United Bankshares, Inc.
DE ˙ DB ˙ US9099071071
37,40 € ↑1,00 (2,75%)
2026-06-05
DEL PRIS
SecurityDE:UNK / United Bankshares, Inc.
InstitutionArizona State Retirement System
Latest Disclosed Ownership38,570 shares
Latest Disclosed Value $ 1,597,569
Arizona State Retirement System reports 2.30% decrease in ownership of UNK / United Bankshares, Inc.

On May 1, 2026 - Arizona State Retirement System filed a 13F-HR form disclosing ownership of 38,570 shares of United Bankshares, Inc. (DE:UNK) valued at $1,365,378 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 28, 2026 disclosing 39,480 shares of United Bankshares, Inc.. This represents a change in shares of -2.30% during the quarter. The current value of the position is $1,442,518 USD.

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)
2026-05-01 2026-03-31 13F UNITED BANKSHARES INC WEST V COM 909907107 38,570 -910 -2.30 1,598 5.34 0.0093
2026-01-28 2025-12-31 13F UNITED BANKSHARES INC WEST V COM 909907107 39,480 -2,547 -6.06 1,516 -3.01 0.0082
2025-11-03 2025-09-30 13F UNITED BANKSHARES INC WEST V COM 909907107 42,027 181 0.43 1,564 2.56 0.0083
2025-08-13 2025-06-30 13F UNITED BANKSHARES INC WEST V COM 909907107 41,846 3,080 7.95 1,524 13.39 0.0088
2025-05-01 2025-03-31 13F UNITED BANKSHARES INC WEST V COM 909907107 38,766 -459 -1.17 1,344 -8.70 0.0086
2025-02-06 2024-12-31 13F UNITED BANKSHARES INC WEST V COM 909907107 39,225 296 0.76 1,473 1.94 0.0090
2024-11-12 2024-09-30 13F UNITED BANKSHARES INC WEST V COM 909907107 38,929 1,148 3.04 1,444 17.88 0.0091
2024-08-05 2024-06-30 13F UNITED BANKSHARES INC WEST V COM 909907107 37,781 698 1.88 1,226 -7.69 0.0082
2024-05-07 2024-03-31 13F UNITED BANKSHARES INC WEST V COM 909907107 37,083 -638 -1.69 1,327 -6.29 0.0092
2024-01-24 2023-12-31 13F UNITED BANKSHARES INC WEST V COM 909907107 37,721 -699 -1.82 1,416 33.58 0.0107
2023-11-07 2023-09-30 13F UNITED BANKSHARES INC WEST V COM 909907107 38,420 563 1.49 1,060 -5.61 0.0090
2023-08-01 2023-06-30 13F UNITED BANKSHARES INC WEST V COM 909907107 37,857 -1,161 -2.98 1,123 -18.21 0.0091
2023-04-27 2023-03-31 13F UNITED BANKSHARES COM 909907107 39,018 1,040 2.74 1,373 -10.67 0.0123
2023-02-08 2022-12-31 13F UNITED BANKSHARES COM 909907107 37,978 1,213 3.30 1,538 16.97 0.0148
2022-11-07 2022-09-30 13F UNITED BANKSHARES INC WEST V COM 909907107 36,765 -335 -0.90 1,314 1.00 0.0136
2022-07-28 2022-06-30 13F UNITED BANKSHARES INC WEST V COM 909907107 37,100 249 0.68 1,301 1.25 0.0126
2022-05-04 2022-03-31 13F UNITED BANKSHARES INC WEST V COM 909907107 36,851 2,076 5.97 1,285 1.82 0.0104
2022-02-04 2021-12-31 13F UNITED BANKSHARES INC WEST V COM 909907107 34,775 -413 -1.17 1,262 -1.41 0.0096
2021-11-12 2021-09-30 13F UNITED BANKSHARES COM 909907107 35,188 71 0.20 1,280 -0.16 0.0104
2021-08-02 2021-06-30 13F UNITED BANKSHARES COM 909907107 35,117 -2,657 -7.03 1,282 -12.01 0.0104
2021-05-06 2021-03-31 13F UNITED BANKSHARES COM 909907107 37,774 144 0.38 1,457 19.52 0.0127
2021-01-28 2020-12-31 13F UNITED BANKSHARES COM 909907107 37,630 -1,449 -3.71 1,219 45.29 0.0111
2020-11-05 2020-09-30 13F UNITED BANKSHARES COM 909907107 39,079 9,838 33.64 839 3.71 0.0083
2020-08-04 2020-06-30 13F UNITED BANKSHARES COM 909907107 29,241 5,405 22.68 809 47.09 0.0114
2020-05-05 2020-03-31 13F UNITED BANKSHARES COM 909907107 23,836 -33,739 -58.60 550 -75.29 0.0095
2020-01-27 2019-12-31 13F UNITED BANKSHARES COM 909907107 57,575 -5,915 -9.32 2,226 -7.40 0.0268
2019-10-31 2019-09-30 13F UNITED BANKSHARES COM 909907107 63,490 -10,625 -14.34 2,404 -12.55 0.0293
2019-07-25 2019-06-30 13F UNITED BANKSHARES COM 909907107 74,115 798 1.09 2,749 3.46 0.0318
2019-04-29 2019-03-31 13F UNITED BANKSHARES COM 909907107 73,317 -742 -1.00 2,657 15.32 0.0316
2019-01-28 2018-12-31 13F UNITED BANKSHARES COM 909907107 74,059 341 0.46 2,304 -14.03 0.0296
2018-10-29 2018-09-30 13F UNITED BANKSHARES COM 909907107 73,718 721 0.99 2,680 0.87 0.0253
2018-08-07 2018-06-30 13F UNITED BANKSHARES COM 909907107 72,997 1,926 2.71 2,657 6.07 0.0267
2018-05-14 2018-03-31 13F UNITED BANKSHARES COM 909907107 71,071 -4,500 -5.95 2,505 -4.61 0.0253
2018-02-09 2017-12-31 13F UNITED BANKSHARES COM 909907107 75,571 16,096 27.06 2,626 18.88 0.0256
2017-11-14 2017-09-30 13F UNITED BANKSHARES COM 909907107 59,475 15,275 34.56 2,209 27.47 0.0264
2017-08-02 2017-06-30 13F UNITED BANKSHARES COM 909907107 44,200 1,952 4.62 1,733 -2.91 0.0240
2017-05-10 2017-03-31 13F UNITED BANKSHARES COM 909907107 42,248 900 2.18 1,785 -6.64 0.0251
2017-02-10 2016-12-31 13F UNITED BANKSHARES COM 909907107 41,348 6,600 18.99 1,912 46.07 0.0281
2016-11-01 2016-09-30 13F UNITED BANKSHARES COM 909907107 34,748 1,100 3.27 1,309 3.72 0.0199
2016-08-15 2016-06-30 13F UNITED BANKSHARES COM 909907107 33,648 500 1.51 1,262 3.70 0.0177
2016-05-16 2016-03-31 13F UNITED BANKSHARES COM 909907107 33,148 900 2.79 1,217 2.01 0.0158
2016-02-12 2015-12-31 13F UNITED BANKSHARES COM 909907107 32,248 1,200 3.86 1,193 1.10 0.0159
2015-11-20 2015-09-30 13F UNITED BANKSHARES COM 909907107 31,048 -13,420 -30.18 1,180 -29.13 0.0166
2015-02-11 2014-12-31 13F UNITED BANKSHARES COM 909907107 44,468 300 0.68 1,665 21.89 0.0196
2014-11-21 2014-09-30 13F UNITED BANKSHARES COM 909907107 44,168 -500 -1.12 1,366 -5.40 0.0169
2014-08-07 2014-06-30 13F UNITED BANKSHARES COM 909907107 44,668 600 1.36 1,444 7.04 0.0175
2014-05-19 2014-03-31 13F UNITED BANKSHARES COM 909907107 44,068 7,580 20.77 1,349 17.61 0.0171
2014-02-05 2013-12-31 13F UNITED BANKSHARES COM 909907107 36,488 -4,600 -11.20 1,147 -3.61 0.0141
2013-11-01 2013-09-30 13F UNITED BANKSHARES COM 909907107 41,088 400 0.98 1,190 10.59 0.0152
2013-09-17 2013-06-30 13F UNITED BANKSHARES COM 909907107 40,688 100 0.25 1,076 -0.37 0.0147
2013-09-17 2013-03-31 13F UNITED BANKSHARES COM 909907107 40,588 40,588 1,080 0.0155
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.