UNDER ARMOUR INC UA
CL C · Common Stock · CUSIP 904311206 · ISIN US9043112062
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 ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.72. Options: 12 managers hold calls ($15.7m notional), 10 hold puts ($6.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 354 |
| Q4 2022 | 352 |
| Q1 2023 | 342 |
| Q2 2023 | 338 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 142 | 144 |
| Q1 2023 | 98 | 160 |
| Q2 2023 | 105 | 145 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $6.1m | $12.3m | 2.02 |
| Q4 2022 | $11.3m | $18.5m | 1.64 |
| Q1 2023 | $7.2m | $10.8m | 1.49 |
| Q2 2023 | $15.7m | $6.2m | 0.39 |
Biggest buyers
| BDT CAPITAL PARTNERS, LLC | Added | +25.8m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.0m |
| NEUBERGER BERMAN GROUP LLC | New | +1.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +1.1m |
| D. E. Shaw & Co., Inc. | Added | +700.3k |
| Invenomic Capital Management LP | Added | +658.9k |
| ArrowMark Colorado Holdings LLC | Added | +605.4k |
| Cubist Systematic Strategies, LLC | Added | +590.8k |
| TWINBEECH CAPITAL LP | New | +531.1k |
| HighTower Advisors, LLC | Added | +401.8k |
Biggest sellers
| STATE OF WISCONSIN INVESTMENT BOARD | Reduced | -3.4m |
| Echo Street Capital Management LLC | Sold out | -2.8m |
| Assenagon Asset Management S.A. | Sold out | -2.7m |
| Dorsal Capital Management, LP | Reduced | -2.5m |
| NORGES BANK | Reduced | -1.8m |
| CITADEL ADVISORS LLC | Reduced | -1.8m |
| VANGUARD GROUP INC | Reduced | -1.7m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.4m |
| Fort Baker Capital Management LP | Sold out | -523.1k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $10.3m1.5m shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0m277.6k shares |
| Squarepoint Ops LLC | New | $1.1m168.3k shares |
| SG Americas Securities, LLC | Added | $620.0k2.6m shares |
| CITADEL ADVISORS LLC | Reduced | $528.1k78.7k shares |
| WOLVERINE TRADING, LLC | New | $423.7k63.9k shares |
| Walleye Trading LLC | Reduced | $359.7k53.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $211.4k31.5k shares |
| UBS Group AG | New | $134.9k20.1k shares |
| Cutler Group LLC / CA | Added | $4.0k73.9k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $2.2m309.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.2m177.0k shares |
| SG Americas Securities, LLC | Added | $824.0k735.0k shares |
| CITADEL ADVISORS LLC | Added | $741.5k110.5k shares |
| Walleye Trading LLC | Added | $634.1k94.5k shares |
| JANE STREET GROUP, LLC | Reduced | $329.5k49.1k shares |
| WOLVERINE TRADING, LLC | New | $145.9k22.0k shares |
| PEAK6 Investments LLC | Reduced | $110.0k16.4k shares |
| Cutler Group LLC / CA | Added | $7.0k9.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| BlackRock, Inc. 13G · institution +2.6 pts · filed 2026-07-08 | 10.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $28.1m | — |
| Q1 2022 | 0 | — | 1 | $45.3k | — |
| Q2 2022 | 1 | $474.8k | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $650.8k | — |
| Q2 2023 | 0 | — | 1 | $98.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-31 | Plank Kevin A Exec. Chair & Brand Chief, director · KDP Holdings I LLC | Sold | $78.1m12.7m shares |
| 2023-05-31 | Plank Kevin A Exec. Chair & Brand Chief, director · KDP Holdings II LLC | Sold | $19.9m3.3m 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 2023
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 66.68% of their portfolio | 33.3m $223.2m | Added +25.8m |
| VANGUARD GROUP INC 0.00% of their portfolio | 19.1m $128.1m | Reduced -1.7m |
| BlackRock Inc. 0.00% of their portfolio | 16.0m $107.6m | Reduced -406.6k |
| ArrowMark Colorado Holdings LLC 0.63% of their portfolio | 8.6m $57.4m | Added +605.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 7.2m $48.6m | Reduced -185.1k |
| STATE STREET CORP 0.00% of their portfolio | 5.4m $36.2m | Reduced -150.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 5.3m $35.5m | Added +2.0m |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 5.2m $34.7m | Added +700.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 4.3m $29.0m | Added +17.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 4.1m $27.8m | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.7m $18.4m | Added +114.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 2.4m $16.3m | Added +59.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.9m $12.7m | Reduced -1.6m |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 1.9m $12.6m | New |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $12.5m | Added +52.4k |
| NORGES BANK 0.00% of their portfolio | 1.8m $11.8m | Reduced -1.8m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.6m $10.4m | Reduced -25.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.5m $10.0m | Added +362.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.5m $9.7m | Reduced -307.7k |
| Invenomic Capital Management LP 0.54% of their portfolio | 1.4m $9.6m | Added +658.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $8.7m | Reduced -74.4k |
| Dorsal Capital Management, LP 0.32% of their portfolio | 1.2m $8.1m | Reduced -2.5m |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.1m $7.3m | Reduced -519.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 905.4k $6.1m | Reduced -1.8m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 802.2k $5.4m | Reduced -71.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 752.9k $5.1m | Reduced -383.8k |
| Corient Private Wealth LP 0.01% of their portfolio | 738.0k $5.0m | Added +128.3k |
| FORMULA GROWTH LTD 1.56% of their portfolio | 732.0k $4.9m | Added +92.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 711.5k $4.8m | Reduced -39.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 677.5k $4.5m | Reduced -3.4m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 635.7k $4.3m | Reduced -444.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 631.8k $4.2m | Added +83.7k |
| GMT Capital Corp 0.16% of their portfolio | 617.9k $4.1m | Unchanged |
| Cubist Systematic Strategies, LLC 0.05% of their portfolio | 615.8k $4.1m | Added +590.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 565.0k $3.8m | Reduced -7.1k |
| TWINBEECH CAPITAL LP 0.07% of their portfolio | 531.1k $3.6m | New |
| HighTower Advisors, LLC 0.01% of their portfolio | 511.9k $3.4m | Added +401.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 478.6k $3.5m | Reduced -256.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 423.1k $2.8m | Reduced -312.4k |
| BARCLAYS PLC 0.00% of their portfolio | 420.5k $2.8m | Added +117.4k |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 418.8k $2.8m | Added +75.9k |
| Swiss National Bank 0.00% of their portfolio | 408.0k $2.7m | Reduced -12.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 407.7k $2.7m | Reduced -446.3k |
| Profit Investment Management, LLC 1.75% of their portfolio | 401.1k $2.7m | Added +21.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 385.7k $2.6m | Added +225.7k |
| Invesco Ltd. 0.00% of their portfolio | 378.6k $2.5m | Added +281 |
| UBS Group AG 0.00% of their portfolio | 322.9k $2.2m | Reduced -77.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 321.9k $2.7m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 315.3k $2.1m | Added +61.8k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 315.1k $2.1m | Added +62.3k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 297.3k $2.0m | Added +246.1k |
| Legal & General Group Plc 0.00% of their portfolio | 286.6k $1.9m | Reduced -138 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 285.9k $1.9m | Reduced -6.6k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 245.6k $1.6m | Reduced -276.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 244.9k $1.6m | Reduced -4.2k |
| Retirement Systems of Alabama 0.01% of their portfolio | 244.3k $1.6m | Reduced -3.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 236.0k $1.6m | Added +2.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 232.2k $1.6m | Reduced -1.5k |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 0.08% of their portfolio | 229.0k $1.5m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 227.1k $1.5m | Reduced -15.1k |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 226.2k $1.5m | Added +50.0k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 192.6k $1.3m | Added +24.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 172.3k $1.2m | Added +1.5k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 166.8k $1.1m | Reduced -3.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 161.3k $1.1m | Reduced -18.2k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 154.2k $1.0m | Unchanged |
| Engineers Gate Manager LP 0.04% of their portfolio | 151.5k $1.0m | Added +5.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 150.1k $1.0m | Added +41.4k |
| Matthew 25 Management Corp 0.37% of their portfolio | 150.0k $1.0m | Added +70.0k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 146.3k $981.5k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 140.6k $943.0k | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 137.6k $923.3k | Reduced -15.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 134.8k $904.4k | Reduced -5.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 130.9k $878.1k | Added +646 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 125.7k $843.2k | Added +20.9k |
| AMALGAMATED BANK 0.01% of their portfolio | 123.5k $829.0k | Reduced -7.8k |
| Squarepoint Ops LLC 0.00% of their portfolio | 123.0k $825.1k | New |
| FMR LLC 0.00% of their portfolio | 123.0k $825.0k | Reduced -124.0k |
| South Dakota Investment Council 0.02% of their portfolio | 119.2k $800.0k | Added +31.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 113.5k $761.7k | Reduced -2.7k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.10% of their portfolio | 111.8k $750.3k | Reduced -223.3k |
| Verition Fund Management LLC 0.01% of their portfolio | 109.4k $733.8k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 109.0k $732.0k | Added +6.2k |
| Eudaimonia Partners, LLC 0.16% of their portfolio | 104.8k $703.5k | New |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 103.0k $691.4k | New |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 94.6k $634.8k | Reduced -2.8k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.07% of their portfolio | 93.8k $629.3k | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 91.6k $614.9k | Reduced -27.6k |
| SHERBROOKE PARK ADVISERS LLC 0.32% of their portfolio | 90.9k $609.8k | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 87.8k $589.0k | Reduced -10.4k |
| Oak Thistle LLC 0.30% of their portfolio | 85.2k $572.0k | Added +48.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 81.9k $550.0k | Reduced -1.6k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 81.0k $543.0k | Reduced -9.0k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 77.2k $517.0k | Added +28.2k |
| BROWN ADVISORY INC 0.00% of their portfolio | 76.5k $513.4k | Added +35.1k |
| CQS (US), LLC 0.06% of their portfolio | 74.7k $501.2k | Unchanged |
| Cullen Capital Management, LLC 0.00% of their portfolio | 71.3k $478.5k | Added +18.0k |
| Walleye Trading LLC 0.02% of their portfolio | 71.1k $477.3k | Added +48.1k |
| CITIGROUP INC 0.00% of their portfolio | 70.8k $475.3k | Added +36.8k |
| LPL Financial LLC 0.00% of their portfolio | 69.3k $464.8k | Reduced -28.2k |