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Under Armour Class C

312 hedge funds and large institutions have $930M invested in Under Armour Class C in 2025 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 69 increasing their positions, 93 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.22% more ownership

Funds ownership: 74.42%75.64% (+1.2%)

1% less call options, than puts

Call options by funds: $3.49M | Put options by funds: $3.52M

7% less funds holding

Funds holding: 336312 (-24)

20% less capital invested

Capital invested by funds: $1.16B → $930M (-$231M)

26% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 93

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

35% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 57

Holders
312
Holders Change
-24
Holders Change %
-7.14%
% of All Funds
4.18%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
37
Increased
69
Reduced
93
Closed
57
Calls
$3.49M
Puts
$3.52M
Net Calls
-$25K
Net Calls Change
-$5.18M
Name Holding Trade Value Shares
Change
Change in
Stake
GC
26
GMT Capital
Georgia
$3.68M +$4.21M +617,898 New
UBS AM
27
UBS AM
Illinois
$2.93M -$418K -61,319 -11%
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$2.86M +$484K +71,012 +17%
Russell Investments Group
29
Russell Investments Group
United Kingdom
$2.72M -$2.49M -365,472 -44%
RhumbLine Advisers
30
RhumbLine Advisers
Massachusetts
$2.38M -$43.5K -6,382 -2%
Goldman Sachs
31
Goldman Sachs
New York
$2.31M +$677K +99,402 +34%
Invesco
32
Invesco
Georgia
$2.13M -$467K -68,555 -16%
PIM
33
Profit Investment Management
Maryland
$2.03M
AllianceBernstein
34
AllianceBernstein
Tennessee
$2.02M +$665K +97,599 +40%
State of Wisconsin Investment Board
35
State of Wisconsin Investment Board
Wisconsin
$1.99M -$3.11M -456,026 -58%
GAM
36
Gotham Asset Management
New York
$1.93M +$232K +34,048 +12%
Principal Financial Group
37
Principal Financial Group
Iowa
$1.78M -$16.2K -2,380 -0.8%
Swiss National Bank
38
Swiss National Bank
Switzerland
$1.57M -$25.2K -3,700 -1%
FDCDDQ
39
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.41M +$123K +18,109 +8%
State Board of Administration of Florida Retirement System
40
State Board of Administration of Florida Retirement System
Florida
$1.38M
Ameriprise
41
Ameriprise
Minnesota
$1.38M -$19.2K -2,815 -1%
JP Morgan Chase
42
JP Morgan Chase
New York
$1.34M -$176K -25,821 -10%
Wells Fargo
43
Wells Fargo
California
$1.28M +$60.6K +8,903 +4%
GCA
44
Gallagher Capital Advisors
Texas
$1.28M +$1.46M +214,800 New
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$1.27M +$82.8K +12,149 +6%
Legal & General Group
46
Legal & General Group
United Kingdom
$1.2M -$74.3K -10,901 -5%
SO
47
STRS Ohio
Ohio
$1.13M +$1.29M +189,707 New
TC
48
TwinBeech Capital
New York
$1.09M -$2.23M -327,391 -64%
New York State Teachers Retirement System (NYSTRS)
49
New York State Teachers Retirement System (NYSTRS)
New York
$1.07M
Verition Fund Management
50
Verition Fund Management
Connecticut
$992K +$523K +76,838 +85%

UA Hedge Fund Activity: Q1 2025 in Review

312 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Under Armour Class C (UA) for Q1 2025, worth a combined $930M — down 20% from $1.16B a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of UA and 37 opened new positions — a net loss of 20 holders — while 93 trimmed existing stakes and 69 added.

The largest buyer was BDT Capital Partners, adding an estimated $48.7M. The largest seller was Victory Capital Management, cutting an estimated $19.6M.

  • 312 institutional investors held Under Armour Class C (UA) as of Q1 2025, down from 336 in Q4 2024.
  • Funds reported $930M of Under Armour Class C stock for Q1 2025, down 20% quarter-over-quarter.
  • 37 funds opened new Under Armour Class C positions in Q1 2025 and 57 closed out, a net change of -20 holders.
  • The largest Under Armour Class C buyer in Q1 2025 was BDT Capital Partners, an estimated $48.7M added.
  • The largest Under Armour Class C seller in Q1 2025 was Victory Capital Management, an estimated $19.6M sold.

Based on aggregated 13F filings for Q1 2025.