United Airlines
1,020 hedge funds and large institutions have $32.4B invested in United Airlines in 2025 Q4 according to their latest regulatory filings, with 210 funds opening new positions, 376 increasing their positions, 296 reducing their positions, and 83 closing their positions.
153% more first-time investments, than exits
New positions opened: 210 | Existing positions closed: 83
27% more repeat investments, than reductions
Existing positions increased: 376 | Existing positions reduced: 296
16% more capital invested
Capital invested by funds: $28B → $32.4B (+$4.43B)
13% more funds holding in top 10
Funds holding in top 10: 16 → 18 (+2)
12% more funds holding
Funds holding: 914 → 1,020 (+106)
0.06% more ownership
Funds ownership: 89.51% → 89.57% (+0.06%)
29% less call options, than puts
Call options by funds: $1.77B | Put options by funds: $2.5B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$188M |
| 2 |
Two Sigma Investments
New York
|
+$132M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$117M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$107M |
| 5 |
Jane Street
New York
|
+$106M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$386M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$267M |
| 3 |
Primecap Management
Pasadena,
California
|
-$205M |
| 4 |
Holocene Advisors
New York
|
-$144M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$108M |
UAL Hedge Fund Activity: Q4 2025 in Review
1,020 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in United Airlines (UAL) for Q4 2025, worth a combined $32.4B — up 16% from $28B a quarter earlier.
Buyers outnumbered sellers: 210 funds opened new UAL positions and 83 closed out — a net gain of 127 holders — while 376 added to existing stakes and 296 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $188M. The largest seller was Capital International Investors, cutting an estimated $386M.
- 1,020 institutional investors held United Airlines (UAL) as of Q4 2025, up from 914 in Q3 2025.
- Funds reported $32.4B of United Airlines stock for Q4 2025, up 16% quarter-over-quarter.
- 210 funds opened new United Airlines positions in Q4 2025 and 83 closed out, a net change of +127 holders.
- The largest United Airlines buyer in Q4 2025 was Fidelity Investments, an estimated $188M added.
- The largest United Airlines seller in Q4 2025 was Capital International Investors, an estimated $386M sold.
Based on aggregated 13F filings for Q4 2025.