Wheels Up
86 hedge funds and large institutions have $11M invested in Wheels Up in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 13 increasing their positions, 27 reducing their positions, and 115 closing their positions.
158% more call options, than puts
Call options by funds: $93K | Put options by funds: $36K
1.64% more ownership
Funds ownership: 0.23% → 1.87% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
52% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 27
53% less funds holding
Funds holding: 184 → 86 (-98)
85% less capital invested
Capital invested by funds: $71.2M → $11M (-$60.2M)
85% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 115
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$993K |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$897K |
| 3 |
Two Sigma Investments
New York
|
+$513K |
| 4 |
YIH
Y-Intercept (HK)
Hong Kong
|
+$285K |
| 5 |
SC
Saltoro Capital
Dallas,
Texas
|
+$275K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.83M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$1.73M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.07M |
| 4 |
State Street
Boston,
Massachusetts
|
-$763K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$537K |
UP Hedge Fund Activity: Q2 2023 in Review
86 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q2 2023, worth a combined $11M — down 85% from $71.2M a quarter earlier.
Sellers outnumbered buyers: 115 funds closed out of UP and 17 opened new positions — a net loss of 98 holders — while 27 trimmed existing stakes and 13 added.
The largest buyer was Jacobs Levy Equity Management, opening a new position worth an estimated $993K. The largest seller was BlackRock, cutting an estimated $3.83M.
- 86 institutional investors held Wheels Up (UP) as of Q2 2023, down from 184 in Q1 2023.
- Funds reported $11M of Wheels Up stock for Q2 2023, down 85% quarter-over-quarter.
- 17 funds opened new Wheels Up positions in Q2 2023 and 115 closed out, a net change of -98 holders.
- The largest Wheels Up buyer in Q2 2023 was Jacobs Levy Equity Management, an estimated $993K added.
- The largest Wheels Up seller in Q2 2023 was BlackRock, an estimated $3.83M sold.
Based on aggregated 13F filings for Q2 2023.