Wheels Up
97 hedge funds and large institutions have $1.61B invested in Wheels Up in 2024 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 19 closing their positions.
58% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 19
13% more funds holding
Funds holding: 86 → 97 (+11)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
13.63% less ownership
Funds ownership: 17.95% → 4.32% (-14%)
16% less capital invested
Capital invested by funds: $1.91B → $1.61B (-$301M)
63% less call options, than puts
Call options by funds: $275K | Put options by funds: $741K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$3.53M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$3.28M |
| 3 |
Millennium Management
New York
|
+$2.01M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$712K |
| 5 |
Citigroup
New York
|
+$581K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Walleye Capital
New York
|
-$564K |
| 2 |
Renaissance Technologies
New York
|
-$481K |
| 3 |
EC
EntryPoint Capital
New York
|
-$397K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$322K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$300K |
UP Hedge Fund Activity: Q1 2024 in Review
97 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q1 2024, worth a combined $1.61B — down 16% from $1.91B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new UP positions and 19 closed out — a net gain of 11 holders — while 15 added to existing stakes and 16 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $3.53M. The largest seller was Walleye Capital, exiting entirely with an estimated $564K sold.
- 97 institutional investors held Wheels Up (UP) as of Q1 2024, up from 86 in Q4 2023.
- Funds reported $1.61B of Wheels Up stock for Q1 2024, down 16% quarter-over-quarter.
- 30 funds opened new Wheels Up positions in Q1 2024 and 19 closed out, a net change of +11 holders.
- The largest Wheels Up buyer in Q1 2024 was Goldman Sachs, an estimated $3.53M added.
- The largest Wheels Up seller in Q1 2024 was Walleye Capital, an estimated $564K sold.
Based on aggregated 13F filings for Q1 2024.