Wheels Up
74 hedge funds and large institutions have $268M invested in Wheels Up in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 29 closing their positions.
2,336% more capital invested
Capital invested by funds: $11M → $268M (+$257M)
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20% more call options, than puts
Call options by funds: $563K | Put options by funds: $468K
2.01% more ownership
Funds ownership: 1.87% → 3.88% (+2%)
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
14% less funds holding
Funds holding: 86 → 74 (-12)
38% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DAL
Delta Air Lines
Atlanta,
Georgia
|
+$122M |
| 2 |
KCM
Knighthead Capital Management
New York
|
+$122M |
| 3 |
IW
Instrumental Wealth
Tampa,
Florida
|
+$75.7K |
| 4 |
UB
UMB Bank
Kansas City,
Missouri
|
+$53.7K |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
+$37.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$336K |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$329K |
| 3 |
Two Sigma Investments
New York
|
-$170K |
| 4 |
YIH
Y-Intercept (HK)
Hong Kong
|
-$94.2K |
| 5 |
Charles Schwab
San Francisco,
California
|
-$83.9K |
UP Hedge Fund Activity: Q3 2023 in Review
74 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q3 2023, worth a combined $268M — up 2,336% from $11M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of UP and 18 opened new positions — a net loss of 11 holders — while 15 trimmed existing stakes and 15 added.
The largest buyer was Delta Air Lines, adding an estimated $122M. The largest seller was GSA Capital Partners, exiting entirely with an estimated $336K sold.
- 74 institutional investors held Wheels Up (UP) as of Q3 2023, down from 86 in Q2 2023.
- Funds reported $268M of Wheels Up stock for Q3 2023, up 2,336% quarter-over-quarter.
- 18 funds opened new Wheels Up positions in Q3 2023 and 29 closed out, a net change of -11 holders.
- The largest Wheels Up buyer in Q3 2023 was Delta Air Lines, an estimated $122M added.
- The largest Wheels Up seller in Q3 2023 was GSA Capital Partners, an estimated $336K sold.
Based on aggregated 13F filings for Q3 2023.