Wheels Up
184 hedge funds and large institutions have $71.2M invested in Wheels Up in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 48 increasing their positions, 41 reducing their positions, and 31 closing their positions.
194% more call options, than puts
Call options by funds: $94K | Put options by funds: $32K
17% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 41
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.02% less ownership
Funds ownership: 0.24% → 0.23% (-0.02%)
9% less funds holding
Funds holding: 202 → 184 (-18)
43% less capital invested
Capital invested by funds: $125M → $71.2M (-$53.4M)
55% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner
Overland Park,
Kansas
|
+$1.55M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$954K |
| 3 |
Renaissance Technologies
New York
|
+$948K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$328K |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.46M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.48M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.37M |
| 4 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$672K |
| 5 |
First Eagle Investment Management
New York
|
-$474K |
UP Hedge Fund Activity: Q1 2023 in Review
184 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q1 2023, worth a combined $71.2M — down 43% from $125M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of UP and 14 opened new positions — a net loss of 17 holders — while 41 trimmed existing stakes and 48 added.
The largest buyer was Mariner, opening a new position worth an estimated $1.55M. The largest seller was Fidelity Investments, cutting an estimated $7.46M.
- 184 institutional investors held Wheels Up (UP) as of Q1 2023, down from 202 in Q4 2022.
- Funds reported $71.2M of Wheels Up stock for Q1 2023, down 43% quarter-over-quarter.
- 14 funds opened new Wheels Up positions in Q1 2023 and 31 closed out, a net change of -17 holders.
- The largest Wheels Up buyer in Q1 2023 was Mariner, an estimated $1.55M added.
- The largest Wheels Up seller in Q1 2023 was Fidelity Investments, an estimated $7.46M sold.
Based on aggregated 13F filings for Q1 2023.