Wheels Up
163 hedge funds and large institutions have $575M invested in Wheels Up in 2021 Q3 according to their latest regulatory filings, with 124 funds opening new positions, 23 increasing their positions, 8 reducing their positions, and 33 closing their positions.
276% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 33
225% more capital invested
Capital invested by funds: $177M → $575M (+$398M)
215% more call options, than puts
Call options by funds: $10.5M | Put options by funds: $3.34M
188% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 8
123% more funds holding
Funds holding: 73 → 163 (+90)
0.19% less ownership
Funds ownership: 0.37% → 0.18% (-0.19%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$127M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$95.5M |
| 3 |
HVCM
HG Vora Capital Management
New York
|
+$73.8M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$62.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$25.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$22.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$13.4M |
| 3 |
6CM
683 Capital Management
New York
|
-$9.98M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$8.99M |
| 5 |
Millennium Management
New York
|
-$8.06M |
UP Hedge Fund Activity: Q3 2021 in Review
163 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q3 2021, worth a combined $575M — up 225% from $177M a quarter earlier.
Buyers outnumbered sellers: 124 funds opened new UP positions and 33 closed out — a net gain of 91 holders — while 23 added to existing stakes and 8 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $127M. The largest seller was Linden Advisors, exiting entirely with an estimated $22.6M sold.
- 163 institutional investors held Wheels Up (UP) as of Q3 2021, up from 73 in Q2 2021.
- Funds reported $575M of Wheels Up stock for Q3 2021, up 225% quarter-over-quarter.
- 124 funds opened new Wheels Up positions in Q3 2021 and 33 closed out, a net change of +91 holders.
- The largest Wheels Up buyer in Q3 2021 was Fidelity Investments, an estimated $127M added.
- The largest Wheels Up seller in Q3 2021 was Linden Advisors, an estimated $22.6M sold.
Based on aggregated 13F filings for Q3 2021.