United Airlines
524 hedge funds and large institutions have $6.69B invested in United Airlines in 2020 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 161 increasing their positions, 211 reducing their positions, and 178 closing their positions.
10% more call options, than puts
Call options by funds: $494M | Put options by funds: $448M
11.44% less ownership
Funds ownership: 97.06% → 85.62% (-11%)
13% less funds holding
Funds holding: 603 → 524 (-79)
24% less repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 211
40% less first-time investments, than exits
New positions opened: 106 | Existing positions closed: 178
47% less funds holding in top 10
Funds holding in top 10: 17 → 9 (-8)
69% less capital invested
Capital invested by funds: $21.6B → $6.69B (-$14.9B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$90.8M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$73M |
| 3 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$66.6M |
| 4 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
+$62.7M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$55.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$411M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$375M |
| 3 |
Primecap Management
Pasadena,
California
|
-$185M |
| 4 |
Renaissance Technologies
New York
|
-$147M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$136M |
UAL Hedge Fund Activity: Q1 2020 in Review
524 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q1 2020, worth a combined $6.69B — down 69% from $21.6B a quarter earlier.
Sellers outnumbered buyers: 178 funds closed out of UAL and 106 opened new positions — a net loss of 72 holders — while 211 trimmed existing stakes and 161 added.
The largest buyer was Morgan Stanley, adding an estimated $90.8M. The largest seller was PAR Capital Management, cutting an estimated $411M.
- 524 institutional investors held United Airlines (UAL) as of Q1 2020, down from 603 in Q4 2019.
- Funds reported $6.69B of United Airlines stock for Q1 2020, down 69% quarter-over-quarter.
- 106 funds opened new United Airlines positions in Q1 2020 and 178 closed out, a net change of -72 holders.
- The largest United Airlines buyer in Q1 2020 was Morgan Stanley, an estimated $90.8M added.
- The largest United Airlines seller in Q1 2020 was PAR Capital Management, an estimated $411M sold.
Based on aggregated 13F filings for Q1 2020.