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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC new | 20,985,946 | $1.9B | 6.7% | 2026-Q1 |
| BlackRock, Inc. trimmed | 17,506,763 | $1.6B | 5.6% | 2026-Q1 |
| FMR LLC added | 17,020,618 | $1.6B | 5.5% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 15,750,610 | $1.5B | 5.0% | 2026-Q1 |
| Sanders Capital, LLC added | 15,204,551 | $1.4B | 4.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 14,067,839 | $1.3B | 4.5% | 2026-Q1 |
| STATE STREET CORP added | 11,625,828 | $1.1B | 3.7% | 2026-Q1 |
| Capital World Investors added | 11,112,611 | $1.0B | 3.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 9,304,129 | $865M | 3.0% | 2026-Q1 |
| Capital International Investors trimmed | 6,438,575 | $593M | 2.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 5,664,538 | $521M | 1.8% | 2026-Q1 |
| PAR CAPITAL MANAGEMENT INC added | 4,996,850 | $460M | 1.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 4,764,332 | $439M | 1.5% | 2026-Q1 |
| MORGAN STANLEY added | 4,485,713 | $413M | 1.4% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 4,094,791 | $377M | 1.3% | 2026-Q1 |
| Invesco Ltd. added | 3,864,008 | $356M | 1.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 3,676,772 | $324M | 1.1% | 2026-Q1 |
| Boston Partners added | 3,517,034 | $324M | 1.1% | 2026-Q1 |
| Newport Trust Company, LLC trimmed | 3,219,890 | $296M | 1.0% | 2026-Q1 |
| Slate Path Capital LP added | 3,113,052 | $287M | 1.0% | 2026-Q1 |
| SRS Investment Management, LLC added | 2,912,484 | $268M | 0.9% | 2026-Q1 |
| UBS Group AG trimmed | 2,678,956 | $247M | 0.9% | 2026-Q1 |
| LSV ASSET MANAGEMENT added | 2,581,229 | $238M | 0.8% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 2,433,711 | $224M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,138,764 | $197M | 0.7% | 2026-Q1 |
| BARCLAYS PLC trimmed | 2,022,594 | $186M | 0.6% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,181,817 | $186M | 0.6% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,972,257 | $182M | 0.6% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,924,715 | $177M | 0.6% | 2026-Q1 |
| Allianz Asset Management GmbH trimmed | 1,919,647 | $177M | 0.6% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 1,880,636 | $173M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,823,633 | $168M | 0.6% | 2026-Q1 |
| Pacer Advisors, Inc. trimmed | 1,719,186 | $158M | 0.6% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 1,693,045 | $156M | 0.5% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 1,633,657 | $150M | 0.5% | 2026-Q1 |
| ASSETMARK, INC added | 1,617,257 | $149M | 0.5% | 2026-Q1 |
| LANSDOWNE PARTNERS (UK) LLP added | 1,530,883 | $141M | 0.5% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 1,520,501 | $140M | 0.5% | 2026-Q1 |
| NORGES BANK trimmed | 1,993,866 | $138M | 0.5% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 1,209,491 | $135M | 0.5% | 2026-Q1 |
| Senator Investment Group LP trimmed | 1,429,629 | $132M | 0.5% | 2026-Q1 |
| Bank of New York Mellon Corp added | 1,394,134 | $128M | 0.4% | 2026-Q1 |
| Capital Research Global Investors new | 1,298,662 | $120M | 0.4% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 1,297,548 | $120M | 0.4% | 2026-Q1 |
| Amundi added | 1,217,530 | $112M | 0.4% | 2026-Q1 |
| TOMS Capital Investment Management LP trimmed | 1,198,000 | $110M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,140,552 | $105M | 0.4% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 1,102,630 | $102M | 0.4% | 2026-Q1 |
| Avala Global LP trimmed | 1,076,600 | $99M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,059,554 | $98M | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 997,459 | $92M | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP added | 979,644 | $90M | 0.3% | 2026-Q1 |
| GMT Capital Corp added | 968,700 | $89M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 842,214 | $78M | 0.3% | 2026-Q1 |
| Nuveen, LLC trimmed | 840,853 | $77M | 0.3% | 2026-Q1 |
| Man Group plc added | 840,147 | $77M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 812,953 | $75M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 796,149 | $73M | 0.3% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 789,823 | $73M | 0.3% | 2026-Q1 |
| U S GLOBAL INVESTORS INC trimmed | 784,599 | $72M | 0.3% | 2026-Q1 |
| Legal & General Group Plc trimmed | 776,645 | $72M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 767,459 | $71M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 767,086 | $71M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 762,663 | $70M | 0.2% | 2026-Q1 |
| Patient Capital Management, LLC added | 732,020 | $67M | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 712,253 | $66M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 703,786 | $65M | 0.2% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 694,474 | $64M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 689,837 | $64M | 0.2% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 669,416 | $62M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 647,039 | $60M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 639,292 | $59M | 0.2% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 627,659 | $58M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC added | 621,921 | $57M | 0.2% | 2026-Q1 |
| KBC Group NV added | 566,487 | $52M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 563,950 | $52M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 544,228 | $50M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 536,007 | $49M | 0.2% | 2026-Q1 |
| Pentwater Capital Management LP added | 500,000 | $46M | 0.2% | 2026-Q1 |
| GLENVIEW CAPITAL MANAGEMENT, LLC trimmed | 496,860 | $46M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 473,673 | $44M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 471,950 | $43M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 463,578 | $43M | 0.1% | 2026-Q1 |
| BWCP, LP added | 452,873 | $42M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 418,647 | $39M | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 406,095 | $37M | 0.1% | 2026-Q1 |
| Hudson Bay Capital Management LP trimmed | 396,459 | $37M | 0.1% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 380,010 | $36M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 37,201,573 | $4.2B | 14.5% | 2025-Q4 stale |
| Candlestick Capital Management LP added | 2,239,037 | $216M | 0.8% | 2025-Q3 stale |
| Holocene Advisors, LP added | 1,491,352 | $144M | 0.5% | 2025-Q3 stale |
| Anomaly Capital Management, LP trimmed | 1,023,889 | $114M | 0.4% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 748,600 | $84M | 0.3% | 2025-Q4 stale |
| Castle Hook Partners LP added | 818,976 | $79M | 0.3% | 2025-Q3 stale |
| Skandinaviska Enskilda Banken AB (publ) added | 566,532 | $63M | 0.2% | 2025-Q4 stale |
| APPALOOSA LP added | 465,000 | $52M | 0.2% | 2025-Q4 stale |
| Khrom Capital Management LLC added | 418,280 | $47M | 0.2% | 2025-Q4 stale |
| Palestra Capital Management LLC trimmed | 412,889 | $46M | 0.2% | 2025-Q4 stale |
| Electron Capital Partners, LLC trimmed | 391,337 | $44M | 0.2% | 2025-Q4 stale |
| Encompass Capital Advisors LLC new | 600,000 | $41M | 0.1% | 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.
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.