Capital International Investors Discloses 9.9% Stake in United Airlines

Ticker: UAL · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, airline-industry

Related Tickers: UAL

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

Who is the reporting person in this SC 13G filing?

The reporting person is Capital International Investors, with a Central Index Key (CIK) of 0001562230, located at 333 South Hope Street, 55th FL, Los Angeles, CA 90071.

What is the subject company of this SC 13G filing?

The subject company is United Airlines Holdings, Inc., with a Central Index Key (CIK) of 0000100517, located at 233 South Wacker Drive, Chicago, IL 60606.

How many shares of United Airlines Holdings, Inc. Common Stock does Capital International Investors beneficially own?

Capital International Investors beneficially owns 32,869,320 shares of United Airlines Holdings, Inc. Common Stock, as reported in the filing.

What percentage of United Airlines Holdings, Inc.'s Common Stock does Capital International Investors own?

Capital International Investors owns 9.9% of the class of United Airlines Holdings, Inc.'s Common Stock.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as stated in the filing.

From the Filing

0001422848-24-000182.txt : 20240209 0001422848-24-000182.hdr.sgml : 20240209 20240209180554 ACCESSION NUMBER: 0001422848-24-000182 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: United Airlines Holdings, Inc. CENTRAL INDEX KEY: 0000100517 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 362675207 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-17506 FILM NUMBER: 24616641 BUSINESS ADDRESS: STREET 1: E. ANNA HA - WHQLD STREET 2: 233 SOUTH WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 872-825-4000 MAIL ADDRESS: STREET 1: E. ANNA HA - WHQLD STREET 2: 233 SOUTH WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: United Continental Holdings, Inc. DATE OF NAME CHANGE: 20100930 FORMER COMPANY: FORMER CONFORMED NAME: UAL CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ALLEGIS CORP DATE OF NAME CHANGE: 19880613 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital International Investors CENTRAL INDEX KEY: 0001562230 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: Capital Research & Management Co - Division 3 DATE OF NAME CHANGE: 20121114 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 (