Abc Arbitrage 13F: New $5.3M Stake in United Airlines (UAL)

Abc Arbitrage opened a brand-new position in United Airlines Holdings, Inc. UAL, purchasing 47,517 shares valued at roughly $5.27 million, according to a Form 13F filing with the SEC on October 23, 2026. The fund did not previously hold shares in the airline, making this a fresh bet on the carrier.

UAL United Airlines Holdings, Inc.

$98.34 ▼ -12.98% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Abc Arbitrage's United Airlines Position

The newly reported stake consists of 47,517 shares with a reported value of $5,272,011. Because this is a brand-new holding, the fund had zero shares prior to this filing. United Airlines closed at $97.93 on the filing date.

Other Institutional Activity in United Airlines

Other large money managers adjusted their holdings in United Airlines during the period. Primecap Management Company grew its holdings by 710,381 shares, ending with 16,461,630 shares worth about $1.61 billion following a 4.5% increase. Sanders Capital, LLC reduced its stake by 176,370 shares, finishing with 15,027,948 shares valued at roughly $1.47 billion after a 1.2% decrease. Capital International Investors trimmed its position by 191,225 shares, leaving it with 6,247,343 shares worth about $611.8 million following a 3.0% drop.

United Airlines Holdings, Inc. Stock Down 3.7%

United Airlines shares recently traded around $97.93 as of October 24, 2026, matching the closing price of $97.93 on October 23. The stock sits below its 50-day moving average of $109.73 and below its 200-day moving average of $108.42. The share price rests 29.4% below its 52-week high of $138.77 and 15.7% above its 52-week low of $84.64. The company carries a market capitalization of $33.11 billion and a P/E ratio of 9.34.

Recent Earnings

For its trailing twelve months, United Airlines generated $65.55 billion in revenue and reported earnings of $10.92 per share. The company posted a net profit margin of 5.5% and a return on equity of 22.3%. Year-over-year revenue grew by 17.4%. The next quarterly earnings release is scheduled for January 26, 2027.

Insider Buying and Selling at United Airlines Holdings, Inc.

Company insiders completed several transactions in the months leading up to the filing. On July 28, 2026, officer Andrew P Nocella sold 4,200 shares at $120.48 for a total value of $506,016. On August 3, 2026, Chief Financial Officer Michael D. Leskinen sold 10,000 shares at $128.19, totaling $1,281,900. On August 4, 2026, Andrew P Nocella sold another 3,000 shares at $132.30 worth $396,900. Later, on August 25, 2026, Andrew P Nocella sold 5,000 shares at $117.00 for a total of $585,000.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock in October 2026. On October 16, UBS maintained its Buy rating while lowering its target from $146.00 to $139.00. On October 22, BMO Capital maintained an Outperform rating and adjusted its target from $140.00 to $135.00. Wells Fargo maintained an Overweight rating on October 22, moving its target from $160.00 to $155.00. On the same day, Argus Research kept a Buy rating while cutting its target from $140.00 to $125.00. Susquehanna also maintained a Positive rating on October 22, lowering its target from $150.00 to $130.00. Overall, the stock holds a consensus recommendation of strong buy from 23 analysts, with a mean price target of $150.13.

About United Airlines

United Airlines Holdings, Inc., headquartered in Chicago, operates a major global airline network transporting passengers and cargo across domestic and international routes. Through its mainline and regional fleets, the carrier connects major hubs in North America with destinations in the Atlantic, Pacific, and Latin America. The business also provides ground handling, maintenance services, and flight training.

Bottom Line

Abc Arbitrage joins a group of institutional investors holding a position in United Airlines as the stock trades below its moving averages. Market participants will monitor the company's financial results when it reports earnings on January 26, 2027.