Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

United Airls Hldgs Inc (UAL)

974 + Investors. Track Smart Money conviction in UAL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -33
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — UAL

Based on 980 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their UAL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
980 hedge funds hold UAL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +18% more funds vs a year ago

fund count last 6Q
+147 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

575 buying474 selling
Last quarter: 575 funds bought or added vs 474 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-63 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 148 → 149 → 211 → 148. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 24% medium ■ 19% new
556 out of 980 hedge funds have held UAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -1%, value -17%

Value
-16%
Shares
-1%
Last quarter: funds added -1% more shares while total portfolio value only changed -17%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

172 → 148 → 149 → 211 → 148 new funds/Q
New funds entering each quarter: 148 → 149 → 211 → 148. A growing number of institutions are discovering UAL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 22% newcomers

■ 66% veterans ■ 12% 1-2yr ■ 22% new
Entry-cohort mix of 1,054 holders: 693 (66%) are 2+ year veterans, 130 entered 1–2 years ago, and 231 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
66 of 968 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in UAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — UAL

In 2026 Q1, 575 hedge funds were net buyers of UAL (148 opened a new position, 427 added to an existing one), while 474 reduced or exited (293 trimmed, 181 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 47% of total institutional value in UAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -33 funds (more exits than new entries). Total institutional holders: 980.

Hedge Fund Ownership: UAL

How many hedge funds hold UAL — quarterly history vs. share price
Quarterly hedge fund ownership of UAL vs. share price

Market Analysis: UAL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UAL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy United Airls Hldgs Inc (UAL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much UAL has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
UAL
+25.8%
XLI
+11.0%

UAL outperformed XLI by +14.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
UAL
+24.7%
XLI
+4.8%

Since the filing became public, UAL outperformed XLI by +19.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

68 top-rated funds 5 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: UAL
974 + Investors

Track Smart Money conviction in UAL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 974 1013 -3.85%
13F Shares 320M 324M -1.24%
Total Value $30.10B $36.07B -16.56%
New Positions 146 211 -65
Increased Positions 406 362 +44
Closed Positions 185 98 +87
Reduced Positions 275 301 -26
Total Calls 47 38 23.68%
Total Puts 39 37 5.41%
PUT/CALL Ratio 0.83 0.97 Neutral

Statistics: UAL

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

974 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in UAL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 UAL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Par Capital Management Inc 13.33% 4,996,850 $460.1M
2 Clearfield Capital Management LP 10.91% 222,700 $20.5M
3 U S Global Investors Inc 8.42% 784,599 $72.2M
4 140 Summer Partners LP 7.67% 1,362,500 $125.4M
5 Lansdowne Partners (uk) LLP 7.55% 1,530,883 $140.9M
6 Bwcp, LP 6.36% 452,873 $41.7M
7 Senator Investment Group LP 6.04% 1,429,629 $131.6M
8 Avala Global LP 4.76% 1,076,600 $99.1M
9 Cobalt Capital Management, INC. 4.38% 85,000 $7.8M
10 Black Cypress Capital Management, LLC 4.26% 64,408 $5.9M
11 Slate Path Capital LP 4.26% 3,113,052 $286.6M
12 Gmt Capital Corp 4.07% 968,700 $89.2M
13 TOMS Capital Investment Management LP 2.89% 1,198,000 $110.3M
14 SRS Investment Management, LLC 2.83% 2,912,484 $268.2M
15 Patient Capital Management, LLC 2.46% 732,020 $67.4M
16 Sierra Summit Advisors LLC 1.89% 141,310 $13.0M
17 Oxinas Partners, LLC 1.77% 42,006 $3.9M
18 Sanders Capital, LLC 1.67% 15,204,551 $1.40B
19 Maplelane Capital, LLC 1.39% 167,847 $38.7M
20 Board of the Pension Protection Fund 1.19% 14,100 $1.3M
21 Glenview Capital Management, LLC 1.15% 496,860 $45.7M
22 Primecap Management Co/Ca/ 1.14% 15,750,610 $1.45B
23 BlueCrest Capital Management Ltd 1.09% 200,000 $18.4M
24 Resolute Capital Asset Partners LLC 0.97% 20,000 $1.8M
25 Interval Partners, LP 0.89% 368,852 $34.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — United Airls Hldgs Inc (UAL)

What does the Smart Money Trend signal show for UAL?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their UAL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for UAL?

Slight buying edge — 55% buying: Last quarter: 575 funds bought or added vs 474 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for UAL holders?

Elite ownership — 47% AUM from top-100 funds: 66 of 968 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in UAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held UAL?

57% of holders stayed for 2+ years: 556 out of 980 hedge funds have held UAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy United Airls Hldgs Inc (UAL) following the 2026 Q1 hedge fund 13F filings?

As of today, UAL has moved +24.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLI sector ETF — an outperformance of +19.9%. Since the quarter end (March 31, 2026), UAL has gained +25.8% vs +11.0% for XLI. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →