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United Airlines

629 hedge funds and large institutions have $22.3B invested in United Airlines in 2018 Q4 according to their latest regulatory filings, with 120 funds opening new positions, 208 increasing their positions, 196 reducing their positions, and 65 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 65

19% more call options, than puts

Call options by funds: $1.19B | Put options by funds: $1B

8% more funds holding

Funds holding: 580629 (+49)

1.29% more ownership

Funds ownership: 96.85%98.14% (+1.3%)

6% more repeat investments, than reductions

Existing positions increased: 208 | Existing positions reduced: 196

5% less capital invested

Capital invested by funds: $23.5B → $22.3B (-$1.2B)

18% less funds holding in top 10

Funds holding in top 10: 2218 (-4)

Holders
629
Holders Change
+49
Holders Change %
+8.45%
% of All Funds
14.02%
Holding in Top 10
18
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-18.18%
% of All Funds
0.4%
New
120
Increased
208
Reduced
196
Closed
65
Calls
$1.19B
Puts
$1B
Net Calls
+$191M
Net Calls Change
-$336M
Name Holding Trade Value Shares
Change
Change in
Stake
Primecap Management
1
Primecap Management
California
$3.2B -$10.3M -117,636 -0.3%
Berkshire Hathaway
2
Berkshire Hathaway
Nebraska
$1.84B -$355M -4,045,900 -16%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.74B +$68.7M +782,314 +4%
BlackRock
4
BlackRock
New York
$1.39B -$70M -796,603 -5%
PCM
5
PAR Capital Management
Massachusetts
$1.31B
ACM
6
Altimeter Capital Management
Massachusetts
$974M
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$910M +$50.6M +576,323 +6%
State Street
8
State Street
Massachusetts
$695M -$6.63M -75,423 -0.9%
LPU
9
Lansdowne Partners (UK)
United Kingdom
$572M +$142M +1,613,688 +31%
Newport Trust Company
10
Newport Trust Company
District of Columbia
$413M -$5.8M -66,024 -1%
LSV Asset Management
11
LSV Asset Management
Illinois
$375M +$462K +5,255 +0.1%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$371M +$4.32M +49,211 +1%
Goldman Sachs
13
Goldman Sachs
New York
$359M +$274M +3,118,780 +267%
Invesco
14
Invesco
Georgia
$349M +$149M +1,699,110 +69%
Diamond Hill Capital Management
15
Diamond Hill Capital Management
Ohio
$303M -$62.6M -713,050 -16%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$284M +$29.2M +331,999 +11%
AQR Capital Management
17
AQR Capital Management
Connecticut
$281M +$223M +2,540,554 +313%
Millennium Management
18
Millennium Management
New York
$243M +$50.6M +576,464 +25%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$236M -$3.9M -44,401 -2%
Northern Trust
20
Northern Trust
Illinois
$236M +$31.9M +362,940 +15%
Deutsche Bank
21
Deutsche Bank
Germany
$233M +$55.5M +631,363 +29%
Renaissance Technologies
22
Renaissance Technologies
New York
$233M +$145M +1,650,414 +146%
CCP
23
Cyrus Capital Partners
New York
$221M -$38.4M -437,031 -14%
Capital World Investors
24
Capital World Investors
California
$214M -$202M -2,304,944 -47%
AL
25
AJO LP
Pennsylvania
$174M +$125M +1,423,628 +219%

UAL Hedge Fund Activity: Q4 2018 in Review

629 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q4 2018, worth a combined $22.3B — down 5.1% from $23.5B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new UAL positions and 65 closed out — a net gain of 55 holders — while 208 added to existing stakes and 196 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $274M. The largest seller was Berkshire Hathaway, cutting an estimated $355M.

  • 629 institutional investors held United Airlines (UAL) as of Q4 2018, up from 580 in Q3 2018.
  • Funds reported $22.3B of United Airlines stock for Q4 2018, down 5.1% quarter-over-quarter.
  • 120 funds opened new United Airlines positions in Q4 2018 and 65 closed out, a net change of +55 holders.
  • The largest United Airlines buyer in Q4 2018 was Goldman Sachs, an estimated $274M added.
  • The largest United Airlines seller in Q4 2018 was Berkshire Hathaway, an estimated $355M sold.

Based on aggregated 13F filings for Q4 2018.