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United Airlines Holdings, Inc.

UAL
Exchange
Nasdaq
Industry
Air Transportation, Scheduled
SEC CIK
0000100517

In the last 90 days, United Airlines Holdings, Inc. insiders filed 0 open-market purchases and 7 sales; 1,072 institutions reported holding it in 13F filings for Q2 2026, worth $39.5B in total; Duquesne Family Office is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in United Airlines Holdings, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,020
+128 vs. Q3 2025
Shares held
290.0M
+898.4K (+0.3%) vs. Q3 2025
Total value
$32.4B
+$4.49B (+16.1%) vs. Q3 2025
New holders
211
376 more added
Sold out
83
294 more reduced

22 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting UAL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 1,020 institutions
Q1 2021: 577 institutionsQ2 2021: 563 institutionsQ3 2021: 549 institutionsQ4 2021: 542 institutionsQ1 2022: 539 institutionsQ2 2022: 508 institutionsQ3 2022: 508 institutionsQ4 2022: 576 institutionsQ1 2023: 604 institutionsQ2 2023: 647 institutionsQ3 2023: 623 institutionsQ4 2023: 629 institutionsQ1 2024: 636 institutionsQ2 2024: 670 institutionsQ3 2024: 653 institutionsQ4 2024: 858 institutionsQ1 2025: 847 institutionsQ2 2025: 866 institutionsQ3 2025: 914 institutionsQ4 2025: 1,020 institutionsQ1 2026: 978 institutionsQ2 2026: 1,072 institutions
Value heldQ4 2025: $32.4B
Q1 2021: $11.6BQ2 2021: $10.2BQ3 2021: $9.01BQ4 2021: $8.23BQ1 2022: $9.40BQ2 2022: $7.39BQ3 2022: $6.42BQ4 2022: $7.94BQ1 2023: $9.89BQ2 2023: $12.7BQ3 2023: $9.81BQ4 2023: $9.41BQ1 2024: $11.8BQ2 2024: $12.6BQ3 2024: $15.4BQ4 2024: $27.9BQ1 2025: $19.8BQ2 2025: $22.4BQ3 2025: $28.0BQ4 2025: $32.4BQ1 2026: $26.2BQ2 2026: $39.5B
Institutions holding UAL and their total value by quarter
QuarterHoldersValue
Q2 20261,072$39.5B
Q1 2026978$26.2B
Q4 20251,020$32.4B
Q3 2025914$28.0B
Q2 2025866$22.4B
Q1 2025847$19.8B
Q4 2024858$27.9B
Q3 2024653$15.4B
Q2 2024670$12.6B
Q1 2024636$11.8B
Q4 2023629$9.41B
Q3 2023623$9.81B
Q2 2023647$12.7B
Q1 2023604$9.89B
Q4 2022576$7.94B
Q3 2022508$6.42B
Q2 2022508$7.39B
Q1 2022539$9.40B
Q4 2021542$8.23B
Q3 2021549$9.01B
Q2 2021563$10.2B
Q1 2021577$11.6B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding United Airlines Holdings, Inc.; share changes are against Q3 2025.

Institutions holding UAL in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capula Management Ltd19,748$2.21M0.01%+3,514+21.6%Added
Mount Lucas Management LP20,212$2.26M1.00%−130−0.6%Reduced
Kentucky Retirement Systems20,435$2.29M0.06%00.0%Unchanged
Blair William & Co20,458$2.29M0.01%+917+4.7%Added
Strategic Investment Advisors20,763$2.32M0.20%−2,924−12.3%Reduced
Maverick Capital LtdSuperinvestorMaverick Capital20,942$2.34M0.03%+20,942New
Aperture Investors, LLC21,138$2.36M0.33%+10,211+93.4%Added
Royal London Asset Management Ltd21,327$2.38M0.01%+1,040+5.1%Added
Mizuho Securities USA LLC23,572$2.40M0.04%−70.0%Reduced
Cambridge Investment Research Advisors, Inc.21,921$2.45M0.01%+1,533+7.5%Added
Boston Private Wealth LLC21,922$2.45M0.14%+3,502+19.0%Added
Arizona State Retirement System22,269$2.49M0.01%−1,943−8.0%Reduced
Dark Forest Capital Management LP22,948$2.57M0.12%+22,948New
Kestra Advisory Services, LLC23,134$2.59M0.01%+4,882+26.7%Added
Phoenix Holdings Ltd.23,183$2.59M0.03%+13,085+129.6%Added
GWM Advisors LLC23,389$2.62M0.01%+6,153+35.7%Added
Thrivent Financial for Lutherans23,520$2.63M0.00%−7,989−25.4%Reduced
Empirical Finance, LLC23,694$2.65M0.13%−486−2.0%Reduced
Truist Financial Corp24,382$2.73M0.00%−7,369−23.2%Reduced
HighTower Advisors, LLC24,594$2.75M0.00%+1,194+5.1%Added
Federation des caisses Desjardins du Quebec24,700$2.76M0.01%−2,858−10.4%Reduced
Bridgeway Capital Management, LLC24,770$2.77M0.06%−170−0.7%Reduced
Nisa Investment Advisors, LLC24,809$2.77M0.01%+889+3.7%Added
Pathstone Holdings, LLC25,730$2.88M0.01%+1,094+4.4%Added
Tudor Investment Corp Et Al25,795$2.88M0.02%+25,795New
Virtus Wealth Solutions LLC26,005$2.91M0.55%+26,005New
Northwestern Mutual Wealth Management Co26,854$3.00M0.00%−1,549−5.5%Reduced
Albar Capital Partners LLP26,967$3.02M0.71%−22,264−45.2%Reduced
Summit Trail Advisors, LLC27,022$3.02M0.05%+3,555+15.1%Added
Resona Asset Management Co.,Ltd.27,744$3.10M0.01%+335+1.2%Added
Horizon Investments, LLC27,874$3.12M0.04%−315−1.1%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.28,018$3.13M0.02%+17,745+172.7%Added
UniSuper Management Pty Ltd28,116$3.14M0.02%−2,539−8.3%Reduced
State of New Jersey Common Pension Fund D28,129$3.15M0.01%+3,602+14.7%Added
Swiss Life Asset Management Ltd28,231$3.16M0.02%−29,161−50.8%Reduced
Bank of Nova Scotia28,607$3.20M0.00%−39,965−58.3%Reduced
CWA Asset Management Group, LLC28,692$3.21M0.12%+1,305+4.8%Added
Burney Co30,064$3.36M0.10%+30,064New
Neuberger Berman Group LLC30,762$3.44M0.00%+2,933+10.5%Added
Mn Services Vermogensbeheer B.V.30,987$3.46M0.02%+387+1.3%Added
State of Alaska, Department of Revenue32,136$3.59M0.04%−2,560−7.4%Reduced
Sig Brokerage, LP32,189$3.60M1.21%−11,605−26.5%Reduced
Rakuten Investment Management, Inc.32,302$3.60M0.01%−76,433−70.3%Reduced
Concentric Capital Strategies, LP32,385$3.62M0.19%+32,385New
Avanza Fonder AB32,412$3.62M0.09%00.0%Unchanged
Yousif Capital Management, LLC33,484$3.64M0.04%−8,462−20.2%Reduced
APG Asset Management N.V.40,089$3.82M0.01%−4,811−10.7%Reduced
Stance Capital LLC34,195$3.82M1.41%−6,197−15.3%Reduced
Mutual of America Capital Management LLC34,771$3.89M0.04%−330−0.9%Reduced
Nomura Asset Management Co Ltd35,227$3.94M0.01%+314+0.9%Added
Harvest Portfolios Group Inc.35,245$3.94M0.07%−3,929−10.0%Reduced
Ritholtz Wealth Management35,357$3.95M0.07%+7,739+28.0%Added
Captrust Financial Advisors35,485$3.97M0.01%+8,859+33.3%Added
Advisor Group Holdings, Inc.35,680$3.99M0.01%−107,979−75.2%Reduced
Qsemble Capital Management, LP36,196$4.05M0.33%+4,468+14.1%Added
Daiwa Securities Group Inc.36,531$4.08M0.01%+1,722+4.9%Added
CIBC World Markets Corp36,610$4.09M0.02%+36,610New
Apella Capital, LLC36,612$4.09M0.08%−50.0%Reduced
Oregon Public Employees Retirement Fund37,096$4.15M0.05%+43+0.1%Added
Rockefeller Capital Management L.P.37,385$4.18M0.01%−2,801−7.0%Reduced
Moore Capital Management, LP37,813$4.23M0.09%+37,813New
Panagora Asset Management Inc38,316$4.28M0.02%+22,406+140.8%Added
Vident Advisory, LLC38,376$4.29M0.04%−17,359−31.1%Reduced
Sciencast Management LP38,395$4.29M0.59%+38,395New
Evolve Private Wealth, LLC38,525$4.31M0.26%+38,525New
Connor, Clark & Lunn Investment Management Ltd.39,283$4.39M0.01%+39,283New
Rafferty Asset Management, LLC39,305$4.40M0.02%+762+2.0%Added
CAPROCK Group, Inc.39,921$4.46M0.09%+13,205+49.4%Added
Atom Investors LP39,949$4.47M0.35%+39,949New
Mitsubishi UFJ Trust & Banking Corp40,095$4.48M0.01%−44,178−52.4%Reduced
J. Goldman & Co LP41,170$4.60M0.18%+41,170New
Stifel Financial Corp42,142$4.71M0.00%−1,247−2.9%Reduced
Headlands Technologies LLC42,699$4.77M0.40%+42,699New
MML Investors Services, LLC42,917$4.80M0.01%−26,399−38.1%Reduced
Genus Capital Management Inc.43,233$4.83M0.56%−3,000−6.5%Reduced
Asset Management One Co.,Ltd.43,536$4.85M0.01%−520−1.2%Reduced
Robeco Institutional Asset Management B.V.43,491$4.86M0.01%−48,836−52.9%Reduced
New York Life Investment Management LLC43,794$4.90M0.04%+173+0.4%Added
Sterling Capital Management LLC43,917$4.91M0.08%+7,939+22.1%Added
Black Cypress Capital Management, LLC44,994$5.03M3.51%−671−1.5%Reduced
Pictet Asset Management Holding SA44,995$5.03M0.00%+139+0.3%Added
Mirae Asset Global ETFs Holdings Ltd.45,562$5.09M0.01%+1,839+4.2%Added
Dorsey Wright & Associates45,840$5.13M1.11%−683−1.5%Reduced
NEOS Investment Management LLC46,163$5.16M0.03%+7,433+19.2%Added
Owlhouse Capital LP46,200$5.17M5.71%+46,200New
Oxinas Partners Wealth Management LLC47,713$5.34M2.57%−1,040−2.1%Reduced
Commonwealth Equity Services, LLC48,121$5.38M0.01%−3,853−7.4%Reduced
Comerica Bank48,178$5.39M0.02%−8,462−14.9%Reduced
Illinois Municipal Retirement Fund49,083$5.49M0.07%+143+0.3%Added
Aquatic Capital Management LLC49,280$5.51M0.16%−202,639−80.4%Reduced
Cobalt Capital Management, Inc.50,000$5.59M2.47%−100,000−66.7%Reduced
UBS Oconnor LLC50,000$5.59M0.15%+50,000New
Police & Firemen's Retirement System of New Jersey50,035$5.59M0.05%−2,455−4.7%Reduced
United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund50,500$5.65M0.08%+50,500New
Leonteq Securities AG50,838$5.69M0.30%−160.0%Reduced
MidWestOne Financial Group, Inc.51,294$5.74M0.64%−4,340−7.8%Reduced
The PNC Financial Services Group, Inc.51,751$5.79M0.00%+3,177+6.5%Added
USS Investment Management Ltd51,761$5.79M0.03%−131−0.3%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)52,433$5.86M0.01%+3,426+7.0%Added
IMC-Chicago, LLC53,200$5.95M0.10%+53,200New