PRIMECAP Management Amends UAL Stake, Signals Continued Investment

TL;DR

**PRIMECAP Management still owns UAL shares, signaling ongoing institutional confidence.**

AI Summary

PRIMECAP Management Company, an investment firm, filed an amended Schedule 13G/A on February 12, 2024, indicating its ownership of United Airlines Holdings, Inc. (UAL) shares as of December 31, 2023. This filing is an amendment (Amendment No. 10), suggesting a change in their previously reported holdings. While the exact percentage or number of shares isn't detailed in the provided snippet, the filing confirms PRIMECAP's continued significant, though passive, investment in United Airlines. This matters to investors as it shows a major institutional investor maintains a position in UAL, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms a major institutional investor, PRIMECAP Management Company, continues to hold a significant stake in United Airlines, which can influence market perception and investor confidence.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a passive stake and not an event that typically introduces high risk.

Analyst Insight

Investors should note that a major institutional investor like PRIMECAP Management Company maintains a position in UAL, which could be a positive signal, but should conduct further research into PRIMECAP's investment thesis and UAL's fundamentals before making investment decisions.

Key Numbers

• 10 — Amendment Number (This is the tenth amendment to PRIMECAP's Schedule 13G filing for UAL, indicating ongoing adjustments to their reported holdings.)
• 910047109 — CUSIP Number (Identifies the specific class of securities (Common Stock) of United Airlines Holdings, Inc. being reported.)

Key Players & Entities

• PRIMECAP Management Company (company) — the reporting person and institutional investor
• United Airlines Holdings, Inc. (company) — the subject company (issuer) of the securities
• December 31, 2023 (date) — the date of the event requiring the filing
• February 12, 2024 (date) — the filing date of the SC 13G/A
• 910047109 (number) — the CUSIP number for United Airlines Holdings, Inc. securities

Forward-Looking Statements

• PRIMECAP Management Company will continue to hold a significant, passive stake in United Airlines Holdings, Inc. throughout 2024. (PRIMECAP Management Company) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• uala10_21224.htm (SC 13G/A) — 25KB
• 0001085146-24-001095.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: United Airlines Holdings, Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 233 South Wacker Drive, Chicago, IL 60606

(a)

ITEM 2(a). NAME OF PERSON FILING: PRIMECAP Management Company

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 177 E. Colorado Blvd., 11th Floor, Pasadena, CA 91105

(c)

ITEM 2(c). CITIZENSHIP: U.S.A.

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: COM

(e)

ITEM 2(e). CUSIP NUMBER: 910047109 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 23,353,324 (b) Percent of class: 7.12% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 22,919,012 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 23,353,324 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securi

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View this SC 13G/A filing on SEC EDGAR