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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
Treasurer of the State of North Carolina274,463$30.7M0.10%−37,216−11.9%Reduced
First Trust Advisors LP272,811$30.5M0.02%+17,264+6.8%Added
State Board of Administration of Florida Retirement System270,385$30.2M0.05%−4,410−1.6%Reduced
Calamos Advisors LLC268,430$30.0M0.12%−49,103−15.5%Reduced
Raymond James Financial Inc265,544$29.7M0.01%+1,895+0.7%Added
Todd Asset Management LLC258,019$28.9M0.56%−36,815−12.5%Reduced
STRS Ohio251,597$28.1M0.10%+33,814+15.5%Added
Bornite Capital Management LP250,000$28.0M2.73%+250,000New
Bank of Montreal241,058$27.0M0.01%+40,393+20.1%Added
Clearfield Capital Management LP234,000$26.2M14.13%−135,700−36.7%Reduced
Voya Investment Management LLC231,593$25.9M0.03%+116,052+100.4%Added
Brandywine Global Investment Management, LLC227,008$25.4M0.17%−2,336−1.0%Reduced
Envestnet Asset Management Inc226,583$25.3M0.01%−38,118−14.4%Reduced
Generate Investment Management Ltd225,000$25.2M1.15%−130,132−36.6%Reduced
Mane Global Capital Management LP223,015$24.9M1.37%−24,237−9.8%Reduced
Swiss National Bank222,400$24.9M0.01%−12,900−5.5%Reduced
LPL Financial LLC220,365$24.6M0.01%−37,080−14.4%Reduced
Arbejdsmarkedets Tillaegspension220,047$24.6M0.63%+220,047New
Grantham, Mayo, Van Otterloo & Co. LLC209,658$23.4M0.06%+1,959+0.9%Added
Sumitomo Mitsui Trust Holdings, Inc.198,800$22.2M0.01%−5,688−2.8%Reduced
Prudential Financial Inc185,976$20.8M0.03%−21,632−10.4%Reduced
Manufacturers Life Insurance Company, The184,268$20.6M0.02%−3,288−1.8%Reduced
Maplelane Capital, LLC183,000$20.5M1.16%+183,000New
Massachusetts Financial Services Co180,316$20.2M0.01%+1,984+1.1%Added
BI Asset Management Fondsmaeglerselskab A/S178,288$19.9M0.18%+76,133+74.5%Added
Woodline Partners LP176,308$19.7M0.08%+43,182+32.4%Added
Public Employees Retirement System of Ohio174,687$19.5M0.06%−7,617−4.2%Reduced
HRT Financial LP174,063$19.5M0.06%−307,368−63.8%Reduced
Marsico Capital Management LLC172,692$19.3M0.54%00.0%Unchanged
Verition Fund Management LLC172,563$19.3M0.10%+115,587+202.9%Added
Pinebridge Investments LLC169,560$19.0M0.14%+169,560New
Chevy Chase Trust Holdings, Inc.164,135$18.4M0.05%−1,081−0.7%Reduced
iA Global Asset Management Inc.164,105$18.4M0.23%+98,861+151.5%Added
AustralianSuper Pty Ltd164,080$18.3M0.09%−131,058−44.4%Reduced
Ieq Capital, LLC162,623$18.2M0.05%+78,870+94.2%Added
O'Shaughnessy Asset Management, LLC160,356$17.9M0.10%+17,489+12.2%Added
State of Tennessee, Treasury Department171,390$17.5M0.06%+34,695+25.4%Added
KLP Kapitalforvaltning AS153,900$17.2M0.07%−8,300−5.1%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH153,061$17.1M0.03%−2,137−1.4%Reduced
Adage Capital Partners GP, L.L.C.152,309$17.0M0.03%−347,428−69.5%Reduced
Creative Planning144,406$16.1M0.01%+22,045+18.0%Added
National Bank of Canada141,940$15.9M0.02%+44,435+45.6%Added
Long Focus Capital Management, LLC139,000$15.5M0.77%−20,000−12.6%Reduced
Great West Life Assurance Co138,509$15.5M0.03%−32,777−19.1%Reduced
Walleye Trading LLC138,422$15.5M0.25%−41,373−23.0%Reduced
Nomura Asset Management International Inc.137,740$15.4M0.02%+137,740New
Sierra Summit Advisors LLC136,961$15.3M2.35%+40,908+42.6%Added
New York State Common Retirement Fund135,272$15.1M0.02%−53,121−28.2%Reduced
SG Americas Securities, LLC130,885$14.6M0.02%+57,022+77.2%Added
Swedbank AB127,807$14.3M0.01%+40,853+47.0%Added
Gotham Asset Management, LLC124,814$14.0M0.05%−17,556−12.3%Reduced
Trexquant Investment LP122,463$13.7M0.12%−219,528−64.2%Reduced
Mackenzie Financial Corp121,143$13.5M0.02%−143,549−54.2%Reduced
Korea Investment CORP118,038$13.2M0.03%+91,331+342.0%Added
Capital Fund Management S.A.117,780$13.2M0.12%+84,071+249.4%Added
Waratah Capital Advisors Ltd.117,625$13.2M1.00%+79,265+206.6%Added
Macquarie Group Ltd117,369$13.1M0.06%−25,507−17.9%Reduced
Meeder Asset Management Inc113,323$12.7M0.68%+119+0.1%Added
Mariner, LLC112,346$12.6M0.01%+39,940+55.2%Added
Cerity Partners LLC111,924$12.5M0.02%+44,399+65.8%Added
TD Asset Management Inc111,877$12.5M0.01%−39,750−26.2%Reduced
California State Teachers Retirement System111,857$12.5M0.01%−1,431−1.3%Reduced
CIBC World Markets Inc.110,325$12.3M0.02%−37,198−25.2%Reduced
CI Private Wealth, LLC108,672$12.2M0.02%+16,185+17.5%Added
Virginia Retirement Systems Et Al108,000$12.1M0.07%00.0%Unchanged
Handelsbanken Fonder AB107,829$12.1M0.04%+31,174+40.7%Added
Wellington Management Group LLP105,383$11.8M0.00%+19,317+22.4%Added
Discovery Capital Management, LLC105,000$11.7M0.64%+105,000New
Caisse de Depot Et Placement du Quebec104,376$11.7M0.02%+56,682+118.8%Added
First Citizens Bank & Trust Co104,142$11.6M0.24%+2,277+2.2%Added
Credit Agricole S A103,807$11.6M0.03%+84,498+437.6%Added
CastleKnight Management LP103,500$11.6M0.66%−11,600−10.1%Reduced
Nomura Holdings Inc101,614$11.4M0.03%+37,433+58.3%Added
Wealthfront Advisers LLC100,722$11.3M0.03%−7,074−6.6%Reduced
Fred Alger Management, LLC98,634$11.0M0.04%−379,736−79.4%Reduced
Envestnet Portfolio Solutions, Inc.97,307$10.9M0.04%−111−0.1%Reduced
Caption Management, LLC96,800$10.8M0.48%+9,100+10.4%Added
Parallax Volatility Advisers, L.P.95,292$10.7M0.33%−101,067−51.5%Reduced
Cetera Investment Advisers94,362$10.6M0.01%+2,231+2.4%Added
ExodusPoint Capital Management, LP93,286$10.4M0.12%−84,076−47.4%Reduced
Ensign Peak Advisors, Inc93,075$10.4M0.02%−118,179−55.9%Reduced
State of Michigan Retirement System90,028$10.1M0.05%−200−0.2%Reduced
Bayberry Capital Partners LP88,400$9.88M3.18%+88,400New
PBU - The Pension Fund of Early Childhood & Youth Educators88,193$9.86M0.14%+88,193New
QRG Capital Management, Inc.86,751$9.70M0.11%+6,552+8.2%Added
Czech National Bank85,365$9.55M0.06%+3,143+3.8%Added
Simplex Trading, LLC85,296$9.54M0.27%+85,296New
CWM, LLC84,286$9.43M0.03%+31,921+61.0%Added
Baird Financial Group, Inc.81,209$9.08M0.01%+34,799+75.0%Added
Lighthouse Investment Partners, LLC80,904$9.05M0.30%+80,904New
RBF Capital, LLC80,000$8.95M0.41%00.0%Unchanged
1832 Asset Management L.P.79,946$8.94M0.01%+71,890+892.4%Added
Freestone Grove Partners LP78,314$8.76M0.06%−698,469−89.9%Reduced
MetLife Investment Management77,632$8.68M0.04%−2,718−3.4%Reduced
Howard Capital Management Inc.77,112$8.62M0.11%+90.0%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys75,303$8.42M0.04%−2,437−3.1%Reduced
BW Gestao de Investimentos Ltda.75,000$8.39M0.30%+75,000New
Standard Life Aberdeen plc73,778$8.25M0.01%−456−0.6%Reduced
CIBC Asset Management Inc73,139$8.18M0.02%+27,163+59.1%Added
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management72,785$8.14M0.15%+4,797+7.1%Added