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United Airlines
UAL

580 hedge funds and large institutions have $23.5B invested in United Airlines in 2018 Q3 according to their latest regulatory filings, with 93 funds opening new positions, 150 increasing their positions, 243 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 55

51% more call options, than puts

Call options by funds: $1.56B | Put options by funds: $1.03B

29% more capital invested

Capital invested by funds: $18.2B → $23.5B (+$5.28B)

6% more funds holding

Funds holding: 546 → 580 (+34)

2.56% more ownership

Funds ownership: 94.3% → 96.85% (+2.6%)

4% less funds holding in top 10

Funds holding in top 10: 23 → 22 (-1)

38% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 243

Holders
580
Holders Change
+34
Holders Change %
+6.23%
% of All Funds
13.26%
Holding in Top 10
22
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.35%
% of All Funds
0.5%
New
93
Increased
150
Reduced
243
Closed
55
Calls
$1.56B
Puts
$1.03B
Net Calls
+$527M
Net Calls Change
+$419M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$138M
2
LPU
Lansdowne Partners (UK)
United Kingdom
+$133M
3
Deutsche Bank
Deutsche Bank
Germany
+$105M
4
Millennium Management
Millennium Management
New York
+$96.7M
5
AC
Ashler Capital
Illinois
+$95.3M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$97.6M
2
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$79.7M
3
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$77.7M
4
Barclays
Barclays
United Kingdom
-$63.6M
5
Bank of America
Bank of America
North Carolina
-$58.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity International
576
Fidelity International
Bermuda
$1K +$1.24K +15 New
AL
577
Appaloosa LP
New Jersey
– -$36.6M -525,276 Closed
Susquehanna International Group
578
Susquehanna International Group
Pennsylvania
– -$33.2M -402,412 Closed
RCM
579
Redwood Capital Management
New York
– -$20.9M -300,000 Closed
KCM
580
Kingdon Capital Management
New York
– -$17.3M -248,628 Closed
Boston Partners
581
Boston Partners
Massachusetts
– -$15.7M -225,236 Closed
PE
582
Point72 Europe
United Kingdom
– -$11.5M -165,300 Closed
CI
583
Caerus Investors
New York
– -$8.9M -127,714 Closed
TCM
584
Teza Capital Management
Illinois
– -$8.1M -116,159 Closed
EP
585
Edgestream Partners
New Jersey
– -$7.47M -107,162 Closed
LHC
586
Lodge Hill Capital
New York
– -$6.97M -100,000 Closed
ACPU
587
Arrowgrass Capital Partners (US)
Delaware
– -$5.93M -85,000 Closed
Walleye Trading
588
Walleye Trading
New York
– -$6.74M -81,765 Closed
Twin Tree Management
589
Twin Tree Management
Texas
– -$5.21M -63,165 Closed
Simplex Trading
590
Simplex Trading
Illinois
– -$4.4M -53,326 Closed
T
591
TOBAM
France
– -$3.7M -53,126 Closed
EMG
592
Ellington Management Group
Connecticut
– -$3.6M -51,695 Closed
CM
593
Crestline Management
Texas
– -$3.17M -45,408 Closed
BCC
594
Bain Capital Credit
Massachusetts
– -$2.6M -37,261 Closed
EGPO
595
EnTrust Global Partners Offshore
New York
– -$2.59M -37,200 Closed
AIA
596
Affinity Investment Advisors
California
– -$2.18M -31,280 Closed
NIM
597
Needham Investment Management
New York
– -$1.4M -20,000 Closed
LG
598
Leuthold Group
Minnesota
– -$822K -11,795 Closed
TSS
599
Two Sigma Securities
New York
– -$903K -10,952 Closed
CCM
600
Cadence Capital Management
Massachusetts
– -$740K -10,607 Closed
22 23
24
25 26

UAL Hedge Fund Activity: Q3 2018 in Review

580 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q3 2018, worth a combined $23.5B — up 29% from $18.2B a quarter earlier.

Buyers outnumbered sellers: 93 funds opened new UAL positions and 55 closed out — a net gain of 38 holders — while 150 added to existing stakes and 243 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $138M. The largest seller was BlackRock, cutting an estimated $97.6M.

  • 580 institutional investors held United Airlines (UAL) as of Q3 2018, up from 546 in Q2 2018.
  • Funds reported $23.5B of United Airlines stock for Q3 2018, up 29% quarter-over-quarter.
  • 93 funds opened new United Airlines positions in Q3 2018 and 55 closed out, a net change of +38 holders.
  • The largest United Airlines buyer in Q3 2018 was T. Rowe Price Associates, an estimated $138M added.
  • The largest United Airlines seller in Q3 2018 was BlackRock, an estimated $97.6M sold.

Based on aggregated 13F filings for Q3 2018.