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 ($629.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.83. Options: 20 managers hold calls ($37.0m notional), 21 hold puts ($212.9m).
Trends to Q2 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 |
| Q2 2025 | 374 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 167 | 176 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $31.5m | $80.8m | 2.57 |
| Q4 2024 | $53.5m | $92.6m | 1.73 |
| Q1 2025 | $18.5m | $130.7m | 7.06 |
| Q2 2025 | $37.0m | $212.9m | 5.75 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +3.0m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +2.3m |
| CITADEL ADVISORS LLC | Added | +2.1m |
| JUPITER ASSET MANAGEMENT LTD | Added | +1.7m |
| MARSHALL WACE, LLP | Added | +1.5m |
| ROYAL BANK OF CANADA | Added | +1.4m |
| JANE STREET GROUP, LLC | Added | +1.0m |
| Jump Financial, LLC | Added | +1.0m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +890.6k |
| Squarepoint Ops LLC | Added | +847.9k |
Biggest sellers
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -6.5m |
| FMR LLC | Reduced | -3.6m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.8m |
| TUDOR INVESTMENT CORP ET AL | Reduced | -1.9m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.6m |
| OBERWEIS ASSET MANAGEMENT INC/ | Sold out | -1.6m |
| HRT FINANCIAL LP | Reduced | -1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.1m |
| ExodusPoint Capital Management, LP | Reduced | -914.1k |
| DISCIPLINED GROWTH INVESTORS INC /MN | Reduced | -860.5k |
Biggest calls
| PEAK6 LLC | Added | $9.6m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.2m904.9k shares |
| CITIGROUP INC | Unchanged | $3.4m500.0k shares |
| GROUP ONE TRADING LLC | Added | $3.1m455.5k shares |
| Squarepoint Ops LLC | Reduced | $2.6m377.5k shares |
| CITADEL ADVISORS LLC | Added | $2.5m364.2k shares |
| IMC-Chicago, LLC | Added | $2.1m307.2k shares |
| Walleye Trading LLC | Added | $1.8m260.9k shares |
| JANE STREET GROUP, LLC | Added | $1.7m245.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $933.0k136.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $60.1m8.8m shares |
| PEAK6 LLC | Added | $29.9m4.4m shares |
| JANE STREET GROUP, LLC | Added | $28.4m4.2m shares |
| GROUP ONE TRADING LLC | Added | $20.6m3.0m shares |
| Walleye Trading LLC | Added | $16.9m2.5m shares |
| Parallax Volatility Advisers, L.P. | Added | $12.5m1.8m shares |
| CITADEL ADVISORS LLC | Added | $9.3m1.4m shares |
| D. E. Shaw & Co., Inc. | Added | $7.2m1.1m shares |
| Balyasny Asset Management L.P. | Added | $6.6m971.9k shares |
| BARCLAYS PLC | Added | $6.4m936.5k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 1 | $100.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-03 | Shadman Mehri Chief Legal Officer | Sold | $100.2k16.3k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.01% of their portfolio | 23.9m $163.3m | Reduced -3.6m |
| VANGUARD GROUP INC 0.00% of their portfolio | 15.5m $105.6m | Reduced -77.6k |
| BlackRock, Inc. 0.00% of their portfolio | 15.4m $105.2m | Added +327.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 10.0m $68.3m | Added +70.1k |
| FIL Ltd 0.04% of their portfolio | 7.6m $51.6m | Added +2.9k |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 2.30% of their portfolio | 6.3m $43.0m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 6.0m $40.8m | Added +504.9k |
| STATE STREET CORP 0.00% of their portfolio | 5.9m $40.1m | Reduced -91.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 5.7m $38.8m | Added +3.0m |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 5.5m $37.3m | Added +2.1m |
| DISCIPLINED GROWTH INVESTORS INC /MN 0.69% of their portfolio | 5.3m $36.0m | Reduced -860.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.8m $33.0m | Reduced -216.2k |
| UBS Group AG 0.01% of their portfolio | 4.2m $28.5m | Reduced -661.3k |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 4.0m $27.3m | Added +4.3k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 3.9m $26.8m | Reduced -36.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 3.6m $24.5m | Reduced -829.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $20.8m | Reduced -167 |
| MORGAN STANLEY 0.00% of their portfolio | 3.0m $20.5m | Added +340.7k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 2.9m $20.1m | Added +1.5m |
| Boston Partners 0.02% of their portfolio | 2.8m $19.4m | Reduced -14.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.6m $17.5m | Added +1.4m |
| JUPITER ASSET MANAGEMENT LTD 0.14% of their portfolio | 2.4m $16.3m | Added +1.7m |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 2.4m $16.2m | Added +1.0m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 2.3m $16.0m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 2.0m $13.4m | Reduced -2.8m |
| TOWLE & CO 2.85% of their portfolio | 1.8m $12.1m | Reduced -470.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $11.6m | Reduced -29.5k |
| NORGES BANK 0.00% of their portfolio | 1.5m $9.9m | Reduced -576.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.4m $9.3m | Added +890.6k |
| NFJ INVESTMENT GROUP, LLC 0.32% of their portfolio | 1.4m $9.3m | Added +19.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $9.0m | Added +551.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.3m $8.9m | Reduced -53.1k |
| GROUP ONE TRADING LLC 0.28% of their portfolio | 1.3m $8.7m | Added +364.0k |
| PEAK6 LLC 0.16% of their portfolio | 1.3m $8.6m | Added +610.3k |
| Walleye Trading LLC 0.21% of their portfolio | 1.2m $8.5m | Reduced -33.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.2m $8.3m | Added +105.8k |
| Jump Financial, LLC 0.10% of their portfolio | 1.2m $8.1m | Added +1.0m |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.2m $8.1m | Reduced -1.6m |
| Squarepoint Ops LLC 0.02% of their portfolio | 1.1m $7.3m | Added +847.9k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 918.4k $6.3m | Reduced -214.0k |
| Verition Fund Management LLC 0.04% of their portfolio | 917.9k $6.3m | Added +741.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 866.6k $5.9m | Added +537.9k |
| Parallax Volatility Advisers, L.P. 0.23% of their portfolio | 832.0k $5.7m | Reduced -7.3k |
| Soviero Asset Management, LP 3.43% of their portfolio | 684.0k $4.7m | Added +314.0k |
| Invesco Ltd. 0.00% of their portfolio | 652.5k $4.5m | Added +25.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 650.1k $4.4m | Reduced -1.1m |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 549.0k $3.7m | Added +283.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 521.6k $3.6m | Added +20.4k |
| CREDIT INDUSTRIEL ET COMMERCIAL 0.55% of their portfolio | 509.5k $3.5m | Reduced -767.5k |
| PDT Partners, LLC 0.19% of their portfolio | 491.8k $3.4m | Added +335.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 447.3k $3.1m | Reduced -380.6k |
| SIMPLEX TRADING, LLC 0.08% of their portfolio | 447.1k $3.1m | Added +3.4k |
| SIH Partners, LLLP 0.29% of their portfolio | 442.4k $3.0m | Added +342.4k |
| GMT Capital Corp 0.12% of their portfolio | 435.8k $3.0m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 428.1k $2.9m | Reduced -7.2k |
| Aquatic Capital Management LLC 0.06% of their portfolio | 403.6k $2.8m | Added +135.1k |
| Quantinno Capital Management LP 0.01% of their portfolio | 397.9k $2.7m | Reduced -115.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 368.4k $2.5m | Reduced -114.3k |
| Swiss National Bank 0.00% of their portfolio | 360.8k $2.5m | Reduced -5.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 344.1k $2.4m | Added +39.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 337.6k $2.3m | Added +105.1k |
| BARCLAYS PLC 0.00% of their portfolio | 323.7k $2.2m | Reduced -769.8k |
| Fieldview Capital Management, LLC 0.33% of their portfolio | 314.9k $2.2m | Added +163.7k |
| Legal & General Group Plc 0.00% of their portfolio | 311.2k $2.1m | Added +15.8k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 298.9k $2.0m | Added +200.0k |
| MAVERICK CAPITAL LTD 0.03% of their portfolio | 288.4k $2.0m | Reduced -446.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 277.7k $1.9m | New |
| Quantbot Technologies LP 0.05% of their portfolio | 276.9k $1.9m | Added +249.9k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 267.5k $1.8m | Reduced -1.9m |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 266.6k $1.8m | Added +117.6k |
| Verity Asset Management, Inc. 0.84% of their portfolio | 258.2k $1.8m | Added +117.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 250.8k $1.7m | Reduced -59.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 244.8k $1.7m | Added +201.8k |
| IMC-Chicago, LLC 0.04% of their portfolio | 244.0k $1.7m | Reduced -26.9k |
| Nuveen, LLC 0.00% of their portfolio | 239.1k $1.6m | Reduced -84.8k |
| Retirement Systems of Alabama 0.01% of their portfolio | 230.8k $1.6m | Added +966 |
| Bayesian Capital Management, LP 0.24% of their portfolio | 221.8k $1.5m | Added +75.4k |
| Aigen Investment Management, LP 0.20% of their portfolio | 211.4k $1.4m | New |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 205.4k $1.4m | Reduced -914.1k |
| Orion Porfolio Solutions, LLC 0.01% of their portfolio | 205.0k $1.4m | Added +97.2k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 194.6k $1.3m | Reduced -883 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 193.9k $1.3m | Reduced -27.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 183.3k $1.3m | Reduced -1.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 177.9k $1.2m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 176.0k $1.2m | Reduced -7.5k |
| Dynamic Technology Lab Private Ltd 0.16% of their portfolio | 175.1k $1.2m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 174.5k $1.2m | Reduced -1.9k |
| Mutual Advisors, LLC 0.03% of their portfolio | 169.3k $1.2m | Unchanged |
| STRS OHIO 0.00% of their portfolio | 162.6k $1.1m | Reduced -25.5k |
| Virtu Financial LLC 0.06% of their portfolio | 159.3k $1.1m | Added +109.0k |
| SG Americas Securities, LLC 0.00% of their portfolio | 150.8k $1.0m | Added +72.5k |
| Maven Securities LTD 0.26% of their portfolio | 147.6k $1.0m | Reduced -117.6k |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.15% of their portfolio | 132.3k $903.8k | Reduced -4.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 131.7k $901.0k | Added +2.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 131.1k $895.1k | Reduced -3.7k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 127.0k $867.3k | Added +20.0k |
| Bleakley Financial Group, LLC 0.02% of their portfolio | 124.0k $846.8k | Added +39.2k |
| CIM INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 116.6k $796.2k | Reduced -805 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 116.1k $792.0k | Unchanged |
| Leonteq Securities AG 0.04% of their portfolio | 110.6k $755.5k | Added +32.1k |