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 ($4.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.46. Options: 12 managers hold calls ($8.8m notional), 8 hold puts ($3.6m).
Trends to Q4 2024
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 |
| Q1 2024 | 339 |
| Q2 2024 | 311 |
| Q3 2024 | 325 |
| Q4 2024 | 336 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 98 | 160 |
| Q2 2023 | 105 | 145 |
| Q3 2023 | 133 | 115 |
| Q4 2023 | 115 | 143 |
| Q1 2024 | 129 | 130 |
| Q2 2024 | 94 | 157 |
| Q3 2024 | 114 | 116 |
| Q4 2024 | 116 | 139 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $9.2m | $6.8m | 0.73 |
| Q2 2024 | $7.2m | $6.2m | 0.86 |
| Q3 2024 | $10.9m | $3.6m | 0.33 |
| Q4 2024 | $8.8m | $3.6m | 0.41 |
Biggest buyers
| Boston Partners | Added | +1.6m |
| AMERICAN CENTURY COMPANIES INC | Added | +1.5m |
| BANK OF AMERICA CORP /DE/ | Added | +1.3m |
| JANUS HENDERSON GROUP PLC | Added | +1.3m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +939.7k |
| UBS Group AG | Added | +908.1k |
| Nuveen Asset Management, LLC | Added | +790.5k |
| MARSHALL WACE, LLP | New | +771.8k |
| BlackRock, Inc. | Added | +706.7k |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +687.5k |
Biggest sellers
| BDT CAPITAL PARTNERS, LLC | Reduced | -7.6m |
| HRT FINANCIAL LP | Sold out | -1.3m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -767.8k |
| NORDEA INVESTMENT MANAGEMENT AB | Sold out | -716.1k |
| CITADEL ADVISORS LLC | Sold out | -698.0k |
| GMT Capital Corp | Sold out | -617.9k |
| Schonfeld Strategic Advisors LLC | Reduced | -613.2k |
| Quinn Opportunity Partners LLC | Sold out | -479.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -452.4k |
| Fund 1 Investments, LLC | Sold out | -401.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $2.0m268.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.9m250.4k shares |
| GROUP ONE TRADING LLC | New | $1.1m146.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m143.3k shares |
| Squarepoint Ops LLC | New | $661.0k88.6k shares |
| Caption Management, LLC | New | $540.9k72.5k shares |
| Walleye Trading LLC | Added | $515.5k69.1k shares |
| IMC-Chicago, LLC | New | $484.2k64.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $349.3k47.4k shares |
| JANE STREET GROUP, LLC | Reduced | $182.0k24.4k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $1.9m226.3k shares |
| PEAK6 LLC | First filing | $705.0k94.5k shares |
| Walleye Trading LLC | Reduced | $399.9k53.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $245.4k32.9k shares |
| GROUP ONE TRADING LLC | New | $241.0k32.3k shares |
| Squarepoint Ops LLC | New | $92.5k12.4k shares |
| CITADEL ADVISORS LLC | Reduced | $79.8k10.7k 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 2024
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 2023 | 0 | — | 1 | $650.8k | — |
| Q2 2023 | 0 | — | 1 | $98.1m | — |
| 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 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-02 | Bergman David Chief Financial Officer | Sold | $272.7k30.0k shares |
| 2024-11-18 | Shadman Mehri Chief Legal Officer | Sold | $84.9k9.6k shares |
| 2024-11-15 | Shadman Mehri Chief Legal Officer | Sold | $151.0k17.2k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 100.00% of their portfolio | 52.4m $391.0m | Reduced -7.6m |
| VANGUARD GROUP INC 0.00% of their portfolio | 16.3m $121.6m | Reduced -281.0k |
| BlackRock, Inc. 0.00% of their portfolio | 14.4m $107.1m | Added +706.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 11.4m $85.4m | Reduced -170.5k |
| STATE STREET CORP 0.00% of their portfolio | 4.7m $35.3m | Reduced -32.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 4.7m $35.2m | Reduced -767.8k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 4.0m $30.1m | Added +38.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 4.0m $29.8m | Reduced -19.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.7m $20.3m | Reduced -212.7k |
| NORGES BANK 0.00% of their portfolio | 2.5m $18.7m | Reduced -245.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 2.3m $16.8m | Added +1.5m |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 2.1m $15.9m | Added +790.5k |
| MORGAN STANLEY 0.00% of their portfolio | 2.0m $14.7m | Added +259.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.8m $13.5m | Added +374.7k |
| Boston Partners 0.02% of their portfolio | 1.7m $12.9m | Added +1.6m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $11.6m | Added +1.3m |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 1.4m $10.2m | Added +1.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.3m $9.6m | Added +939.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $9.2m | Added +229.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.2m $8.7m | Reduced -266.6k |
| UBS Group AG 0.00% of their portfolio | 1.1m $8.6m | Added +908.1k |
| Corient Private Wealth LP 0.01% of their portfolio | 1.0m $7.5m | Reduced -699 |
| FORMULA GROWTH LTD 2.53% of their portfolio | 1.0m $7.5m | Added +370.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 938.1k $7.0m | Added +3.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 822.5k $6.1m | Added +619.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 790.8k $5.9m | Added +687.5k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 771.8k $5.8m | New |
| Capula Management Ltd 0.04% of their portfolio | 729.1k $5.4m | Added +114.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 553.7k $4.1m | Added +83.8k |
| TWINBEECH CAPITAL LP 0.07% of their portfolio | 510.0k $3.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 437.6k $3.3m | Reduced -154.8k |
| Sone Capital Management, LLC 0.40% of their portfolio | 428.6k $3.2m | First filing |
| Invesco Ltd. 0.00% of their portfolio | 426.2k $3.2m | Reduced -76.2k |
| Farringdon Capital, Ltd. 1.29% of their portfolio | 419.9k $3.1m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 408.8k $3.0m | Added +185.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 406.0k $3.0m | Reduced -4.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 401.6k $3.0m | Reduced -280.9k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 399.9k $3.0m | New |
| BARCLAYS PLC 0.00% of their portfolio | 341.2k $2.5m | Added +36.9k |
| Profit Investment Management, LLC 2.04% of their portfolio | 341.1k $2.5m | Unchanged |
| Edgestream Partners, L.P. 0.10% of their portfolio | 313.9k $2.3m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 301.3k $2.2m | Reduced -3.4k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 290.7k $2.2m | Reduced -19.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 288.9k $2.2m | Reduced -452.4k |
| Swiss National Bank 0.00% of their portfolio | 267.0k $2.0m | Reduced -25.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 251.7k $1.9m | Reduced -258.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 241.6k $1.8m | Reduced -107.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 234.7k $1.8m | Reduced -7.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 232.3k $1.7m | Unchanged |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.18% of their portfolio | 227.7k $1.7m | New |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 218.4k $1.6m | Added +6.8k |
| Legal & General Group Plc 0.00% of their portfolio | 212.9k $1.6m | Reduced -23.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 206.6k $1.5m | Added +37.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 201.6k $1.5m | Reduced -6.5k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 188.1k $1.4m | Reduced -613.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 179.6k $1.3m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 168.9k $1.3m | First filing |
| Engineers Gate Manager LP 0.02% of their portfolio | 168.9k $1.3m | New |
| Retirement Systems of Alabama 0.00% of their portfolio | 157.6k $1.2m | Added +346 |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 151.1k $1.1m | Reduced -96.2k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 149.4k $1.1m | Unchanged |
| South Dakota Investment Council 0.02% of their portfolio | 147.9k $1.1m | Unchanged |
| Corebridge Financial, Inc. 0.01% of their portfolio | 147.1k $1.1m | Reduced -6.5k |
| Quantinno Capital Management LP 0.01% of their portfolio | 136.5k $1.0m | Added +32.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 131.4k $980.5k | Reduced -13.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 121.6k $908.0k | Added +20.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 121.2k $904.1k | Added +110.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 111.4k $831.0k | Added +4.5k |
| ABC ARBITRAGE SA 0.12% of their portfolio | 109.7k $818.7k | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 105.0k $783.5k | Reduced -20.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 99.1k $738.0k | Unchanged |
| Values First Advisors, Inc. 0.38% of their portfolio | 92.3k $688.4k | Reduced -13.9k |
| Verition Fund Management LLC 0.00% of their portfolio | 89.9k $670.7k | Reduced -220.4k |
| Tidal Investments LLC 0.01% of their portfolio | 89.6k $668.2k | Added +41.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 88.0k $656.5k | Unchanged |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 83.8k $625.0k | Reduced -730 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 76.1k $567.4k | Reduced -1.6k |
| Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio | 75.2k $561.0k | First filing |
| MetLife Investment Management, LLC 0.00% of their portfolio | 74.2k $553.2k | Added +6.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 71.2k $531.1k | Reduced -4.5k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 68.5k $510.9k | Reduced -1.5k |
| Neo Ivy Capital Management 0.10% of their portfolio | 65.3k $486.0k | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 64.2k $479.0k | Unchanged |
| XTX Topco Ltd 0.04% of their portfolio | 63.4k $473.2k | Reduced -45.4k |
| AMALGAMATED BANK 0.00% of their portfolio | 62.8k $468.0k | Added +2.1k |
| LPL Financial LLC 0.00% of their portfolio | 59.5k $444.2k | Reduced -21.1k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 53.9k $401.8k | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 51.2k $382.2k | New |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 50.1k $361.0k | Reduced -791 |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 45.8k $341.6k | Reduced -3.5k |
| Aster Capital Management (DIFC) Ltd 0.13% of their portfolio | 45.4k $338.9k | Added +43.7k |
| SHERBROOKE PARK ADVISERS LLC 0.11% of their portfolio | 45.1k $336.8k | Reduced -46.7k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 45.0k $335.8k | Added +30 |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 43.0k $321.0k | Added +8.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 40.4k $301.2k | Reduced -9.9k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 39.4k $293.9k | Reduced -3.6k |
| NEW MEXICO EDUCATIONAL RETIREMENT BOARD 0.01% of their portfolio | 38.7k $289.0k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 38.5k $287.4k | Reduced -3.4k |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 37.3k $278.0k | Added +4.0k |
| SG Americas Securities, LLC 0.00% of their portfolio | 36.5k $272.0k | Added +22.4k |