Wheels Up
86 hedge funds and large institutions have $1.91B invested in Wheels Up in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 14 closing their positions.
615% more capital invested
Capital invested by funds: $268M → $1.91B (+$1.65B)
100% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 14
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
36% more call options, than puts
Call options by funds: $1.73M | Put options by funds: $1.27M
16% more funds holding
Funds holding: 74 → 86 (+12)
14.07% more ownership
Funds ownership: 3.88% → 17.95% (+14%)
25% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DAL
Delta Air Lines
Atlanta,
Georgia
|
+$382M |
| 2 |
KCM
Knighthead Capital Management
New York
|
+$382M |
| 3 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$83.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.08M |
| 5 |
Millennium Management
New York
|
+$758K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFG
Jefferies Financial Group
New York
|
-$308K |
| 2 |
Renaissance Technologies
New York
|
-$208K |
| 3 |
SC
Saltoro Capital
Dallas,
Texas
|
-$128K |
| 4 |
Lido Advisors
Los Angeles,
California
|
-$44.4K |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$38.7K |
UP Hedge Fund Activity: Q4 2023 in Review
86 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q4 2023, worth a combined $1.91B — up 615% from $268M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new UP positions and 14 closed out — a net gain of 14 holders — while 15 added to existing stakes and 20 trimmed.
The largest buyer was Delta Air Lines, adding an estimated $382M. The largest seller was Jefferies Financial Group, exiting entirely with an estimated $308K sold.
- 86 institutional investors held Wheels Up (UP) as of Q4 2023, up from 74 in Q3 2023.
- Funds reported $1.91B of Wheels Up stock for Q4 2023, up 615% quarter-over-quarter.
- 28 funds opened new Wheels Up positions in Q4 2023 and 14 closed out, a net change of +14 holders.
- The largest Wheels Up buyer in Q4 2023 was Delta Air Lines, an estimated $382M added.
- The largest Wheels Up seller in Q4 2023 was Jefferies Financial Group, an estimated $308K sold.
Based on aggregated 13F filings for Q4 2023.