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 ($591.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.83. Options: 9 managers hold calls ($3.3m notional), 10 hold puts ($12.9m).
Trends to Q3 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 |
| Q3 2025 | 307 |
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 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 |
| Q3 2025 | 112 | 144 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $8.8m | $3.6m | 0.41 |
| Q1 2025 | $3.5m | $3.5m | 1.01 |
| Q2 2025 | $3.3m | $4.3m | 1.29 |
| Q3 2025 | $3.3m | $12.9m | 3.90 |
Biggest buyers
| UBS Group AG | Added | +4.7m |
| FIL Ltd | Added | +4.3m |
| BDT CAPITAL PARTNERS, LLC | Added | +2.6m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.4m |
| D. E. Shaw & Co., Inc. | Added | +1.3m |
| Quinn Opportunity Partners LLC | Added | +660.0k |
| Engineers Gate Manager LP | New | +631.3k |
| JPMORGAN CHASE & CO | Added | +533.5k |
| Bastion Asset Management Inc. | New | +403.1k |
| SG Americas Securities, LLC | New | +317.2k |
Biggest sellers
| Gotham Asset Management, LLC | Sold out | -1.3m |
| Corient Private Wealth LP | Sold out | -1.0m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -783.5k |
| Nuveen, LLC | Reduced | -762.5k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -735.2k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -655.2k |
| CITADEL ADVISORS LLC | Reduced | -623.8k |
| VICTORY CAPITAL MANAGEMENT INC | Sold out | -519.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -439.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -365.3k |
Biggest calls
| UBS Group AG | Added | $1.8m369.8k shares |
| Sender Co & Partners, Inc. | New | $431.1k86.4k shares |
| GROUP ONE TRADING LLC | Added | $277.7k57.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $274.0k55.3k shares |
| WOLVERINE TRADING, LLC | New | $148.4k30.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $130.4k27.0k shares |
| Walleye Trading LLC | Added | $122.7k25.4k shares |
| CITADEL ADVISORS LLC | Reduced | $71.5k14.8k shares |
| JANE STREET GROUP, LLC | Reduced | $57.5k11.9k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $5.4m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.7m351.6k shares |
| Balyasny Asset Management L.P. | New | $1.2m250.0k shares |
| Walleye Trading LLC | Added | $1.1m235.4k shares |
| IMC-Chicago, LLC | New | $1.0m210.4k shares |
| D. E. Shaw & Co., Inc. | New | $966.0k200.0k shares |
| JANE STREET GROUP, LLC | New | $665.1k137.7k shares |
| CITADEL ADVISORS LLC | Added | $535.2k110.8k shares |
| GROUP ONE TRADING LLC | Added | $172.4k35.7k shares |
| WOLVERINE TRADING, LLC | New | $88.3k18.2k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 4 | $1.5m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-21 | Sweeney Robert John Director | Bought | $488.0k100.0k shares |
| 2025-08-18 | El-Erian Mohamed Director | Bought | $520.0k100.0k shares |
| 2025-08-13 | Fitzpatrick Dawn N. Director | Bought | $493.0k100.0k shares |
| 2025-08-13 | Aumen Eric J Chief Accounting Officer | Bought | $10.0k2.0k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 100.00% of their portfolio | 65.1m $314.2m | Added +2.6m |
| VANGUARD GROUP INC 0.00% of their portfolio | 14.9m $72.0m | Reduced -293.2k |
| BlackRock, Inc. 0.00% of their portfolio | 14.1m $68.0m | Reduced -253.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 11.3m $54.4m | Reduced -655.2k |
| FIL Ltd 0.03% of their portfolio | 7.1m $34.3m | Added +4.3m |
| UBS Group AG 0.00% of their portfolio | 5.0m $24.3m | Added +4.7m |
| STATE STREET CORP 0.00% of their portfolio | 4.6m $22.2m | Reduced -75.5k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 3.7m $17.7m | Reduced -222.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 3.6m $17.3m | Reduced -128.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 2.8m $13.4m | Reduced -735.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.7m $13.0m | Reduced -59.2k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 2.5m $12.0m | Added +1.3m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.3m $11.3m | Added +1.4m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $5.3m | Reduced -56.0k |
| FORMULA GROWTH LTD 1.72% of their portfolio | 1.0m $4.8m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 950.7k $4.6m | Reduced -623.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 800.8k $3.9m | Added +533.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 799.6k $3.9m | Reduced -27.2k |
| Quinn Opportunity Partners LLC 0.25% of their portfolio | 720.0k $3.5m | Added +660.0k |
| Engineers Gate Manager LP 0.03% of their portfolio | 631.3k $3.0m | New |
| GMT Capital Corp 0.14% of their portfolio | 617.9k $3.0m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 537.8k $2.6m | Added +105.6k |
| Invesco Ltd. 0.00% of their portfolio | 489.8k $2.4m | Added +132.3k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 466.3k $2.3m | Added +216.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 458.3k $2.2m | Reduced -439.6k |
| Bastion Asset Management Inc. 1.12% of their portfolio | 403.1k $1.9m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 399.3k $1.9m | Added +213.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 393.8k $1.9m | Reduced -189.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 391.2k $1.9m | Reduced -25.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 317.2k $1.5m | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 307.7k $1.5m | Added +279.9k |
| XTX Topco Ltd 0.08% of their portfolio | 303.3k $1.5m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 272.7k $1.3m | Reduced -20.2k |
| Swiss National Bank 0.00% of their portfolio | 256.5k $1.2m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 254.6k $1.2m | Added +232.2k |
| Concurrent Investment Advisors, LLC 0.02% of their portfolio | 246.5k $1.2m | Reduced -22 |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 245.9k $1.2m | Added +6.1k |
| Nuveen, LLC 0.00% of their portfolio | 245.0k $1.2m | Reduced -762.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 240.7k $1.2m | Reduced -118.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 240.5k $1.2m | Added +18.7k |
| HRT FINANCIAL LP 0.01% of their portfolio | 240.3k $1.2m | New |
| Boston Partners 0.00% of their portfolio | 235.9k $1.1m | Reduced -13.2k |
| IMC-Chicago, LLC 0.02% of their portfolio | 230.1k $1.1m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 228.1k $1.1m | Reduced -2.2k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 223.4k $1.1m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 207.1k $1.0m | Added +60.4k |
| Legal & General Group Plc 0.00% of their portfolio | 202.5k $978.0k | Reduced -3.6k |
| ClearAlpha Technologies LP 2.50% of their portfolio | 189.2k $914.0k | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 177.4k $857.0k | Reduced -2.2k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 172.0k $831.0k | Added +84.4k |
| Quantinno Capital Management LP 0.00% of their portfolio | 169.5k $818.9k | Reduced -15.3k |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 168.8k $815.1k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 153.2k $740.2k | New |
| Profit Investment Management, LLC 0.91% of their portfolio | 150.3k $725.7k | Reduced -190.8k |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 147.9k $714.2k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 146.9k $709.8k | Added +72.0k |
| Retirement Systems of Alabama 0.00% of their portfolio | 146.6k $708.2k | Reduced -9.9k |
| Walleye Trading LLC 0.01% of their portfolio | 145.7k $703.6k | Added +144.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 141.3k $682.6k | Reduced -9.3k |
| GM Advisory Group, LLC 0.03% of their portfolio | 130.7k $631.1k | Added +100.0k |
| South Dakota Investment Council 0.01% of their portfolio | 129.9k $627.0k | Reduced -18.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 129.0k $623.2k | Reduced -115 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 125.8k $608.0k | Added +9.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 124.0k $599.0k | Added +9.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 118.9k $574.4k | Reduced -92.8k |
| HighTower Advisors, LLC 0.00% of their portfolio | 117.8k $569.2k | Reduced -153 |
| Values First Advisors, Inc. 0.29% of their portfolio | 113.1k $546.3k | Reduced -2.4k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 101.9k $492.0k | Added +86.7k |
| Sugar Maple Asset Management, LLC 0.35% of their portfolio | 101.3k $489.3k | Added +90.8k |
| Blueshift Asset Management, LLC 0.15% of their portfolio | 99.2k $479.0k | Added +80.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 88.8k $429.0k | Reduced -124.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 88.0k $425.0k | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 87.4k $423.0k | Unchanged |
| Oak Thistle LLC 0.06% of their portfolio | 87.1k $420.9k | New |
| AXQ CAPITAL, LP 0.16% of their portfolio | 86.3k $416.9k | Added +36.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 82.9k $401.0k | Added +26.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 82.8k $399.8k | Added +66.1k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 82.5k $398.3k | Added +7.3k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 77.9k $376.2k | Reduced -70.3k |
| Freestone Grove Partners LP 0.00% of their portfolio | 77.7k $375.3k | New |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 75.6k $365.1k | Added +49.8k |
| Integrated Advisors Network LLC 0.01% of their portfolio | 70.6k $340.8k | Added +15.3k |
| LPL Financial LLC 0.00% of their portfolio | 69.7k $336.7k | Added +19.3k |
| Trexquant Investment LP 0.00% of their portfolio | 69.3k $334.8k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 69.2k $334.4k | Reduced -6.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 68.1k $329.0k | Reduced -26.1k |
| Mariner, LLC 0.00% of their portfolio | 66.9k $323.3k | Added +34.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 66.2k $320.2k | Unchanged |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 64.2k $310.0k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 63.4k $306.1k | Reduced -6.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 63.2k $305.4k | Added +13.9k |
| SHERBROOKE PARK ADVISERS LLC 0.14% of their portfolio | 62.9k $303.9k | Added +25.7k |
| AMALGAMATED BANK 0.00% of their portfolio | 59.5k $287.0k | Reduced -2.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 57.6k $278.1k | Reduced -698 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 56.0k $270.5k | Reduced -7.7k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 53.7k $259.5k | Reduced -1.8k |
| Zuckerman Investment Group, LLC 0.02% of their portfolio | 50.0k $241.7k | New |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 46.4k $224.2k | New |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 45.0k $217.2k | Reduced -3.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 44.5k $215.0k | Reduced -202.8k |