United Bankshares, Inc.
US ˙ NasdaqGS ˙ US9099071071

SecurityUBSI / United Bankshares, Inc.
InstitutionSilvercrest Asset Management Group Llc
Latest Disclosed Ownership1,656,172 shares
Latest Disclosed Value $ 68,598,731
Silvercrest Asset Management Group Llc reports 10.60% decrease in ownership of UBSI / United Bankshares, Inc.

On May 15, 2026 - Silvercrest Asset Management Group Llc filed a 13F-HR form disclosing ownership of 1,656,172 shares of United Bankshares, Inc. (US:UBSI) valued at $68,598,644 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,852,582 shares of United Bankshares, Inc.. This represents a change in shares of -10.60% during the quarter. The current value of the position is $70,519,804 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)
2026-05-15 2026-03-31 13F UNITED BANKSHARES INC WEST VA COM COM 909907107 1,656,172 -196,410 -10.60 68,599 -3.57 0.4957
2026-02-17 2025-12-31 13F UNITED BANKSHARES INC WEST VA COM COM 909907107 1,852,582 -220,338 -10.63 71,139 -7.77 0.4889
2025-11-14 2025-09-30 13F UNITED BANKSHARES INC WEST VA COM COM 909907107 2,072,920 -80,883 -3.76 77,133 -1.70 0.5104
2025-08-14 2025-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 2,153,803 -128,672 -5.64 78,463 -0.85 0.5271
2025-05-15 2025-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 2,282,475 -64,493 -2.75 79,133 -10.21 0.5664
2025-02-14 2024-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 2,346,968 -107,461 -4.38 88,129 -3.22 0.5887
2024-11-14 2024-09-30 13F UNITED BANKSHARES INC WEST VA COM COM 909907107 2,454,429 292,692 13.54 91,059 29.85 0.6196
2024-08-15 2024-06-30 13F/A-1 UNITED BANKSHARES INC WEST VA COM COM 909907107 2,161,737 47,273 2.24 70,127 -7.33 0.4811
2024-08-14 2024-06-30 13F UNITED BANKSHARES INC WEST VA COM COM 909907107 4,323,474 2,209,010 140,253 0.3205
2024-05-15 2024-03-31 13F UNITED BANKSHARES INC WEST VA COM COM 909907107 2,114,464 -249,501 -10.55 75,677 -14.75 0.5120
2024-02-14 2023-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 2,363,965 -1,038,676 -30.53 88,767 -5.45 0.6278
2023-11-14 2023-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,402,641 -215,818 -5.96 93,879 -12.56 0.7126
2023-08-14 2023-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,618,459 12,563 0.35 107,360 -15.42 0.7658
2023-05-15 2023-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,605,896 -97,236 -2.63 126,928 -15.35 0.9638
2023-02-14 2022-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,703,132 -75,457 -2.00 149,940 11.00 1.1527
2022-11-14 2022-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,778,589 -129,167 -3.31 135,085 -1.43 1.1110
2022-08-15 2022-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,907,756 -19,827 -0.50 137,045 0.04 1.0417
2022-05-16 2022-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,927,583 563,345 16.75 136,994 12.82 0.8898
2022-02-14 2021-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,364,238 -113,439 -3.26 121,425 -4.03 0.7692
2021-11-15 2021-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,477,677 202,900 6.20 126,518 5.85 0.8528
2021-08-16 2021-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 3,274,777 1,660,650 102.88 119,530 91.95 0.7839
2021-05-17 2021-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,614,127 101,844 6.73 62,273 27.09 0.4205
2021-02-16 2020-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,512,283 160,899 11.91 48,998 68.88 0.3576
2020-11-16 2020-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,351,384 -27,673 -2.01 29,014 -23.94 0.2489
2020-08-14 2020-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,379,057 7,793 0.57 38,144 20.52 0.3383
2020-05-15 2020-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,371,264 170,864 14.23 31,649 -31.80 0.3394
2020-02-14 2019-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,200,400 47,574 4.13 46,408 6.30 0.3600
2019-11-14 2019-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,152,826 2,276 0.20 43,657 2.30 0.3601
2019-08-14 2019-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,150,550 36,975 3.32 42,674 5.74 0.3997
2019-05-15 2019-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 1,113,575 278,123 33.29 40,356 55.27 0.3967
2019-02-14 2018-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 835,452 -7,058 -0.84 25,991 -15.13 0.2863
2018-11-14 2018-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 842,510 233,624 38.37 30,625 38.18 0.2779
2018-08-14 2018-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 608,886 589,971 3,119.06 22,163 3,222.79 0.2075
2018-05-15 2018-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 18,915 0 0.00 667 1.52 0.0065
2018-02-14 2017-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 18,915 -537 -2.76 657 -9.13 0.0061
2017-11-14 2017-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 19,452 -463 -2.32 723 -7.43 0.0072
2017-08-14 2017-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 19,915 2,850 16.70 781 8.32 0.0084
2017-05-15 2017-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 17,065 0 0.00 721 -8.62 0.0077
2017-02-14 2016-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 17,065 -1,100 -6.06 789 15.35 0.0088
2016-11-14 2016-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 18,165 0 0.00 684 0.44 0.0082
2016-08-15 2016-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 18,165 -2,669 -12.81 681 -10.98 0.0087
2016-05-16 2016-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 20,834 4,956 31.21 765 30.32 0.0105
2016-02-16 2015-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 15,878 6,469 68.75 587 64.43 0.0081
2015-11-16 2015-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 9,409 -6,749 -41.77 357 -45.08 0.0054
2015-08-14 2015-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 16,158 6,399 65.57 650 77.11 0.0087
2015-05-15 2015-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 9,759 -450 -4.41 367 -3.93 0.0052
2015-02-17 2014-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 10,209 0 0.00 382 20.89 0.0055
2014-11-14 2014-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 10,209 0 0.00 316 -4.24 0.0049
2014-08-14 2014-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 10,209 -3,118 -23.40 330 -19.12 0.0049
2014-05-15 2014-03-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 13,327 0 0.00 408 -2.63 0.0065
2014-02-14 2013-12-31 13F UNITED BANKSHARES INC WEST VA COM 909907107 13,327 3,118 30.54 419 41.55 0.0069
2013-11-14 2013-09-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 10,209 -700 -6.42 296 2.42 0.0057
2013-08-14 2013-06-30 13F UNITED BANKSHARES INC WEST VA COM 909907107 10,909 10,909 289 0.0061
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.