UNITED AIRLS HLDGS INC UAL
COM · Common Stock · CUSIP 910047109 · ISIN US9100471096
- SectorIndustrials
- IndustryAir Transportation, Scheduled
- HeadquartersChicago, IL
- Founded1968
- Websiteir.united.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 ($43.6m this quarter). Holder counts are more reliable. Shares outstanding: 328.8m as of 2024-07-11, 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 ≈ $48.71. Options: 41 managers hold calls ($1.3bn notional), 53 hold puts ($1.9bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 508 |
| Q4 2022 | 578 |
| Q1 2023 | 603 |
| Q2 2023 | 647 |
| Q3 2023 | 624 |
| Q4 2023 | 631 |
| Q1 2024 | 636 |
| Q2 2024 | 671 |
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 2022 | 282 | 199 |
| Q1 2023 | 279 | 269 |
| Q2 2023 | 288 | 268 |
| Q3 2023 | 256 | 305 |
| Q4 2023 | 241 | 309 |
| Q1 2024 | 304 | 286 |
| Q2 2024 | 300 | 284 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $735.0m | $1.8bn | 2.48 |
| Q4 2023 | $823.1m | $2.2bn | 2.72 |
| Q1 2024 | $1.1bn | $2.0bn | 1.88 |
| Q2 2024 | $1.3bn | $1.9bn | 1.52 |
Biggest buyers
| Sanders Capital, LLC | New | +8.4m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +3.8m |
| Amundi | Added | +2.6m |
| Point72 Asset Management, L.P. | Added | +2.0m |
| Slate Path Capital LP | New | +1.6m |
| Castle Hook Partners LP | New | +1.5m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.3m |
| Candlestick Capital Management LP | Added | +1.1m |
| Invesco Ltd. | Added | +988.8k |
| Cartenna Capital, LP | New | +975.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -12.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.8m |
| Schonfeld Strategic Advisors LLC | Reduced | -1.7m |
| Balyasny Asset Management L.P. | Reduced | -1.7m |
| Interval Partners, LP | Reduced | -1.7m |
| ROYAL BANK OF CANADA | Reduced | -1.1m |
| BARCLAYS PLC | Reduced | -899.6k |
| UBS Group AG | Reduced | -828.8k |
| JPMORGAN CHASE & CO | Reduced | -814.3k |
| JANE STREET GROUP, LLC | Reduced | -759.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $211.3m4.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $152.0m3.1m shares |
| BANK OF AMERICA CORP /DE/ | Added | $107.3m2.2m shares |
| GOLDMAN SACHS GROUP INC | Added | $103.6m2.1m shares |
| JPMORGAN CHASE & CO | Added | $82.9m1.7m shares |
| BARCLAYS PLC | Added | $76.6m1.6m shares |
| Candlestick Capital Management LP | Reduced | $63.3m1.3m shares |
| IMC-Chicago, LLC | Added | $53.7m1.1m shares |
| D. E. Shaw & Co., Inc. | Added | $38.9m798.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $36.5m749.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $410.0m8.4m shares |
| CITADEL ADVISORS LLC | Added | $302.1m6.2m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $137.2m2.8m shares |
| D. E. Shaw & Co., Inc. | Reduced | $96.5m2.0m shares |
| SIMPLEX TRADING, LLC | Added | $86.3m1.8m shares |
| JPMORGAN CHASE & CO | Added | $80.6m1.7m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $79.8m1.6m shares |
| IMC-Chicago, LLC | Added | $65.1m1.3m shares |
| JANE STREET GROUP, LLC | Reduced | $56.8m1.2m shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $48.7m1.0m 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 | 7.3% |
Fell to 5% or below in the last year: Capital International Investors (2.0%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PRIMECAP MANAGEMENT CO/CA/ (4.9%, 2026-02-11), FMR LLC (5.0%, 2026-02-05)
Insider purchases and sales in Q2 2024
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 2022 | 1 | $1.8m | 1 | $544.3k | — |
| Q4 2022 | 2 | $1.2m | 1 | $1.2m | — |
| Q1 2023 | 1 | $1.1m | 2 | $1.8m | — |
| Q2 2023 | 0 | — | 1 | $627.1k | — |
| Q3 2023 | 0 | — | 1 | $256.2k | — |
| Q4 2023 | 1 | $218.9k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $1.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-04-18 | Gebo Kate EVP HR and Labor Relations | Sold | $762.9k15.0k shares |
| 2024-04-18 | Gebo Kate EVP HR and Labor Relations | Sold | $762.3k15.0k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 36.2m $1.8bn | Reduced -526.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.84% of their portfolio | 23.7m $1.2bn | Added +28.3k |
| Capital International Investors 0.19% of their portfolio | 18.7m $907.7m | Added +152.4k |
| BlackRock Inc. 0.02% of their portfolio | 18.0m $874.5m | Added +83.3k |
| Capital World Investors 0.09% of their portfolio | 11.3m $550.9m | Reduced -629 |
| STATE STREET CORP 0.02% of their portfolio | 10.2m $498.4m | Added +32.2k |
| Sanders Capital, LLC 0.63% of their portfolio | 8.4m $409.6m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 8.1m $398.0m | Added +236.3k |
| Invesco Ltd. 0.07% of their portfolio | 7.1m $345.0m | Added +988.8k |
| MORGAN STANLEY 0.02% of their portfolio | 6.4m $312.3m | Reduced -12.2m |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 5.6m $272.6m | Added +1.3m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.41% of their portfolio | 4.9m $236.5m | Added +3.8m |
| PAR CAPITAL MANAGEMENT INC 6.99% of their portfolio | 4.6m $221.8m | Unchanged |
| FMR LLC 0.01% of their portfolio | 4.3m $209.1m | Added +240.0k |
| CITADEL ADVISORS LLC 0.19% of their portfolio | 4.0m $194.3m | Added +94.2k |
| Newport Trust Company, LLC 0.45% of their portfolio | 3.7m $178.3m | Reduced -46.5k |
| LSV ASSET MANAGEMENT 0.33% of their portfolio | 3.1m $150.1m | Reduced -176.6k |
| Amundi 0.06% of their portfolio | 3.1m $149.5m | Added +2.6m |
| U S GLOBAL INVESTORS INC 14.46% of their portfolio | 2.9m $152.5m | Reduced -295.0k |
| Candlestick Capital Management LP 5.29% of their portfolio | 2.8m $137.5m | Added +1.1m |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 2.7m $133.8m | Reduced -726.2k |
| Alyeska Investment Group, L.P. 0.69% of their portfolio | 2.4m $118.5m | Added +574.4k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.4m $115.2m | Reduced -1.8k |
| Point72 Asset Management, L.P. 0.36% of their portfolio | 2.3m $111.7m | Added +2.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.2m $107.2m | Added +46.9k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.2m $105.2m | Reduced -728.7k |
| NORGES BANK 0.01% of their portfolio | 1.9m $90.2m | Added +56.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8m $89.8m | Reduced -814.3k |
| GMT Capital Corp 3.01% of their portfolio | 1.7m $81.5m | Reduced -127.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $78.1m | Reduced -27.6k |
| Slate Path Capital LP 1.53% of their portfolio | 1.6m $75.8m | New |
| Castle Hook Partners LP 2.59% of their portfolio | 1.5m $74.8m | New |
| BARCLAYS PLC 0.03% of their portfolio | 1.5m $73.7m | Reduced -899.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.3m $64.2m | Reduced -678.6k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.3m $61.1m | Added +673.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.2m $58.4m | Added +37.8k |
| UBS Group AG 0.02% of their portfolio | 1.2m $57.6m | Reduced -828.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 1.2m $57.6m | Reduced -158.8k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 1.1m $51.1m | Added +375.6k |
| Senator Investment Group LP 2.48% of their portfolio | 1.0m $50.9m | Added +296.1k |
| Patient Capital Management, LLC 2.57% of their portfolio | 993.5k $48.3m | Reduced -116.9k |
| Cartenna Capital, LP 3.71% of their portfolio | 975.0k $47.4m | New |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 912.6k $44.4m | Reduced -4.2k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 804.1k $39.1m | Added +671.9k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 675.9k $32.9m | Added +463.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 654.4k $31.8m | Reduced -59.4k |
| Man Group plc 0.08% of their portfolio | 628.9k $30.6m | Reduced -15.3k |
| Calamos Advisors LLC 0.15% of their portfolio | 627.0k $30.5m | Reduced -229.1k |
| California Public Employees Retirement System 0.02% of their portfolio | 613.2k $29.8m | Added +51.3k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 595.8k $29.0m | Reduced -759.1k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 593.2k $28.9m | Reduced -3.8m |
| Retirement Systems of Alabama 0.11% of their portfolio | 585.0k $28.5m | Reduced -30.5k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 576.5k $28.1m | Added +318.5k |
| Trexquant Investment LP 0.42% of their portfolio | 561.4k $27.3m | Added +207.2k |
| Walleye Trading LLC 0.53% of their portfolio | 555.9k $27.1m | Reduced -234.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.31% of their portfolio | 554.7k $27.0m | Added +176.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 541.9k $26.4m | Reduced -34.7k |
| DENDUR CAPITAL LP 4.83% of their portfolio | 535.0k $26.0m | New |
| Capital Group Private Client Services, Inc. 0.26% of their portfolio | 527.3k $25.7m | Reduced -12.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 521.6k $25.3m | Reduced -113.0k |
| Douglas Lane & Associates, LLC 0.35% of their portfolio | 508.7k $24.8m | Reduced -14.1k |
| Walleye Capital LLC 0.26% of their portfolio | 506.7k $24.7m | Added +284.0k |
| Interval Partners, LP 0.71% of their portfolio | 494.7k $24.1m | Reduced -1.7m |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 488.6k $23.8m | Added +83.2k |
| TOWLE & CO 3.11% of their portfolio | 488.2k $23.8m | Added +4.4k |
| SRS Investment Management, LLC 0.32% of their portfolio | 486.3k $23.7m | New |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 477.1k $23.2m | New |
| Legal & General Group Plc 0.01% of their portfolio | 470.8k $22.9m | Reduced -45.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 453.0k $22.0m | Added +3.5k |
| CITIGROUP INC 0.02% of their portfolio | 447.3k $21.8m | Reduced -219.9k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 435.6k $21.1m | Reduced -137.4k |
| Cubist Systematic Strategies, LLC 0.36% of their portfolio | 429.1k $20.9m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 418.5k $20.4m | Reduced -159.0k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 401.5k $19.5m | Reduced -1.7m |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 366.6k $17.8m | Reduced -8.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 362.8k $17.7m | Reduced -1.1m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 350.3k $17.0m | Added +213.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 348.3k $17.0m | Added +13.7k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 343.2k $16.7m | Added +36.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 325.7k $15.8m | Reduced -14.7k |
| SIMPLEX TRADING, LLC 0.51% of their portfolio | 323.7k $15.8m | Added +85.2k |
| STRS OHIO 0.06% of their portfolio | 319.9k $15.6m | Reduced -78.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 311.1k $15.1m | Added +8.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 276.9k $13.5m | Reduced -79.5k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 272.6k $13.3m | Reduced -104.5k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 250.1k $12.2m | Added +202.7k |
| COBALT CAPITAL MANAGEMENT, INC. 5.27% of their portfolio | 250.0k $12.2m | Reduced -260.0k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 243.2k $11.8m | Added +151.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 241.6k $11.8m | Added +77.0k |
| J. Goldman & Co LP 0.43% of their portfolio | 240.3k $11.7m | Reduced -68.9k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.27% of their portfolio | 236.9k $11.5m | Added +52.5k |
| WOLVERINE TRADING, LLC 0.19% of their portfolio | 236.9k $11.5m | Added +219.9k |
| Appian Way Asset Management LP 2.96% of their portfolio | 236.6k $11.5m | Reduced -2.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 226.9k $11.0m | Added +40.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 216.7k $10.5m | Added +30.3k |
| Cinctive Capital Management LP 0.55% of their portfolio | 209.7k $10.2m | Added +110.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 200.7k $9.8m | Added +5.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 196.6k $9.6m | Reduced -5.6k |
| TWINBEECH CAPITAL LP 0.19% of their portfolio | 195.9k $9.5m | New |
| Brandywine Global Investment Management, LLC 0.07% of their portfolio | 194.4k $9.5m | New |