Capital International Investors Discloses 9.9% Stake in United Airlines

TL;DR

**Big investor Capital International just revealed a 9.9% stake in United Airlines.**

AI Summary

Capital International Investors, a major investment firm, reported on February 9, 2024, that as of December 29, 2023, they beneficially own 32,869,320 shares of United Airlines Holdings, Inc. (UAL) Common Stock. This represents a 9.9% ownership stake in the airline. This filing is important for investors because it reveals a significant institutional investor's substantial position in UAL, indicating their confidence in the company's future prospects.

Why It Matters

A large institutional investment firm holding a significant stake suggests a vote of confidence in United Airlines' long-term value, which can positively influence other investors' perceptions.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investment, generally seen as a positive signal rather than a risk.

Analyst Insight

A smart investor would view this as a positive signal, potentially researching United Airlines' fundamentals to see if the institutional confidence aligns with their own investment thesis, and consider adding UAL to their watchlist or portfolio.

Key Numbers

• 32,869,320 — Shares Owned (Total shares of United Airlines Holdings, Inc. beneficially owned by Capital International Investors.)
• 9.9% — Ownership Percentage (The percentage of United Airlines Holdings, Inc. common stock owned by Capital International Investors.)
• December 29, 2023 — Date of Event (The date that triggered the requirement for this SC 13G filing.)
• February 9, 2024 — Filing Date (The date this SC 13G filing was submitted to the SEC.)

Key Players & Entities

• Capital International Investors (company) — the reporting person and beneficial owner
• United Airlines Holdings, Inc. (company) — the subject company (issuer)
• 32,869,320 (dollar_amount) — shares beneficially owned
• 9.9% (dollar_amount) — percentage of class owned

Forward-Looking Statements

• Other institutional investors may increase their positions in UAL, following Capital International Investors' lead. (UAL) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G) — 16KB
• 0001422848-24-000182.txt ( ) — 18KB

From the Filing

SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * United Airlines Holdings, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 910047109 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 910047109 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital International Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 18,490,770 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 18,506,587 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,506,587 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.6% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer United Airlines Holdings, Inc. (b) Address of Issuer's Principal Executive Offices 233 South Wacker Drive, Chicago, IL 60606 Item 2. (a) Name of Person Filing Capital International Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 910047109 Item 3. If This Statement is Filed Pursuant to Rule 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. 78o). (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 Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association 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) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 18,506,587 ** (b) Percent of Class: 5.6% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 18,490,770 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 18,506,587 (iv) shared power to dispose or to direct the disposition of 0 **Capital International Investors ("CII") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 18,506,587 shares or 5.6% of the 328,016,915 shares believed to be outstanding. 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 bene

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