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Wheels Up
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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
113
Holders Change
-6
Holders Change %
-5.04%
% of All Funds
1.48%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
25
Increased
16
Reduced
31
Closed
31
Calls
$2.64M
Puts
$2M
Net Calls
+$645K
Net Calls Change
+$364K

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$2.15M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1,000K
3
MCP
Militia Capital Partners
Nevada
+$638K
4
Group One Trading
Group One Trading
Illinois
+$624K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$590K

Top Sellers

Rank Fund Capital Flow
1
KA
Kore Advisors
Florida
-$11.4M
2
Millennium Management
Millennium Management
New York
-$941K
3
Goldman Sachs
Goldman Sachs
New York
-$826K
4
BlackRock
BlackRock
New York
-$757K
5
AQR Capital Management
AQR Capital Management
Connecticut
-$348K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
126
Laurion Capital Management
New York
– -$38K -1,776 Closed
PAS
127
Point72 Asia (Singapore)
Singapore
– -$29.7K -1,389 Closed
BMO
128
Beck Mack & Oliver
New York
– -$26.8K -1,250 Closed
DS
129
DRW Securities
Illinois
– -$25.8K -1,205 Closed
Hudson Bay Capital Management
130
Hudson Bay Capital Management
Connecticut
– -$25.3K -1,181 Closed
GSC
131
Ground Swell Capital
South Carolina
– -$24.1K -1,125 Closed
AWM
132
AE Wealth Management
Kansas
– -$19.5K -913 Closed
Cerity Partners
133
Cerity Partners
New York
– -$19.2K -897 Closed
SSA
134
Schonfeld Strategic Advisors
New York
– -$18.5K -867 Closed
JF
135
Jump Financial
Illinois
– -$10.9K -509 Closed
PD
136
Point72 (DIFC)
United Arab Emirates
– -$6.57K -307 Closed
QL
137
Quarry LP
New York
– -$819 -38 Closed
EP
138
Essential Partners
California
– -$696 -33 Closed
EWA
139
EverSource Wealth Advisors
Alabama
– -$685 -32 Closed
BIG
140
Brooklyn Investment Group
New York
– -$481 -22 Closed
TWD
141
True Wealth Design
Ohio
– -$261 -12 Closed
TIM
142
Total Investment Management
Arizona
– -$107 -5 Closed
2 3 4 5
6

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.