Wheels Up
113 hedge funds and large institutions have $1.02B invested in Wheels Up in 2025 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 16 increasing their positions, 31 reducing their positions, and 31 closing their positions.
70% more capital invested
Capital invested by funds: $599M → $1.02B (+$420M)
32% more call options, than puts
Call options by funds: $2.64M | Put options by funds: $2M
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.04% less ownership
Funds ownership: 4.01% → 3.97% (-0.04%)
5% less funds holding
Funds holding: 119 → 113 (-6)
19% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 31
48% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.15M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1,000K |
| 3 |
MCP
Militia Capital Partners
Las Vegas,
Nevada
|
+$638K |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$624K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$590K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kore Advisors
Boynton Beach,
Florida
|
-$11.4M |
| 2 |
Millennium Management
New York
|
-$941K |
| 3 |
Goldman Sachs
New York
|
-$826K |
| 4 |
BlackRock
New York
|
-$757K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$348K |
UP Hedge Fund Activity: Q3 2025 in Review
113 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q3 2025, worth a combined $1.02B — up 70% from $599M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of UP and 25 opened new positions — a net loss of 6 holders — while 31 trimmed existing stakes and 16 added.
The largest buyer was Jane Street, adding an estimated $2.15M. The largest seller was Kore Advisors, cutting an estimated $11.4M.
- 113 institutional investors held Wheels Up (UP) as of Q3 2025, down from 119 in Q2 2025.
- Funds reported $1.02B of Wheels Up stock for Q3 2025, up 70% quarter-over-quarter.
- 25 funds opened new Wheels Up positions in Q3 2025 and 31 closed out, a net change of -6 holders.
- The largest Wheels Up buyer in Q3 2025 was Jane Street, an estimated $2.15M added.
- The largest Wheels Up seller in Q3 2025 was Kore Advisors, an estimated $11.4M sold.
Based on aggregated 13F filings for Q3 2025.