Wheels Up
118 hedge funds and large institutions have $581M invested in Wheels Up in 2025 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 20 increasing their positions, 33 reducing their positions, and 12 closing their positions.
164% more call options, than puts
Call options by funds: $195K | Put options by funds: $74K
75% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 12
8% more funds holding
Funds holding: 109 → 118 (+9)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.02% less ownership
Funds ownership: 4.36% → 4.34% (-0.02%)
39% less capital invested
Capital invested by funds: $956M → $581M (-$374M)
39% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$526K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$213K |
| 3 |
EL
EWA LLC
Pittsbugh,
Pennsylvania
|
+$58.9K |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$41.8K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$41.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.26M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$954K |
| 3 |
KA
Kore Advisors
Boynton Beach,
Florida
|
-$543K |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$268K |
| 5 |
BlackRock
New York
|
-$162K |
UP Hedge Fund Activity: Q1 2025 in Review
118 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q1 2025, worth a combined $581M — down 39% from $956M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new UP positions and 12 closed out — a net gain of 9 holders — while 20 added to existing stakes and 33 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $526K. The largest seller was First Trust Advisors, exiting entirely with an estimated $1.26M sold.
- 118 institutional investors held Wheels Up (UP) as of Q1 2025, up from 109 in Q4 2024.
- Funds reported $581M of Wheels Up stock for Q1 2025, down 39% quarter-over-quarter.
- 21 funds opened new Wheels Up positions in Q1 2025 and 12 closed out, a net change of +9 holders.
- The largest Wheels Up buyer in Q1 2025 was Millennium Management, an estimated $526K added.
- The largest Wheels Up seller in Q1 2025 was First Trust Advisors, an estimated $1.26M sold.
Based on aggregated 13F filings for Q1 2025.