Pacer Advisors Inc. reduced its stake in United Airlines Holdings Inc. (UAL) by 36.5% during the third quarter. The investment firm sold 1,927,735 shares of the airline.
The reduction was detailed in a recent 13F filing with the SEC, which offers insight into institutional sentiment. Following the sale, Pacer Advisors still owns over 3.35 million shares of UAL, a stake constituting about 1.04% of the company.
Separately, United Airlines stock pointed lower in pre-market trading on December 26, 2025, mirroring movement among airline peers. No other major company-specific announcements were made on this date.
News reports attributed the decline to the threat of flight disruptions caused by a storm. This movement occurred despite forecasts predicting record passenger numbers during the holiday season.