Wheels Up
191 hedge funds and large institutions have $442M invested in Wheels Up in 2022 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 52 increasing their positions, 29 reducing their positions, and 33 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 29
69% more call options, than puts
Call options by funds: $2.77M | Put options by funds: $1.64M
27% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 33
4% more funds holding
Funds holding: 184 → 191 (+7)
0.01% more ownership
Funds ownership: 0.28% → 0.29% (+0.01%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
30% less capital invested
Capital invested by funds: $632M → $442M (-$190M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$28.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.7M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$13.2M |
| 5 |
Morgan Stanley
New York
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$51.3M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$28.3M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$11.2M |
| 4 |
LCG
Luxor Capital Group
New York
|
-$5.04M |
| 5 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
-$4.28M |
UP Hedge Fund Activity: Q1 2022 in Review
191 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q1 2022, worth a combined $442M — down 30% from $632M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new UP positions and 33 closed out — a net gain of 9 holders — while 52 added to existing stakes and 29 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $28.8M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $51.3M sold.
- 191 institutional investors held Wheels Up (UP) as of Q1 2022, up from 184 in Q4 2021.
- Funds reported $442M of Wheels Up stock for Q1 2022, down 30% quarter-over-quarter.
- 42 funds opened new Wheels Up positions in Q1 2022 and 33 closed out, a net change of +9 holders.
- The largest Wheels Up buyer in Q1 2022 was Goldman Sachs, an estimated $28.8M added.
- The largest Wheels Up seller in Q1 2022 was T. Rowe Price Associates, an estimated $51.3M sold.
Based on aggregated 13F filings for Q1 2022.