UNDER ARMOUR INC UAA
CL A · Common Stock · CUSIP 904311107 · ISIN US9043111072
American sports clothing and accessories company
- SectorConsumer discretionary
- IndustryApparel & Other Finishd Prods of Fabrics & Similar Matl
- HeadquartersBaltimore, MD
- Founded1996
- Websiteunderarmour.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($466.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.25. Options: 19 managers hold calls ($18.5m notional), 17 hold puts ($130.7m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 384 |
| Q4 2022 | 374 |
| Q1 2023 | 383 |
| Q2 2023 | 374 |
| Q3 2023 | 365 |
| Q4 2023 | 377 |
| Q1 2024 | 386 |
| Q2 2024 | 368 |
| Q3 2024 | 388 |
| Q4 2024 | 391 |
| Q1 2025 | 392 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 135 | 192 |
| Q3 2023 | 147 | 161 |
| Q4 2023 | 142 | 176 |
| Q1 2024 | 201 | 133 |
| Q2 2024 | 164 | 166 |
| Q3 2024 | 162 | 179 |
| Q4 2024 | 156 | 182 |
| Q1 2025 | 177 | 178 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $44.7m | $133.2m | 2.98 |
| Q3 2024 | $31.5m | $80.8m | 2.57 |
| Q4 2024 | $53.5m | $92.6m | 1.73 |
| Q1 2025 | $18.5m | $130.7m | 7.06 |
Biggest buyers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +4.0m |
| Boston Partners | New | +2.9m |
| TUDOR INVESTMENT CORP ET AL | New | +2.2m |
| CITADEL ADVISORS LLC | Added | +1.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.7m |
| UBS Group AG | Added | +1.5m |
| AMERICAN CENTURY COMPANIES INC | Added | +1.5m |
| MARSHALL WACE, LLP | New | +1.4m |
| CREDIT INDUSTRIEL ET COMMERCIAL | New | +1.3m |
| Walleye Trading LLC | Added | +1.2m |
Biggest sellers
| Alyeska Investment Group, L.P. | Sold out | -9.8m |
| Balyasny Asset Management L.P. | Reduced | -3.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -2.7m |
| Walleye Capital LLC | Reduced | -1.2m |
| FMR LLC | Reduced | -792.7k |
| Quantinno Capital Management LP | Reduced | -710.2k |
| Trexquant Investment LP | Sold out | -612.2k |
| Squarepoint Ops LLC | Reduced | -481.2k |
| TWINBEECH CAPITAL LP | Sold out | -450.2k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -368.0k |
Biggest calls
| BARCLAYS PLC | Reduced | $3.1m500.0k shares |
| CITIGROUP INC | Unchanged | $3.1m500.0k shares |
| Squarepoint Ops LLC | Added | $2.8m449.0k shares |
| CITADEL ADVISORS LLC | Added | $2.3m363.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m247.0k shares |
| JANE STREET GROUP, LLC | Reduced | $1.0m160.8k shares |
| GROUP ONE TRADING LLC | Added | $790.0k126.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $648.3k102.9k shares |
| IMC-Chicago, LLC | Reduced | $636.9k101.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $631.2k101.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $52.6m8.4m shares |
| Walleye Trading LLC | Added | $14.2m2.3m shares |
| JANE STREET GROUP, LLC | Added | $12.3m2.0m shares |
| Parallax Volatility Advisers, L.P. | Added | $9.8m1.6m shares |
| GROUP ONE TRADING LLC | Added | $9.4m1.5m shares |
| CITADEL ADVISORS LLC | Reduced | $8.1m1.3m shares |
| PEAK6 LLC | Added | $7.3m1.2m shares |
| BARCLAYS PLC | Reduced | $5.4m859.7k shares |
| D. E. Shaw & Co., Inc. | Added | $4.7m755.7k shares |
| Squarepoint Ops LLC | Added | $3.1m491.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 13D · may seek influence +1.8 pts · filed 2026-05-15 | 24.0% |
| BlackRock, Inc. 13G · institution +3.7 pts · filed 2026-07-30 | 14.3% |
| Frasers Group plc 13G · passive investor new · filed 2026-10-01 | 8.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), DIMENSIONAL FUND ADVISORS LP (3.8%, 2026-01-21)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 1 | $98.1m | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 2 | $508.6k | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.01% of their portfolio | 27.5m $172.0m | Reduced -792.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 15.5m $97.1m | Reduced -10.9k |
| BlackRock, Inc. 0.00% of their portfolio | 15.1m $94.3m | Reduced -223.4k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 9.9m $62.1m | Added +290.2k |
| FIL Ltd 0.04% of their portfolio | 7.5m $47.2m | Added +200.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.16% of their portfolio | 6.5m $40.6m | Added +965.4k |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 2.13% of their portfolio | 6.3m $39.4m | Unchanged |
| DISCIPLINED GROWTH INVESTORS INC /MN 0.79% of their portfolio | 6.1m $38.4m | Added +163.0k |
| STATE STREET CORP 0.00% of their portfolio | 6.0m $37.3m | Added +97.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 5.5m $34.2m | Added +1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 5.0m $31.5m | Added +232.0k |
| UBS Group AG 0.01% of their portfolio | 4.8m $30.2m | Added +1.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 4.8m $30.0m | Reduced -30.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 4.4m $27.6m | Added +4.0m |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 4.0m $25.0m | Added +586.2k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 4.0m $24.8m | Added +41.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 3.4m $21.3m | Added +1.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $19.0m | Added +155.9k |
| Boston Partners 0.02% of their portfolio | 2.9m $17.7m | New |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 2.8m $17.5m | Added +762.7k |
| MORGAN STANLEY 0.00% of their portfolio | 2.7m $16.6m | Added +787.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 2.7m $16.6m | Added +1.7m |
| TOWLE & CO 3.07% of their portfolio | 2.2m $14.0m | Reduced -58.1k |
| TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio | 2.2m $13.5m | New |
| NORGES BANK 0.00% of their portfolio | 2.0m $12.7m | Added +681.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $10.8m | Added +2.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.7m $10.8m | Reduced -6.9k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.50% of their portfolio | 1.6m $10.0m | Added +440.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.4m $8.8m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.4m $8.5m | Reduced -74.1k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.4m $8.5m | Reduced -95.8k |
| NFJ INVESTMENT GROUP, LLC 0.28% of their portfolio | 1.3m $8.4m | Added +637.5k |
| Walleye Trading LLC 0.23% of their portfolio | 1.3m $8.0m | Added +1.2m |
| CREDIT INDUSTRIEL ET COMMERCIAL 1.45% of their portfolio | 1.3m $8.0m | New |
| HRT FINANCIAL LP 0.06% of their portfolio | 1.3m $8.0m | Added +76.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.2m $7.2m | Added +58.7k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 1.1m $7.1m | Added +74.1k |
| ExodusPoint Capital Management, LP 0.09% of their portfolio | 1.1m $7.0m | Added +387.6k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.1m $6.9m | Added +31.2k |
| BARCLAYS PLC 0.00% of their portfolio | 1.1m $6.8m | Added +699.2k |
| GROUP ONE TRADING LLC 0.24% of their portfolio | 907.0k $5.7m | Added +565.4k |
| NATIXIS 0.03% of their portfolio | 854.8k $5.3m | New |
| Parallax Volatility Advisers, L.P. 0.17% of their portfolio | 839.2k $5.2m | Added +752.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 827.8k $5.2m | Reduced -368.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 770.5k $4.8m | Reduced -238.4k |
| MAVERICK CAPITAL LTD 0.08% of their portfolio | 734.8k $4.6m | Added +673.8k |
| JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio | 681.0k $4.3m | Reduced -15.0k |
| PEAK6 LLC 0.16% of their portfolio | 652.6k $4.1m | New |
| Invesco Ltd. 0.00% of their portfolio | 627.4k $3.9m | Added +93.7k |
| ABC ARBITRAGE SA 0.60% of their portfolio | 517.3k $3.2m | New |
| Quantinno Capital Management LP 0.02% of their portfolio | 513.8k $3.2m | Reduced -710.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 501.1k $3.1m | Added +6.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 482.7k $3.0m | Reduced -71.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 469.8k $2.9m | First filing |
| SIMPLEX TRADING, LLC 0.10% of their portfolio | 443.6k $2.8m | Added +262.1k |
| GMT Capital Corp 0.14% of their portfolio | 435.8k $2.7m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 435.3k $2.7m | Added +1.9k |
| Soviero Asset Management, LP 2.69% of their portfolio | 370.0k $2.3m | Reduced -150.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 366.2k $2.3m | Added +330.2k |
| Swiss National Bank 0.00% of their portfolio | 365.8k $2.3m | Reduced -5.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 328.7k $2.1m | Added +81.7k |
| Nuveen, LLC 0.00% of their portfolio | 323.9k $2.0m | First filing |
| Farringdon Capital, Ltd. 0.99% of their portfolio | 313.2k $2.0m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 310.0k $1.9m | Added +52.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 304.4k $1.9m | Added +187.7k |
| Legal & General Group Plc 0.00% of their portfolio | 295.4k $1.8m | Added +550 |
| IMC-Chicago, LLC 0.07% of their portfolio | 270.9k $1.7m | Added +94.5k |
| Graham Capital Management, L.P. 0.05% of their portfolio | 270.3k $1.7m | New |
| Aquatic Capital Management LLC 0.04% of their portfolio | 268.5k $1.7m | Reduced -239.0k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 265.8k $1.7m | Added +250.8k |
| Maven Securities LTD 0.36% of their portfolio | 265.2k $1.7m | New |
| Woodline Partners LP 0.01% of their portfolio | 247.7k $1.5m | Reduced -122.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 232.4k $1.5m | Added +101.4k |
| Retirement Systems of Alabama 0.01% of their portfolio | 229.8k $1.4m | Added +229 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 221.1k $1.4m | Reduced -14.2k |
| Engineers Gate Manager LP 0.02% of their portfolio | 219.9k $1.4m | Reduced -85.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 216.5k $1.4m | Reduced -481.2k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.32% of their portfolio | 210.0k $1.3m | New |
| Corebridge Financial, Inc. 0.01% of their portfolio | 208.6k $1.3m | Reduced -5.1k |
| Ilex Capital Partners (UK) LLP 0.05% of their portfolio | 201.7k $1.3m | New |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 195.5k $1.2m | Added +3.1k |
| COMERICA BANK 0.01% of their portfolio | 191.9k $1.2m | Reduced -16.7k |
| STRS OHIO 0.00% of their portfolio | 188.1k $1.2m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 184.9k $1.2m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 183.5k $1.1m | Reduced -8.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 177.9k $1.1m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 176.3k $1.1m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 176.3k $1.1m | Reduced -45.3k |
| Holocene Advisors, LP 0.00% of their portfolio | 175.3k $1.1m | New |
| Mutual Advisors, LLC 0.03% of their portfolio | 169.3k $966.9k | Reduced -385 |
| Orion Portfolio Solutions, LLC 0.01% of their portfolio | 168.1k $1.2m | Added +107.9k |
| Jump Financial, LLC 0.02% of their portfolio | 165.4k $1.0m | New |
| PDT Partners, LLC 0.07% of their portfolio | 156.3k $976.7k | New |
| Fieldview Capital Management, LLC 0.13% of their portfolio | 151.2k $945.3k | Reduced -27.4k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 149.0k $931.3k | Added +21.9k |
| Brevan Howard Capital Management LP 0.03% of their portfolio | 147.5k $922.1k | Added +116.9k |
| Bayesian Capital Management, LP 0.15% of their portfolio | 146.4k $915.0k | New |
| Marex Group Ltd 0.02% of their portfolio | 141.8k $886.0k | Added +91.8k |
| Verity Asset Management, Inc. 0.36% of their portfolio | 140.8k $880.3k | New |
| Alaska Permanent Fund Corp 0.01% of their portfolio | 140.3k $802.4k | Unchanged |