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United Airlines

646 hedge funds and large institutions have $12.7B invested in United Airlines in 2023 Q2 according to their latest regulatory filings, with 109 funds opening new positions, 192 increasing their positions, 203 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 714 (+7)

79% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 61

28% more capital invested

Capital invested by funds: $9.9B → $12.7B (+$2.82B)

7% more funds holding

Funds holding: 601646 (+45)

2.18% more ownership

Funds ownership: 68.54%70.72% (+2.2%)

5% less repeat investments, than reductions

Existing positions increased: 192 | Existing positions reduced: 203

54% less call options, than puts

Call options by funds: $1.1B | Put options by funds: $2.38B

Holders
646
Holders Change
+45
Holders Change %
+7.49%
% of All Funds
10.14%
Holding in Top 10
14
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+100%
% of All Funds
0.22%
New
109
Increased
192
Reduced
203
Closed
61
Calls
$1.1B
Puts
$2.38B
Net Calls
-$1.28B
Net Calls Change
-$252M
Name Holding Trade Value Shares
Change
Change in
Stake
AQR Capital Management
26
AQR Capital Management
Connecticut
$95.4M +$31.2M +659,979 +60%
Citigroup
27
Citigroup
New York
$90.4M +$25.8M +546,534 +50%
Renaissance Technologies
28
Renaissance Technologies
New York
$89.7M +$10.7M +226,500 +16%
UBS Group
29
UBS Group
Switzerland
$81M +$20.1M +425,235 +40%
Prudential Financial
30
Prudential Financial
New Jersey
$78.3M +$21.6M +458,136 +47%
Walleye Trading
31
Walleye Trading
New York
$70.8M +$18.5M +392,489 +44%
PCM
32
Patient Capital Management
Maryland
$61M +$46.2M +977,580 +728%
Norges Bank
33
Norges Bank
Norway
$57.2M -$6.53M -138,228 -12%
PAM
34
Panagora Asset Management
Massachusetts
$53M +$19.1M +403,900 +72%
Balyasny Asset Management
35
Balyasny Asset Management
Illinois
$52.2M +$44.1M +934,644 +5,399%
N
36
Nuveen
North Carolina
$51M -$756K -16,005 -2%
Millennium Management
37
Millennium Management
New York
$48M -$9.11M -192,985 -18%
CGPCS
38
Capital Group Private Client Services
California
$43.6M +$254K +5,383 +0.7%
ClearBridge Investments
39
ClearBridge Investments
New York
$41.9M +$14.6M +308,827 +68%
Barclays
40
Barclays
United Kingdom
$38.8M +$58.4K +1,237 +0.2%
Federated Hermes
41
Federated Hermes
Pennsylvania
$37.7M +$679K +14,382 +2%
Group One Trading
42
Group One Trading
Illinois
$37.6M +$5.55M +117,439 +21%
Calamos Advisors
43
Calamos Advisors
Illinois
$35.9M +$7.64M +161,781 +33%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$35M -$463K -9,799 -2%
California Public Employees Retirement System
45
California Public Employees Retirement System
California
$34.4M -$1.01M -21,446 -3%
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$33.1M -$352K -7,447 -1%
Legal & General Group
47
Legal & General Group
United Kingdom
$31.8M +$989K +20,953 +4%
JP Morgan Chase
48
JP Morgan Chase
New York
$29.3M +$9.17M +194,173 +57%
Capital Fund Management (CFM)
49
Capital Fund Management (CFM)
France
$29.2M +$3.31M +70,077 +15%
First Trust Advisors
50
First Trust Advisors
Illinois
$27.7M +$9.13M +193,373 +62%

UAL Hedge Fund Activity: Q2 2023 in Review

646 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q2 2023, worth a combined $12.7B — up 28% from $9.9B a quarter earlier.

Buyers outnumbered sellers: 109 funds opened new UAL positions and 61 closed out — a net gain of 48 holders — while 192 added to existing stakes and 203 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $131M. The largest seller was Envestnet Asset Management, cutting an estimated $96.1M.

  • 646 institutional investors held United Airlines (UAL) as of Q2 2023, up from 601 in Q1 2023.
  • Funds reported $12.7B of United Airlines stock for Q2 2023, up 28% quarter-over-quarter.
  • 109 funds opened new United Airlines positions in Q2 2023 and 61 closed out, a net change of +48 holders.
  • The largest United Airlines buyer in Q2 2023 was Citadel Advisors, an estimated $131M added.
  • The largest United Airlines seller in Q2 2023 was Envestnet Asset Management, an estimated $96.1M sold.

Based on aggregated 13F filings for Q2 2023.