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 ($702.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.49. Options: 9 managers hold calls ($3.3m notional), 6 hold puts ($4.3m).
Trends to Q2 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 |
| Q2 2025 | 306 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 105 | 131 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $10.9m | $3.6m | 0.33 |
| Q4 2024 | $8.8m | $3.6m | 0.41 |
| Q1 2025 | $3.5m | $3.5m | 1.01 |
| Q2 2025 | $3.3m | $4.3m | 1.29 |
Biggest buyers
| BDT CAPITAL PARTNERS, LLC | Added | +2.9m |
| FIL Ltd | Added | +2.6m |
| Gotham Asset Management, LLC | Added | +979.5k |
| CITADEL ADVISORS LLC | Added | +900.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +762.3k |
| GOLDMAN SACHS GROUP INC | Added | +509.6k |
| NORGES BANK | Added | +410.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +383.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +375.5k |
| Balyasny Asset Management L.P. | Added | +214.4k |
Biggest sellers
| UBS Group AG | Reduced | -1.6m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.5m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.4m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -1.3m |
| JANUS HENDERSON GROUP PLC | Reduced | -1.3m |
| Boston Partners | Reduced | -1.3m |
| VANGUARD GROUP INC | Reduced | -999.2k |
| Trexquant Investment LP | Sold out | -860.9k |
| MORGAN STANLEY | Reduced | -738.3k |
| D. E. Shaw & Co., Inc. | Reduced | -500.4k |
Biggest calls
| UBS Group AG | Unchanged | $1.6m250.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $563.0k83.0k shares |
| CITADEL ADVISORS LLC | Added | $295.9k45.6k shares |
| PEAK6 LLC | New | $264.8k40.8k shares |
| GROUP ONE TRADING LLC | Added | $205.1k31.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $152.5k23.5k shares |
| Walleye Trading LLC | New | $143.4k22.1k shares |
| JANE STREET GROUP, LLC | New | $96.7k14.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $3.8m560.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $286.9k44.2k shares |
| CITADEL ADVISORS LLC | Reduced | $102.5k15.8k shares |
| Walleye Trading LLC | New | $97.3k15.0k shares |
| GROUP ONE TRADING LLC | Reduced | $3.9k600 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 1 | $100.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-03 | Shadman Mehri Chief Legal Officer | Sold | $100.2k16.3k 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 2025
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 100.00% of their portfolio | 62.5m $405.4m | Added +2.9m |
| VANGUARD GROUP INC 0.00% of their portfolio | 15.2m $98.6m | Reduced -999.2k |
| BlackRock, Inc. 0.00% of their portfolio | 14.3m $93.0m | Reduced -140.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 11.9m $77.3m | Added +82.2k |
| STATE STREET CORP 0.00% of their portfolio | 4.7m $30.4m | Reduced -84.4k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 3.9m $25.3m | Added +25.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 3.7m $24.1m | Reduced -185.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 3.5m $22.8m | Added +375.5k |
| NORGES BANK 0.00% of their portfolio | 2.9m $18.9m | Added +410.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.8m $17.9m | Reduced -17.2k |
| FIL Ltd 0.02% of their portfolio | 2.8m $17.9m | Added +2.6m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.6m $10.2m | Added +900.4k |
| Gotham Asset Management, LLC 0.05% of their portfolio | 1.3m $8.5m | Added +979.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.2m $7.8m | Reduced -500.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $7.5m | Reduced -12.0k |
| Nuveen, LLC 0.00% of their portfolio | 1.0m $6.5m | Reduced -119.2k |
| Corient Private Wealth LP 0.01% of their portfolio | 1.0m $6.5m | Reduced -885 |
| FORMULA GROWTH LTD 2.45% of their portfolio | 1.0m $6.5m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 924.9k $6.0m | Added +762.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 897.9k $5.8m | Added +509.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 826.8k $5.4m | Reduced -55.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 807.3k $5.2m | Reduced -1.4m |
| GMT Capital Corp 0.17% of their portfolio | 617.9k $4.0m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 583.6k $3.8m | Added +91.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 519.7k $3.4m | Reduced -1.3m |
| MORGAN STANLEY 0.00% of their portfolio | 432.3k $2.8m | Reduced -738.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 416.8k $2.7m | Added +17.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 383.7k $2.5m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 359.1k $2.3m | Added +127.2k |
| Invesco Ltd. 0.00% of their portfolio | 357.5k $2.3m | Reduced -161 |
| Profit Investment Management, LLC 2.00% of their portfolio | 341.1k $2.2m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 292.9k $1.9m | Reduced -6.0k |
| UBS Group AG 0.00% of their portfolio | 286.2k $1.9m | Reduced -1.6m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 267.3k $1.7m | Added +41.4k |
| Swiss National Bank 0.00% of their portfolio | 256.5k $1.7m | Reduced -6.8k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 249.7k $1.6m | Added +214.4k |
| Boston Partners 0.00% of their portfolio | 249.2k $1.6m | Reduced -1.3m |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 247.3k $1.6m | Added +148.6k |
| Concurrent Investment Advisors, LLC 0.03% of their portfolio | 246.5k $1.6m | Added +195.2k |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 239.8k $1.6m | Added +3.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 230.3k $1.5m | Reduced -2.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 221.8k $1.4m | Reduced -235.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 213.1k $1.4m | Added +123.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 211.8k $1.4m | Added +180.5k |
| Legal & General Group Plc 0.00% of their portfolio | 206.1k $1.3m | Added +4.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 185.8k $1.2m | Reduced -294.0k |
| Quantinno Capital Management LP 0.01% of their portfolio | 184.9k $1.2m | Added +26.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 179.6k $1.2m | Unchanged |
| Retirement Systems of Alabama 0.00% of their portfolio | 156.5k $1.0m | Added +654 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 150.6k $977.7k | Reduced -188.6k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 148.2k $962.1k | Reduced -1.1k |
| South Dakota Investment Council 0.02% of their portfolio | 147.9k $960.0k | Unchanged |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 147.9k $959.7k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 146.6k $951.7k | Reduced -15.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 129.1k $838.1k | Reduced -2.3k |
| Centiva Capital, LP 0.05% of their portfolio | 120.3k $780.5k | Added +59.9k |
| HighTower Advisors, LLC 0.00% of their portfolio | 118.0k $765.8k | Reduced -6.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 116.0k $754.0k | Added +9.7k |
| Values First Advisors, Inc. 0.41% of their portfolio | 115.5k $749.5k | Added +23.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 114.9k $745.8k | Reduced -1.5m |
| Tidal Investments LLC 0.00% of their portfolio | 111.0k $720.1k | Added +2.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 94.2k $611.2k | Reduced -121.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 88.0k $571.1k | Unchanged |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 87.7k $569.0k | Added +449 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 87.4k $566.0k | Added +12.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 85.4k $554.5k | Reduced -249.3k |
| OP Asset Management Ltd 0.01% of their portfolio | 79.5k $516.1k | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 78.0k $506.4k | Added +4.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 75.9k $492.7k | Added +304 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 75.2k $488.0k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 75.0k $486.6k | Reduced -3.9k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 70.0k $454.1k | Reduced -2.3k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 66.2k $428.9k | Reduced -1.3m |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 64.2k $417.0k | Unchanged |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 63.7k $413.4k | Reduced -2.2k |
| AMALGAMATED BANK 0.00% of their portfolio | 62.0k $403.0k | Reduced -747 |
| Quinn Opportunity Partners LLC 0.03% of their portfolio | 60.0k $389.4k | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 58.3k $378.3k | Reduced -424 |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 58.0k $376.2k | Added +4.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 56.8k $368.0k | Reduced -157.0k |
| Bayesian Capital Management, LP 0.06% of their portfolio | 56.1k $364.1k | Added +8.6k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 55.6k $361.1k | Added +7.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 55.5k $360.2k | Added +2.3k |
| Integrated Advisors Network LLC 0.02% of their portfolio | 55.2k $358.4k | Added +10.5k |
| MAI Capital Management 0.00% of their portfolio | 50.6k $328.5k | Added +33.7k |
| LPL Financial LLC 0.00% of their portfolio | 50.4k $327.2k | Reduced -4.5k |
| AXQ CAPITAL, LP 0.11% of their portfolio | 50.3k $326.4k | Added +27.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 49.4k $320.4k | Added +9.0k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 48.5k $314.6k | Reduced -937 |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 39.2k $254.3k | Added +199 |
| NEW MEXICO EDUCATIONAL RETIREMENT BOARD 0.01% of their portfolio | 38.7k $251.0k | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 38.6k $260.7k | Added +23.3k |
| Focus Partners Advisor Solutions, LLC 0.00% of their portfolio | 38.0k $246.8k | New |
| COMERICA BANK 0.00% of their portfolio | 37.5k $243.5k | Reduced -605 |
| SHERBROOKE PARK ADVISERS LLC 0.10% of their portfolio | 37.2k $241.6k | Reduced -19.7k |
| Louisiana State Employees Retirement System 0.00% of their portfolio | 36.0k $233.6k | Added +100 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 35.9k $233.2k | Added +2.3k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 35.4k $230.0k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 34.6k $228.0k | Added +5.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio | 33.6k $218.0k | Unchanged |