Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in UAL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 21.7M | $2.00B | +0.2% | 6.689% | 0.04% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 21.0M | $1.93B | — | 6.464% | 0.05% |
| 3 | FMR LLC | 17.0M | $1.57B | +3.7% | 5.243% | 0.08% |
| 4 | PRIMECAP MANAGEMENT CO/CA/ | 15.8M | $1.45B | -1.4% | 4.852% | 1.14% |
| 5 | Sanders Capital, LLC | 15.2M | $1.40B | +0.1% | 4.683% | 1.67% |
| 6 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14.1M | $1.30B | — | 4.333% | 0.07% |
| 7 | STATE STREET CORP | 11.6M | $1.07B | +1.0% | 3.581% | 0.04% |
| 8 | Capital World Investors | 11.1M | $1.02B | +52.9% | 3.423% | 0.14% |
| 9 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 10.3M | $946.6M | +25.9% | 3.167% | 0.11% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 9.3M | $865.4M | +3.2% | 2.866% | 0.05% |
| 11 | Capital International Investors | 6.4M | $592.7M | -64.6% | 1.983% | 0.14% |
| 12 | DIMENSIONAL FUND ADVISORS LP | 5.7M | $521.3M | +3.5% | 1.745% | 0.11% |
| 13 | GOLDMAN SACHS GROUP INC | 5.3M | $489.4M | +58.3% | 1.637% | 0.06% |
| 14 | PAR CAPITAL MANAGEMENT INC | 5.0M | $460.1M | +2.1% | 1.539% | 14.39% |
| 15 | MORGAN STANLEY | 4.5M | $413.0M | +25.3% | 1.382% | 0.02% |
| 16 | BARCLAYS PLC | 4.3M | $399.0M | — | 1.335% | 0.16% |
| 17 | Invesco Ltd. | 3.9M | $361.3M | +2.0% | 1.209% | 0.06% |
| 18 | UBS Group AG | 3.7M | $338.4M | -0.9% | 1.132% | 0.05% |
| 19 | AQR CAPITAL MANAGEMENT LLC | 3.7M | $324.5M | +25.6% | 1.133% | 0.15% |
| 20 | Boston Partners | 3.5M | $323.8M | +50.0% | 1.083% | 0.34% |
| 21 | Newport Trust Co | 3.2M | $296.5M | -1.4% | 0.992% | 0.73% |
| 22 | Slate Path Capital LP | 3.1M | $286.6M | +64.7% | 0.959% | 4.26% |
| 23 | SRS Investment Management, LLC | 2.9M | $268.2M | +0.3% | 0.897% | 2.83% |
| 24 | NORTHERN TRUST CORP | 2.4M | $224.1M | -1.1% | 0.750% | 0.03% |
| 25 | Qube Research & Technologies Ltd | 2.2M | $198.1M | -4.8% | 0.663% | 0.23% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in UAL — a direct measure of their conviction.
Filings activity in UAL during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 950 | 4.2% | 70.00% | 18.71 pp | $26.25B | 21% |
| Q4 2025 | 992 | +13% | 88.71% | +12.50 pp | $33.27B | +16% |
| Q3 2025 | 877 | +3.7% | 76.21% | +9.63 pp | $28.58B | +14% |
| Q2 2025 | 846 | +3.4% | 66.58% | +13.28 pp | $24.97B | +25% |
| Q1 2025 | 818 | 0.2% | 53.30% | 24.09 pp | $19.99B | 31% |
| Q4 2024 | 820 | +31% | 77.39% | +35.40 pp | $29.02B | +84% |
| Q3 2024 | 624 | 3.9% | 41.99% | +0.26 pp | $15.75B | +0.6% |
| Q2 2024 | 649 | — | 41.73% | — | $15.65B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying UAL stock.
Based on Q1 2026 13F filings, institutional ownership of United Airlines Holdings, Inc. stands at 70.0%, held across 950 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of UAL, with approximately 21,714,414 shares worth $2.00B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of UAL, including SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for UAL is 29 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
148 institutions opened new positions in UAL during Q1 2026, while 190 fully exited. 184 added to existing positions and 614 trimmed.
UAL institutional ownership fell by 18.71 percentage points quarter-over-quarter, with a net change of -42 holders.
The top 10 institutions account for 51.6% of all reported 13F value in UAL, and the top 25 account for 72.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
United Airlines Holdings, Inc. (UAL) Institutional Ownership