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United Airlines
UAL

349 hedge funds and large institutions have $13.6B invested in United Airlines in 2013 Q4 according to their latest regulatory filings, with 80 funds opening new positions, 111 increasing their positions, 118 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 40

38% more call options, than puts

Call options by funds: $636M | Put options by funds: $460M

26% more capital invested

Capital invested by funds: $10.8B → $13.6B (+$2.84B)

24% more funds holding in top 10

Funds holding in top 10: 17 → 21 (+4)

12% more funds holding

Funds holding: 311 → 349 (+38)

1.2% more ownership

Funds ownership: 98.38% → 99.58% (+1.2%)

6% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 118

Holders
349
Holders Change
+38
Holders Change %
+12.22%
% of All Funds
10.13%
Holding in Top 10
21
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+23.53%
% of All Funds
0.61%
New
80
Increased
111
Reduced
118
Closed
40
Calls
$636M
Puts
$460M
Net Calls
+$176M
Net Calls Change
+$165M

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$198M
2
PC
PointState Capital
New York
+$86.7M
3
SIG
Senator Investment Group
New York
+$73.6M
4
CGM
Capital Growth Management
Massachusetts
+$53.2M
5
Goldman Sachs
Goldman Sachs
New York
+$50.1M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$148M
2
AM
Appaloosa Management
Florida
-$86.7M
3
CC
Carlson Capital
Texas
-$69.5M
4
JHIU
Janus Henderson Investors US
Colorado
-$63.5M
5
BA
BlackRock Advisors
Delaware
-$54M
Name Holding Trade Value Shares
Change 		Change in
Stake
Franklin Resources
51
Franklin Resources
California
$42.7M -$144K -4,100 -0.4%
PI
52
Putnam Investments
Massachusetts
$38.7M -$46.3M -1,322,500 -56%
RFS
53
Rockefeller Financial Services
New York
$37.8M +$35M +999,002 New
California Public Employees Retirement System
54
California Public Employees Retirement System
California
$37.1M +$6.7M +191,407 +24%
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$37.1M -$1.96M -56,022 -5%
MP
56
MSD Partners
New York
$34.4M +$31.8M +908,243 New
Los Angeles Capital Management
57
Los Angeles Capital Management
California
$33.7M +$155K +4,439 +0.5%
CCP
58
Clough Capital Partners
Massachusetts
$32.2M -$5.94M -169,629 -17%
Citigroup
59
Citigroup
New York
$32M +$12.2M +347,633 +70%
BlackRock
60
BlackRock
New York
$29.1M -$1.5M -42,952 -5%
Morgan Stanley
61
Morgan Stanley
New York
$28.9M +$1.19M +34,086 +5%
TA
62
Teachers Advisors
New York
$28.8M -$4.88M -139,225 -15%
SAC
63
Smith Affiliated Capital
New York
$28.4M – – –
RCM
64
Redwood Capital Management
New York
$28.2M -$8.94M -255,345 -26%
Barclays
65
Barclays
United Kingdom
$28M +$2.36M +67,400 +10%
SFM
66
Soros Fund Management
New York
$27.3M +$25.3M +721,594 New
Dimensional Fund Advisors
67
Dimensional Fund Advisors
Texas
$27.3M +$103K +2,942 +0.4%
KCM
68
Kingdon Capital Management
New York
$25.4M +$12.3M +351,000 +109%
Capital International Investors
69
Capital International Investors
California
$24M – – –
California State Teachers Retirement System (CalSTRS)
70
California State Teachers Retirement System (CalSTRS)
California
$23.9M -$298K -8,500 -1%
Lord, Abbett & Co
71
Lord, Abbett & Co
New Jersey
$23.3M +$14.2M +404,922 +193%
Federated Hermes
72
Federated Hermes
Pennsylvania
$23.2M +$117K +3,342 +0.5%
D.E. Shaw & Co
73
D.E. Shaw & Co
New York
$23M +$15.2M +432,771 +248%
State Board of Administration of Florida Retirement System
74
State Board of Administration of Florida Retirement System
Florida
$22.5M +$153K +4,382 +0.7%
Norges Bank
75
Norges Bank
Norway
$20.5M -$25.5M -728,797 -57%
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UAL Hedge Fund Activity: Q4 2013 in Review

349 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q4 2013, worth a combined $13.6B — up 26% from $10.8B a quarter earlier.

Buyers outnumbered sellers: 80 funds opened new UAL positions and 40 closed out — a net gain of 40 holders — while 111 added to existing stakes and 118 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $198M. The largest seller was T. Rowe Price Associates, cutting an estimated $148M.

  • 349 institutional investors held United Airlines (UAL) as of Q4 2013, up from 311 in Q3 2013.
  • Funds reported $13.6B of United Airlines stock for Q4 2013, up 26% quarter-over-quarter.
  • 80 funds opened new United Airlines positions in Q4 2013 and 40 closed out, a net change of +40 holders.
  • The largest United Airlines buyer in Q4 2013 was Wellington Management Group, an estimated $198M added.
  • The largest United Airlines seller in Q4 2013 was T. Rowe Price Associates, an estimated $148M sold.

Based on aggregated 13F filings for Q4 2013.