United Airlines Holdings, Inc.
US ˙ NasdaqGS ˙ US9100471096

SecurityUAL / United Airlines Holdings, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership112,706 shares
Latest Disclosed Value $ 10,376,822
Cwm, Llc reports 33.72% increase in ownership of UAL / United Airlines Holdings, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 112,706 shares of United Airlines Holdings, Inc. (US:UAL) valued at $10,376,841 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 84,286 shares of United Airlines Holdings, Inc.. This represents a change in shares of 33.72% during the quarter. The current value of the position is $11,849,909 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)
2026-05-14 2026-03-31 13F UNITED AIRLS HLDGS COM 910047109 112,706 28,420 33.72 10,377 115,188.89 0.0273
2026-01-26 2025-12-31 13F UNITED AIRLS HLDGS COM 910047109 84,286 31,921 60.96 9 80.00 0.0255
2025-10-15 2025-09-30 13F UNITED AIRLS HLDGS COM 910047109 52,365 8,371 19.03 5 66.67 0.0152
2025-07-25 2025-06-30 13F UNITED AIRLS HLDGS COM 910047109 43,994 22,210 101.96 4 200.00 0.0124
2025-05-01 2025-03-31 13F UNITED AIRLS HLDGS COM 910047109 21,784 1,294 6.32 2 0.00 0.0060
2025-02-04 2024-12-31 13F UNITED AIRLS HLDGS COM 910047109 20,490 6,883 50.58 2 0.0083
2024-10-08 2024-09-30 13F UNITED AIRLS HLDGS COM 910047109 13,607 6,027 79.51 1 0.0033
2024-07-10 2024-06-30 13F UNITED AIRLS HLDGS COM 910047109 7,580 -1,142 -13.09 0 0.0017
2024-04-05 2024-03-31 13F UNITED AIRLS HLDGS COM 910047109 8,722 1,190 15.80 0 0.0020
2024-02-01 2023-12-31 13F UNITED AIRLS HLDGS COM 910047109 7,532 435 6.13 0 0.0017
2023-10-11 2023-09-30 13F UNITED AIRLS HLDGS COM 910047109 7,097 227 3.30 0 0.0018
2023-08-03 2023-06-30 13F UNITED AIRLS HLDGS COM 910047109 6,870 531 8.38 0 0.0023
2023-05-01 2023-03-31 13F UNITED AIRLS HLDGS COM 910047109 6,339 159 2.57 0 0.0019
2023-02-01 2022-12-31 13F UNITED AIRLS HLDGS COM 910047109 6,180 -507 -7.58 0 -100.00 0.0017
2022-10-27 2022-09-30 13F UNITED AIRLS HLDGS COM 910047109 6,687 561 9.16 218 0.46 0.0017
2022-07-28 2022-06-30 13F UNITED AIRLS HLDGS COM 910047109 6,126 -1,284 -17.33 217 -36.92 0.0017
2022-04-21 2022-03-31 13F UNITED AIRLS HLDGS COM 910047109 7,410 1,680 29.32 344 37.05 0.0024
2022-01-31 2021-12-31 13F UNITED AIRLS HLDGS COM 910047109 5,730 1,551 37.11 251 14.61 0.0018
2021-09-15 2021-06-30 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2021-07-29 2021-06-30 13F UNITED AIRLS HLDGS COM 910047109 4,179 0 219 0.0017
2021-09-15 2021-03-31 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2021-04-27 2021-03-31 13F UNITED AIRLS HLDGS COM 910047109 4,128 -51 238 0.0021
2021-09-15 2020-12-31 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2021-01-27 2020-12-31 13F UNITED AIRLS HLDGS COM 910047109 3,437 -742 149 0.0014
2021-09-15 2020-09-30 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2020-10-19 2020-09-30 13F UNITED AIRLS HLDGS COM 910047109 2,265 -1,914 79 0.0009
2021-09-15 2020-06-30 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2020-07-22 2020-06-30 13F UNITED AIRLS HLDGS COM 910047109 2,079 -2,100 72 0.0009
2021-09-15 2020-03-31 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2020-04-28 2020-03-31 13F UNITED AIRLS HLDGS COM 910047109 991 -3,188 31 0.0005
2021-09-14 2019-12-31 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2020-01-27 2019-12-31 13F UNITED AIRLINES HLDGS COM 910047109 132 -4,047 12 0.0002
2021-09-14 2019-09-30 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2019-10-22 2019-09-30 13F UNITED AIRLINES HLDGS COM 910047109 115 -4,064 10 0.0001
2021-09-14 2019-06-30 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 0 0.00 219 0.00 0.0017
2019-07-31 2019-06-30 13F UNITED CONTL HLDGS COM 910047109 88 -4,091 8 0.0001
2021-09-02 2019-03-31 13F/A-1 UNITED AIRLS HLDGS COM 910047109 4,179 4,163 26,018.75 219 21,800.00 0.0017
2019-04-22 2019-03-31 13F UNITED CONTL HLDGS COM 910047109 93 77 7 0.0001
2019-01-25 2018-12-31 13F UNITED CONTL HLDGS COM 910047109 16 16 1 0.0000
2018-07-31 2018-06-30 13F UNITED CONTL HLDGS COM 910047109 0 -171 -100.00 0 -100.00
2018-04-26 2018-03-31 13F UNITED CONTL HLDGS COM 910047109 171 171 12 0.0005
2017-04-17 2017-03-31 13F UNITED CONTL HLDGS COM 910047109 0 -92 -100.00 0 -100.00
2017-01-19 2016-12-31 13F UNITED CONTL HLDGS COM 910047109 92 -27 -22.69 7 40.00 0.0004
2014-02-14 2013-12-31 13F UNITED CONTL HLDGS COM 910047109 119 119 5 0.0008
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.