United Airlines Holdings, Inc. - COM (UAL) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class: Equity / COM
Symbol: UAL on Nasdaq
Shares outstanding: 327,737,043
Price per share: $111.82
All holders as of 30 Sep 2025: Q3 2025
Total 13F shares: 289,048,628
Total reported value: $27,895,558,264
% of total 13F portfolios: 0.02%
Share change: +8,348,945
Value change: +$888,459,594
Number of holders: 900
Price from insider filings: $111.82

Reported Shares, Excluding Options vs Price

Reported Value, Excluding Options

Total Investors

Significant Owners of United Airlines Holdings, Inc. - COM (UAL) based on Schedule 13D/G filings

Filer	Ownership	Change %	Holdings Value	Net Change	Nb Shares	Change %	Reporting Name	Report Period
Capital International Investors	6.6%		$1,432,676,645		21,839,583		Capital International Investors	31 Dec 2024
PRIMECAP MANAGEMENT CO/CA/	5.8%		$1,963,824,945		18,844,880		PRIMECAP MANAGEMENT CO/CA/	30 Jun 2025

As of 30 Sep 2025, 900 institutional investors reported holding 289,048,628 shares of United Airlines Holdings, Inc. - COM (UAL). This represents 88% of the company’s total 327,737,043 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of United Airlines Holdings, Inc. - COM (UAL) together control 64% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution	Ownership %	Shares Held	Share Change %	Portfolio %	Holdings Value
VANGUARD GROUP INC	11%	37,324,359	-0.02%	0.05%	$3,601,800,644
Capital International Investors	6.7%	22,015,466	+0.09%	0.34%	$2,124,511,673
BlackRock, Inc.	6.2%	20,448,142	-3.2%	0.03%	$1,973,245,748
PRIMECAP MANAGEMENT CO/CA/	5.5%	18,002,960	-4.4%	1.3%	$1,737,285,641
Sanders Capital, LLC	4.5%	14,773,585	+1.8%	1.8%	$1,425,650,953
FMR LLC	4.4%	14,559,577	+66%	0.07%	$1,404,999,110
STATE STREET CORP	3.5%	11,457,238	-0.98%	0.04%	$1,105,623,467
GEODE CAPITAL MANAGEMENT, LLC	2.7%	8,944,166	+1.4%	0.06%	$868,320,681
Capital World Investors	2.2%	7,243,066	+12%	0.1%	$698,977,411
DIMENSIONAL FUND ADVISORS LP	1.7%	5,460,894	-8.9%	0.11%	$527,045,577
PAR CAPITAL MANAGEMENT INC	1.5%	4,968,850	0%	14%	$479,494,025
CITADEL ADVISORS LLC	1.3%	4,339,356	+1218%	0.34%	$418,747,854
Invesco Ltd.	1.2%	3,990,254	-17%	0.06%	$385,059,515
UBS Group AG	1.2%	3,936,425	+34%	0.07%	$379,865,013
MORGAN STANLEY	1.1%	3,640,392	-1.1%	0.02%	$351,298,088
GOLDMAN SACHS GROUP INC	1.1%	3,535,932	-3.7%	0.05%	$341,217,439
Pacer Advisors, Inc.	1%	3,353,033	-37%	0.83%	$323,567,685
Newport Trust Company, LLC	1%	3,330,861	-2.5%	0.73%	$321,428,122
Senator Investment Group LP	0.94%	3,094,643	-0.97%	11%	$298,633,049
SRS Investment Management, LLC	0.89%	2,901,113	0%	3%	$279,957,405
Balyasny Asset Management L.P.	0.81%	2,646,053		0.52%	$255,344,115
LSV ASSET MANAGEMENT	0.78%	2,557,559	-1.2%	0.54%	$246,804,000
NORTHERN TRUST CORP	0.77%	2,536,893	-0.3%	0.03%	$244,810,176
BARCLAYS PLC	0.75%	2,460,764	+17%	0.09%	$237,463,735
Boston Partners	0.74%	2,434,975	+4.5%	0.24%	$234,730,943

Institutional Holders of United Airlines Holdings, Inc. - COM (UAL) across Reporting Periods

Period	Reported Shares, Excl. Options	Value, Excl. Options	Value Change	Puts Notional Value	Calls Notional Value	Price (Median)	Investors
2025 Q4	1,627,387	$182,856,740	-$71,106,622			$111.82	71
2025 Q3	289,048,628	$27,895,558,264	+$888,459,594	$1,840,997,188	$1,521,285,356	$96.50	900
2025 Q2	281,593,500	$22,426,939,590	-$239,906,916	$1,838,729,084	$1,492,829,137	$79.63	859
2025 Q1	285,471,349	$19,704,747,748	-$544,948,702	$1,861,152,627	$1,546,359,092	$69.05	831
2024 Q4	287,388,027	$27,919,953,208	+$1,622,276,212	$3,288,780,447	$2,869,634,280	$97.10	838
2024 Q3	268,620,794	$15,341,869,375	+$631,574,983	$1,819,097,226	$1,548,468,453	$57.06	644
2024 Q2	258,256,308	$12,579,792,989	+$657,280,513	$1,535,217,822	$1,007,539,385	$48.66	673
2024 Q1	244,791,737	$11,725,021,748	+$760,341,847	$1,663,115,092	$928,406,269	$47.88	640
2023 Q4	201,968	$8,332,848	+$958,211			$41.26	5
2023 Q3	227,367,617	$9,617,352,385	-$57,238,440	$1,568,947,447	$519,835,912	$42.30	602
2023 Q2	230,766,283	$12,657,747,873	+$364,389,582	$1,904,206,010	$745,771,796	$54.87	631
2023 Q1	220,495,227	$9,755,361,120	+$630,116,759	$1,474,590,063	$563,893,013	$44.25	584
2022 Q4	209,681,726	$7,904,761,767	+$491,079,920	$1,340,048,281	$681,467,798	$37.70	544
2022 Q3	193,886,523	$6,308,419,580	-$349,502,042	$1,072,138,000	$555,996,298	$32.53	464
2022 Q2	208,180,681	$7,345,018,723	+$271,636,153	$1,200,440,494	$572,803,096	$35.42	468
2022 Q1	202,637,745	$9,386,451,976	+$681,094,470	$1,723,668,652	$1,265,882,512	$46.36	505
2021 Q4	187,794,571	$8,222,385,117	-$73,175,517	$1,748,679,122	$1,347,786,566	$43.78	510
2021 Q3	185,378,870	$8,823,085,425	-$263,609,422	$1,898,653,830	$1,375,401,382	$47.57	523
2021 Q2	194,319,539	$10,159,143,395	-$419,758,192	$1,464,188,350	$1,007,312,000	$52.29	539
2021 Q1	201,294,834	$11,580,497,268	+$403,165,607	$1,307,000,451	$1,276,811,794	$57.54	551
2020 Q4	196,636,254	$8,504,809,992	+$800,331,974	$1,139,082,268	$855,529,549	$43.25	522
2020 Q3	178,352,916	$6,197,164,033	+$66,008,934	$807,534,245	$694,465,441	$34.75	454
2020 Q2	176,921,463	$6,121,818,051	-$1,070,183,660	$924,633,238	$819,243,418	$34.61	441
2020 Q1	209,587,477	$6,608,629,114	-$1,488,502,293	$385,509,000	$433,485,007	$31.55	486
2019 Q4	244,992,067	$21,566,988,968	-$641,052,958	$1,091,209,024	$1,182,213,009	$88.09	591
2019 Q3	249,180,418	$22,015,748,729	-$154,178,135	$1,025,647,074	$1,124,601,238	$88.41	564
2019 Q2	248,362,657	$21,724,096,787	-$551,290,483	$822,153,000	$331,874,000	$87.55	560
2019 Q1	257,725,248	$20,554,810,444	-$317,231,757	$563,665,000	$327,782,000	$79.78	585
2018 Q4	266,817,864	$22,334,819,718	+$159,524,536	$789,617,000	$970,592,000	$83.73	612
2018 Q3	263,533,895	$23,466,491,051	+$298,776,925	$848,392,012	$1,364,621,050	$89.06	562
2018 Q2	258,668,824	$18,036,774,483	-$336,455,376	$375,026,000	$480,742,000	$69.73	525
2018 Q1	266,671,260	$18,524,814,370	-$207,708,754	$555,376,079	$580,824,084	$69.47	528
2017 Q4	249,999,178	$16,849,086,281	-$856,767,583	$769,023,540	$616,622,220	$67.40	523
2017 Q3	284,254,507	$17,308,367,903	-$899,467,103	$678,622,000	$246,419,000	$60.88	525
2017 Q2	296,937,662	$22,343,869,995	+$296,545,855	$486,740,000	$372,638,000	$75.25	582
2017 Q1	297,794,902	$21,035,964,744	+$1,341,610,059	$407,458,010	$299,032,047	$70.64	553
2016 Q4	289,285,944	$21,080,004,728	+$868,372,834	$520,295,006	$556,805,124	$72.88	547
2016 Q3	294,390,987	$15,442,854,554	-$320,032,911	$357,710,000	$343,641,000	$52.47	522
2016 Q2	301,530,829	$12,382,811,058	-$1,023,583,854	$200,382,000	$222,302,000	$41.04	508
2016 Q1	320,636,494	$19,214,563,281	-$1,143,161,100	$272,543,500	$288,451,188	$59.86	522
2015 Q4	342,854,574	$19,674,505,252	-$1,019,502,894	$353,363,000	$381,775,000	$57.30	556
2015 Q3	357,649,327	$18,999,928,434	+$362,986,980	$399,945,000	$368,739,000	$53.05	529
2015 Q2	347,887,892	$18,458,950,902	-$389,108,025	$553,490,000	$1,249,218,986	$53.01	478
2015 Q1	354,760,778	$23,863,425,722	+$84,784,256	$445,312,000	$873,415,000	$67.25	496
2014 Q4	345,966,723	$23,146,268,073	+$230,814,108	$694,248,000	$1,306,296,000	$66.89	467
2014 Q3	353,488,879	$16,538,759,881	-$389,498,484	$409,178,000	$914,482,000	$46.79	399
2014 Q2	360,780,021	$14,820,154,826	-$248,396,502	$289,618,000	$973,193,000	$41.07	393
2014 Q1	367,053,703	$16,375,807,161	+$393,631,478	$201,828,000	$602,968,000	$44.63	381