Wheels Up
184 hedge funds and large institutions have $632M invested in Wheels Up in 2021 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 45 increasing their positions, 32 reducing their positions, and 40 closing their positions.
60% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 40
46% more call options, than puts
Call options by funds: $4.33M | Put options by funds: $2.98M
41% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 32
13% more funds holding
Funds holding: 163 → 184 (+21)
10% more capital invested
Capital invested by funds: $575M → $632M (+$57M)
0.1% more ownership
Funds ownership: 0.18% → 0.28% (+0.1%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$52.5M |
| 2 |
State Street
Boston,
Massachusetts
|
+$26.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$8.85M |
| 4 |
NMC
NEA Management Company
Timonium,
Maryland
|
+$6.19M |
| 5 |
BlackRock
New York
|
+$5.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$59.3M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$18.1M |
| 3 |
TP
Third Point
New York
|
-$16.5M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$14.2M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$13.2M |
UP Hedge Fund Activity: Q4 2021 in Review
184 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q4 2021, worth a combined $632M — up 9.9% from $575M a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new UP positions and 40 closed out — a net gain of 24 holders — while 45 added to existing stakes and 32 trimmed.
The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, opening a new position worth an estimated $52.5M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $59.3M sold.
- 184 institutional investors held Wheels Up (UP) as of Q4 2021, up from 163 in Q3 2021.
- Funds reported $632M of Wheels Up stock for Q4 2021, up 9.9% quarter-over-quarter.
- 64 funds opened new Wheels Up positions in Q4 2021 and 40 closed out, a net change of +24 holders.
- The largest Wheels Up buyer in Q4 2021 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $52.5M added.
- The largest Wheels Up seller in Q4 2021 was HG Vora Capital Management, an estimated $59.3M sold.
Based on aggregated 13F filings for Q4 2021.