PRIMECAP Management Amends UAL Stake, Signals Continued Investment

Ticker: UAL · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

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

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment (Amendment No. 10) to a Schedule 13G filing under the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is PRIMECAP Management Company, located at 177 East Colorado Blvd., 11th Floor, Pasadena, CA 91105.

What is the name of the issuer (subject company) for these securities?

The issuer is United Airlines Holdings, Inc., with a CIK of 0000100517 and a business address at 233 South Wacker Drive, Chicago, IL 60606.

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

The date of the event which requires filing of this statement was December 31, 2023.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.

From the Filing

0001085146-24-001095.txt : 20240212 0001085146-24-001095.hdr.sgml : 20240212 20240212160131 ACCESSION NUMBER: 0001085146-24-001095 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17506 FILM NUMBER: 24619779 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: PRIMECAP MANAGEMENT CO/CA/ CENTRAL INDEX KEY: 0000763212 ORGANIZATION NAME: IRS NUMBER: 953868081 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 177 EAST COLORADO BLVD. STREET 2: 11TH FLOOR CITY: PASADENA STATE: CA ZIP: 91105 BUSINESS PHONE: 6263049222 MAIL ADDRESS: STREET 1: 177 EAST COLORADO BLVD. STREET 2: 11TH FLOOR CITY: PASADENA STATE: CA ZIP: 91105 SC 13G/A 1 uala10_21224.htm PRIMECAP MANAGEMENT CO/CA/ uala10_21224.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 10)* United Airlines Holdings, Inc. (Name of Issuer) COM (Title of Class of Securities) 910047109 (CUSIP Number) December 31, 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 ("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 Instructions). CUSIP No.: 910047109 1 NAME OF REPORTING PERSON PRIMECAP Management Company I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 95-3868081 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION 177 E. Colorado Blvd., 11th Floor, Pasadena, CA 91105 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 22,919,012 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 23,353,324 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,353,324 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.12% 12 TYPE OF REPORTING PERSON IA CUSIP No.: 910047109 ITEM 1(a). NAME OF ISSUER: United Airlines Holdings, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 233 South Wacker Drive, Chicago, IL 60606 ITEM 2(a). NAME OF PERSON FILING: PRIMECAP Management Company ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 177 E. Colorado Blvd., 11th Floor, Pasadena, CA 91105 ITEM 2(c). CITIZENSHIP: U.S.A. ITEM 2(d). TITLE OF CLASS OF SECURITIES: COM ITEM 2(e). CUSIP NUMBER: 910047109 ITEM 3. IF THIS STATEMENT

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