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Wheels Up Experience Inc.

UP
Exchange
NYSE
Industry
Air Transportation, Nonscheduled
SEC CIK
0001819516

In the last 90 days, Wheels Up Experience Inc. insiders filed 0 open-market purchases and 3 sales; 60 institutions reported holding it in 13F filings for Q2 2026, worth $264.7M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Wheels Up Experience 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
92
−21 vs. Q3 2025
Shares held
579.7M
−2.95M (−0.5%) vs. Q3 2025
Total value
$369.4M
−$669.7M (−64.4%) vs. Q3 2025
New holders
14
22 more added
Sold out
35
25 more reduced

2 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 UP 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: 92 institutions
Q1 2021: 75 institutionsQ2 2021: 73 institutionsQ3 2021: 165 institutionsQ4 2021: 186 institutionsQ1 2022: 193 institutionsQ2 2022: 206 institutionsQ3 2022: 205 institutionsQ4 2022: 207 institutionsQ1 2023: 188 institutionsQ2 2023: 88 institutionsQ3 2023: 77 institutionsQ4 2023: 87 institutionsQ1 2024: 97 institutionsQ2 2024: 91 institutionsQ3 2024: 110 institutionsQ4 2024: 110 institutionsQ1 2025: 119 institutionsQ2 2025: 120 institutionsQ3 2025: 115 institutionsQ4 2025: 92 institutionsQ1 2026: 98 institutionsQ2 2026: 60 institutions
Value heldQ4 2025: $369.4M
Q1 2021: $159.1MQ2 2021: $176.8MQ3 2021: $574.9MQ4 2021: $631.9MQ1 2022: $442.2MQ2 2022: $268.8MQ3 2022: $146.2MQ4 2022: $124.9MQ1 2023: $71.2MQ2 2023: $11.0MQ3 2023: $267.9MQ4 2023: $1.91BQ1 2024: $1.61BQ2 2024: $1.07BQ3 2024: $1.67BQ4 2024: $955.7MQ1 2025: $581.3MQ2 2025: $608.0MQ3 2025: $1.04BQ4 2025: $369.4MQ1 2026: $293.5MQ2 2026: $264.7M
Institutions holding UP and their total value by quarter
QuarterHoldersValue
Q2 202660$264.7M
Q1 202698$293.5M
Q4 202592$369.4M
Q3 2025115$1.04B
Q2 2025120$608.0M
Q1 2025119$581.3M
Q4 2024110$955.7M
Q3 2024110$1.67B
Q2 202491$1.07B
Q1 202497$1.61B
Q4 202387$1.91B
Q3 202377$267.9M
Q2 202388$11.0M
Q1 2023188$71.2M
Q4 2022207$124.9M
Q3 2022205$146.2M
Q2 2022206$268.8M
Q1 2022193$442.2M
Q4 2021186$631.9M
Q3 2021165$574.9M
Q2 202173$176.8M
Q1 202175$159.1M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Wheels Up Experience Inc.; share changes are against Q3 2025.

Institutions holding UP in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Delta Air Lines, Inc.263,369,307$172.8M39.01%00.0%Unchanged
Knighthead Capital Management, LLC258,169,208$169.4M14.90%00.0%Unchanged
Kore Advisors LP15,100,708$9.91M15.46%−1,905,799−11.2%Reduced
Whitebox Advisors LLC23,832,927$4.68M0.08%−4,532,159−16.0%Reduced
Masters Capital Management LLC5,000,000$3.28M0.45%+4,000,000+400.0%Added
Vanguard Group Inc3,882,832$2.55M0.00%+267,908+7.4%Added
Millennium Management LLC1,309,584$859.5K0.00%+14,332+1.1%Added
BlackRock, Inc.1,303,718$855.6K0.00%−36,148−2.7%Reduced
Geode Capital Management, LLC989,640$649.8K0.00%+30,726+3.2%Added
CWM Advisors, LLC780,918$512.5K0.05%+529,534+210.6%Added
Gsa Capital Partners LLP668,098$438.0K0.04%+668,098New
Charles Schwab Investment Management Inc568,642$373.2K0.00%−1,684−0.3%Reduced
J. Derek Lewis & Associates Inc.541,965$355.7K0.08%+541,965New
Jane Street Group, LLC472,212$309.9K0.00%−1,449,981−75.4%Reduced
State Street Corp412,533$270.7K0.00%00.0%Unchanged
Omers Administration Corp401,000$263.2K0.00%+401,000New
Susquehanna International Group, LLP371,094$243.5K0.00%−336,699−47.6%Reduced
Northern Trust Corp276,404$181.4K0.00%+22,477+8.9%Added
Group One Trading, L.P.274,961$180.5K0.01%−84,146−23.4%Reduced
Alpine Global Management, LLC268,016$175.9K0.04%+268,016New
Instrumental Wealth, LLC234,221$154.6K0.09%+119,299+103.8%Added
UBS Group AG187,247$122.8K0.00%−70,447−27.3%Reduced
XTX Topco Ltd166,230$109.1K0.00%+155,608+1,465.0%Added
Cetera Investment Advisers133,942$87.9K0.00%+27,800+26.2%Added
Citadel Advisors LLC115,587$75.9K0.00%+84,617+273.2%Added
FMR LLC98,980$65.0K0.00%−12,971−11.6%Reduced
Morgan Stanley90,709$59.5K0.00%−46,387−33.8%Reduced
Gotham Asset Management, LLC60,478$39.7K0.00%+44,736+284.2%Added
Victory Capital Management Inc51,773$34.0K0.00%+2,719+5.5%Added
Rooted Wealth Advisors, Inc.45,041$26.7K0.01%+20,041+80.2%Added
Colony Group, LLC33,606$22.1K0.00%−33,273−49.8%Reduced
Advisor Group Holdings, Inc.28,163$18.6K0.00%−75,067−72.7%Reduced
GWM Advisors LLC24,073$15.8K0.00%+23,073+2,307.3%Added
JustInvest LLC23,253$15.3K0.00%−10,342−30.8%Reduced
CIBC Asset Management Inc21,442$14.1K0.00%00.0%Unchanged
Quantbot Technologies LP20,058$13.2K0.00%+20,058New
HighTower Advisors, LLC18,959$12.4K0.00%00.0%Unchanged
Annex Advisory Services, LLC18,471$12.1K0.00%00.0%Unchanged
Mercer Global Advisors Inc18,221$12.0K0.00%+18,221New
Arcus Capital Partners, LLC17,508$11.5K0.00%00.0%Unchanged
Simplex Trading, LLC16,932$11.1K0.00%−135,547−88.9%Reduced
Unconventional Investor, LLC16,666$10.9K0.01%00.0%Unchanged
IFC & Insurance Marketing, Inc.15,569$10.0K0.01%+15,569New
Two Sigma Securities, LLC15,205$9.98K0.00%−2,958−16.3%Reduced
Baird Financial Group, Inc.15,030$9.86K0.00%00.0%Unchanged
Kestra Private Wealth Services, LLC14,650$9.62K0.00%+1,000+7.3%Added
MAI Capital Management13,795$9.05K0.00%00.0%Unchanged
Raymond James Financial Inc13,727$9.01K0.00%+1,014+8.0%Added
Capital Square, LLC13,100$8.60K0.00%−140−1.1%Reduced
Manufacturers Life Insurance Company, The12,401$8.14K0.00%+124+1.0%Added
Mariner, LLC12,271$8.05K0.00%−157,185−92.8%Reduced
CCG Wealth Management, LLC11,500$7.55K0.00%00.0%Unchanged
Bank of New York Mellon Corp11,280$7.40K0.00%00.0%Unchanged
Prospera Financial Services Inc11,000$7.22K0.00%+11,000New
Pathstone Holdings, LLC10,641$6.98K0.00%00.0%Unchanged
Brown Brothers Harriman & Co10,358$6.80K0.00%00.0%Unchanged
Mitchell McLeod Pugh & Williams Inc10,060$6.77K0.00%00.0%Unchanged
Summit Trail Advisors, LLC10,228$6.71K0.00%00.0%Unchanged
Bank of America Corp8,300$5.45K0.00%+2,861+52.6%Added
Royal Bank of Canada5,940$4.00K0.00%−2,059−25.7%Reduced
SWAN Capital LLC6,010$3.94K0.00%00.0%Unchanged
Farther Finance Advisors, LLC5,419$3.56K0.00%+5,305+4,653.5%Added
Rockefeller Capital Management L.P.5,000$3.28K0.00%+5,000New
BNP Paribas Arbitrage, SA3,975$2.61K0.00%+3,959+24,743.8%Added
JPMorgan Chase & Co2,854$1.87K0.00%00.0%Unchanged
Jones Financial Companies LLLP2,497$1.64K0.00%00.0%Unchanged
HHM Wealth Advisors, LLC2,000$1.31K0.00%+2,000New
SBI Securities Co., Ltd.1,936$1.27K0.00%+8+0.4%Added
National Bank of Canada1,700$1.12K0.00%00.0%Unchanged
Avion Wealth2,000$1.00K0.00%00.0%Unchanged
IFP Advisors, Inc1,500$9840.00%−49−3.2%Reduced
WPG Advisers, LLC1,475$9680.00%00.0%Unchanged
Wells Fargo & Company1,200$7880.00%−40−3.2%Reduced
Gables Capital Management Inc.1,080$7090.00%−1,645−60.4%Reduced
Garton & Associates Financial Advisors LLC1,000$6560.00%+1,000New
Rhumbline Advisers788$5160.00%00.0%Unchanged
Sunbelt Securities, Inc.500$3280.00%+500New
Investors Research Corp405$2660.00%00.0%Unchanged
Global Retirement Partners, LLC302$1980.00%+302New
Parallel Advisors, LLC300$1970.00%00.0%Unchanged
Newbridge Financial Services Group, Inc.110$720.00%+100+1,000.0%Added
Optiver Holding B.V.76$500.00%+76New
Kilter Group LLC51$340.00%00.0%Unchanged
Fifth Third Bancorp30$200.00%00.0%Unchanged
Bogart Wealth, LLC26$170.00%00.0%Unchanged
CIBC Private Wealth Group, LLC25$160.00%−75,000−100.0%Reduced
Federation des caisses Desjardins du Quebec20$130.00%−3,000−99.3%Reduced
Bear Mountain Capital, Inc.12$110.00%00.0%Unchanged
Ancora Advisors, LLC15$100.00%00.0%Unchanged
Comerica Bank12$80.00%−4−25.0%Reduced
Barclays PLC2$10.00%00.0%Unchanged
CWM, LLC12$00.00%−815−98.5%Reduced
Militia Capital Partners, LP0$00.00%−349,794−100.0%Sold out
Arrowstreet Capital, Limited Partnership0$00.00%−305,419−100.0%Sold out
Two Sigma Investments, LP0$00.00%−147,911−100.0%Sold out
Goldman Sachs Group Inc0$00.00%−95,578−100.0%Sold out
Catalyst Funds Management Pty Ltd0$00.00%−77,670−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−37,441−100.0%Sold out
Valeo Financial Advisors, LLC0$00.00%−30,000−100.0%Sold out
Squarepoint Ops LLC0$00.00%−21,975−100.0%Sold out