Wheels Up
98 hedge funds and large institutions have $294M invested in Wheels Up in 2026 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 15 closing their positions.
73% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 15
32% more call options, than puts
Call options by funds: $651K | Put options by funds: $493K
8% more funds holding
Funds holding: 91 → 98 (+7)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.03% less ownership
Funds ownership: 4.02% → 3.99% (-0.03%)
21% less capital invested
Capital invested by funds: $369M → $294M (-$75.9M)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$565K |
| 2 |
II
Inspire Investing
Meridian,
Idaho
|
+$217K |
| 3 |
BWM
Brown Wealth Management
Naperville,
Illinois
|
+$65.2K |
| 4 |
KA
Kore Advisors
Boynton Beach,
Florida
|
+$61.4K |
| 5 |
VF
Virtu Financial
New York
|
+$60.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$859K |
| 2 |
MCM
Masters Capital Management
Atlanta,
Georgia
|
-$652K |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$438K |
| 4 |
AGM
Alpine Global Management
New York
|
-$176K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$144K |
UP Hedge Fund Activity: Q1 2026 in Review
98 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Wheels Up (UP) for Q1 2026, worth a combined $294M — down 21% from $369M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new UP positions and 15 closed out — a net gain of 11 holders — while 16 added to existing stakes and 23 trimmed.
The largest buyer was UBS Group, adding an estimated $565K. The largest seller was Millennium Management, exiting entirely with an estimated $859K sold.
- 98 institutional investors held Wheels Up (UP) as of Q1 2026, up from 91 in Q4 2025.
- Funds reported $294M of Wheels Up stock for Q1 2026, down 21% quarter-over-quarter.
- 26 funds opened new Wheels Up positions in Q1 2026 and 15 closed out, a net change of +11 holders.
- The largest Wheels Up buyer in Q1 2026 was UBS Group, an estimated $565K added.
- The largest Wheels Up seller in Q1 2026 was Millennium Management, an estimated $859K sold.
Based on aggregated 13F filings for Q1 2026.