SANDLER CAPITAL MANAGEMENT UAL — UNITED AIRLS HLDGS INC

Ownership history in SANDLER CAPITAL MANAGEMENT  ·  5 quarters on record

AI Ownership Summary

SANDLER CAPITAL MANAGEMENT reported UNITED AIRLS HLDGS INC (UAL) in 5 quarterly 13F filings from 2024 Q1 through 2025 Q4. Peak portfolio weight reached 1.19% in 2024 Q1. The latest visible filing shows UAL at 0.89% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this UAL ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was SANDLER CAPITAL MANAGEMENT's position in UNITED AIRLS HLDGS INC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

UAL was reported at 0.89% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.19% in 2024 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

UAL stock page SANDLER CAPITAL MANAGEMENT fund profile SANDLER CAPITAL MANAGEMENT full holdings
How SANDLER CAPITAL MANAGEMENT held UAL — position size vs. price
% of Fund (quarterly)    UAL price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 5 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 24,200 +9,700 +66.9% 0.89% $2.7M 2026-02-17 $114.02
2025 Q3 ADDED — — — 14,500 +6,500 +81.2% 0.41% $1.4M 2025-11-14 $95.03
2025 Q2 REDUCED 78.6% +23.9% ❌ 8,000 -29,400 -78.6% 0.17% $637K 2025-08-14 $99.14
2025 Q2 REDUCED 89.1% +23.9% ❌ 37,400 -304,600 -89.1% 0.81% $3.0M 2025-08-14 $99.14
2024 Q1 INITIATED — — — 342,000 — — 1.19% $16.4M 2024-05-15 $54.96

🏢 Other funds also holding UAL

As of 2026 Q1 — sorted by position size

PAR CAPITAL MANAGEMENT INC 3Y 7Y 13.33% CLEARFIELD CAPITAL MANAGEMENT LP 3Y 7Y 10.91% U S GLOBAL INVESTORS INC 3Y 7Y 8.42% 140 Summer Partners LP 3Y 7.67% LANSDOWNE PARTNERS (UK) LLP 3Y 7Y 7.55% BWCP, LP 3Y 6.36% Senator Investment Group LP 3Y 7Y 6.04% Castle Hook Partners LP 3Y 7Y 4.94% Avala Global LP 3Y 4.76% COBALT CAPITAL MANAGEMENT, INC. 3Y 7Y 4.38%

FAQ About SANDLER CAPITAL MANAGEMENT and UAL

These are the practical questions this page is built to answer before you even open the full history table.

How long has SANDLER CAPITAL MANAGEMENT reported owning UAL?

SANDLER CAPITAL MANAGEMENT reported UAL across 5 quarterly 13F filings, from 2024 Q1 through 2025 Q4.

What was the largest reported UAL position in SANDLER CAPITAL MANAGEMENT's portfolio?

The largest reported portfolio weight for UAL was 1.19% in 2024 Q1.

What is the latest reported UAL position on this page?

The most recent filing on this page is 2025 Q4, when SANDLER CAPITAL MANAGEMENT reported 24,200 shares, equal to 0.89% of portfolio, with an estimated market value of $2.7M.

What does the chart on this UAL ownership page compare?

The chart compares SANDLER CAPITAL MANAGEMENT's quarterly UAL portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did SANDLER CAPITAL MANAGEMENT time their UAL position?

Based on 13F filing dates vs. subsequent UAL price moves, SANDLER CAPITAL MANAGEMENT correctly timed 4 out of 4 reported position changes (100%). The annualised alpha on UAL relative to SPY over the holding period was +16.2%.

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