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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.79. Options: 9 managers hold calls ($5.3m notional), 7 hold puts ($11.4m).
Trends to Q1 2026
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 |
| Q4 2025 | 300 |
| Q1 2026 | 303 |
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 2024 | 94 | 157 |
| Q3 2024 | 114 | 116 |
| Q4 2024 | 116 | 139 |
| Q1 2025 | 102 | 146 |
| Q2 2025 | 105 | 131 |
| Q3 2025 | 112 | 144 |
| Q4 2025 | 114 | 153 |
| Q1 2026 | 136 | 108 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $3.3m | $4.3m | 1.29 |
| Q3 2025 | $3.3m | $12.9m | 3.90 |
| Q4 2025 | $4.0m | $12.0m | 2.99 |
| Q1 2026 | $5.3m | $11.4m | 2.17 |
Biggest buyers
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN | Added | +12.5m |
| HRT FINANCIAL LP | New | +1.6m |
| Gotham Asset Management, LLC | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| Point72 Asset Management, L.P. | Added | +858.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +716.8k |
| GOLDMAN SACHS GROUP INC | Added | +694.7k |
| GMT Capital Corp | New | +617.9k |
| JPMORGAN CHASE & CO | Added | +571.0k |
| Connor, Clark & Lunn Investment Management Ltd. | New | +297.7k |
Biggest sellers
| JANE STREET GROUP, LLC | Reduced | -1.7m |
| UBS Group AG | Reduced | -1.3m |
| PICTON MAHONEY ASSET MANAGEMENT | Sold out | -833.1k |
| Quinn Opportunity Partners LLC | Reduced | -828.5k |
| MARSHALL WACE, LLP | Sold out | -767.6k |
| Bastion Asset Management Inc. | Reduced | -475.5k |
| XTX Topco Ltd | Reduced | -408.6k |
| SG Americas Securities, LLC | Reduced | -249.4k |
| MORGAN STANLEY | Reduced | -245.4k |
| Invesco Ltd. | Reduced | -242.7k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $2.3m389.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m208.1k shares |
| GROUP ONE TRADING LLC | Reduced | $564.5k97.5k shares |
| CITADEL ADVISORS LLC | New | $327.1k56.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $279.7k48.3k shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | New | $240.0k1.5k shares |
| IMC-Chicago, LLC | New | $173.1k29.9k shares |
| Squarepoint Ops LLC | Unchanged | $147.1k25.4k shares |
| Walleye Trading LLC | New | $58.5k10.1k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $9.3m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $921.2k159.1k shares |
| CITADEL ADVISORS LLC | Reduced | $484.6k83.7k shares |
| JANE STREET GROUP, LLC | Reduced | $473.0k81.7k shares |
| IMC-Chicago, LLC | Reduced | $158.1k27.3k shares |
| Walleye Trading LLC | New | $38.8k6.7k shares |
| GROUP ONE TRADING LLC | Reduced | $579100 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 2026
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 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 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-01-28 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $6.9m1.1m shares |
| 2026-01-27 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $9.5m1.5m shares |
| 2026-01-26 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $6.2m995.9k shares |
| 2026-01-23 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $5.7m928.4k shares |
| 2026-01-22 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $2.5m411.1k shares |
| 2026-01-21 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $29.4m5.0m shares |
| 2026-01-20 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $9.9m1.8m shares |
| 2026-01-16 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN +1 10% owner · See Footnote | Bought | $10.3m1.8m 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BDT CAPITAL PARTNERS, LLC 10.73% of their portfolio | 65.1m $376.6m | Unchanged |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 6.53% of their portfolio | 22.0m $126.9m | Added +12.5m |
| BlackRock, Inc. 0.00% of their portfolio | 16.7m $96.8m | Reduced -3.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 11.5m $66.7m | Added +716.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.8m $45.0m | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 6.6m $38.3m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 4.6m $26.7m | Added +73.7k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 4.0m $23.1m | Added +232.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 2.8m $16.4m | Reduced -204.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.7m $15.5m | Added +120.7k |
| UBS Group AG 0.00% of their portfolio | 2.2m $13.0m | Reduced -1.3m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.8m $10.2m | Added +1.2m |
| HRT FINANCIAL LP 0.03% of their portfolio | 1.6m $9.3m | New |
| Gotham Asset Management, LLC 0.02% of their portfolio | 1.2m $7.1m | Added +1.2m |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.2m $7.0m | First filing |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 1.0m $6.0m | Added +858.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 983.8k $5.4m | Added +571.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 883.8k $5.1m | Added +694.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 814.8k $4.7m | Added +31.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 794.0k $4.6m | Added +253.2k |
| Invesco Ltd. 0.00% of their portfolio | 760.8k $4.4m | Reduced -242.7k |
| MORGAN STANLEY 0.00% of their portfolio | 714.8k $4.1m | Reduced -245.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 714.0k $4.1m | Added +8.2k |
| GMT Capital Corp 0.16% of their portfolio | 617.9k $3.6m | New |
| Quinn Opportunity Partners LLC 0.18% of their portfolio | 596.5k $3.5m | Reduced -828.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 581.7k $3.4m | Added +17.6k |
| Quantinno Capital Management LP 0.00% of their portfolio | 433.3k $2.5m | Added +294.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 431.1k $2.5m | Added +219.4k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 426.2k $2.5m | Added +16.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 422.9k $2.4m | Added +162.9k |
| FORMULA GROWTH LTD 1.05% of their portfolio | 400.0k $2.3m | Reduced -200.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 380.1k $2.2m | Added +7.0k |
| Nuveen, LLC 0.00% of their portfolio | 360.6k $2.1m | Added +102.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 345.4k $2.0m | Added +4.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 316.6k $1.8m | Reduced -16.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 297.7k $1.7m | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 292.1k $1.7m | Reduced -28.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 288.8k $1.7m | Added +271.0k |
| Bastion Asset Management Inc. 0.49% of their portfolio | 278.0k $1.6m | Reduced -475.5k |
| Legal & General Group Plc 0.00% of their portfolio | 262.3k $1.5m | Reduced -30.9k |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 260.7k $1.5m | Added +5.2k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 252.4k $1.4m | Added +129.4k |
| Swiss National Bank 0.00% of their portfolio | 238.2k $1.4m | Reduced -5.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 228.1k $1.3m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 225.5k $1.3m | Added +162.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 185.2k $1.1m | Added +40.5k |
| Mariner, LLC 0.00% of their portfolio | 178.3k $1.0m | Added +4.6k |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 166.7k $965.2k | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 165.6k $959.0k | Added +239 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 152.6k $884.0k | Added +9.4k |
| Murchinson Ltd. 0.35% of their portfolio | 150.0k $868.5k | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 129.6k $750.3k | First filing |
| XTX Topco Ltd 0.01% of their portfolio | 127.5k $738.0k | Reduced -408.6k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 126.0k $729.3k | First filing |
| South Dakota Investment Council 0.01% of their portfolio | 124.2k $719.0k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 121.2k $617.1k | Reduced -36.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 120.9k $700.3k | Added +15.8k |
| AXQ CAPITAL, LP 0.09% of their portfolio | 117.7k $681.5k | Added +42.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 113.4k $656.8k | Reduced -912 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 104.4k $604.7k | Reduced -1.7m |
| GM Advisory Group, LLC 0.02% of their portfolio | 103.0k $596.4k | Reduced -100.0k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 102.6k $593.0k | Unchanged |
| IMC-Chicago, LLC 0.01% of their portfolio | 99.7k $577.1k | Reduced -60.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 98.8k $572.1k | Reduced -1.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 97.6k $565.4k | Reduced -112.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 95.9k $555.5k | Added +48.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 95.3k $552.0k | Added +6.5k |
| Values First Advisors, Inc. 0.28% of their portfolio | 93.6k $541.9k | Added +3.6k |
| LPL Financial LLC 0.00% of their portfolio | 93.2k $539.6k | Added +45.5k |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 93.1k $538.9k | Reduced -166.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 92.3k $534.2k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 82.5k $477.4k | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 80.0k $463.0k | Reduced -1.5k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 78.0k $452.0k | Reduced -219 |
| Integrated Advisors Network LLC 0.02% of their portfolio | 70.4k $407.4k | Reduced -2.1k |
| CITIGROUP INC 0.00% of their portfolio | 70.0k $405.1k | Reduced -183.7k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 66.5k $385.3k | Reduced -29.9k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 66.2k $382.5k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 64.8k $375.2k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 63.0k $364.8k | Reduced -212.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 62.1k $359.6k | Added +5.9k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 60.4k $349.5k | Added +7.6k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 60.3k $348.0k | Unchanged |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.00% of their portfolio | 55.8k $322.8k | New |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 53.0k $306.9k | Reduced -1.2k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 52.1k $301.9k | Added +20.1k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 41.2k $238.8k | Added +26.4k |
| Creative Planning 0.00% of their portfolio | 41.0k $237.2k | Reduced -4.6k |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 39.9k $230.9k | New |
| AMALGAMATED BANK 0.00% of their portfolio | 39.7k $230.0k | Reduced -78 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 39.7k $229.6k | Reduced -23.6k |
| MACROVIEW INVESTMENT MANAGEMENT LLC 0.16% of their portfolio | 38.7k $224.1k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 38.0k $182.4k | Reduced -3.7k |
| MAI Capital Management 0.00% of their portfolio | 37.4k $216.7k | Added +972 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 37.0k $214.4k | Added +20.8k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 36.1k $208.8k | First filing |
| Wedmont Private Capital 0.01% of their portfolio | 35.6k $209.2k | Added +128 |
| Handelsbanken Fonder AB 0.00% of their portfolio | 35.4k $205.0k | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio | 33.6k $194.0k | Unchanged |
| Callan Family Office, LLC 0.00% of their portfolio | 33.1k $191.5k | Added +24 |