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 ($934.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.35. Options: 13 managers hold calls ($27.1m notional), 11 hold puts ($5.5m).
Trends to Q4 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 |
| Q4 2023 | 334 |
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 |
| Q4 2023 | 115 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $7.2m | $10.8m | 1.49 |
| Q2 2023 | $15.7m | $6.2m | 0.39 |
| Q3 2023 | $21.4m | $5.3m | 0.25 |
| Q4 2023 | $27.1m | $5.5m | 0.20 |
Biggest buyers
| BDT CAPITAL PARTNERS, LLC | Added | +7.9m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.1m |
| MORGAN STANLEY | Added | +1.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.6m |
| Cambria Investment Management, L.P. | New | +1.2m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| NEUBERGER BERMAN GROUP LLC | Added | +877.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +555.4k |
| Schonfeld Strategic Advisors LLC | New | +468.9k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | New | +439.3k |
Biggest sellers
| D. E. Shaw & Co., Inc. | Reduced | -1.5m |
| ING GROEP NV | Sold out | -1.0m |
| ArrowMark Colorado Holdings LLC | Reduced | -947.6k |
| Invenomic Capital Management LP | Reduced | -854.7k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -717.6k |
| GMT Capital Corp | Sold out | -617.9k |
| Point72 Asset Management, L.P. | Sold out | -547.6k |
| Dorsal Capital Management, LP | Reduced | -500.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -385.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -372.9k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $13.4m1.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $3.9m448.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.8m217.1k shares |
| HSBC HOLDINGS PLC | Reduced | $1.8m213.6k shares |
| SG Americas Securities, LLC | Added | $1.4m3.7m shares |
| UBS Group AG | Reduced | $1.3m150.0k shares |
| Squarepoint Ops LLC | Reduced | $1.2m146.0k shares |
| CITADEL ADVISORS LLC | Added | $1.1m128.6k shares |
| GTS SECURITIES LLC | Reduced | $629.6k75.4k shares |
| WOLVERINE TRADING, LLC | Added | $566.1k67.8k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $2.1m238.3k shares |
| HSBC HOLDINGS PLC | Unchanged | $839.0k100.0k shares |
| Walleye Trading LLC | Added | $709.8k85.0k shares |
| CITADEL ADVISORS LLC | Added | $491.8k58.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $464.3k55.6k shares |
| JANE STREET GROUP, LLC | Added | $424.2k50.8k shares |
| GTS SECURITIES LLC | Reduced | $242.2k29.0k shares |
| WOLVERINE TRADING, LLC | Added | $221.3k26.5k shares |
| SG Americas Securities, LLC | Reduced | $49.0k700.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 99.98% of their portfolio | 43.0m $358.7m | Added +7.9m |
| VANGUARD GROUP INC 0.00% of their portfolio | 19.6m $163.9m | Added +35.0k |
| BlackRock Inc. 0.00% of their portfolio | 16.8m $140.0m | Reduced -215.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 9.2m $76.9m | Added +2.1m |
| ArrowMark Colorado Holdings LLC 0.70% of their portfolio | 7.6m $63.6m | Reduced -947.6k |
| STATE STREET CORP 0.00% of their portfolio | 5.7m $47.8m | Added +36.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 4.5m $37.6m | Reduced -202.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 4.2m $35.2m | Added +22.4k |
| MORGAN STANLEY 0.00% of their portfolio | 3.3m $27.4m | Added +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $25.1m | Added +26.2k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 2.8m $23.2m | Added +877.1k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 2.6m $21.9m | Reduced -1.5m |
| Dorsal Capital Management, LP 0.68% of their portfolio | 2.5m $20.9m | Reduced -500.0k |
| NORGES BANK 0.00% of their portfolio | 2.4m $19.7m | Reduced -252.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 2.0m $16.9m | Added +1.6m |
| Invenomic Capital Management LP 0.79% of their portfolio | 1.8m $14.8m | Reduced -854.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.5m $12.4m | Reduced -47.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $12.3m | Added +1.1m |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.4m $12.1m | Reduced -1.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.4m $11.4m | Added +10.1k |
| Cambria Investment Management, L.P. 0.70% of their portfolio | 1.2m $10.0m | New |
| Corient Private Wealth LP 0.02% of their portfolio | 1.0m $8.4m | Added +15.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 834.7k $7.0m | Added +555.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 800.7k $6.7m | Added +353.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 713.8k $6.0m | Added +104.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 711.8k $5.9m | Reduced -25.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 637.8k $5.3m | Reduced -372.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 586.9k $4.9m | Reduced -229.7k |
| FORMULA GROWTH LTD 1.54% of their portfolio | 575.0k $4.8m | Reduced -145.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 558.1k $4.7m | Reduced -26.0k |
| HighTower Advisors, LLC 0.01% of their portfolio | 521.7k $4.4m | Reduced -5.4k |
| Invesco Ltd. 0.00% of their portfolio | 518.2k $4.3m | Added +161.6k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 468.9k $3.9m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 454.7k $3.8m | Reduced -5.2k |
| Profit Investment Management, LLC 2.14% of their portfolio | 447.9k $3.7m | Added +46.8k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.55% of their portfolio | 439.3k $3.7m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 428.4k $3.6m | Added +15.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 425.5k $3.6m | Added +19.1k |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 410.5k $3.4m | Reduced -20.5k |
| TWINBEECH CAPITAL LP 0.05% of their portfolio | 401.3k $3.4m | Added +2.4k |
| BARCLAYS PLC 0.00% of their portfolio | 397.3k $3.3m | Reduced -136.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.03% of their portfolio | 374.2k $3.1m | Added +334.3k |
| Swiss National Bank 0.00% of their portfolio | 350.3k $2.9m | Reduced -87.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 333.0k $2.8m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 318.4k $2.7m | Added +528 |
| Federation des caisses Desjardins du Quebec 0.02% of their portfolio | 304.0k $2.5m | Added +3.4k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 283.8k $2.4m | Unchanged |
| Matthew 25 Management Corp 0.80% of their portfolio | 275.0k $2.3m | Added +85.0k |
| Legal & General Group Plc 0.00% of their portfolio | 271.7k $2.3m | Reduced -12.1k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 261.3k $2.2m | Reduced -20.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 250.0k $2.1m | Added +2.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 246.1k $2.1m | Reduced -728 |
| Retirement Systems of Alabama 0.01% of their portfolio | 242.3k $2.0m | Reduced -7.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 232.3k $1.9m | Added +78 |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 0.13% of their portfolio | 229.0k $1.9m | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 219.4k $1.8m | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 203.0k $1.7m | Added +16.0k |
| UBS Group AG 0.00% of their portfolio | 201.9k $1.7m | Reduced -134.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 200.0k $1.7m | Added +100.0k |
| Walleye Trading LLC 0.02% of their portfolio | 198.1k $1.7m | Added +124.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 197.0k $1.6m | Reduced -9.2k |
| FMR LLC 0.00% of their portfolio | 196.4k $1.6m | Added +73.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 191.6k $1.6m | Reduced -30.1k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 182.1k $1.5m | Added +9.9k |
| SIMPLEX TRADING, LLC 0.05% of their portfolio | 179.6k $1.5m | Added +59.8k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 167.0k $1.4m | Reduced -2.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 165.6k $1.4m | Added +255 |
| GTS SECURITIES LLC 0.03% of their portfolio | 162.3k $1.4m | Added +98.7k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 156.9k $1.3m | Added +10.7k |
| South Dakota Investment Council 0.03% of their portfolio | 148.0k $1.2m | Added +9.8k |
| Verition Fund Management LLC 0.01% of their portfolio | 145.1k $1.2m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 144.0k $1.2m | Added +487 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 138.0k $1.2m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 128.5k $1.1m | Reduced -9.4k |
| AMALGAMATED BANK 0.01% of their portfolio | 125.5k $1.0m | Added +7.1k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 119.7k $999.5k | Reduced -10.4k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 109.2k $912.1k | Reduced -5.4k |
| Eudaimonia Partners, LLC 0.23% of their portfolio | 107.3k $896.1k | Added +174 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 99.6k $832.0k | Added +11.8k |
| SCS Capital Management LLC 0.01% of their portfolio | 99.6k $831.4k | Added +49.8k |
| LPL Financial LLC 0.00% of their portfolio | 97.9k $817.4k | Added +36.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 97.1k $860.1k | Reduced -221.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 92.9k $775.5k | Reduced -8.2k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 90.6k $756.2k | Reduced -1.5k |
| Values First Advisors, Inc. 0.45% of their portfolio | 90.1k $752.4k | Added +8.3k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 89.6k $749.0k | Added +870 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 88.8k $741.9k | Added +2.4k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 88.0k $735.1k | Reduced -276 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 81.3k $679.0k | Reduced -435 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 80.4k $671.0k | Reduced -717.6k |
| COMERICA BANK 0.00% of their portfolio | 79.0k $659.9k | Reduced -988 |
| Cullen Capital Management, LLC 0.01% of their portfolio | 70.8k $591.0k | Reduced -706 |
| Cutler Group LLC / CA 0.08% of their portfolio | 70.7k $590.0k | Added +52.5k |
| Engineers Gate Manager LP 0.02% of their portfolio | 70.4k $587.9k | Reduced -89.3k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 64.6k $539.4k | Reduced -68.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 64.2k $536.0k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 63.8k $532.5k | Added +54.0k |
| XTX Topco Ltd 0.12% of their portfolio | 63.6k $531.4k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 60.0k $501.0k | Reduced -66.7k |
| CHOREO, LLC 0.01% of their portfolio | 55.5k $463.2k | Added +38 |