Sell	1,488,100 -475,000	-24%	-$25.2M	2.54%	21
2015 Q4	$112M	Buy	1,963,100 +518,600	+36%	+$29.9M	2.86%	16
2015 Q3	$76.6M	Buy	+1,444,500	New	+$81.5M	1.62%	28
2015 Q2	–	Sell	-1,015,000	Closed	-$68.3M	–	42
2015 Q1	$68.3M	Buy	1,015,000 +625,000	+160%	+$42.3M	1.28%	24
2014 Q4	$26.1M	Buy	+390,000	New	+$21.6M	0.49%	31

Other funds holding UAL

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

PCM

PAR Capital Management Boston, Massachusetts $3.45B AUM 28.5% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

ACM

Altimeter Capital Management Boston, Massachusetts $5.7B AUM 36.74% 1-Year Est. Return

JHIU

Janus Henderson Investors US Denver, Colorado $122B AUM 18.26% 1-Year Est. Return

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

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

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

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Pennant Capital Management's UAL Position: Q2 2016 in Review

Pennant Capital Management sold out of United Airlines (UAL) in Q2 2016, closing a stake of 1,488,100 shares — an estimated $89.1M sold.

Pennant Capital Management first reported a position in UAL in Q4 2014 and held it in 5 quarters. The position peaked at $112M in Q4 2015. 522 funds tracked by Wall St. Rank hold UAL as of Q2 2016.

Pennant Capital Management reported no remaining United Airlines position as of Q2 2016 after selling out during the quarter.
Pennant Capital Management sold 1,488,100 United Airlines shares in Q2 2016, an estimated $89.1M.
Pennant Capital Management first reported a position in United Airlines in Q4 2014 and held it in 5 quarters.
Pennant Capital Management's United Airlines position peaked at $112M in Q4 2015.
522 funds tracked by Wall St. Rank held United Airlines as of Q2 2016.

Based on Pennant Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.