L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
15 Dec 2025
latest of these filings; the earliest 12 Nov 2025
Managers listing it
21
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 16 listed it in both
Shares listed
40,997,398
combined, among listed positions
Reported value
$4.0bn
combined, at the quarter end

Among the 95 comparable managers: 16 buyers (opened or added shares) and 6 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing UAL in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

21 of 21 holders

ActionFiling
Fidelity (FMR LLC)14,559,577$1.4bn0.07%Added+5,768,65913 Nov 2025 (the filing on sec.gov)
Capital World Investors7,243,066$699m0.10%Added+783,55113 Nov 2025 (the filing on sec.gov)
Citadel Advisors LLC4,339,356$419m0.06%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Invesco Ltd3,990,254$385m0.06%Trimmed-808,16913 Nov 2025 (the filing on sec.gov)
Balyasny Asset Management LLC2,646,053$255m0.32%Newnew14 Nov 2025 (the filing on sec.gov)
AQR Capital Management LLC1,868,286$180m0.12%Added+257,92514 Nov 2025 (the filing on sec.gov)
Holocene Advisors LP1,491,352$144m0.33%Added+427,01214 Nov 2025 (the filing on sec.gov)
Marshall Wace LLP960,037$93m0.09%Added+429,26513 Nov 2025 (the filing on sec.gov)
Freestone Grove Partners LP776,783$75m0.56%Added+720,58314 Nov 2025 (the filing on sec.gov)
Point72 Asset Management LP638,106$62m0.10%Added+345,40814 Nov 2025 (the filing on sec.gov)
Glenview Capital Management LLC582,009$56m1.25%Added+13,14714 Nov 2025 (the filing on sec.gov)
Appaloosa LP462,500$45m0.60%Trimmed-87,50013 Nov 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP425,623$41m0.14%Trimmed-50,14815 Dec 2025 (the filing on sec.gov)
Walleye Capital LLC291,062$28m0.11%Added+32,28514 Nov 2025 (the filing on sec.gov)
Davidson Kempner Capital Management LP250,000$24m0.31%Newnew14 Nov 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP177,362$17m0.17%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Woodline Partners LP133,126$13m0.06%Trimmed-136,10114 Nov 2025 (the filing on sec.gov)
Quantbot Technologies LP84,582$8.2m0.22%Added+14,64512 Nov 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP37,038$3.6munder 0.1%Trimmed-7,59414 Nov 2025 (the filing on sec.gov)
Winton Group Ltd34,667$3.3m0.13%Added+17,55213 Nov 2025 (the filing on sec.gov)
Caxton Associates LLP6,559$633kunder 0.1%Newnew17 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
14 in Q3 2024 to 27 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
UAL by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201317$4.5bnn.a.n.a.
Q3 201315$4.4bnn.a.n.a.
Q4 201317$5.6bnn.a.n.a.
Q1 201419$6.0bnn.a.n.a.
Q2 201416$4.7bnn.a.n.a.
Q3 201418$4.6bnn.a.n.a.
Q4 201423$7.1bnn.a.n.a.
Q1 201526$7.5bnn.a.n.a.
Q2 201524$4.7bnn.a.n.a.
Q3 201520$4.5bnn.a.n.a.
Q4 201521$4.2bnn.a.n.a.
Q1 201622$4.1bnn.a.n.a.
Q2 201618$2.1bnn.a.n.a.
Q3 201624$2.8bnn.a.n.a.
Q4 201621$5.1bnn.a.n.a.
Q1 201721$4.6bnn.a.n.a.
Q2 201724$5.5bnn.a.n.a.
Q3 201720$4.3bnn.a.n.a.
Q4 201718$5.5bnn.a.n.a.
Q1 201820$4.9bnn.a.n.a.
Q2 201816$4.2bnn.a.n.a.
Q3 201821$5.9bnn.a.n.a.
Q4 201821$5.6bnn.a.n.a.
Q1 201926$5.0bnn.a.n.a.
Q2 201919$5.2bnn.a.n.a.
Q3 201923$5.9bnn.a.n.a.
Q4 201927$5.6bnn.a.n.a.
Q1 202012$1.5bnn.a.n.a.
Q2 20208$362mn.a.n.a.
Q3 20208$219mn.a.n.a.
Q4 202013$720mn.a.n.a.
Q1 202116$1.6bnn.a.n.a.
Q2 202110$816mn.a.n.a.
Q3 20218$387mn.a.n.a.
Q4 20218$351mn.a.n.a.
Q1 20229$680mn.a.n.a.
Q2 202212$661mn.a.n.a.
Q3 20227$322mn.a.n.a.
Q4 202211$737mn.a.n.a.
Q1 202313$930mn.a.n.a.
Q2 202318$1.8bnn.a.n.a.
Q3 202311$1.3bnn.a.n.a.
Q4 202311$954m67
Q1 202416$1.6bn125
Q2 202415$1.6bn99
Q3 202414$1.7bn86
Q4 202422$3.6bn158
Q1 202518$1.6bn145
Q2 202521$2.4bn139
Q3 202521$4.0bn166
Q4 202530$5.3bn2814
Q1 202624$4.9bn2024
Q2 202627$8.4bn2317

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

UAL and KLAC →UAL and GE →UAL and LRCX →Choose a stock to compare with UAL →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own UAL, latest filings →Back to the 13F Explorer →