Who owns Wheels Up Experience (UP)
Which tracked institutional funds hold UP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See UP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
Conviction spread
UP’s largest tracked holder by dollar value, DELTA AIR LINES, INC., sizes it at 30.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 30.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in UP 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 2026-Q1 and 2026-Q2, we do not read how tracked institutions changed their UP positions: many holders could not be matched across the two filings, most often because the security’s identifier changed and our mapping is incomplete, or because funds are still filing for the newer quarter. Over the same quarter, open-market insider Form 4s were net sales.
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
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 |
|---|---|---|---|---|
| DELTA AIR LINES, INC. trimmed | 13,168,465 | $118M | 43.2% | 2026-Q2 |
| Knighthead Capital Management, LLC trimmed | 12,908,460 | $116M | 42.3% | 2026-Q2 |
| WHITEBOX ADVISORS LLC trimmed | 1,021,597 | $9M | 3.4% | 2026-Q2 |
| Kore Advisors LP trimmed | 770,231 | $7M | 2.5% | 2026-Q2 |
| BlackRock, Inc. trimmed | 391,189 | $4M | 1.3% | 2026-Q2 |
| MASTERS CAPITAL MANAGEMENT LLC trimmed | 300,000 | $3M | 1.0% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 218,479 | $2M | 0.7% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 125,276 | $1M | 0.4% | 2026-Q2 |
| Militia Capital Management LLC new | 116,231 | $1M | 0.4% | 2026-Q2 |
| UBS Group AG trimmed | 90,936 | $816K | 0.3% | 2026-Q2 |
| Inspire Investing, LLC trimmed | 80,376 | $721K | 0.3% | 2026-Q2 |
| STATE STREET CORP trimmed | 41,807 | $375K | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 40,816 | $366K | 0.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 36,192 | $325K | 0.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 35,483 | $318K | 0.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 33,067 | $297K | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC trimmed | 30,000 | $269K | 0.1% | 2026-Q2 |
| INSTRUMENTAL WEALTH, LLC trimmed | 29,710 | $266K | 0.1% | 2026-Q2 |
| Aster Capital Management (DIFC) Ltd | 118,074 | $126K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 11,000 | $99K | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 8,959 | $80K | 0.0% | 2026-Q2 |
| State of Wyoming trimmed | 4,696 | $42K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 4,568 | $41K | 0.0% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 4,045 | $36K | 0.0% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 3,269 | $29K | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 2,519 | $23K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 2,505 | $22K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,366 | $19K | 0.0% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 1,721 | $15K | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 1,347 | $12K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 1,089 | $10K | 0.0% | 2026-Q2 |
| Legal & General Group Plc trimmed | 704 | $6K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 651 | $6K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 601 | $5K | 0.0% | 2026-Q2 |
| BROWN BROTHERS HARRIMAN & CO trimmed | 517 | $5K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. trimmed | 494 | $4K | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 433 | $4K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 309 | $3K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 326 | $3K | 0.0% | 2026-Q2 |
| SWAN Capital LLC trimmed | 300 | $3K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 270 | $2K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 260 | $2K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 257 | $2K | 0.0% | 2026-Q2 |
| SJS Investment Consulting Inc. trimmed | 250 | $2K | 0.0% | 2026-Q2 |
| Quarry LP trimmed | 212 | $2K | 0.0% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC trimmed | 200 | $2K | 0.0% | 2026-Q2 |
| Sterling Capital Management LLC added | 110 | $987 | 0.0% | 2026-Q2 |
| FMR LLC trimmed | 81 | $727 | 0.0% | 2026-Q2 |
| WPG Advisers, LLC trimmed | 73 | $655 | 0.0% | 2026-Q2 |
| Atlatl Advisers LLC new | 70 | $628 | 0.0% | 2026-Q2 |
| GABLES CAPITAL MANAGEMENT INC. trimmed | 53 | $476 | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 25 | $224 | 0.0% | 2026-Q2 |
| Investors Research Corp trimmed | 20 | $179 | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 15 | $135 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd trimmed | 4 | $36 | 0.0% | 2026-Q2 |
| Kilter Group LLC trimmed | 2 | $18 | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 1 | $9 | 0.0% | 2026-Q2 |
| Bogart Wealth, LLC trimmed | 1 | $9 | 0.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 1 | $9 | 0.0% | 2026-Q2 |
| J. Derek Lewis & Associates Inc. | 541,965 | $356K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 442,235 | $228K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| XTX Topco Ltd added | 229,783 | $119K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| OMERS ADMINISTRATION Corp trimmed | 209,900 | $108K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Cetera Investment Advisers added | 179,603 | $93K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 150,757 | $78K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BROWN WEALTH MANAGEMENT, LLC new | 100,000 | $52K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Virtu Financial LLC added | 92,333 | $48K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| WNY Asset Management, LLC new | 75,000 | $39K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| LRI Investments, LLC new | 59,000 | $30K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 3,882,832 | $3M | 0.9% | 2025-Q4 stale (2 quarters behind) |
| MILLENNIUM MANAGEMENT LLC added | 1,309,584 | $859K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| GSA CAPITAL PARTNERS LLP new | 668,098 | $438K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Alpine Global Management, LLC new | 268,016 | $176K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Militia Capital Partners, LP new | 349,794 | $644K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 305,419 | $562K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| GOLDMAN SACHS GROUP INC trimmed | 95,578 | $176K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Catalyst Funds Management Pty Ltd added | 77,670 | $143K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| WOLVERINE TRADING, LLC new | 45,116 | $83K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| BALYASNY ASSET MANAGEMENT L.P. new | 37,441 | $69K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Valeo Financial Advisors, LLC new | 30,000 | $55K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Squarepoint Ops LLC trimmed | 21,975 | $40K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Clearstead Advisors, LLC new | 20,000 | $37K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Engineers Gate Manager LP trimmed | 19,773 | $36K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| WealthShield Partners, LLC new | 18,197 | $33K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| EWA, LLC added | 16,743 | $31K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Audent Global Asset Management, LLC | 16,209 | $30K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Callan Family Office, LLC | 15,638 | $29K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| AQR CAPITAL MANAGEMENT LLC added | 324,963 | $348K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| MARSHALL WACE, LLP added | 207,927 | $222K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Y-Intercept (Hong Kong) Ltd new | 184,859 | $198K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Brevan Howard Capital Management LP new | 160,727 | $172K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Jain Global LLC new | 126,501 | $135K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| NEA Management Company, LLC | 106,125 | $114K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| RENAISSANCE TECHNOLOGIES LLC new | 104,500 | $112K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| HRT FINANCIAL LP new | 96,389 | $103K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Quantessence Capital LLC new | 66,961 | $72K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CVA Family Office, LLC | 60,850 | $65K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Laurion Capital Management LP new | 35,519 | $38K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Point72 Asia (Singapore) Pte. Ltd. new | 27,773 | $30K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| BECK MACK & OLIVER LLC new | 25,000 | $27K | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.