United Airlines Holdings, Inc.
US ˙ NasdaqGS ˙ US9100471096

SecurityUAL / United Airlines Holdings, Inc.
InstitutionShell Asset Management Co
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Shell Asset Management Co closes position in UAL / United Airlines Holdings, Inc.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 0 shares of United Airlines Holdings, Inc. (US:UAL) valued at $0 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 4,104 shares of United Airlines Holdings, Inc.. The current value of the position is $0 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)
2025-11-07 2025-09-30 13F UNITED AIRLS HLDGS COM 910047109 0 -100.00 0
2025-07-23 2025-06-30 13F UNITED AIRLS HLDGS COM 910047109 4,104 0 0.00 0 0.0113
2025-05-14 2025-03-31 13F UNITED AIRLS HLDGS COM 910047109 4,104 4,104 0 0.0134
2020-08-10 2020-06-30 13F UNITED AIRLS HLDGS COM 910047109 0 -1,067 -100.00 0 -100.00
2020-05-11 2020-03-31 13F UNITED AIRLS HLDGS COM 910047109 1,067 -2,570 -70.66 34 -89.37 0.0009
2020-02-13 2019-12-31 13F UNITED AIRLINES HLDGS COM 910047109 3,637 636 21.19 320 20.75 0.0069
2019-11-12 2019-09-30 13F UNITED AIRLINES HLDGS COM 910047109 3,001 0 0.00 265 0.76 0.0061
2019-08-12 2019-06-30 13F UNITED CONTL HLDGS COM 910047109 3,001 0 0.00 263 10.04 0.0058
2019-05-09 2019-03-31 13F UNITED CONTL HLDGS COM 910047109 3,001 -7,510 -71.45 239 -72.84 0.0053
2019-02-13 2018-12-31 13F UNITED CONTL HLDGS COM 910047109 10,511 -3,467 -24.80 880 -29.32 0.0219
2018-11-13 2018-09-30 13F UNITED CONTL HLDGS COM 910047109 13,978 2,290 19.59 1,245 52.76 0.0246
2018-08-10 2018-06-30 13F UNITED CONTL HLDGS COM 910047109 11,688 -438 -3.61 815 -3.21 0.0167
2018-05-14 2018-03-31 13F UNITED CONTL HLDGS COM 910047109 12,126 0 0.00 842 3.06 0.0168
2018-02-09 2017-12-31 13F UNITED CONTL HLDGS COM 910047109 12,126 0 0.00 817 10.70 0.0162
2017-10-20 2017-09-30 13F/A-1 UNITED CONTL HLDGS COM 910047109 12,126 8,548 238.90 738 174.35 0.0164
2017-10-18 2017-09-30 13F UNITED CONTL HLDGS COM 910047109 14,495 10,917 678
2017-07-26 2017-06-30 13F UNITED CONTL HLDGS COM 910047109 3,578 -549 -13.30 269 -7.88 0.0067
2017-04-26 2017-03-31 13F UNITED CONTL HLDGS COM 910047109 4,127 0 0.00 292 -2.99 0.0075
2017-01-10 2016-12-31 13F UNITED CONTL HLDGS COM 910047109 4,127 -55 -1.32 301 37.44 0.0081
2016-10-28 2016-09-30 13F UNITED CONTL HLDGS COM 910047109 4,182 0 0.00 219 27.33 0.0052
2016-07-25 2016-06-30 13F UNITED CONTL HLDGS COM 910047109 4,182 -479 -10.28 172 -38.35 0.0040
2016-05-11 2016-03-31 13F UNITED CONTL HLDGS COM 910047109 4,661 0 0.00 279 4.49 0.0067
2016-02-05 2015-12-31 13F UNITED CONTL HLDGS COM 910047109 4,661 -9,834 -67.84 267 -60.62 0.0063
2015-10-13 2015-09-30 13F UNITED CONTL HLDGS COM 910047109 14,495 4,999 52.64 678 34.79 0.0107
2015-07-30 2015-06-30 13F UNITED CONTL HLDGS COM 910047109 9,496 -415 -4.19 503 -24.59 0.0101
2015-05-07 2015-03-31 13F UNITED CONTL HLDGS COM 910047109 9,911 9,911 0.00 667 0.0116
2015-02-04 2014-12-31 13F UNITED CONTL HLDGS COM 910047109 0 -14,495 -100.00 0 -100.00
2014-10-24 2014-09-30 13F UNITED CONTL HLDGS COM 910047109 14,495 -3 -0.02 678 13.95 0.0105
2014-08-08 2014-06-30 13F UNITED CONTL HLDGS COM 910047109 14,498 -3 -0.02 595 -8.04 0.0092
2014-05-07 2014-03-31 13F UNITED CONTL HLDGS COM 910047109 14,501 -526 -3.50 647 13.91 0.0108
2014-02-03 2013-12-31 13F/A-1 UNITED CONTL HLDGS COM 910047109 15,027 -7,855 -34.33 568 -19.20 0.0097
2014-01-27 2013-12-31 13F UNITED CONTL HLDGS COM 910047109 15,027 568
2013-10-28 2013-09-30 13F UNITED CONTL HLDGS COM 910047109 22,882 713 3.22 703 1.30 0.0129
2013-08-01 2013-06-30 13F UNITED CONTL HLDGS COM 910047109 22,169 22,169 694 0.0132
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.