Wheels Up Experience Inc.: shareholders and insiders

UPNYSEIndustrials · Air Transportation, Nonscheduled

Price

$2.27

November 13, 2026Market cap $82M

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What Ploutos Investor adds for Wheels Up Experience

Part of Ploutos Investor, €9.99 a month

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The full history: 7 fiscal years, from 2019
The estimated fair value, with its range and its certainty
The full analysis, 18 a month
More questions to the chat on its filings
Excel with every year
An email when it reports, changes its dividend or an officer buys

Notes on these figures

The share price has fallen 21% since Nov 5, 2026, when the 10-Q these figures come from was filed ($2.86 then, $2.27 on Nov 13, 2026). The figures date from before that move.10-Q
The interest the company pays is far more than the debt we can read would cost, so part of its borrowing is missing from the figures. We leave out the debt, net cash, enterprise value and the multiples built on them.
A figure that did not match the numbers it is built from has been left out.

Insiders and their shares

Purchases and sales by officers and directors, from their own Form 4 filings.

Reading the newest filings from the SEC. This part fills in on its own in a few seconds.

Major holders (over 5%)

Whoever comes to own more than 5% of a class of shares reports it to the SEC on Schedule 13D or 13G. Here is each holder's latest filing.

1 Holders over 5%1 On a 13DNov 5, 2026 Latest filing

Delta Air Lines, Inc.Class A Common Stock, par value $0.0001 per share
Share of class36.2%

Holder	Kind of stake	Share of class	Shares	Filed	Filing
Delta Air Lines, Inc.Class A Common Stock, par value $0.0001 per share		36.2%	13.17M	Nov 5, 20262 filings since Jun 2, 2026	13D/A

What the holders on a 13D state as their purpose

From Item 4 of the filing, in the holder's own words. It is the intention the holder states, not something that happened.

Delta Air Lines, Inc.36.2%From the filing of Nov 5, 2026
Item 4 is hereby amended and supplemented by deleting the last paragraph of Item 4 of Amendment No. 7 and replacing it with the following: "Additional Revolving Credit Facility Provided by Delta As disclosed by the Issuer in a Current Report on Form 8-K filed by the Issuer with the SEC on November 5, 2026 (the "November 2026 Form 8-K"), the Issuer entered into Amendment No. 6 to the Credit Agreement (the "Credit Agreement Amendment No. 6"), dated as of November 4, 2026, by and among the Issuer, as borrower, the other loan parties party thereto, as guarantors, the Reporting Person and CK Wheels, as the Required Lenders and Lead Lenders (each as defined in the Credit Agreement), Cox, as a…
From the filing of Nov 5, 2026

Fell to 5% or less (2)

Holders whose latest filing says they hold 5% or less. After it they need not file again, so what they hold today is not known.

Whitebox Advisors2.80%Aug 14, 202613G/A
Kore Advisors LP2.12%Aug 13, 202613G/A

From the Schedule 13D and 13G filed with the SEC since Dec 18, 2024, when they became structured data. A holder who has filed nothing since then is not shown here. A 13D is updated within two business days of any material change, a 13G up to 45 days after the quarter of the change, so the shares are those of the filing. The large managers also appear in the 13Fs.

Well-known managers

Which of the about 30 investment managers we track held the shares at the quarter end, and what they changed from the quarter before.

No well-known manager

None of the managers we track held Wheels Up Experience shares in their latest 13F.

From the 13Fs managers file with the SEC up to 45 days after each quarter end. They show only long positions on that day, not short sales or what has changed since. No recent 13F: Pershing Square (Ackman), Scion (Burry).

Short interest

How many of the company's shares have been sold borrowed and not yet bought back, twice a month.

On Oct 15, 2026, 2.37% of its shares outstanding were held short, -7.6% since the report before.

Shares held short: 859.5K
: 2.37%
Since the report before930.5K on Sep 30, 2026: -7.6%
: 9.5
: 90.9K
More days to cover thanof 4,578 US-listed companies with enough volume: 89%
Report date: Oct 15, 2026

Oct 31, 2023: Shares held short 2.80M
Nov 15, 2023: Shares held short 3.05M
Nov 30, 2023: Shares held short 3.28M
Dec 15, 2023: Shares held short 3.90M
Dec 29, 2023: Shares held short 4.04M
Jan 12, 2024: Shares held short 3.15M
Jan 31, 2024: Shares held short 3.50M
Feb 15, 2024: Shares held short 4.02M
Feb 29, 2024: Shares held short 4.40M
Mar 15, 2024: Shares held short 5.57M
Mar 28, 2024: Shares held short 5.26M
Apr 15, 2024: Shares held short 6.05M
Apr 30, 2024: Shares held short 6.54M
May 15, 2024: Shares held short 7.66M
May 31, 2024: Shares held short 8.28M
Jun 14, 2024: Shares held short 8.51M
Jun 28, 2024: Shares held short 8.58M
Jul 15, 2024: Shares held short 8.56M
Jul 31, 2024: Shares held short 7.82M
Aug 15, 2024: Shares held short 9.94M
Aug 30, 2024: Shares held short 10.49M
Sep 13, 2024: Shares held short 10.78M
Sep 30, 2024: Shares held short 10.65M
Oct 15, 2024: Shares held short 11.39M
Oct 31, 2024: Shares held short 10.86M
Nov 15, 2024: Shares held short 10.77M
Nov 29, 2024: Shares held short 11.14M
Dec 13, 2024: Shares held short 10.41M
Dec 31, 2024: Shares held short 11.90M
Jan 15, 2025: Shares held short 12.28M
Jan 31, 2025: Shares held short 12.16M
Feb 14, 2025: Shares held short 12.06M
Feb 28, 2025: Shares held short 13.28M
Mar 14, 2025: Shares held short 14.36M
Mar 31, 2025: Shares held short 15.84M
Apr 15, 2025: Shares held short 16.79M
Apr 30, 2025: Shares held short 16.77M
May 15, 2025: Shares held short 16.74M
May 30, 2025: Shares held short 15.78M
Jun 13, 2025: Shares held short 15.92M
Jun 30, 2025: Shares held short 12.73M
Jul 15, 2025: Shares held short 10.16M
Jul 31, 2025: Shares held short 9.22M
Aug 15, 2025: Shares held short 8.43M
Aug 29, 2025: Shares held short 9.99M
Sep 15, 2025: Shares held short 11.07M
Sep 30, 2025: Shares held short 12.30M
Oct 15, 2025: Shares held short 11.25M
Oct 31, 2025: Shares held short 12.66M
Nov 14, 2025: Shares held short 12.20M
Nov 28, 2025: Shares held short 11.58M
Dec 15, 2025: Shares held short 12.65M
Dec 31, 2025: Shares held short 12.20M
Jan 15, 2026: Shares held short 14.34M
Jan 30, 2026: Shares held short 13.68M
Feb 13, 2026: Shares held short 13.29M
Feb 27, 2026: Shares held short 14.93M
Mar 13, 2026: Shares held short 16.91M
Mar 31, 2026: Shares held short 14.10M
Apr 15, 2026: Shares held short 15.39M
Apr 30, 2026: Shares held short 674.8K
May 15, 2026: Shares held short 864.0K
May 29, 2026: Shares held short 842.1K
Jun 15, 2026: Shares held short 772.4K
Jun 30, 2026: Shares held short 883.4K
Jul 15, 2026: Shares held short 928.9K
Jul 31, 2026: Shares held short 913.0K
Aug 14, 2026: Shares held short 929.0K
Aug 31, 2026: Shares held short 908.4K
Sep 15, 2026: Shares held short 952.0K
Sep 30, 2026: Shares held short 930.5K
Oct 15, 2026: Shares held short 859.5K

As brokers report them to the regulator twice a month, mid-month and at month end, published about eight business days later. A short position is shares sold borrowed and not yet bought back. The share count is the one the company's market value is figured on, from its filings. Days to cover is the shares held short over the average daily volume of the weeks between two reports.

Short sales in daily trading57.1% of the shares in the last 14 sessions' reported trades were short sales.

In the last 14 sessions, 57.1% of the shares in the reported trades were short sales, against 61.9% in the 14 before.

Last 14 sessionsOct 27, 2026 – Nov 13, 2026: 57.1%
The 14 beforeOct 7, 2026 – Oct 26, 2026: 61.9%
Change: -4.8 pts
Short sales a dayon average, of 46.9K shares: 26.8K
More than atof 3,649 US-listed companies, same days: 75%
Median of alleight in ten from 34.6% to 63.4%: 50.1%

This is not the number of shares sold short today: it measures short sales within each day's trading, and only trades made off the exchanges. Much of it is market makers, who sell shares they do not have to fill buyers' orders and cover soon after, so for a heavily traded stock the share is often around half.

The ETFs that hold it

Which of the 269 US equity ETFs we track hold the stock, and at what weight, from the funds' N-PORT filings.

6 ETFs holding it0.00% The largest weight (IWN)

IWNiShares Russell 2000 Value ETF
Weight in the fund0.00%
IWMiShares Russell 2000 ETF
Weight in the fund0.00%
VTWOVanguard Russell 2000 Index Fund
Weight in the fund0.00%
VXFVanguard Extended Market Index Fund
Weight in the fund0.00%
SCHASchwab U.S. Small-Cap ETF
Weight in the fund0.00%
VTIVanguard Total Stock Market Index Fund
Weight in the fund0.00%

ETF	Weight in the fund	Holdings as of
IWNiShares Russell 2000 Value ETF	0.00%	Jun 30, 2026
IWMiShares Russell 2000 ETF	0.00%	Jun 30, 2026
VTWOVanguard Russell 2000 Index Fund	0.00%	Aug 31, 2026
VXFVanguard Extended Market Index Fund	0.00%	Jun 30, 2026
SCHASchwab U.S. Small-Cap ETF	0.00%	Aug 31, 2026
VTIVanguard Total Stock Market Index Fund	0.00%	Jun 30, 2026

6 of the 269 ETFs we track, not of every ETF on the market. The ten largest weights. Positions as each fund filed them in its latest N-PORT.

Institutional investors by quarter

Every manager that reports positions to the SEC (Form 13F), quarter by quarter: how many hold the stock, how many shares and dollars between them, and who entered, left, added or trimmed during the quarter.

60 Managers, Q2 2026$264M Value of their positions

Institutional investors by quarter

The fund managers holding UP, quarter by quarter, from Q1 2021 to Q2 2025, 18 more quarters

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Q2 2026: 60 managers held 29.47M shares, worth $264M. During the quarter 57 opened a position, 0 closed one, 0 added and 0 trimmed.

The largest holders, Q2 2026

Delta Air Lines
In the quarter
Knighthead Capital Management
In the quarter
Whitebox Advisors
In the quarter
Kore Advisors
In the quarter
BlackRock
In the quarter
Masters Capital Management
In the quarter
Vanguard Capital Management
In the quarter
Geode Capital Management
In the quarter
Militia Capital Management
In the quarter
UBS Group
In the quarter

Manager	Shares	Value
Delta Air Lines	13.17M	$118M
Knighthead Capital Management	12.91M	$116M
Whitebox Advisors	1.02M	$9.2M
Kore Advisors	770.2K	$6.9M
BlackRock	391.2K	$3.5M
Masters Capital Management	300.0K	$2.7M
Vanguard Capital Management	218.5K	$2.0M
Geode Capital Management	125.3K	$1.1M
Militia Capital Management	116.2K	$1.0M
UBS Group	90.9K	$815.7K

From the SEC's Form 13F data sets, Q3 2025 to Q2 2026: the long positions of every manager with more than $100 million under management, as filed up to 45 days after each quarter end. Short positions and options are not in them. Shares as reported each quarter, not adjusted for splits. The stock is matched by its CUSIP, through the SEC's fails-to-deliver files.

Pay against performance, the say-on-pay vote, buybacks by quarter and trading plans are read for S&P 500 companies only.

The full analysis

What do Wheels Up Experience's filings show?

Who buys and sells is one part of Wheels Up Experience's picture. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

A fair value range built from the filings
Earnings quality, debt and red flags
Insider and institutional moves
The case for and the case against

Questions about UP's shareholders

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Is every insider transaction a purchase or a sale?

No. Many are part of their pay: share awards, option exercises and shares the company keeps for the tax. Only code P is a purchase with their own money, and code S a sale on the market.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

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The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.