United Airlines Holdings Inc (UAL) 13F Investor Activity Report (Q2 2026)

UAL ranks #427 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

UAL is a top-conviction position for Par Capital Management Inc — at 18.1% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in UAL belongs to BlackRock, Inc., but the position matters far more to Par Capital Management Inc, who has 18.1% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Gateway Investment Advisers LLC has added to its UAL position for two straight quarters, increasing it by $4.7M to reach $5.4M today.

Avondale Wealth Management has trimmed its UAL position for two straight quarters, cutting it by $686.5K while still holding $294.0K.

UAL is down 5.1% today, but institutions show net buying of $2.8B this quarter — a divergence between today's price move and the underlying institutional flow.

UAL posted net income of $3.5B over the trailing twelve months.

• Profitable — net income of $3.5B over the trailing twelve months
• Revenue grew 8.5% year over year
• Net income improved year over year, from $3.3B to $3.5B
• Generated $8.4B in positive operating cash flow
• Current ratio of 0.65x — below the conventional 1.5x liquidity buffer
• Liabilities run x equity — a highly leveraged balance sheet worth noting