Hudson Bay Capital Management LP
Position in UAL — United Airlines Holdings, Inc.
CIK 1393825
STAMFORD, CT
Position in UAL
as of Mar 31, 2026
· filed May 13, 2026
Position Value
$36,501,979
-$10,369,498 QoQ
Shares Held
396,459
-5.4% QoQ
Ownership
0.122%
of shares outstanding
% of Portfolio
0.25%
of 13F equity value
Holder Rank
—
not a current holder
Holding Since
Mar 2023
11 quarters on record
Voting authority
Sole 100.ToString("F0")%
Shared 0.ToString("F0")%
None 0.ToString("F0")%
Common Shares in UAL Over Time
Shares Held
Position Value (USD)
Derivatives in UAL
reported options exposure · as of Mar 31, 2024CallValue
$2,394,000
CallShares
50,000
PutValue
$1,915,200
PutShares
40,000
Notional value of option positions as reported on Form 13F. Calls and puts are disclosed separately and do not net against the common-share stake above.
Position in Airlines
Industrials · as of Mar 31, 2026Hudson Bay Capital Management LP holds $46,260,669 across 8 Airlines names. UAL ranks #1 (78.9% of the industry book) .
| # | Ticker | Company | Shares | Value (USD) | Open |
|---|---|---|---|---|---|
| 1 | UAL |
United Airlines Holdings, Inc.
This page
|
396,459 | $36,501,979 | |
| 2 | SRFM |
Surf Air Mobility Inc.
|
3,510,638 | $4,037,233 | |
| 3 | ALGT |
Allegiant Travel CO
|
39,488 | $3,200,107 | |
| 4 | AAL |
American Airlines Group Inc.
|
116,922 | $1,255,742 | |
| 5 | ALK |
Alaska Air Group, Inc.
|
18,000 | $662,040 | |
| 6 | AERO |
Grupo Aeromexico, S.A.B. de C.V.
|
25,000 | $350,250 | |
| 7 | RJET |
Republic Airways Holdings Inc.
|
11,386 | $203,581 | |
| 8 | ULCC |
Frontier Group Holdings, Inc.
|
14,090 | $49,737 |
All Filings in UAL
Export CSV
15 filing rows on record
| Report Date | Value (USD) | Shares | Type | Discretion | Filed | |
|---|---|---|---|---|---|---|
| 2026-03-31 | $36,501,979 | 396,459 | Shares | Sole | 2026-05-13 | |
| 2025-12-31 | $46,871,477 | 419,169 | Shares | Sole | 2026-02-13 | |
| 2025-09-30 | $41,072,619 | 425,623 | Shares | Sole | 2025-12-15 | |
| 2025-06-30 | $37,885,644 | 475,771 | Shares | Sole | 2025-08-18 | |
| 2025-03-31 | $6,653,312 | 96,355 | Shares | Sole | 2025-05-14 | |
| 2024-12-31 | $3,292,563 | 33,909 | Shares | Sole | 2025-02-14 | |
| 2024-09-30 | $2,789,663 | 48,890 | Shares | Sole | 2024-11-13 | |
| 2024-06-30 | $3,838,787 | 78,890 | Shares | Sole | 2024-08-14 | |
| 2024-03-31 | $2,394,000 | 50,000 | Call | Sole | 2024-05-15 | |
| 2024-03-31 | $1,915,200 | 40,000 | Put | Sole | 2024-05-15 | |
| 2024-03-31 | $3,351,600 | 70,000 | Shares | Sole | 2024-05-15 | |
| 2023-09-30 | $1,692,000 | 40,000 | Call | Sole | 2023-12-07 | |
| 2023-09-30 | $12,695,414 | 300,128 | Shares | Sole | 2023-12-07 | |
| 2023-09-30 | $12,690,000 | 300,000 | Put | Sole | 2023-12-07 | |
| 2023-03-31 | $575,250 | 13,000 | Shares | Sole | 2023-05-16 | |
| No filing history on record for this holder in this stock. | ||||||