UP · Wheels Up Experience Inc. · Holdings

$3.07 +0.06 (+1.99%) At close · Oct 28 Q3 2024 earnings call transcript

Russell 2000 member Rebalance outlook locked

Market Cap

$109.92M

36.28M

Volume · Oct 28 93.99K Avg daily vol (3M) 106.14K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of UP: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 62

Total Value: $265,451,047

Total Shares: 29,624,963

Institutional Ownership Trend

24 quarters

Holder Concentration

Across 61 13F filers

Top Holder

44.4%

of institutional value

Top 5

95.2%

of institutional value

Top 10

98.3%

of institutional value

HHI

3,880

Highly concentrated

Who Holds UP

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 60 filers, like-for-like change +2.4%; actively managed books +3.2%; index-like books +173.7%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	50.6%	28	+2.0%	9	35
Bank	0.6%	10	+117.0%	1	2
Broker-dealer	0.0%	1	-78.7%	0	1
Non-US	0.0%	2	+25.4%	0	1
Holding company	1.4%	4	+477.0%	1	0
Benefit plan	0.0%	0	-100.0%	0	1
Exempt adviser	0.0%	0	—	0	0
Adviser	0.0%	0	—	0	0
Insurer	0.0%	0	—	0	0
Unknown	47.4%	15	-0.2%	7	15

Style	Share	Filers	Change	New	Exited
Index-like	3.2%	11	+173.7%	2	3
Systematic-like	0.1%	2	-29.3%	1	4
Concentrated	2.7%	10	-2.4%	2	20
Diversified active	5.6%	35	+6.9%	13	28
Unknown	88.4%	2	0.0%	0	0
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	90.8%	37	+1.9%	9	29
Medium turnover	7.7%	12	+1.6%	3	13
High turnover	0.1%	5	-62.1%	4	8
Unknown	1.4%	6	+81.1%	2	5
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	1.4%	8	+78.9%	5	6
Medium horizon	48.7%	10	+2.5%	3	10
Long horizon	45.4%	39	+1.8%	10	33
Unknown	4.5%	3	-6.2%	0	6
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	92.5%	17	+0.8%	5	15
$1B to $10B	3.8%	11	-9.1%	4	17
$10B to $100B	0.2%	10	+77.3%	4	11
$100B or more	3.5%	22	+117.6%	5	12
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.2%	12	-17.5%	2	27
Pooled investment vehicles	48.7%	6	+0.4%	2	2
Registered funds and BDCs	1.7%	5	+99.3%	1	2
Pension and profit sharing plans	0.0%	1	new	1	0
Insurance companies	0.0%	1	new	1	0
Governments and sovereign funds	0.0%	1	+10271.8%	0	0
Corporations	0.0%	1	+5200.0%	1	1
Other investment advisers	0.0%	0	-100.0%	0	2
Diversified	0.0%	1	-95.5%	1	1
Unknown	49.4%	32	+2.7%	9	20

Private funds	Share	Filers	Change	New	Exited
Hedge funds	4.9%	6	+4.2%	4	4
Private equity funds	43.7%	3	-0.1%	0	4
Other private funds	0.0%	1	+218.3%	0	2
No private funds	1.9%	18	+77.4%	5	23
Real estate funds	0.0%	0	-100.0%	0	1
Liquidity funds	0.0%	0	-100.0%	0	1
Private funds, type not stated	0.0%	0	—	0	0
Venture capital funds	0.0%	0	—	0	0
Mixed private funds	0.0%	0	—	0	0
Securitized asset funds	0.0%	0	—	0	0
Unknown	49.4%	32	+2.7%	9	20

Location	Share	Filers	Change	New	Exited
United States	99.6%	51	+2.2%	13	49
Outside the US	0.4%	9	+49.8%	5	6

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

60 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

5.00% of filers hold it in their top 10

Mar 31, 2026: 3

Holders above 5%

median weight 0.000%

Mar 31, 2026: 3

Crowding

39.7%

of shares outstanding, 92nd percentile

Mar 31, 2026: 39.7%

Private-fund advisers

39.7%

of shares outstanding

Institutional ownership

81.5%

130.6% of the estimated free float above 100%: filers can report lent or client shares more than once

Top 10 holders

98.6%

of 13F shares, Herfindahl 0.393

Active holders

+3.2%

like-for-like share change of active filers

5% stakes on record

3 13D, 0 13G

How long holders have held it value-weighted 14.8 quarters

Under 1 year 1.63% 1 to 3 years 8.83% 3 years or more 89.5% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$39.12

estimated per share

Mar 31, 2026: $1.97

Quarter-end price

$8.97

implied by 13F values

Estimated gain or loss

-77.1%

price against the estimated cost

Estimated at a loss

100.0%

of costed 13F value

Estimated cost covers 43.8% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies UP's active holders also own, quarter ended Mar 31, 2026

#	Company	Shared holders	Similarity
1	HOOD Robinhood Markets, Inc.	3	0.046
2	PLTR Palantir Technologies Inc.	7	0.042
3	AMD Advanced Micro Devices Inc	7	0.041
4	TSLA Tesla, Inc.	8	0.038
5	UPS United Parcel Service Inc	4	0.037
6	UNH Unitedhealth Group Inc	6	0.037
7	WMT Walmart Inc.	8	0.036
8	GS Goldman Sachs Group Inc	6	0.036
9	CAT Caterpillar Inc	7	0.035
10	JNJ Johnson & Johnson	8	0.035

Shareholder Targets

13F filers that own its peers but not UP, quarter ended Mar 31, 2026

Found through its holder-overlap peers: HOOD, PLTR, AMD, TSLA, UPS, UNH, WMT, GS, CAT, JNJ, GE, NVDA, XOM, AMZN, AAPL, JPM, HD, COST, CVX, IVZ. 7,118 filers in all.

#	Filer	In peers	Of book	Largest peers
1	FMR LLC Holding company, Diversified active	$431,566,965,978 20 held	22.8%	NVDA, AAPL, AMZN
2	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$356,471,865,115 20 held	18.6%	NVDA, AAPL, AMZN
3	PRICE T ROWE ASSOCIATES INC /MD/ Registered adviser, Diversified active	$207,913,056,798 20 held	24.1%	NVDA, AAPL, AMZN
4	BANK OF AMERICA CORP /DE/ Bank, Diversified active	$177,601,246,749 20 held	13.4%	NVDA, AAPL, JPM
5	Invesco Ltd. Adviser, Diversified active	$157,387,893,324 20 held	20.1%	NVDA, AAPL, AMZN
6	GOLDMAN SACHS GROUP INC Holding company, Index-like	$127,987,589,766 20 held	16.9%	NVDA, AAPL, AMZN
7	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Registered adviser, Index-like	$123,137,538,954 20 held	25.6%	NVDA, AAPL, AMZN
8	Capital Research Global Investors Adviser, Diversified active	$117,480,367,050 18 held	18.3%	NVDA, AMZN, AAPL
9	Legal & General Group Plc Unknown, Index-like	$111,772,516,852 20 held	25.8%	NVDA, AAPL, AMZN
10	Amundi Holding company, Diversified active	$93,785,425,481 20 held	25.5%	NVDA, AAPL, AMZN

Fund Ownership of UP by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 1.64% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.20%	+0.20 pp	73,827	23
Index ETFs	1.43%	+1.43 pp	519,282	11
Active ETFs	0.00%	0.00 pp	0	0
Active funds	0.05%	+0.04 pp	18,466	7
Unclassified	0.00%	0.00 pp	0	0
All registered funds	1.69%	+1.67 pp	611,575	41

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 29 Bank 10 Broker-dealer 1 Non-US 2 Holding company 4 Unknown 16

Showing 63 of 63

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

DELTA AIR LINES, INC.

$118,121,131

44.50%

13,168,465

Knighthead Capital Management, LLC

$115,788,886

43.62%

12,908,460

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Knighthead GP, LLC joint	12,908,460	$115,788,886	100.0%	Defined

WHITEBOX ADVISORS LLC

$9,163,725

3.45%

1,021,597

Kore Advisors LP

$6,908,972

2.60%

770,231

BlackRock, Inc.

$3,508,962

1.32%

391,189

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	381	$3,417	0.1%	Sole
BlackRock Investment Management, LLC	21,687	$194,532	5.5%	Sole
BLACKROCK ADVISORS LLC	2,687	$24,102	0.7%	Sole
BlackRock Fund Advisors	223,079	$2,001,018	57.0%	Sole
BlackRock Institutional Trust Company, N.A.	138,976	$1,246,614	35.5%	Sole
Aperio Group, LLC	4,379	$39,279	1.1%	Sole

MASTERS CAPITAL MANAGEMENT LLC

$2,691,000

1.01%

300,000

VANGUARD CAPITAL MANAGEMENT LLC

$1,959,756

0.74%

218,479

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$1,315,899

0.50%

146,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	146,700	$1,315,899	100.0%	Other

GEODE CAPITAL MANAGEMENT, LLC

$1,123,725

0.42%

125,276

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	18,110	$162,446	14.5%	Defined
Held directly	107,166	$961,279	85.5%	Defined

Militia Capital Management LLC

$1,042,592

0.39%

116,231

UBS Group AG

$815,694

0.31%

90,936

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	25	$224	0.0%	Defined
UBS AG	78,489	$704,046	86.3%	Defined
UBS Switzerland AG	684	$6,135	0.8%	Defined
UBS Securities LLC	11,738	$105,289	12.9%	Defined

STATE STREET CORP

$375,008

0.14%

41,807

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS TRUST COMPANY	41,807	$375,008	100.0%	Defined

NORTHERN TRUST CORP

$366,119

0.14%

40,816

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	39,987	$358,683	98.0%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	829	$7,436	2.0%	Other

VANGUARD PORTFOLIO MANAGEMENT LLC

$324,642

0.12%

36,192

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$318,282

0.12%

35,483

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$296,907

0.11%

33,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	33,100	$296,907	100.0%	Other

VANGUARD FIDUCIARY TRUST CO

$296,610

0.11%

33,067

IEQ CAPITAL, LLC

$269,100

0.10%

30,000

GSA CAPITAL PARTNERS LLP

$169,739

0.06%

18,923

NEW YORK STATE COMMON RETIREMENT FUND

$98,670

0.04%

11,000

INSTRUMENTAL WEALTH, LLC

$95,666

0.04%

29,710

MORGAN STANLEY

$80,359

0.03%

8,959

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO. LLC	1,804	$16,181	20.1%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	4,308	$38,642	48.1%	Defined
MORGAN STANLEY SMITH BARNEY LLC	744	$6,673	8.3%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	2,103	$18,863	23.5%	Defined

WELLS FARGO & COMPANY/MN

$40,973

0.02%

4,568

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	4,558	$40,885	99.8%	Defined
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	5	$44	0.1%	Defined
WELLS FARGO CLEARING SERVICES, LLC	5	$44	0.1%	Defined

ANCHYRA PARTNERS LLC

$36,311

0.01%

11,277

RHUMBLINE ADVISERS

$36,283

0.01%

4,045

GROUP ONE TRADING LLC

$29,322

0.01%

3,269

CITIGROUP INC

$22,594

0.01%

2,519

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	2,519	$22,594	100.0%	Defined

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$22,469

0.01%

2,505

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	2,505	$22,469	100.0%	Defined

JPMORGAN CHASE & CO

$21,221

0.01%

2,366

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	2,256	$20,236	95.4%	Defined
J.P. Morgan Investment Management Inc.	107	$959	4.5%	Defined
J.P. Morgan Securities plc	3	$26	0.1%	Defined

State of Wyoming

$20,620

0.01%

6,404

Vanguard Global Advisers, LLC

$15,437

0.01%

1,721

BARCLAYS PLC

$12,082

0.00%

1,347

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	794	$7,122	58.9%	Defined
BARCLAYS CAPITAL INC.	553	$4,960	41.1%	Defined

BNP PARIBAS ARBITRAGE, SA

$9,768

0.00%

1,089

Legal & General Group Plc

$6,314

0.00%

704

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	704	$6,314	100.0%	Defined

ROYAL BANK OF CANADA

$5,839

0.00%

651

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC CMA LTD.	186	$1,668	28.6%	Defined
RBC Capital Markets, LLC	465	$4,171	71.4%	Defined

OSAIC HOLDINGS, INC.

$5,390

0.00%

601

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	433	$3,884	72.1%	Defined
Osaic Advisory Services, LLC	168	$1,506	27.9%	Defined

BROWN BROTHERS HARRIMAN & CO

$4,637

0.00%

517

Ameritas Investment Partners, Inc.

$4,431

0.00%

494

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EATON VANCE MANAGEMENT	494	$4,431	100.0%	Other

Russell Investments Group, Ltd.

$3,884

0.00%

433

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	433	$3,884	100.0%	Defined

Farther Finance Advisors, LLC

$2,930

0.00%

910

JONES FINANCIAL COMPANIES LLLP

$2,924

0.00%

326

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	326	$2,924	100.0%	Sole

Tower Research Capital LLC (TRC)

$2,771

0.00%

309

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	309	$2,771	100.0%	Defined

SWAN Capital LLC

$2,691

0.00%

300

HARBOUR INVESTMENTS, INC.

$2,305

0.00%

257

Quarry LP

$1,901

0.00%

212

GAMMA Investing LLC

$1,204

0.00%

374

SBI Securities Co., Ltd.

$998

0.00%

310

SJS Investment Consulting Inc.

$924

0.00%

287

Avion Wealth

$897

0.00%

100

FMR LLC

$726

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	81	$726	100.0%	Defined

GABLES CAPITAL MANAGEMENT INC.

$475

0.00%

Sterling Capital Management LLC

$341

0.00%

106

WPG Advisers, LLC

$235

0.00%

NewEdge Advisors, LLC

$224

0.00%

IFP Advisors, Inc

$196

0.00%

Global Retirement Partners, LLC

$134

0.00%

Investors Research Corp

$64

0.00%

Caitong International Asset Management Co., Ltd

$35

0.00%

Kilter Group LLC

$17

0.00%

Essential Partners LLC

$12

0.00%

Federation des caisses Desjardins du Quebec

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Desjardins Securities inc.	1	$8	100.0%	Defined

Bogart Wealth, LLC

0.00%

FIFTH THIRD BANCORP

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	1	$8	100.0%	Defined

Key facts CIK 1819516 CUSIP 96328L304 13F (30d) 12 filings 12 filers Visit website Investor relations