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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.95. Options: 8 managers hold calls ($3.5m notional), 5 hold puts ($3.5m).
Trends to Q1 2025
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 |
| Q1 2025 | 313 |
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 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 |
| Q1 2025 | 102 | 146 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $7.2m | $6.2m | 0.86 |
| Q3 2024 | $10.9m | $3.6m | 0.33 |
| Q4 2024 | $8.8m | $3.6m | 0.41 |
| Q1 2025 | $3.5m | $3.5m | 1.01 |
Biggest buyers
| BDT CAPITAL PARTNERS, LLC | Added | +7.1m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +915.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +881.9k |
| Trexquant Investment LP | New | +860.9k |
| UBS Group AG | Added | +707.0k |
| CITADEL ADVISORS LLC | New | +674.1k |
| GMT Capital Corp | New | +617.9k |
| D. E. Shaw & Co., Inc. | Added | +529.1k |
| DIMENSIONAL FUND ADVISORS LP | Added | +384.6k |
| Gallagher Capital Advisors, LLC | New | +214.8k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -2.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.8m |
| MORGAN STANLEY | Reduced | -804.7k |
| MARSHALL WACE, LLP | Reduced | -681.6k |
| STATE OF WISCONSIN INVESTMENT BOARD | Reduced | -456.0k |
| Sone Capital Management, LLC | Sold out | -428.6k |
| Farringdon Capital, Ltd. | Sold out | -419.9k |
| Assenagon Asset Management S.A. | Sold out | -399.9k |
| JANE STREET GROUP, LLC | Reduced | -370.2k |
| Russell Investments Group, Ltd. | Reduced | -365.5k |
Biggest calls
| UBS Group AG | New | $1.5m250.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $670.0k109.4k shares |
| Squarepoint Ops LLC | Unchanged | $527.2k88.6k shares |
| IMC-Chicago, LLC | Reduced | $314.2k52.8k shares |
| CITADEL ADVISORS LLC | Reduced | $191.6k32.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $188.6k31.7k shares |
| GROUP ONE TRADING LLC | Reduced | $113.0k19.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $3.2m509.5k shares |
| CITADEL ADVISORS LLC | Added | $304.0k51.1k shares |
| GROUP ONE TRADING LLC | Reduced | $22.6k3.8k shares |
| RAYMOND JAMES FINANCIAL INC | New | $7.0k1.4k 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 Q1 2025
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 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 | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 100.00% of their portfolio | 59.6m $354.4m | Added +7.1m |
| VANGUARD GROUP INC 0.00% of their portfolio | 16.2m $96.3m | Reduced -103.7k |
| BlackRock, Inc. 0.00% of their portfolio | 14.5m $86.1m | Added +104.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 11.8m $70.4m | Added +384.6k |
| STATE STREET CORP 0.00% of their portfolio | 4.8m $28.3m | Added +29.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 3.9m $23.2m | Reduced -94.6k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 3.9m $23.0m | Reduced -170.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 3.1m $18.6m | Added +881.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.8m $16.5m | Added +62.8k |
| NORGES BANK 0.00% of their portfolio | 2.5m $14.9m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 2.2m $13.1m | Added +915.5k |
| UBS Group AG 0.00% of their portfolio | 1.9m $11.0m | Added +707.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 1.8m $11.0m | Reduced -2.9m |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.7m $10.1m | Added +529.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $9.7m | Added +74.7k |
| Boston Partners 0.01% of their portfolio | 1.5m $9.0m | Reduced -216.1k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 1.4m $8.3m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $7.0m | Reduced -56.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $7.0m | Reduced -804.7k |
| Nuveen, LLC 0.00% of their portfolio | 1.1m $6.7m | First filing |
| Corient Private Wealth LP 0.01% of their portfolio | 1.0m $6.0m | Reduced -882 |
| FORMULA GROWTH LTD 2.41% of their portfolio | 1.0m $6.0m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 882.2k $5.2m | Reduced -55.9k |
| Trexquant Investment LP 0.06% of their portfolio | 860.9k $5.1m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 674.1k $4.0m | New |
| GMT Capital Corp 0.20% of their portfolio | 617.9k $3.7m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 492.3k $2.9m | Reduced -61.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 479.8k $2.9m | Added +71.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 457.0k $2.7m | Reduced -365.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 399.6k $2.4m | Reduced -6.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 388.3k $2.3m | Added +99.4k |
| Invesco Ltd. 0.00% of their portfolio | 357.7k $2.1m | Reduced -68.6k |
| Profit Investment Management, LLC 1.88% of their portfolio | 341.1k $2.0m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 339.2k $2.0m | Added +97.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 334.8k $2.0m | Reduced -456.0k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 324.7k $1.9m | Added +34.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 298.9k $1.8m | Reduced -2.4k |
| Swiss National Bank 0.00% of their portfolio | 263.3k $1.6m | Reduced -3.7k |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 236.5k $1.4m | Added +18.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 232.3k $1.4m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 231.9k $1.4m | Reduced -2.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 225.9k $1.3m | Reduced -25.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 215.5k $1.3m | Added +8.9k |
| Gallagher Capital Advisors, LLC 0.97% of their portfolio | 214.8k $1.3m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 213.8k $1.3m | Added +12.1k |
| Legal & General Group Plc 0.00% of their portfolio | 202.0k $1.2m | Reduced -10.9k |
| STRS OHIO 0.00% of their portfolio | 189.7k $1.1m | New |
| TWINBEECH CAPITAL LP 0.02% of their portfolio | 182.6k $1.1m | Reduced -327.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 179.6k $1.1m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 166.7k $992.1k | Added +76.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 162.7k $967.9k | Reduced -274.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 161.7k $962.4k | Reduced -7.2k |
| Quantinno Capital Management LP 0.01% of their portfolio | 158.7k $944.1k | Added +22.1k |
| FIL Ltd 0.00% of their portfolio | 158.6k $943.7k | New |
| Retirement Systems of Alabama 0.00% of their portfolio | 155.9k $927.6k | Reduced -1.8k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 149.4k $888.9k | Unchanged |
| South Dakota Investment Council 0.02% of their portfolio | 147.9k $880.0k | Unchanged |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 147.9k $879.8k | Reduced -3.2k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 141.9k $844.3k | Reduced -5.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 131.4k $782.0k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 124.8k $742.4k | Added +104.6k |
| Tidal Investments LLC 0.01% of their portfolio | 108.7k $646.8k | Added +19.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 106.3k $634.0k | Reduced -5.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 98.6k $586.9k | Added +70.2k |
| Values First Advisors, Inc. 0.32% of their portfolio | 91.6k $545.6k | Reduced -664 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 90.2k $536.6k | Reduced -681.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 89.7k $534.0k | Reduced -31.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 88.0k $523.6k | Unchanged |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 87.2k $519.0k | Added +3.4k |
| BARCLAYS PLC 0.00% of their portfolio | 78.9k $469.2k | Reduced -262.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 75.6k $449.9k | Reduced -447 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 75.2k $447.4k | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 75.1k $447.0k | Reduced -24.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 73.3k $436.4k | Added +46.0k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 72.2k $429.9k | Reduced -1.9k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 65.9k $392.2k | Reduced -2.6k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 64.2k $382.0k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 62.8k $374.0k | Added +24 |
| Centiva Capital, LP 0.02% of their portfolio | 60.3k $359.0k | Added +41.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 58.7k $349.3k | Reduced -12.5k |
| SHERBROOKE PARK ADVISERS LLC 0.16% of their portfolio | 56.9k $338.8k | Added +11.8k |
| LPL Financial LLC 0.00% of their portfolio | 54.9k $326.9k | Reduced -4.6k |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 53.9k $320.6k | Added +3.8k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 53.2k $316.6k | Added +2.0k |
| Concurrent Investment Advisors, LLC 0.01% of their portfolio | 51.3k $305.3k | Added +31.0k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 49.4k $294.0k | Added +3.6k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 48.2k $286.9k | Added +3.2k |
| Bayesian Capital Management, LP 0.05% of their portfolio | 47.5k $282.6k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 47.4k $282.2k | Added +24.2k |
| ClearAlpha Technologies LP 0.25% of their portfolio | 45.7k $272.2k | New |
| SummitTX Capital, L.P. 0.01% of their portfolio | 45.4k $270.2k | First filing |
| Integrated Advisors Network LLC 0.01% of their portfolio | 44.7k $266.0k | Added +12.8k |
| Engineers Gate Manager LP 0.00% of their portfolio | 43.1k $256.6k | Reduced -125.7k |
| SG Americas Securities, LLC 0.00% of their portfolio | 41.7k $248.0k | Added +5.2k |
| Edgestream Partners, L.P. 0.01% of their portfolio | 40.8k $242.5k | Reduced -273.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 40.4k $240.3k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 39.8k $236.5k | Added +4.7k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 39.0k $232.0k | Reduced -411 |
| NEW MEXICO EDUCATIONAL RETIREMENT BOARD 0.01% of their portfolio | 38.7k $230.0k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 38.1k $226.8k | Reduced -414 |