UNITED BANKSHARES INC WEST V UBSI
COM · Common Stock · CUSIP 909907107
American bank holding company based in West Virginia
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersCharleston, WV
- Founded1982
- Websitebankwithunited.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 ($2.1m this quarter). Holder counts are more reliable. Shares outstanding: 141.6m as of 2025-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $36.47. Options: 5 managers hold calls ($4.4m notional), 5 hold puts ($2.1m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 314 |
| Q4 2022 | 327 |
| Q1 2023 | 311 |
| Q2 2023 | 298 |
| Q3 2023 | 309 |
| Q4 2023 | 310 |
| Q1 2024 | 316 |
| Q2 2024 | 305 |
| Q3 2024 | 336 |
| Q4 2024 | 347 |
| Q1 2025 | 379 |
| Q2 2025 | 366 |
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 | 144 | 131 |
| Q4 2023 | 146 | 138 |
| Q1 2024 | 124 | 139 |
| Q2 2024 | 133 | 140 |
| Q3 2024 | 154 | 123 |
| Q4 2024 | 154 | 142 |
| Q1 2025 | 195 | 127 |
| Q2 2025 | 186 | 156 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $5.6m | $1.2m | 0.22 |
| Q4 2024 | $4.6m | $912.4k | 0.20 |
| Q1 2025 | $3.2m | $1.0m | 0.32 |
| Q2 2025 | $4.4m | $2.1m | 0.48 |
Biggest buyers
| FIRST TRUST ADVISORS LP | Added | +1.5m |
| VANGUARD GROUP INC | Added | +597.7k |
| MORGAN STANLEY | Added | +414.2k |
| EARNEST PARTNERS LLC | Added | +411.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +281.2k |
| JUPITER ASSET MANAGEMENT LTD | Added | +239.6k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +238.8k |
| FMR LLC | Added | +238.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +205.9k |
| UBS Group AG | Added | +180.0k |
Biggest sellers
| Qube Research & Technologies Ltd | Reduced | -401.9k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | Reduced | -261.4k |
| Corebridge Financial, Inc. | Sold out | -221.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -201.4k |
| Balyasny Asset Management L.P. | Reduced | -200.5k |
| JANE STREET GROUP, LLC | Sold out | -182.5k |
| Cubist Systematic Strategies, LLC | Sold out | -155.6k |
| Squarepoint Ops LLC | Reduced | -134.8k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Reduced | -128.7k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -123.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.2m88.0k shares |
| CITADEL ADVISORS LLC | Reduced | $735.9k20.2k shares |
| SIMPLEX TRADING, LLC | Added | $324.0k8.9k shares |
| GROUP ONE TRADING LLC | Added | $116.6k3.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 LLC | New | $1.7m45.6k shares |
| WOLVERINE TRADING, LLC | New | $200.4k5.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $127.0k3.5k shares |
| GROUP ONE TRADING LLC | Added | $94.7k2.6k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
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 | 2 | $35.7k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 3 | $542.1k | $200.0k |
| Q1 2025 | 1 | $91.0k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 20.6m $751.0m | Added +80.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 14.9m $542.7m | Added +597.7k |
| STATE STREET CORP 0.01% of their portfolio | 8.2m $300.8m | Added +17.2k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 7.7m $281.1m | Reduced -81.3k |
| EARNEST PARTNERS LLC 0.76% of their portfolio | 4.6m $168.5m | Added +411.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.6m $130.8m | Added +110.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 3.6m $130.5m | Added +4.3k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.53% of their portfolio | 2.2m $78.5m | Reduced -128.7k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 1.9m $70.5m | Added +1.5m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.8m $63.8m | Added +16.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.7m $62.4m | Reduced -20.3k |
| NORGES BANK 0.01% of their portfolio | 1.7m $60.6m | Added +124.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.20% of their portfolio | 1.5m $54.8m | Added +7.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $51.7m | Added +48.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $44.7m | Added +33.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $42.4m | Added +414.2k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 1.2m $42.2m | Reduced -72.9k |
| ProShare Advisors LLC 0.08% of their portfolio | 1.2m $42.0m | Added +123.3k |
| Invesco Ltd. 0.01% of their portfolio | 1.1m $40.0m | Added +116.1k |
| UBS Group AG 0.01% of their portfolio | 798.6k $29.1m | Added +180.0k |
| Nuveen, LLC 0.01% of their portfolio | 772.9k $28.2m | Reduced -49.9k |
| UNITED BANK 3.11% of their portfolio | 713.0k $26.0m | Added +1.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 651.6k $23.7m | Reduced -81.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 639.6k $23.3m | Added +1.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 591.4k $21.6m | Added +11.6k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 562.1k $20.5m | Added +281.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 534.7k $19.5m | Added +125.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 478.2k $17.4m | Added +19.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 475.1k $17.3m | Reduced -116.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 466.0k $17.0m | Added +53.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 465.8k $17.0m | Added +238.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 441.6k $16.1m | Reduced -201.4k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 436.0k $15.9m | Reduced -401.9k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.42% of their portfolio | 429.1k $15.6m | Added +5.6k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 396.1k $14.4m | Added +28.0k |
| BARCLAYS PLC 0.01% of their portfolio | 347.7k $12.7m | Added +103.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 343.2k $12.5m | Added +205.9k |
| FMR LLC 0.00% of their portfolio | 335.4k $12.2m | Added +238.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 325.1k $11.8m | Reduced -5.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 292.8k $10.7m | Added +9.7k |
| JUPITER ASSET MANAGEMENT LTD 0.09% of their portfolio | 285.8k $10.4m | Added +239.6k |
| Verition Fund Management LLC 0.06% of their portfolio | 275.0k $10.0m | Reduced -13.8k |
| Swiss National Bank 0.01% of their portfolio | 274.2k $10.0m | Added +12.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 266.6k $9.7m | Reduced -123.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 265.8k $9.7m | Reduced -47.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 258.5k $9.4m | Added +8.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 243.4k $8.9m | Added +24.7k |
| Legal & General Group Plc 0.00% of their portfolio | 242.4k $8.8m | Added +22.1k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.42% of their portfolio | 233.0k $8.5m | Reduced -261.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 225.9k $8.2m | Added +11.8k |
| SEGALL BRYANT & HAMILL, LLC 0.12% of their portfolio | 225.0k $8.2m | Added +18.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 212.9k $7.8m | Reduced -53.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 196.1k $7.1m | Added +170.7k |
| Retirement Systems of Alabama 0.02% of their portfolio | 173.2k $6.3m | Reduced -545 |
| MetLife Investment Management, LLC 0.03% of their portfolio | 158.4k $5.8m | Added +4.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 155.6k $5.7m | Added +14.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 154.9k $5.6m | Reduced -3.3k |
| CITIGROUP INC 0.00% of their portfolio | 149.4k $5.4m | Reduced -22.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 148.8k $5.4m | Added +82.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 139.4k $5.1m | Added +14.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 138.7k $5.1m | Reduced -134.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 133.1k $4.8m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 131.2k $4.8m | Added +13.8k |
| NTV Asset Management LLC 0.56% of their portfolio | 128.0k $4.7m | Reduced -571 |
| Brandywine Global Investment Management, LLC 0.03% of their portfolio | 126.4k $4.6m | Reduced -5.2k |
| WESBANCO BANK INC 0.13% of their portfolio | 119.1k $4.3m | Reduced -68 |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 118.8k $4.3m | Added +26.2k |
| MALTESE CAPITAL MANAGEMENT LLC 0.59% of their portfolio | 115.0k $4.2m | Reduced -16.3k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.05% of their portfolio | 112.7k $4.1m | Added +2.7k |
| Holocene Advisors, LP 0.01% of their portfolio | 109.8k $4.0m | Added +7.8k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 101.2k $3.7m | Reduced -331 |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 100.0k $3.6m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 94.5k $3.4m | Reduced -10.2k |
| Focus Partners Wealth 0.01% of their portfolio | 93.8k $3.4m | Added +20.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 93.5k $3.4m | Added +1.2k |
| SG Americas Securities, LLC 0.01% of their portfolio | 88.9k $3.2m | Added +56.6k |
| BROWN ADVISORY INC 0.00% of their portfolio | 87.1k $3.2m | Reduced -1.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 86.7k $3.2m | Added +4.3k |
| DOVER ADVISORS, LLC 1.38% of their portfolio | 86.1k $3.1m | Unchanged |
| EP Wealth Advisors, LLC 0.02% of their portfolio | 83.7k $3.0m | Reduced -96 |
| AXXCESS WEALTH MANAGEMENT, LLC 0.07% of their portfolio | 82.9k $3.0m | Reduced -902 |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 79.0k $2.9m | Added +4.5k |
| Waldron Private Wealth LLC 0.12% of their portfolio | 77.3k $2.8m | Unchanged |
| Nicholson Wealth Management Group, LLC 1.71% of their portfolio | 76.2k $2.8m | Unchanged |
| Dana Investment Advisors, Inc. 0.09% of their portfolio | 75.9k $2.8m | Reduced -1.2k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 74.9k $2.7m | Added +7.5k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 70.5k $2.6m | Reduced -3.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 70.4k $2.6m | Added +8.4k |
| LPL Financial LLC 0.00% of their portfolio | 69.5k $2.5m | Added +1.1k |
| Mubadala Investment Co PJSC 0.01% of their portfolio | 67.7k $2.5m | New |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 65.9k $2.4m | Added +14.4k |
| Trexquant Investment LP 0.03% of their portfolio | 62.5k $2.3m | New |
| AMALGAMATED BANK 0.02% of their portfolio | 62.0k $2.3m | Reduced -484 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 61.5k $2.2m | Unchanged |
| Sterling Capital Management LLC 0.03% of their portfolio | 59.7k $2.2m | Added +1.5k |
| Wealthcare Advisory Partners LLC 0.05% of their portfolio | 58.9k $2.1m | Added +11.6k |
| STALEY CAPITAL ADVISERS INC 0.09% of their portfolio | 56.5k $2.1m | Reduced -500 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 55.5k $2.0m | Added +47.3k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 55.0k $2.0m | Reduced -104 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 54.7k $2.0m | Unchanged |