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 ($942.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.38. Options: 14 managers hold calls ($21.4m notional), 11 hold puts ($5.3m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 354 |
| Q4 2022 | 352 |
| Q1 2023 | 342 |
| Q2 2023 | 338 |
| Q3 2023 | 335 |
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 |
| Q3 2023 | 133 | 115 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $11.3m | $18.5m | 1.64 |
| Q1 2023 | $7.2m | $10.8m | 1.49 |
| Q2 2023 | $15.7m | $6.2m | 0.39 |
| Q3 2023 | $21.4m | $5.3m | 0.25 |
Biggest buyers
| DIMENSIONAL FUND ADVISORS LP | Added | +1.8m |
| Dorsal Capital Management, LP | Added | +1.8m |
| BDT CAPITAL PARTNERS, LLC | Added | +1.8m |
| Invenomic Capital Management LP | Added | +1.2m |
| ING GROEP NV | New | +1.0m |
| BlackRock Inc. | Added | +943.4k |
| NORGES BANK | Added | +853.2k |
| VANGUARD GROUP INC | Added | +499.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +414.8k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +381.5k |
Biggest sellers
| JANUS HENDERSON GROUP PLC | Reduced | -7.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Sold out | -2.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.0m |
| D. E. Shaw & Co., Inc. | Reduced | -1.0m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -652.6k |
| Cubist Systematic Strategies, LLC | Reduced | -565.8k |
| STATE OF WISCONSIN INVESTMENT BOARD | Reduced | -512.1k |
| CITADEL ADVISORS LLC | Reduced | -498.9k |
| MORGAN STANLEY | Reduced | -257.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $10.1m1.6m shares |
| SIMPLEX TRADING, LLC | Added | $3.2m467.0k shares |
| UBS Group AG | Added | $1.9m300.0k shares |
| HSBC HOLDINGS PLC | New | $1.9m293.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.4m214.9k shares |
| Squarepoint Ops LLC | Reduced | $934.7k146.5k shares |
| CITADEL ADVISORS LLC | Added | $686.5k107.6k shares |
| SG Americas Securities, LLC | Added | $541.0k3.5m shares |
| GTS SECURITIES LLC | New | $491.9k77.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $372.0k58.3k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $1.9m280.1k shares |
| SG Americas Securities, LLC | Unchanged | $898.0k735.0k shares |
| HSBC HOLDINGS PLC | New | $632.0k100.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $510.4k80.0k shares |
| Walleye Trading LLC | Reduced | $406.4k63.7k shares |
| CITADEL ADVISORS LLC | Reduced | $373.9k58.6k shares |
| JANE STREET GROUP, LLC | Reduced | $304.3k47.7k shares |
| GTS SECURITIES LLC | New | $210.5k33.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $88.0k13.8k shares |
| Cutler Group LLC / CA | Reduced | $2.0k3.1k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2023 | 0 | — | 0 | — | — |
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 80.54% of their portfolio | 35.0m $223.5m | Added +1.8m |
| VANGUARD GROUP INC 0.00% of their portfolio | 19.6m $125.0m | Added +499.2k |
| BlackRock Inc. 0.00% of their portfolio | 17.0m $108.3m | Added +943.4k |
| ArrowMark Colorado Holdings LLC 0.66% of their portfolio | 8.6m $54.6m | Added +2.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 7.1m $45.6m | Added +1.8m |
| STATE STREET CORP 0.00% of their portfolio | 5.7m $36.3m | Added +298.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 4.7m $30.0m | Added +381.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 4.2m $26.8m | Added +50.5k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 4.1m $26.5m | Reduced -1.0m |
| Dorsal Capital Management, LP 0.68% of their portfolio | 3.0m $19.1m | Added +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $19.0m | Added +239.5k |
| Invenomic Capital Management LP 0.70% of their portfolio | 2.6m $16.8m | Added +1.2m |
| NORGES BANK 0.00% of their portfolio | 2.6m $16.7m | Added +853.2k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 1.9m $12.1m | Added +9.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $10.3m | Reduced -257.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.5m $9.7m | Reduced -24.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.5m $9.3m | Added +367.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.4m $8.6m | Added +50.6k |
| ING GROEP NV 0.06% of their portfolio | 1.0m $6.6m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 1.0m $6.4m | Added +257.8k |
| Corient Private Wealth LP 0.01% of their portfolio | 993.6k $6.3m | Added +255.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 816.6k $5.2m | Added +180.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 797.9k $5.1m | Reduced -652.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 737.5k $4.7m | Added +26.0k |
| FORMULA GROWTH LTD 1.57% of their portfolio | 720.0k $4.6m | Reduced -12.0k |
| GMT Capital Corp 0.15% of their portfolio | 617.9k $3.9m | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 609.7k $3.9m | Reduced -192.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 584.1k $3.7m | Added +19.1k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 547.6k $3.5m | Added +302.1k |
| BARCLAYS PLC 0.00% of their portfolio | 533.5k $3.4m | Added +113.1k |
| HighTower Advisors, LLC 0.01% of their portfolio | 527.2k $3.4m | Added +15.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 459.9k $2.9m | Added +74.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 447.7k $2.9m | Reduced -1.0m |
| Swiss National Bank 0.00% of their portfolio | 438.2k $2.8m | Added +30.2k |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 431.0k $2.7m | Added +12.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 414.8k $2.6m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 412.6k $2.6m | Reduced -10.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 406.5k $2.6m | Reduced -498.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 404.0k $2.6m | Reduced -227.8k |
| Profit Investment Management, LLC 1.81% of their portfolio | 401.1k $2.6m | Unchanged |
| TWINBEECH CAPITAL LP 0.05% of their portfolio | 398.9k $2.5m | Reduced -132.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 385.5k $2.5m | Reduced -1.5m |
| Invesco Ltd. 0.00% of their portfolio | 356.6k $2.3m | Reduced -22.1k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 351.6k $2.2m | New |
| UBS Group AG 0.00% of their portfolio | 336.4k $2.1m | Added +13.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 333.0k $2.1m | Added +11.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 318.8k $2.2m | Reduced -159.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 317.9k $2.0m | Added +2.6k |
| Federation des caisses Desjardins du Quebec 0.02% of their portfolio | 300.7k $1.9m | Added +74.5k |
| Legal & General Group Plc 0.00% of their portfolio | 283.8k $1.8m | Reduced -2.8k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 283.8k $1.8m | New |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 281.8k $1.8m | Reduced -4.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 279.3k $1.8m | Reduced -128.4k |
| Retirement Systems of Alabama 0.01% of their portfolio | 249.7k $1.6m | Added +5.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 247.9k $1.6m | Added +3.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 246.8k $1.6m | Added +10.8k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 244.1k $1.6m | Reduced -71.0k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 243.4k $1.6m | Reduced -53.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 232.2k $1.5m | Unchanged |
| 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 | 221.7k $1.4m | Reduced -5.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 206.2k $1.3m | Added +56.1k |
| Matthew 25 Management Corp 0.46% of their portfolio | 190.0k $1.2m | Added +40.0k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 186.9k $1.2m | Reduced -5.6k |
| STRS OHIO 0.01% of their portfolio | 177.8k $1.1m | Added +37.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 172.2k $1.1m | Added +10.9k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 169.8k $1.1m | Added +2.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 165.4k $1.1m | Reduced -512.1k |
| Engineers Gate Manager LP 0.04% of their portfolio | 159.7k $1.0m | Added +8.2k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 146.3k $933.3k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 143.5k $915.4k | Reduced -28.8k |
| South Dakota Investment Council 0.02% of their portfolio | 138.3k $882.0k | Added +19.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 138.0k $880.4k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 137.9k $879.6k | Added +3.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 132.8k $847.0k | Added +23.7k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 130.1k $829.9k | Reduced -7.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 126.7k $808.5k | Reduced -4.1k |
| FMR LLC 0.00% of their portfolio | 122.8k $783.7k | Reduced -122 |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 119.9k $764.0k | Added +42.7k |
| AMALGAMATED BANK 0.01% of their portfolio | 118.4k $755.0k | Reduced -5.1k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 114.6k $731.4k | Added +1.1k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 110.0k $702.0k | Added +63.6k |
| Eudaimonia Partners, LLC 0.17% of their portfolio | 107.1k $683.6k | Added +2.3k |
| Jump Financial, LLC 0.03% of their portfolio | 106.2k $677.6k | Added +72.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 101.1k $645.0k | Reduced -24.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 100.0k $637.5k | New |
| Bayesian Capital Management, LP 0.07% of their portfolio | 98.0k $625.5k | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.08% of their portfolio | 92.9k $592.6k | Reduced -18.9k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 92.1k $587.6k | Reduced -2.5k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 88.8k $566.0k | Added +7.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 88.3k $562.7k | Reduced -7.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 87.8k $561.0k | Added +5.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 86.5k $552.0k | Reduced -1.3k |
| Values First Advisors, Inc. 0.34% of their portfolio | 81.8k $522.1k | Added +37.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 81.8k $522.0k | Added +15.7k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.07% of their portfolio | 80.5k $513.3k | Reduced -13.3k |
| COMERICA BANK 0.00% of their portfolio | 80.0k $510.5k | New |
| CQS (US), LLC 0.06% of their portfolio | 74.7k $476.6k | Unchanged |
| Walleye Trading LLC 0.01% of their portfolio | 73.7k $470.2k | Added +2.6k |
| Cullen Capital Management, LLC 0.01% of their portfolio | 71.5k $456.1k | Added +167 |