Skip to main content Skip to main content
Institutional Ownership · SEC Form 13F

Who owns UAL (UAL)


Which tracked institutional funds hold UAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See UAL company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

974
Institutional holders
282,602,342
Shares held (tracked funds)
87.4%
Of shares outstanding

How the tape is positioned

144 tracked funds added or opened UAL while 343 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

UAL’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes UAL more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in UAL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 973 tracked filers holding UAL, 551 increased or opened the position and 455 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in UAL between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 55

  • VANGUARD CAPITAL MANAGEMENT LLC$1.9B
  • VANGUARD PORTFOLIO MANAGEMENT LLC$1.3B
  • VANGUARD FIDUCIARY TRUST CO$168M
  • Capital Research Global Investors$120M
  • Vanguard Global Advisers, LLC$66M
  • Pentwater Capital Management LP$46M

Full exits 65

  • VANGUARD GROUP INC$4.2B
  • Anomaly Capital Management, LP$114M
  • TWO SIGMA ADVISERS, LP$84M
  • Skandinaviska Enskilda Banken AB (publ)$63M
  • APPALOOSA LP$52M
  • Khrom Capital Management LLC$47M

Largest adds

  • Capital World Investors$211M
  • BALYASNY ASSET MANAGEMENT L.P.$181M
  • GOLDMAN SACHS GROUP INC$107M
  • Caisse de depot et placement du Quebec$90M
  • Alyeska Investment Group, L.P.$77M
  • Man Group plc$77M

Largest trims

  • Capital International Investors$1.4B
  • BlackRock, Inc.$783M
  • PRIMECAP MANAGEMENT CO/CA/$337M
  • Sanders Capital, LLC$298M
  • FMR LLC$269M
  • Senator Investment Group LP$218M

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
VANGUARD CAPITAL MANAGEMENT LLC new20,985,946$1.9B6.7%2026-Q1
BlackRock, Inc. trimmed17,506,763$1.6B5.6%2026-Q1
FMR LLC added17,020,618$1.6B5.5%2026-Q1
PRIMECAP MANAGEMENT CO/CA/ trimmed15,750,610$1.5B5.0%2026-Q1
Sanders Capital, LLC added15,204,551$1.4B4.9%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new14,067,839$1.3B4.5%2026-Q1
STATE STREET CORP added11,625,828$1.1B3.7%2026-Q1
Capital World Investors added11,112,611$1.0B3.6%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added9,304,129$865M3.0%2026-Q1
Capital International Investors trimmed6,438,575$593M2.1%2026-Q1
DIMENSIONAL FUND ADVISORS LP added5,664,538$521M1.8%2026-Q1
PAR CAPITAL MANAGEMENT INC added4,996,850$460M1.6%2026-Q1
GOLDMAN SACHS GROUP INC added4,764,332$439M1.5%2026-Q1
MORGAN STANLEY added4,485,713$413M1.4%2026-Q1
CITADEL ADVISORS LLC trimmed4,094,791$377M1.3%2026-Q1
Invesco Ltd. added3,864,008$356M1.2%2026-Q1
AQR CAPITAL MANAGEMENT LLC added3,676,772$324M1.1%2026-Q1
Boston Partners added3,517,034$324M1.1%2026-Q1
Newport Trust Company, LLC trimmed3,219,890$296M1.0%2026-Q1
Slate Path Capital LP added3,113,052$287M1.0%2026-Q1
SRS Investment Management, LLC added2,912,484$268M0.9%2026-Q1
UBS Group AG trimmed2,678,956$247M0.9%2026-Q1
LSV ASSET MANAGEMENT added2,581,229$238M0.8%2026-Q1
NORTHERN TRUST CORP trimmed2,433,711$224M0.8%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added2,138,764$197M0.7%2026-Q1
BARCLAYS PLC trimmed2,022,594$186M0.6%2026-Q1
JPMORGAN CHASE & CO added2,181,817$186M0.6%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. added1,972,257$182M0.6%2026-Q1
Qube Research & Technologies Ltd added1,924,715$177M0.6%2026-Q1
Allianz Asset Management GmbH trimmed1,919,647$177M0.6%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added1,880,636$173M0.6%2026-Q1
VANGUARD FIDUCIARY TRUST CO new1,823,633$168M0.6%2026-Q1
Pacer Advisors, Inc. trimmed1,719,186$158M0.6%2026-Q1
Alyeska Investment Group, L.P. added1,693,045$156M0.5%2026-Q1
Point72 Asset Management, L.P. trimmed1,633,657$150M0.5%2026-Q1
ASSETMARK, INC added1,617,257$149M0.5%2026-Q1
LANSDOWNE PARTNERS (UK) LLP added1,530,883$141M0.5%2026-Q1
DEUTSCHE BANK AG\ added1,520,501$140M0.5%2026-Q1
NORGES BANK trimmed1,993,866$138M0.5%2026-Q1
ALLIANCEBERNSTEIN L.P. added1,209,491$135M0.5%2026-Q1
Senator Investment Group LP trimmed1,429,629$132M0.5%2026-Q1
Bank of New York Mellon Corp added1,394,134$128M0.4%2026-Q1
Capital Research Global Investors new1,298,662$120M0.4%2026-Q1
BNP PARIBAS ASSET MANAGEMENT Holding S.A. added1,297,548$120M0.4%2026-Q1
Amundi added1,217,530$112M0.4%2026-Q1
TOMS Capital Investment Management LP trimmed1,198,000$110M0.4%2026-Q1
AMERICAN CENTURY COMPANIES INC added1,140,552$105M0.4%2026-Q1
Caisse de depot et placement du Quebec added1,102,630$102M0.4%2026-Q1
Avala Global LP trimmed1,076,600$99M0.3%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed1,059,554$98M0.3%2026-Q1
Russell Investments Group, Ltd. added997,459$92M0.3%2026-Q1
MARSHALL WACE, LLP added979,644$90M0.3%2026-Q1
GMT Capital Corp added968,700$89M0.3%2026-Q1
AMERIPRISE FINANCIAL INC trimmed842,214$78M0.3%2026-Q1
Nuveen, LLC trimmed840,853$77M0.3%2026-Q1
Man Group plc added840,147$77M0.3%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added812,953$75M0.3%2026-Q1
HSBC HOLDINGS PLC added796,149$73M0.3%2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLC trimmed789,823$73M0.3%2026-Q1
U S GLOBAL INVESTORS INC trimmed784,599$72M0.3%2026-Q1
Legal & General Group Plc trimmed776,645$72M0.2%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed767,459$71M0.2%2026-Q1
Quantinno Capital Management LP added767,086$71M0.2%2026-Q1
California Public Employees Retirement System added762,663$70M0.2%2026-Q1
Patient Capital Management, LLC added732,020$67M0.2%2026-Q1
Vanguard Global Advisers, LLC new712,253$66M0.2%2026-Q1
JANE STREET GROUP, LLC trimmed703,786$65M0.2%2026-Q1
D. E. Shaw & Co., Inc. added694,474$64M0.2%2026-Q1
BNP PARIBAS FINANCIAL MARKETS added689,837$64M0.2%2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLC added669,416$62M0.2%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP added647,039$60M0.2%2026-Q1
CITIGROUP INC added639,292$59M0.2%2026-Q1
FEDERATED HERMES, INC. added627,659$58M0.2%2026-Q1
Squarepoint Ops LLC added621,921$57M0.2%2026-Q1
KBC Group NV added566,487$52M0.2%2026-Q1
FRANKLIN RESOURCES INC trimmed563,950$52M0.2%2026-Q1
RHUMBLINE ADVISERS added544,228$50M0.2%2026-Q1
FIRST TRUST ADVISORS LP added536,007$49M0.2%2026-Q1
Pentwater Capital Management LP added500,000$46M0.2%2026-Q1
GLENVIEW CAPITAL MANAGEMENT, LLC trimmed496,860$46M0.2%2026-Q1
WELLS FARGO & COMPANY/MN added473,673$44M0.2%2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd. added471,950$43M0.2%2026-Q1
PRUDENTIAL FINANCIAL INC added463,578$43M0.1%2026-Q1
BWCP, LP added452,873$42M0.1%2026-Q1
ROYAL BANK OF CANADA added418,647$39M0.1%2026-Q1
SEI INVESTMENTS CO added406,095$37M0.1%2026-Q1
Hudson Bay Capital Management LP trimmed396,459$37M0.1%2026-Q1
Allspring Global Investments Holdings, LLC trimmed380,010$36M0.1%2026-Q1
VANGUARD GROUP INC trimmed37,201,573$4.2B14.5%2025-Q4 stale
Candlestick Capital Management LP added2,239,037$216M0.8%2025-Q3 stale
Holocene Advisors, LP added1,491,352$144M0.5%2025-Q3 stale
Anomaly Capital Management, LP trimmed1,023,889$114M0.4%2025-Q4 stale
TWO SIGMA ADVISERS, LP added748,600$84M0.3%2025-Q4 stale
Castle Hook Partners LP added818,976$79M0.3%2025-Q3 stale
Skandinaviska Enskilda Banken AB (publ) added566,532$63M0.2%2025-Q4 stale
APPALOOSA LP added465,000$52M0.2%2025-Q4 stale
Khrom Capital Management LLC added418,280$47M0.2%2025-Q4 stale
Palestra Capital Management LLC trimmed412,889$46M0.2%2025-Q4 stale
Electron Capital Partners, LLC trimmed391,337$44M0.2%2025-Q4 stale
Encompass Capital Advisors LLC new600,000$41M0.1%2025-Q1 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership