Vanguard Capital Management LLC Acquires 7.3% Stake in United Airlines Holdings Inc

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 7.3% ownership stake in United Airlines Holdings Inc (UAL). As of the event date on March 31, 2026, the investment adviser beneficially owns 23,635,255 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 23,635,255 shares, while possessing sole voting power over 2,649,309 shares. This position represents a significant increase from a previously reported 0.0% holding, establishing Vanguard as a major institutional shareholder. The filing includes holdings across various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. Per the 13G certification, these securities were acquired in the ordinary course of business and are not held with the intent to influence or change the control of the issuer. The reported value of the position is approximately $2.19 billion based on the filing data.