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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
HighTower Advisors, LLC24,594$2.75M0.00%+1,194+5.1%Added
Truist Financial Corp24,382$2.73M0.00%−7,369−23.2%Reduced
Empirical Finance, LLC23,694$2.65M0.13%−486−2.0%Reduced
Thrivent Financial for Lutherans23,520$2.63M0.00%−7,989−25.4%Reduced
GWM Advisors LLC23,389$2.62M0.01%+6,153+35.7%Added
Phoenix Holdings Ltd.23,183$2.59M0.03%+13,085+129.6%Added
Kestra Advisory Services, LLC23,134$2.59M0.01%+4,882+26.7%Added
Dark Forest Capital Management LP22,948$2.57M0.12%+22,948New
Arizona State Retirement System22,269$2.49M0.01%−1,943−8.0%Reduced
Boston Private Wealth LLC21,922$2.45M0.14%+3,502+19.0%Added
Cambridge Investment Research Advisors, Inc.21,921$2.45M0.01%+1,533+7.5%Added
Mizuho Securities USA LLC23,572$2.40M0.04%−70.0%Reduced
Royal London Asset Management Ltd21,327$2.38M0.01%+1,040+5.1%Added
Aperture Investors, LLC21,138$2.36M0.33%+10,211+93.4%Added
Maverick Capital LtdSuperinvestorMaverick Capital20,942$2.34M0.03%+20,942New
Strategic Investment Advisors20,763$2.32M0.20%−2,924−12.3%Reduced
Blair William & Co20,458$2.29M0.01%+917+4.7%Added
Kentucky Retirement Systems20,435$2.29M0.06%00.0%Unchanged
Mount Lucas Management LP20,212$2.26M1.00%−130−0.6%Reduced
Capula Management Ltd19,748$2.21M0.01%+3,514+21.6%Added
Jefferies Financial Group Inc.19,657$2.20M0.02%+18,867+2,388.2%Added
Caxton Associates LLP19,592$2.19M0.04%+13,033+198.7%Added
Atria Investments LLC19,092$2.13M0.02%+364+1.9%Added
AE Wealth Management LLC19,089$2.13M0.01%+15,564+441.5%Added
Guggenheim Capital LLC18,873$2.11M0.02%−9,143−32.6%Reduced
Hartford Investment Management Co18,782$2.10M0.06%−243−1.3%Reduced
Capstone Investment Advisors, LLC18,493$2.07M0.02%−21,580−53.9%Reduced
Aigen Investment Management, LP18,492$2.07M0.48%+3,263+21.4%Added
Old National Bancorp18,317$2.05M0.03%−8,524−31.8%Reduced
Campbell & CO Investment Adviser LLC18,204$2.04M0.10%+18,204New
Susquehanna Portfolio Strategies, LLC18,200$2.04M0.03%00.0%Unchanged
Y-Intercept (Hong Kong) Ltd18,150$2.03M0.05%−11,231−38.2%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd17,861$2.00M0.02%+617+3.6%Added
Alteri Wealth LLC17,690$1.98M0.64%+10.0%Added
V-Square Quantitative Management LLC17,622$1.97M0.20%−782−4.2%Reduced
Clear Harbor Asset Management, LLC17,593$1.97M0.13%+190+1.1%Added
Commerce Bank17,569$1.96M0.01%+52+0.3%Added
Janney Montgomery Scott LLC17,555$1.96M0.00%+1,816+11.5%Added
Janus Henderson Group PLC17,480$1.95M0.00%−6,755−27.9%Reduced
Entropy Technologies, LP17,385$1.94M0.11%+17,385New
Utah Retirement Systems17,205$1.92M0.02%00.0%Unchanged
Jones Financial Companies LLLP17,083$1.91M0.00%−1,669−8.9%Reduced
Principal Securities, Inc.17,022$1.90M0.03%+206+1.2%Added
Danske Bank A/S16,957$1.90M0.00%−3,643−17.7%Reduced
Mediolanum International Funds Ltd16,816$1.88M0.02%+16,816New
PFA Pension, Forsikringsaktieselskab16,788$1.87M0.01%+16,788New
Tower Research Capital LLC (TRC)16,735$1.87M0.05%+8,327+99.0%Added
Louisiana State Employees Retirement System16,500$1.85M0.03%−500−2.9%Reduced
DnB Asset Management AS16,489$1.84M0.01%−28,781−63.6%Reduced
M&T Bank Corp16,461$1.84M0.01%+3,256+24.7%Added
Volterra Technologies LP16,416$1.84M1.88%+15,167+1,214.3%Added
Centaurus Financial, Inc.16,369$1.83M0.08%+3,763+29.9%Added
Maryland State Retirement & Pension System16,347$1.83M0.04%00.0%Unchanged
Forsta Ap-Fonden16,300$1.82M0.01%−600−3.6%Reduced
Sequoia Financial Advisors, LLC16,255$1.82M0.01%+8,481+109.1%Added
Merit Financial Group, LLC16,018$1.79M0.01%+4,689+41.4%Added
Capital International Sarl14,914$1.67M0.03%00.0%Unchanged
New Mexico Educational Retirement Board14,800$1.66M0.05%00.0%Unchanged
Stratos Wealth Partners, LTD.14,681$1.64M0.02%−4,324−22.8%Reduced
Quantitative Investment Management, LLC14,668$1.64M0.16%−34−0.2%Reduced
Paradigm Asset Management Co LLC14,600$1.63M0.38%−1,000−6.4%Reduced
Crossmark Global Holdings, Inc.14,563$1.63M0.02%+2,541+21.1%Added
Allworth Financial LP14,532$1.63M0.01%+1,491+11.4%Added
ISAM Funds (UK) Ltd14,482$1.62M0.58%+14,482New
Norinchukin Bank, The14,396$1.61M0.02%+207+1.5%Added
Ameritas Advisory Services, LLC14,357$1.61M0.06%+12,960+927.7%Added
British Columbia Investment Management Corp14,341$1.60M0.01%+2,602+22.2%Added
XTX Topco Ltd14,211$1.59M0.04%+7,069+99.0%Added
Callan Family Office, LLC14,029$1.57M0.03%+3,695+35.8%Added
Fifth Third Bancorp13,995$1.56M0.00%+572+4.3%Added
Board of the Pension Protection Fund13,800$1.54M1.47%−3,400−19.8%Reduced
National Pension Service13,488$1.51M0.00%+6,836+102.8%Added
Dynasty Wealth Management, LLC13,406$1.50M0.01%+777+6.2%Added
SBI Securities Co., Ltd.13,364$1.49M0.04%−745−5.3%Reduced
Polianta Ltd13,300$1.49M0.19%−2,400−15.3%Reduced
MUFG Securities EMEA plc13,287$1.49M0.02%+7,091+114.4%Added
US Bancorp13,117$1.47M0.00%+165+1.3%Added
Healthcare of Ontario Pension Plan Trust Fund12,797$1.43M0.00%−19−0.1%Reduced
Pallas Capital Advisors LLC12,785$1.43M0.05%+663+5.5%Added
Granite Investment Partners, LLC12,685$1.42M0.08%+12,685New
Meeder Advisory Services, Inc.12,632$1.41M0.06%+2,078+19.7%Added
Graham Capital Management, L.P.12,500$1.40M0.05%+12,500New
Buckingham Strategic Partners12,466$1.39M0.02%−1,181−8.7%Reduced
Savant Capital, LLC12,419$1.39M0.01%+1,263+11.3%Added
Bessemer Group Inc12,271$1.37M0.00%+1,554+14.5%Added
IFM Investors Pty Ltd12,124$1.36M0.01%−21−0.2%Reduced
Summit Financial, LLC12,070$1.35M0.02%+3,351+38.4%Added
EFG International AG11,989$1.34M0.03%+11,989New
Vontobel Holding Ltd.11,939$1.34M0.00%+3,419+40.1%Added
United Capital Financial Advisers, LLC11,927$1.33M0.01%+684+6.1%Added
RSM US Wealth Management LLC11,869$1.32M0.02%+37+0.3%Added
Nissay Asset Management Corp11,719$1.31M0.01%+168+1.5%Added
Generali Asset Management SPA SGR11,682$1.31M0.03%−6,487−35.7%Reduced
PEAK6 LLC11,649$1.30M0.04%−58,296−83.3%Reduced
Pinnacle Associates Ltd11,630$1.30M0.02%+1,254+12.1%Added
Everence Capital Management Inc11,600$1.30M0.08%00.0%Unchanged
Convergence Investment Partners, LLC11,575$1.29M0.26%−4,062−26.0%Reduced
Wiley Bros.-Aintree Capital, LLC11,478$1.29M0.01%+431+3.9%Added
Bleakley Financial Group, LLC11,225$1.26M0.02%+604+5.7%Added
North Dakota State Investment Board11,164$1.25M0.05%+11,164New