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 ($2.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.91. Options: 21 managers hold calls ($62.7m notional), 22 hold puts ($174.0m).
Trends to Q1 2026
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 |
| Q3 2025 | 367 |
| Q4 2025 | 352 |
| Q1 2026 | 375 |
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 2024 | 164 | 166 |
| Q3 2024 | 162 | 179 |
| Q4 2024 | 156 | 182 |
| Q1 2025 | 177 | 178 |
| Q2 2025 | 167 | 176 |
| Q3 2025 | 167 | 170 |
| Q4 2025 | 166 | 169 |
| Q1 2026 | 179 | 164 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $37.0m | $212.9m | 5.75 |
| Q3 2025 | $38.9m | $146.1m | 3.75 |
| Q4 2025 | $42.0m | $164.7m | 3.92 |
| Q1 2026 | $62.7m | $174.0m | 2.78 |
Biggest buyers
| HRT FINANCIAL LP | Added | +4.0m |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +2.7m |
| Woodline Partners LP | New | +2.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.9m |
| KETTLE HILL CAPITAL MANAGEMENT, LLC | New | +1.8m |
| CREDIT INDUSTRIEL ET COMMERCIAL | New | +1.5m |
| CITIGROUP INC | Added | +1.5m |
| GOLDMAN SACHS GROUP INC | Added | +1.4m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.3m |
| D. E. Shaw & Co., Inc. | Added | +1.2m |
Biggest sellers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -4.2m |
| Squarepoint Ops LLC | Reduced | -1.4m |
| MARSHALL WACE, LLP | Reduced | -1.3m |
| FIRST TRUST ADVISORS LP | Reduced | -1.1m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.1m |
| Corient Private Wealth LP | Reduced | -966.2k |
| TWO SIGMA ADVISERS, LP | Sold out | -953.2k |
| Point72 Asset Management, L.P. | Reduced | -919.9k |
| PEAK6 LLC | Reduced | -767.9k |
| CAXTON ASSOCIATES LLP | Reduced | -744.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.0m3.7m shares |
| BARCLAYS PLC | Reduced | $8.0m1.4m shares |
| Walleye Trading LLC | Reduced | $8.0m1.3m shares |
| JANE STREET GROUP, LLC | Added | $5.4m916.5k shares |
| Squarepoint Ops LLC | Added | $3.8m640.2k shares |
| D. E. Shaw & Co., Inc. | Added | $3.6m606.0k shares |
| Point72 Asset Management, L.P. | Added | $2.3m387.2k shares |
| GROUP ONE TRADING LLC | Reduced | $2.1m362.7k shares |
| CITADEL ADVISORS LLC | Added | $1.9m323.2k shares |
| IMC-Chicago, LLC | Reduced | $1.5m251.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $52.0m8.8m shares |
| JANE STREET GROUP, LLC | Added | $30.8m5.2m shares |
| GROUP ONE TRADING LLC | Added | $22.4m3.8m shares |
| Walleye Trading LLC | Added | $12.6m2.1m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $12.0m1.8m shares |
| PEAK6 LLC | Reduced | $10.6m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $8.5m1.4m shares |
| BARCLAYS PLC | Reduced | $5.0m850.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $4.2m714.3k shares |
| IMC-Chicago, LLC | Reduced | $3.5m600.0k 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 2026
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 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 2 | $508.6k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $100.2k | — |
| Q3 2025 | 4 | $1.5m | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-01-28 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $6.9m1.1m shares |
| 2026-01-27 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $9.5m1.5m shares |
| 2026-01-26 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $6.2m995.9k shares |
| 2026-01-23 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $5.7m928.4k shares |
| 2026-01-22 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $2.5m411.1k shares |
| 2026-01-21 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $29.4m5.0m shares |
| 2026-01-20 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $9.9m1.8m shares |
| 2026-01-16 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $10.3m1.8m 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 13.06% of their portfolio | 43.0m $253.7m | Added +1.0m |
| BlackRock, Inc. 0.00% of their portfolio | 20.9m $123.3m | Added +171.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 10.8m $64.1m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 8.5m $50.4m | Added +1.3m |
| UBS Group AG 0.01% of their portfolio | 8.1m $47.7m | Added +173.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 6.2m $36.4m | Added +707.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.0m $35.6m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 6.0m $35.5m | Reduced -105.0k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 5.8m $34.0m | Added +1.2m |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 5.0m $29.6m | Added +33.9k |
| HRT FINANCIAL LP 0.09% of their portfolio | 4.1m $24.0m | Added +4.0m |
| MORGAN STANLEY 0.00% of their portfolio | 3.9m $22.8m | Reduced -667.9k |
| JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio | 3.8m $22.2m | Reduced -611.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 3.4m $19.9m | Added +1.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.9m $17.3m | Reduced -39.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 2.9m $17.2m | Added +2.7m |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 2.8m $16.8m | Reduced -1.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 2.6m $15.1m | Reduced -4.2m |
| Deltroit Asset Management (UK) LLP 2.59% of their portfolio | 2.5m $14.9m | Added +529.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 2.2m $12.9m | Added +873.5k |
| Woodline Partners LP 0.05% of their portfolio | 2.0m $12.1m | New |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 2.64% of their portfolio | 1.8m $10.5m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.7m $10.0m | Added +1.4m |
| CITIGROUP INC 0.01% of their portfolio | 1.7m $10.0m | Added +1.5m |
| GROUP ONE TRADING LLC 0.31% of their portfolio | 1.6m $9.3m | Reduced -536.2k |
| CREDIT INDUSTRIEL ET COMMERCIAL 1.45% of their portfolio | 1.5m $9.1m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.5m $8.7m | Reduced -325.8k |
| Ovata Capital Management Ltd 1.16% of their portfolio | 1.4m $8.3m | Unchanged |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.3m $7.5m | Reduced -1.3m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $7.4m | Added +1.3k |
| Quantinno Capital Management LP 0.01% of their portfolio | 1.2m $7.2m | Added +615.8k |
| WHITEBOX ADVISORS LLC 0.10% of their portfolio | 1.2m $7.0m | Reduced -114.6k |
| Maven Securities LTD 0.63% of their portfolio | 1.2m $7.0m | Added +665.3k |
| Invesco Ltd. 0.00% of their portfolio | 1.2m $6.9m | Reduced -198.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.0m $6.1m | Reduced -27.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.0m $6.0m | Reduced -614.8k |
| Corient Private Wealth LP 0.01% of their portfolio | 997.7k $5.9m | Reduced -966.2k |
| Parallax Volatility Advisers, L.P. 0.28% of their portfolio | 930.2k $6.3m | Reduced -436.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 925.2k $5.5m | Reduced -65.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 924.0k $5.5m | Reduced -6.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 915.6k $5.4m | Added +18.6k |
| SIMPLEX TRADING, LLC 0.16% of their portfolio | 897.0k $5.3m | Reduced -243.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 877.7k $5.2m | Reduced -33.9k |
| Walleye Trading LLC 0.10% of their portfolio | 857.7k $5.1m | Reduced -345.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 838.2k $4.7m | Added +725.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 778.1k $4.6m | Reduced -212.2k |
| Capula Management Ltd 0.04% of their portfolio | 749.6k $4.4m | Not comparable |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 724.9k $4.3m | First filing |
| Public Sector Pension Investment Board 0.01% of their portfolio | 675.5k $4.0m | Added +22.0k |
| PEAK6 LLC 0.10% of their portfolio | 576.2k $3.4m | Reduced -767.9k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 540.1k $3.2m | Reduced -303.4k |
| Trexquant Investment LP 0.02% of their portfolio | 519.9k $3.1m | Added +202.2k |
| Bleakley Financial Group, LLC 0.04% of their portfolio | 476.5k $2.8m | Added +238.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 466.9k $2.8m | Added +16.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 444.5k $2.6m | Reduced -24.5k |
| GMT Capital Corp 0.12% of their portfolio | 435.8k $2.6m | New |
| Squarepoint Ops LLC 0.01% of their portfolio | 434.3k $2.6m | Reduced -1.4m |
| Legal & General Group Plc 0.00% of their portfolio | 403.6k $2.4m | Reduced -88.6k |
| PDT Partners, LLC 0.14% of their portfolio | 402.2k $2.4m | Unchanged |
| O'Connor Alternative Investments LLC 0.12% of their portfolio | 400.0k $2.4m | First filing |
| GSA CAPITAL PARTNERS LLP 0.14% of their portfolio | 380.6k $2.2m | Reduced -32.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 377.7k $2.2m | Added +9.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 367.2k $2.2m | New |
| IMC-Chicago, LLC 0.03% of their portfolio | 361.7k $2.1m | Reduced -375.0k |
| Nuveen, LLC 0.00% of their portfolio | 358.1k $2.1m | Added +116.4k |
| BARCLAYS PLC 0.00% of their portfolio | 355.6k $2.1m | Reduced -120.3k |
| Campbell & CO Investment Adviser LLC 0.12% of their portfolio | 354.2k $2.1m | New |
| DRW Securities, LLC 0.11% of their portfolio | 338.8k $2.0m | Added +277.2k |
| NATIXIS 0.01% of their portfolio | 331.8k $2.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 317.3k $1.9m | Reduced -946 |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 305.7k $1.8m | Reduced -919.9k |
| Swiss National Bank 0.00% of their portfolio | 298.9k $1.8m | Reduced -73.4k |
| Orion Porfolio Solutions, LLC 0.01% of their portfolio | 283.8k $1.7m | Added +2.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 279.9k $1.7m | Added +262.6k |
| Virtu Financial LLC 0.07% of their portfolio | 265.9k $1.6m | Added +41.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 258.0k $1.5m | Added +60.0k |
| Engineers Gate Manager LP 0.02% of their portfolio | 240.3k $1.4m | Added +112.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 226.2k $1.3m | Reduced -442.5k |
| SG Americas Securities, LLC 0.00% of their portfolio | 211.0k $1.2m | Reduced -488.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 209.1k $1.2m | Reduced -61.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 204.0k $1.2m | New |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.00% of their portfolio | 199.2k $1.2m | New |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 197.5k $1.2m | Added +7.6k |
| LPL Financial LLC 0.00% of their portfolio | 193.3k $1.1m | Added +4.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 189.4k $1.1m | Reduced -24.5k |
| CAXTON ASSOCIATES LLP 0.02% of their portfolio | 180.1k $1.1m | Reduced -744.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 175.9k $1.0m | Reduced -760 |
| Soviero Asset Management, LP 0.56% of their portfolio | 170.0k $1.0m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 169.6k $1.0m | Added +21.4k |
| Creative Planning 0.00% of their portfolio | 168.5k $995.9k | Added +20.4k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.03% of their portfolio | 164.0k $969.3k | New |
| Quantbot Technologies LP 0.04% of their portfolio | 164.0k $969.2k | New |
| FIL Ltd 0.00% of their portfolio | 162.0k $957.3k | New |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 160.1k $919.1k | Added +10.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 154.4k $912.4k | First filing |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 153.7k $908.2k | Reduced -237.1k |
| ABC ARBITRAGE SA 0.12% of their portfolio | 153.5k $906.9k | Added +50.2k |
| AXQ CAPITAL, LP 0.11% of their portfolio | 149.2k $881.7k | Added +36.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 147.1k $869.4k | Reduced -27.5k |
| Vontobel Holding Ltd. 0.00% of their portfolio | 143.1k $845.8k | Reduced -241.5k |