United Airlines Holdings, Inc.
MX ˙ BMV ˙ US9100471096
SecurityMX:UAL / United Airlines Holdings, Inc.
InstitutionM&t Bank Corp
Latest Disclosed Ownership16,122 shares
Latest Disclosed Value $ 1,484,352
M&t Bank Corp reports 2.06% decrease in ownership of UAL / United Airlines Holdings, Inc.

On May 12, 2026 - M&t Bank Corp filed a 13F-HR form disclosing ownership of 16,122 shares of United Airlines Holdings, Inc. (MX:UAL) valued at $1,484,352 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on January 30, 2026 disclosing 16,461 shares of United Airlines Holdings, Inc.. This represents a change in shares of -2.06% during the quarter.

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)
2026-05-12 2026-03-31 13F UNITED AIRLS HLDGS COM 910047109 16,122 -339 -2.06 1,484 -19.35 0.0012
2026-01-30 2025-12-31 13F/A-1 UNITED AIRLS HLDGS COM 910047109 16,461 3,256 24.66 1,840 44.43 0.0059
2026-01-28 2025-12-31 13F UNITED AIRLS HLDGS COM 910047109 10,660 -2,545 3,696 0.0022
2025-11-14 2025-09-30 13F UNITED AIRLS HLDGS COM 910047109 13,205 -3,368 -20.32 1,275 -3.48 0.0043
2025-08-13 2025-06-30 13F UNITED AIRLS HLDGS COM 910047109 16,573 -1,058 -6.00 1,320 8.55 0.0045
2025-04-30 2025-03-31 13F UNITED AIRLS HLDGS COM 910047109 17,631 -2,245 -11.30 1,217 -36.96 0.0044
2025-02-06 2024-12-31 13F UNITED AIRLS HLDGS COM 910047109 19,876 4,573 29.88 1,930 120.96 0.0065
2024-11-19 2024-09-30 13F/A-1 UNITED AIRLS HLDGS COM 910047109 15,303 -942 -5.80 874 10.51 0.0029
2024-11-15 2024-09-30 13F UNITED AIRLS HLDGS COM 910047109 15,303 -942 874 0.0005
2024-07-31 2024-06-30 13F UNITED AIRLS HLDGS COM 910047109 16,245 1,703 11.71 790 13.51 0.0027
2024-05-07 2024-03-31 13F UNITED AIRLS HLDGS COM 910047109 14,542 38 0.26 696 16.39 0.0024
2024-02-06 2023-12-31 13F UNITED AIRLS HLDGS COM 910047109 14,504 47 0.33 599 -2.13 0.0022
2023-11-02 2023-09-30 13F UNITED AIRLS HLDGS COM 910047109 14,457 -545 -3.63 612 -25.76 0.0024
2023-08-09 2023-06-30 13F UNITED AIRLS HLDGS COM 910047109 15,002 241 1.63 823 26.03 0.0031
2023-05-11 2023-03-31 13F UNITED AIRLS HLDGS COM 910047109 14,761 440 3.07 653 20.93 0.0025
2023-02-13 2022-12-31 13F/A-1 UNITED AIRLS HLDGS COM 910047109 14,321 -643 -4.30 540 10.66 0.0022
2023-02-13 2022-12-31 13F UNITED BANKSHARES INC WEST V COM 910047109 29,685 14,721 1,164 0.0047
2022-11-17 2022-09-30 13F/A-1 UNITED AIRLS HLDGS COM 910047109 14,964 -1,485 -9.03 488 -8.96 0.0022
2022-11-14 2022-09-30 13F UNITED AIRLS HLDGS COM 910047109 14,964 -1,485 446 0.0004
2022-08-05 2022-06-30 13F UNITED AIRLS HLDGS COM 910047109 16,449 4,858 41.91 536 -0.37 0.0025
2022-05-09 2022-03-31 13F UNITED AIRLS HLDGS COM 910047109 11,591 -98 -0.84 538 5.08 0.0024
2022-02-07 2021-12-31 13F UNITED AIRLS HLDGS COM 910047109 11,689 -384 -3.18 512 -10.65 0.0022
2021-10-28 2021-09-30 13F UNITED AIRLS HLDGS COM 910047109 12,073 464 4.00 573 -5.60 0.0026
2021-08-13 2021-06-30 13F UNITED AIRLS HLDGS COM 910047109 11,609 470 4.22 607 -5.16 0.0027
2021-05-06 2021-03-31 13F UNITED AIRLS HLDGS COM 910047109 11,139 -213 -1.88 640 30.35 0.0028
2021-02-12 2020-12-31 13F UNITED AIRLS HLDGS COM 910047109 11,352 682 6.39 491 31.99 0.0022
2020-11-06 2020-09-30 13F UNITED AIRLS HLDGS COM 910047109 10,670 -3,101 -22.52 372 -22.01 0.0018
2020-07-29 2020-06-30 13F UNITED AIRLS HLDGS COM 910047109 13,771 -1,074 -7.23 477 1.71 0.0026
2020-05-14 2020-03-31 13F UNITED AIRLS HLDGS COM 910047109 14,845 1,525 11.45 469 -60.05 0.0028
2020-02-07 2019-12-31 13F UNITED AIRLINES HLDGS COM 910047109 13,320 -195 -1.44 1,174 -1.76 0.0055
2019-11-12 2019-09-30 13F UNITED AIRLINES HLDGS COM 910047109 13,515 -1,270 -8.59 1,195 -7.72 0.0060
2019-08-12 2019-06-30 13F UNITED CONTL HLDGS COM 910047109 14,785 -983 -6.23 1,295 3.02 0.0068
2019-05-15 2019-03-31 13F UNITED CONTL HLDGS COM 910047109 15,768 -924 -5.54 1,257 -10.02 0.0066
2019-02-01 2018-12-31 13F UNITED CONTL HLDGS COM 910047109 16,692 133 0.80 1,397 -5.16 0.0080
2018-11-09 2018-09-30 13F UNITED CONTL HLDGS COM 910047109 16,559 -2,025 -10.90 1,473 13.75 0.0074
2018-08-10 2018-06-30 13F UNITED CONTL HLDGS COM 910047109 18,584 206 1.12 1,295 1.49 0.0070
2018-05-04 2018-03-31 13F UNITED CONTL HLDGS COM 910047109 18,378 -3,161 -14.68 1,276 -12.18 0.0069
2018-02-06 2017-12-31 13F UNITED CONTL HLDGS COM 910047109 21,539 786 3.79 1,453 14.95 0.0076
2017-11-13 2017-09-30 13F UNITED CONTL HLDGS COM 910047109 20,753 -1,102 -5.04 1,264 -23.16 0.0069
2017-08-11 2017-06-30 13F UNITED CONTL HLDGS COM 910047109 21,855 -54 -0.25 1,645 6.33 0.0097
2017-05-10 2017-03-31 13F UNITED CONTL HLDGS COM 910047109 21,909 -1,464 -6.26 1,547 -9.16 0.0093
2017-02-14 2016-12-31 13F UNITED CONTL HLDGS COM 910047109 23,373 1,050 4.70 1,703 45.43 0.0106
2016-11-04 2016-09-30 13F UNITED CONTL HLDGS COM 910047109 22,323 -70 -0.31 1,171 27.28 0.0075
2016-08-04 2016-06-30 13F UNITED CONTL HLDGS COM 910047109 22,393 -5,789 -20.54 920 -45.50 0.0062
2016-05-11 2016-03-31 13F UNITED CONTL HLDGS COM 910047109 28,182 709 2.58 1,688 7.24 0.0114
2016-02-12 2015-12-31 13F UNITED CONTL HLDGS COM 910047109 27,473 12 0.04 1,574 8.03 0.0104
2015-11-13 2015-09-30 13F UNITED CONTL HLDGS COM 910047109 27,461 -5,246 -16.04 1,457 -16.02 0.0099
2015-08-14 2015-06-30 13F UNITED CONTL HLDGS COM 910047109 32,707 -84 -0.26 1,735 -21.32 0.0105
2015-05-14 2015-03-31 13F UNITED CONTL HLDGS COM 910047109 32,791 -5,930 -15.31 2,205 -14.90 0.0138
2015-02-12 2014-12-31 13F UNITED CONTL HLDGS COM 910047109 38,721 -8,211 -17.50 2,591 17.99 0.0162
2014-11-14 2014-09-30 13F UNITED CONTL HLDGS COM 910047109 46,932 46,932 2,196 0.0154
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.