Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in UP held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | DELTA AIR LINES, INC. | 263.4M | $136.2M | 0.0% | 726.955% | 36.05% |
| 2 | Knighthead Capital Management, LLC | 258.2M | $133.3M | 0.0% | 712.602% | 13.49% |
| 3 | Kore Advisors LP | 15.2M | $7.8M | +0.6% | 41.941% | 8.93% |
| 4 | MASTERS CAPITAL MANAGEMENT LLC | 4.0M | $2.1M | -20.0% | 11.041% | 0.18% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 3.2M | $1.7M | β | 8.932% | 0.00% |
| 6 | BlackRock, Inc. | 1.3M | $667K | -1.0% | 3.563% | 0.00% |
| 7 | CWM Advisors, LLC | 1.1M | $548K | +35.9% | 2.930% | 0.05% |
| 8 | UBS Group AG | 1.1M | $544K | +463.2% | 2.911% | 0.00% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.0M | $538K | +5.2% | 2.873% | 0.00% |
| 10 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 703K | $365K | +32.9% | 1.940% | 0.00% |
| 11 | J. Derek Lewis & Associates Inc. | 542K | $356K | β | 1.496% | 0.08% |
| 12 | VANGUARD FIDUCIARY TRUST CO | 612K | $317K | β | 1.691% | 0.00% |
| 13 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 573K | $296K | +0.8% | 1.582% | 0.00% |
| 14 | STATE STREET CORP | 413K | $213K | 0.0% | 1.139% | 0.00% |
| 15 | CITADEL ADVISORS LLC | 325K | $168K | -49.8% | 0.898% | 0.00% |
| 16 | GROUP ONE TRADING, L.P. | 271K | $140K | -1.3% | 0.749% | 0.00% |
| 17 | INSTRUMENTAL WEALTH, LLC | 234K | $121K | 0.0% | 0.647% | 0.07% |
| 18 | XTX Topco Ltd | 230K | $119K | +38.2% | 0.634% | 0.00% |
| 19 | NORTHERN TRUST CORP | 212K | $110K | -23.3% | 0.585% | 0.00% |
| 20 | OMERS ADMINISTRATION Corp | 210K | $108K | -47.7% | 0.579% | 0.00% |
| 21 | Cetera Investment Advisers | 180K | $93K | +34.1% | 0.496% | 0.00% |
| 22 | BROWN WEALTH MANAGEMENT, LLC | 100K | $52K | β | 0.276% | 0.01% |
| 23 | MORGAN STANLEY | 94K | $48K | +3.2% | 0.258% | 0.00% |
| 24 | LRI Investments, LLC | 59K | $30K | β | 0.163% | 0.00% |
| 25 | VICTORY CAPITAL MANAGEMENT INC | 51K | $26K | -1.3% | 0.141% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in UP β a direct measure of their conviction.
Filings activity in UP during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new UP position in Q1 2026
Institutions that fully closed their UP position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 92 | +5.7% | 95.92% | 26.17 pp | $286M | 21% |
| Q4 2025 | 87 | 19% | 122.09% | 77.90 pp | $364M | 64% |
| Q3 2025 | 107 | 5.3% | 199.99% | +0.00 pp | $1.02B | +71% |
| Q2 2025 | 113 | 3.4% | 199.99% | +8.14 pp | $599M | +4.7% |
| Q1 2025 | 117 | +11% | 191.85% | 8.14 pp | $573M | 39% |
| Q4 2024 | 105 | +0.0% | 199.99% | +0.00 pp | $938M | +27% |
| Q3 2024 | 105 | +24% | 199.99% | +0.00 pp | $739M | 31% |
| Q2 2024 | 85 | β | 199.99% | β | $1.06B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| May 13, 2026 | Mattson George N | Buy | 15K | $5.30 | $79K |
Quick answers to the most common questions about buying UP stock.
Based on Q1 2026 13F filings, institutional ownership of Wheels Up Experience Inc. stands at 95.9%, held across 92 reporting institutions.
DELTA AIR LINES, INC. is the largest reported institutional holder of UP, with approximately 263,369,307 shares worth $0.14B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of UP, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for UP is 46 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
28 institutions opened new positions in UP during Q1 2026, while 23 fully exited. 9 added to existing positions and 53 trimmed.
UP institutional ownership fell by 26.17 percentage points quarter-over-quarter, with a net change of +5 holders.
The top 10 institutions account for 99.1% of all reported 13F value in UP, and the top 25 account for 99.9%.
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.
Wheels Up Experience Inc. (UP) Institutional Ownership