13FPulse
UA

UAL UNITED AIRLINES HOLDINGS INC

2026Q2 · CUSIP 910047109 · Sector: Industrials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,043
Institutions that reported holding it to the SEC
Net increase in holders
+69
Last quarter 974 → now 1,043
How unusual is that
Top 5%
Stronger buying than 97% of US stocks
What the filings say, in one paragraph

1,043 funds held UAL at the end of 2026Q2, up 69 from the quarter before. That is stronger buying than 96.8% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $62.9B(YoY +8.5%), the P/E is 10.2x, return on equity is 20.9%. UAL has had 25 buying rushes in its history, and the price moved +0.3% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Industrials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=308 2013Q4: holders=349 2014Q1: holders=383 2014Q2: holders=393 2014Q3: holders=404 2014Q4: holders=470 2015Q1: holders=504 2015Q2: holders=491 2015Q3: holders=541 2015Q4: holders=565 2016Q1: holders=538 2016Q2: holders=521 2016Q3: holders=537 2016Q4: holders=563 2017Q1: holders=570 2017Q2: holders=599 2017Q3: holders=539 2017Q4: holders=547 2018Q1: holders=547 2018Q2: holders=546 2018Q3: holders=576 2018Q4: holders=626 2019Q1: holders=605 2019Q2: holders=573 2019Q3: holders=582 2019Q4: holders=605 2020Q1: holders=522 2020Q2: holders=463 2020Q3: holders=468 2020Q4: holders=548 2021Q1: holders=575 2021Q2: holders=562 2021Q3: holders=548 2021Q4: holders=540 2022Q1: holders=536 2022Q2: holders=504 2022Q3: holders=506 2022Q4: holders=577 2023Q1: holders=604 2023Q2: holders=645 2023Q3: holders=622 2023Q4: holders=628 2024Q1: holders=637 2024Q2: holders=672 2024Q3: holders=651 2024Q4: holders=858 2025Q1: holders=847 2025Q2: holders=865 2025Q3: holders=913 2025Q4: holders=1018 2026Q1: holders=974 2026Q2: holders=1043 -207 -103.5 +0 +103.5 +207 2776871096 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 25 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5%
2025Q4 Top 5% -18.9% -10.9%
2025Q3 Top 5% +27.7% +22.3%
2025Q2 Top 20% -7.4% -7.2%
2024Q4 Top 5% -31.5% -25.3%
2024Q2 Top 10% +32.5% +116.7%
2023Q2 Top 5% -17.9% -22.4%
2023Q1 Top 10% +16.5% +3.7%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
318
Change in large funds
+22
Total value they hold
$39.3B
Funds buying for the first time
204
Funds that sold out entirely
135
Price change that quarter
+17.1%
Funds holding puts (bearish)
34
Funds holding calls (bullish)
33

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
10.2
EPS (TTM)
$10.67
EPS YoY
+6.7%
Revenue (TTM)
$62.9B
Revenue YoY
+8.5%
Net margin
5.6%
ROE
20.9%
Debt ratio
80.3%
FCF (TTM)
$2.5B
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-09-30: EPS 2.86 2022-12-31: EPS 2.61 2023-03-31: EPS -0.59 2023-06-30: EPS 3.24 2023-09-30: EPS 3.42 2023-12-31: EPS 1.82 2024-03-31: EPS -0.38 2024-06-30: EPS 3.96 2024-09-30: EPS 2.90 2024-12-31: EPS 2.97 2025-03-31: EPS 1.16 2025-06-30: EPS 2.97 2025-09-30: EPS 2.90 2025-12-31: EPS 3.17 2026-03-31: EPS 2.14 2026-06-30: EPS 2.46 0B 8.8B 17.7B $B -0.65 1.85 4.36 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 8 4 8 12 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-3.0B76M3.1B 20162017201820192020202120222023202420252026
Latest quarter $3.1B (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.