United Airlines Holdings, Inc.
MX ˙ BMV ˙ US9100471096
SecurityMX:UAL / United Airlines Holdings, Inc.
InstitutionPrimecap Management Co/ca/
Latest Disclosed Ownership15,978,490 shares
Ownership 4.88%
Primecap Management Co/ca/ ownership in UAL / United Airlines Holdings, Inc.

2026-02-11 - Primecap Management Co/ca/ has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 15,978,490 shares of United Airlines Holdings, Inc. (MX:UAL). This represents 4.88 percent ownership of the company. In their previous filing dated 2025-08-14 , Primecap Management Co/ca/ had reported owning 18,844,880 shares, indicating a decrease of -15.21 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date
Effective
Date
Form Prev
Shares
Latest
Shares
ΔShares
(Percent)
Ownership
(Percent)
ΔOwnership
(Percent)
2026-02-11 2026-02-11 13G/A 18,844,880 15,978,490 -15.21 4.88 -15.13
2025-08-14 2025-08-14 13G/A 23,353,324 18,844,880 -19.31 5.75 -19.24
2024-02-12 2024-02-12 13G/A 24,070,249 23,353,324 -2.98 7.12 -3.39
2023-02-09 2023-02-09 13G/A 25,375,838 24,070,249 -5.15 7.37 -5.99
2022-02-10 2022-02-10 13G/A 28,448,950 25,375,838 -10.80 7.84 -18.59
2021-02-12 2021-02-12 13G/A 28,882,160 28,448,950 -1.50 9.63 -3.02
2020-11-06 2020-11-06 13G/A 37,164,507 28,882,160 -22.29 9.93 -32.40
2020-02-12 2020-02-12 13G/A 38,278,447 37,164,507 -2.91 14.69 4.56
2019-02-08 2019-02-08 13G/A 33,442,802 38,278,447 14.46 14.05 24.45
2018-02-08 2018-02-08 13G/A 19,727,254 33,442,802 69.53 11.29 81.51
2017-02-09 2017-02-09 13G/A 19,466,000 19,727,254 1.34 6.22 19.16
2016-02-12 2016-02-12 13G/A 19,890,871 19,466,000 -2.14 5.22 0.77
2015-04-07 2015-04-07 13G 18,962,399 19,890,871 4.90 5.18 4.86
2015-03-06 2015-03-06 13G/A 18,962,399 4.94
2015-02-13 2015-02-13 13G/A 18,812,329 5.10
2014-10-06 2014-10-06 13G 18,536,173 5.01

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F UNITED AIRLS HLDGS COM 910047109 15,750,610 -227,880 -1.43 1,450,159 -18.84 1.1418
2026-02-11 2025-12-31 13F UNITED AIRLS HLDGS COM 910047109 15,978,490 -2,024,470 -11.25 1,786,715 2.85 1.3524
2025-11-12 2025-09-30 13F UNITED AIRLS HLDGS COM 910047109 18,002,960 -831,750 -4.42 1,737,286 15.83 1.3305
2025-08-11 2025-06-30 13F UNITED AIRLS HLDGS COM 910047109 18,834,710 -2,964,935 -13.60 1,499,808 -0.36 1.1885
2025-05-09 2025-03-31 13F UNITED AIRLS HLDGS COM 910047109 21,799,645 -879,830 -3.88 1,505,265 -31.65 1.2444
2025-02-10 2024-12-31 13F UNITED AIRLS HLDGS COM 910047109 22,679,475 -891,527 -3.78 2,202,177 63.74 1.7055
2024-11-08 2024-09-30 13F UNITED AIRLS HLDGS COM 910047109 23,571,002 -158,340 -0.67 1,344,961 16.48 0.9889
2024-08-09 2024-06-30 13F UNITED AIRLS HLDGS COM 910047109 23,729,342 28,253 0.12 1,154,670 1.75 0.8360
2024-05-14 2024-03-31 13F UNITED AIRLS HLDGS COM 910047109 23,701,089 347,765 1.49 1,134,808 17.77 0.8464
2024-02-09 2023-12-31 13F UNITED AIRLS HLDGS COM 910047109 23,353,324 -116,110 -0.49 963,558 -2.94 0.7628
2023-11-13 2023-09-30 13F UNITED AIRLS HLDGS COM 910047109 23,469,434 -92,995 -0.39 992,757 -23.21 0.8380
2023-08-11 2023-06-30 13F UNITED AIRLS HLDGS COM 910047109 23,562,429 -342,780 -1.43 1,292,870 22.22 1.0803
2023-05-15 2023-03-31 13F UNITED AIRLS HLDGS COM 910047109 23,905,209 -165,040 -0.69 1,057,805 16.57 0.9224
2023-02-13 2022-12-31 13F UNITED AIRLS HLDGS COM 910047109 24,070,249 -412,609 -1.69 907,448 13.94 0.8308
2022-11-14 2022-09-30 13F UNITED AIRLS HLDGS COM 910047109 24,482,858 -187,470 -0.76 796,427 -8.86 0.7707
2022-08-11 2022-06-30 13F UNITED AIRLS HLDGS COM 910047109 24,670,328 -343,470 -1.37 873,823 -24.65 0.7811
2022-05-11 2022-03-31 13F UNITED AIRLS HLDGS COM 910047109 25,013,798 -362,040 -1.43 1,159,640 4.38 0.8747
2022-02-11 2021-12-31 13F UNITED AIRLS HLDGS COM 910047109 25,375,838 -968,295 -3.68 1,110,954 -11.35 0.7690
2021-11-12 2021-09-30 13F UNITED AIRLS HLDGS COM 910047109 26,344,133 -331,265 -1.24 1,253,190 -10.16 0.8846
2021-08-10 2021-06-30 13F UNITED AIRLS HLDGS COM 910047109 26,675,398 -744,033 -2.71 1,394,857 -11.59 0.9371
2021-05-14 2021-03-31 13F UNITED AIRLS HLDGS COM 910047109 27,419,431 -1,029,519 -3.62 1,577,714 28.23 1.1002
2021-02-08 2020-12-31 13F UNITED AIRLS HLDGS COM 910047109 28,448,950 -848,850 -2.90 1,230,417 20.85 0.9145
2020-11-13 2020-09-30 13F UNITED AIRLINES HOLDINGS COM 910047109 29,297,800 -1,024,790 -3.38 1,018,099 -2.99 0.8400
2020-08-13 2020-06-30 13F UNITED AIRLINES HOLDINGS COM 910047109 30,322,590 -4,040,110 -11.76 1,049,465 -3.20 0.9005
2020-05-14 2020-03-31 13F UNITED AIRLINES HOLDINGS COM 910047109 34,362,700 -2,801,807 -7.54 1,084,143 -66.88 1.0631
2020-02-14 2019-12-31 13F UNITED AIRLINES HOLDINGS COM 910047109 37,164,507 -243,173 -0.65 3,273,821 -1.01 2.3744
2019-11-13 2019-09-30 13F UNITED AIRLINES HOLDINGS COM 910047109 37,407,680 -613,387 -1.61 3,307,213 -0.65 2.6450
2019-08-14 2019-06-30 13F UNITED AIRLINES HOLDINGS COM 910047109 38,021,067 -184,557 -0.48 3,328,744 9.21 2.4614
2019-05-14 2019-03-31 13F UNITED CONTL HLDGS COM 910047109 38,205,624 -52,353 -0.14 3,048,045 -4.85 2.2432
2019-02-12 2018-12-31 13F UNITED CONTL HLDGS COM 910047109 38,257,977 -117,636 -0.31 3,203,340 -6.27 2.5955
2018-11-13 2018-09-30 13F UNITED CONTL HLDGS COM 910047109 38,375,613 110,624 0.29 3,417,732 28.09 2.3071
2018-08-13 2018-06-30 13F UNITED CONTL HLDGS COM 910047109 38,264,989 2,004,590 5.53 2,668,218 5.92 1.9783
2018-05-14 2018-03-31 13F UNITED CONTL HLDGS COM 910047109 36,260,399 8,976,847 32.90 2,519,010 36.98 1.8901
2018-02-13 2017-12-31 13F UNITED CONTL HLDGS COM 910047109 27,283,552 5,009,766 22.49 1,838,911 35.61 1.4112
2017-11-13 2017-09-30 13F UNITED CONTL HLDGS COM 910047109 22,273,786 20,983 0.09 1,356,028 -19.02 1.1224
2017-08-11 2017-06-30 13F UNITED CONTL HLDGS COM 910047109 22,252,803 2,699,378 13.81 1,674,523 21.23 1.4385
2017-05-12 2017-03-31 13F UNITED CONTL HLDGS COM 910047109 19,553,425 -173,829 -0.88 1,381,254 -3.93 1.2537
2017-02-13 2016-12-31 13F UNITED CONTL HLDGS COM 910047109 19,727,254 -115,397 -0.58 1,437,722 38.09 1.4147
2016-11-14 2016-09-30 13F UNITED CONTL HLDGS COM 910047109 19,842,651 255,546 1.30 1,041,144 29.52 1.0391
2016-08-12 2016-06-30 13F UNITED CONTL HLDGS COM 910047109 19,587,105 53,080 0.27 803,855 -31.25 0.8559
2016-05-12 2016-03-31 13F UNITED CONTL HLDGS COM 910047109 19,534,025 68,025 0.35 1,169,307 4.83 1.2128
2016-02-12 2015-12-31 13F UNITED CONTL HLDGS COM 910047109 19,466,000 -22,650 -0.12 1,115,402 7.89 1.1404
2015-11-12 2015-09-30 13F UNITED CONTL HLDGS COM 910047109 19,488,650 -889,435 -4.36 1,033,873 -4.29 1.1476
2015-08-13 2015-06-30 13F UNITED CONTL HLDGS COM 910047109 20,378,085 487,214 2.45 1,080,242 -19.24 1.0625
2015-05-14 2015-03-31 13F UNITED CONTL HLDGS COM 910047109 19,890,871 1,078,542 5.73 1,337,661 6.30 1.3063
2015-02-12 2014-12-31 13F UNITED CONTL HLDGS COM 910047109 18,812,329 276,156 1.49 1,258,357 45.09 1.2752
2014-11-13 2014-09-30 13F UNITED CONTL HLDGS COM 910047109 18,536,173 605,838 3.38 867,308 17.78 0.9280
2014-08-14 2014-06-30 13F UNITED CONTL HLDGS COM 910047109 17,930,335 3,345,934 22.94 736,399 13.14 0.8063
2014-05-14 2014-03-31 13F UNITED CONTL HLDGS COM 910047109 14,584,401 4,707,651 47.66 650,902 74.21 0.7367
2014-02-13 2013-12-31 13F UNITED CONTL HLDGS COM 910047109 9,876,750 99,955 1.02 373,637 24.44 0.4491
2013-11-13 2013-09-30 13F UNITED CONTL HLDGS COM 910047109 9,776,795 2,255,200 29.98 300,245 27.57 0.3950
2013-08-14 2013-06-30 13F UNITED CONTL HLDGS COM 910047109 7,521,595 7,521,595 235,351 0.3366
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.