Vanguard Trims United Airlines Stake to 10.9%

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

Sentiment: neutral

Topics: institutional-ownership, amendment, airline-industry

TL;DR

**Vanguard cut its UAL stake to 10.9% as of Dec 29, 2023.**

AI Summary

The Vanguard Group, Inc. filed an amended SC 13G/A on February 13, 2024, indicating a change in their ownership of United Airlines Holdings Inc. common stock. As of December 29, 2023, Vanguard beneficially owns 36,047,973 shares, representing 10.9% of the airline's outstanding common stock. This filing shows a slight decrease in their reported stake from previous filings, which could signal a minor shift in institutional confidence or portfolio rebalancing for United Airlines investors.

Why It Matters

This filing shows a major institutional investor, Vanguard, slightly reducing its stake in United Airlines, which could influence other investors' perceptions of the stock's future performance.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically doesn't pose a significant immediate risk to the stock.

Analyst Insight

A smart investor would note Vanguard's slight reduction in United Airlines shares, but recognize that a 10.9% stake still signifies strong long-term institutional confidence, prompting further research into UAL's fundamentals rather than an immediate reaction.

Key Numbers

36,047,973 — Shares Beneficially Owned (This is the total number of United Airlines common stock shares Vanguard holds.)
10.9% — Percentage of Class (This represents Vanguard's ownership stake in United Airlines, indicating a significant institutional holding.)
December 29, 2023 — Event Date (This is the snapshot date for the ownership data reported in the filing.)

Key Players & Entities

Vanguard Group Inc (company) — the reporting person who filed the SC 13G/A
United Airlines Holdings, Inc. (company) — the subject company whose securities are being reported
36,047,973 (dollar_amount) — the number of shares beneficially owned by Vanguard
10.9% (dollar_amount) — the percentage of United Airlines' class of securities owned by Vanguard
December 29, 2023 (date) — the date of the event which required the filing

Forward-Looking Statements

Vanguard will continue to be a major institutional holder of United Airlines stock. (Vanguard Group Inc) — high confidence, target: 2025-12-31
The slight reduction in Vanguard's stake will not significantly impact United Airlines' stock price in the short term. (United Airlines Holdings, Inc.) — medium confidence, target: 2024-05-13

FAQ

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

The reporting person is The Vanguard Group, Inc., as stated in the 'NAME OF REPORTING PERSON' section of the filing.

What is the subject company whose securities are being reported?

The subject company is United Airlines Holdings Inc, as identified under 'Name of issuer' in the Schedule 13G.

How many shares of United Airlines Holdings Inc. common stock does Vanguard beneficially own as per this filing?

Vanguard beneficially owns 36,047,973 shares of Common Stock, as indicated in the filing.

What percentage of United Airlines Holdings Inc.'s common stock does Vanguard own?

Vanguard owns 10.9% of United Airlines Holdings Inc.'s Common Stock, as reported in the filing.

What was the date of the event that required this Schedule 13G/A filing?

The date of the event which required the filing of this statement was December 29, 2023, according to the filing.

From the Filing

0001104659-24-022174.txt : 20240213 0001104659-24-022174.hdr.sgml : 20240213 20240213171559 ACCESSION NUMBER: 0001104659-24-022174 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629741 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv02152-unitedairlinesholdin.htm SCHEDULE 13G/A unitedairlinesholdingsinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  United Airlines Holdings Inc Title of Class of Securities:  Common Stock CUSIP Number:  910047109 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 the Notes). (Continued on the following page(s))     13G CUSIP No.:  910047109 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 276,619 7.  SOLE DISPOSITIVE POWER 36,086,062 8.  SHARED DISPOSITIVE POWER 938,752 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,024,814 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.29% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: United Airlines Holdings Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 233 South Wack