United Airlines
539 hedge funds and large institutions have $17.3B invested in United Airlines in 2017 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 176 increasing their positions, 233 reducing their positions, and 97 closing their positions.
2.8% less ownership
Funds ownership: 96.29% → 93.5% (-2.8%)
10% less funds holding
Funds holding: 597 → 539 (-58)
23% less capital invested
Capital invested by funds: $22.4B → $17.3B (-$5.12B)
24% less repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 233
35% less funds holding in top 10
Funds holding in top 10: 26 → 17 (-9)
52% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 97
64% less call options, than puts
Call options by funds: $274M | Put options by funds: $765M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$242M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$222M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$133M |
| 4 |
Renaissance Technologies
New York
|
+$55.4M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$43.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$227M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$197M |
| 3 |
Janus Henderson Group
London,
|
-$141M |
| 4 |
CG
Carmignac Gestion
Paris,
France
|
-$104M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$97.7M |
UAL Hedge Fund Activity: Q3 2017 in Review
539 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q3 2017, worth a combined $17.3B — down 23% from $22.4B a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of UAL and 47 opened new positions — a net loss of 50 holders — while 233 trimmed existing stakes and 176 added.
The largest buyer was PAR Capital Management, adding an estimated $242M. The largest seller was JP Morgan Chase, cutting an estimated $227M.
- 539 institutional investors held United Airlines (UAL) as of Q3 2017, down from 597 in Q2 2017.
- Funds reported $17.3B of United Airlines stock for Q3 2017, down 23% quarter-over-quarter.
- 47 funds opened new United Airlines positions in Q3 2017 and 97 closed out, a net change of -50 holders.
- The largest United Airlines buyer in Q3 2017 was PAR Capital Management, an estimated $242M added.
- The largest United Airlines seller in Q3 2017 was JP Morgan Chase, an estimated $227M sold.
Based on aggregated 13F filings for Q3 2017.