Three Bays Capital’s United Airlines UAL Stock Holding History

Three Bays Capital’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
2017 Q2	–	Sell	-937,900	Closed	-$66.3M	–	22
2017 Q1	$66.3M	Buy	+937,900	New	+$67.8M	5.43%	8
2016 Q4	–	Sell	-1,323,500	Closed	-$69.4M	–	28
2016 Q3	$69.4M	Buy	1,323,500 +44,247	+3%	+$2.13M	4.61%	10
2016 Q2	$52.5M	Buy	+1,279,253	New	+$60.5M	2.73%	13

Other funds holding UAL

Berkshire Hathaway Omaha, Nebraska $299B AUM 27.55% 1-Year Est. Return

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

Primecap Management Pasadena, California $169B AUM 114.72% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

PCM

PAR Capital Management Boston, Massachusetts $4.03B AUM 35.05% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

ACM

Altimeter Capital Management Boston, Massachusetts $9.83B AUM 24.98% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Janus Henderson Group London $209B AUM 37.72% 1-Year Est. Return

Three Bays Capital's UAL Position: Q2 2017 in Review

Three Bays Capital sold out of United Airlines (UAL) in Q2 2017, closing a stake of 937,900 shares — an estimated $66.3M sold.

Three Bays Capital first reported a position in UAL in Q2 2016 and held it in 3 quarters. The position peaked at $69.4M in Q3 2016. 597 funds tracked by Wall St. Rank hold UAL as of Q2 2017.

Three Bays Capital reported no remaining United Airlines position as of Q2 2017 after selling out during the quarter.
Three Bays Capital sold 937,900 United Airlines shares in Q2 2017, an estimated $66.3M.
Three Bays Capital first reported a position in United Airlines in Q2 2016 and held it in 3 quarters.
Three Bays Capital's United Airlines position peaked at $69.4M in Q3 2016.
597 funds tracked by Wall St. Rank held United Airlines as of Q2 2017.

Based on Three Bays Capital's 13F filing for Q2 2017, filed 14 Aug 2017.