United Airlines Holdings, Inc.

Fundamental diversified ★Signal industrials specialist (100%) CIK 100517

Long book

$210.5M

Q1 2026

Positions

Top-10 weight

100%

concentration

Last quarter

+17.4%

SPY +14.8%

Turnover

of book per quarter

Strategy in plain words

auto-generated from filings

United Airlines Holdings, Inc. is a diversified fundamental manager, specialised in industrials (100% of the long book), running a $210.5M US long book across 3 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: REPUBLIC AIRWAYS HOLDINGS IN, ARCHER AVIATION INC-A, EVE HOLDING INC.

We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options

Fund long book S&P 500

Q4 2025

-8.6%

Q1 2026

+17.4%

Sector allocation

Industrials

100%

Long book by quarter

$176.7M

Q4 2025

$210.5M

Q1 2026

What does United Airlines own?

Q1 2026 13F

Company	Sector	Shares	Value	% of book	Change
RJET REPUBLIC AIRWAYS HOLDINGS IN	Industrials	10.5M	$187.6M	89.1%	+35.4%
ACHR ARCHER AVIATION INC-A	Industrials	3.2M	$16.4M	7.8%	Held
EVEX EVE HOLDING INC	Industrials	2.7M	$6.6M	3.1%	Held

13F filing history

Period	Form	Filed	Entries	Reported value	Flags	Source
Q1 2026	13F-HR	May 15, 2026	3	$210.5M	canonical	SEC ↗
Q4 2025	13F-HR	Feb 17, 2026	3	$176.7M	canonical	SEC ↗

United Airlines Holdings, Inc.

Strategy in plain words

Implied long-book return vs S&P 500

Sector allocation

Long book by quarter

What does United Airlines own?

13F filing history

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