United Airlines
465 hedge funds and large institutions have $6.15B invested in United Airlines in 2020 Q2 according to their latest regulatory filings, with 100 funds opening new positions, 161 increasing their positions, 153 reducing their positions, and 155 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 153
8% less capital invested
Capital invested by funds: $6.7B → $6.15B (-$550M)
11% less funds holding
Funds holding: 523 → 465 (-58)
17% less call options, than puts
Call options by funds: $968M | Put options by funds: $1.17B
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
24.56% less ownership
Funds ownership: 85.74% → 61.18% (-25%)
35% less first-time investments, than exits
New positions opened: 100 | Existing positions closed: 155
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$262M |
| 2 |
D.E. Shaw & Co
New York
|
+$137M |
| 3 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
+$68.3M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$62.2M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$54.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Berkshire Hathaway
Omaha,
Nebraska
|
-$699M |
| 2 |
ACM
Altimeter Capital Management
Boston,
Massachusetts
|
-$180M |
| 3 |
Primecap Management
Pasadena,
California
|
-$121M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$116M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$88.4M |
UAL Hedge Fund Activity: Q2 2020 in Review
465 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q2 2020, worth a combined $6.15B — down 8.2% from $6.7B a quarter earlier.
Sellers outnumbered buyers: 155 funds closed out of UAL and 100 opened new positions — a net loss of 55 holders — while 153 trimmed existing stakes and 161 added.
The largest buyer was Vanguard Group, adding an estimated $262M. The largest seller was Berkshire Hathaway, exiting entirely with an estimated $699M sold.
- 465 institutional investors held United Airlines (UAL) as of Q2 2020, down from 523 in Q1 2020.
- Funds reported $6.15B of United Airlines stock for Q2 2020, down 8.2% quarter-over-quarter.
- 100 funds opened new United Airlines positions in Q2 2020 and 155 closed out, a net change of -55 holders.
- The largest United Airlines buyer in Q2 2020 was Vanguard Group, an estimated $262M added.
- The largest United Airlines seller in Q2 2020 was Berkshire Hathaway, an estimated $699M sold.
Based on aggregated 13F filings for Q2 2020.