Delta Air Lines Inc /de/ ownership in UP / Wheels Up Experience Inc.

휠스업 익스피리언스(Wheels Up Experience Inc.)

US ˙ NYSE ˙ US96328L1061

Security	UP / Wheels Up Experience Inc.
Institution	Delta Air Lines Inc /de/
Latest Disclosed Ownership	13,168,465 shares
Ownership	36.30%

2026-06-02 - Delta Air Lines Inc /de/ has filed an SCHEDULE 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 13,168,465 shares of Wheels Up Experience Inc. (US:UP). This represents 36.3 percent ownership of the company. In their previous filing dated 2024-11-14 , Delta Air Lines Inc /de/ had reported owning 263,369,307 shares, indicating a decrease of -95.00 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2026-06-02	2026-06-02	13D/A	263,369,307	13,168,465	-95.00	36.30	-3.71
2024-11-14	2024-11-14	13D/A	263,369,307	263,369,307	0.00	37.70	-0.26
2024-09-24	2024-09-24	13D/A	263,369,307	263,369,307	0.00	37.80	0.00
2023-11-17	2023-11-17	13D/A	65,763,101	263,369,307	300.48	37.80	-4.06
2023-09-22	2023-09-22	13D/A	5,200,099	65,763,101	1,164.65	39.40	92.20
2023-08-29	2023-08-29	13D/A	5,200,099	5,200,099	0.00	20.50	0.00
2023-08-15	2023-08-15	13D/A	52,000,995	5,200,099	-90.00	20.50	-3.30
2021-07-22	2021-07-22	13D		52,000,995		21.20

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	136,162	-21.19	36.0465
2026-02-13	2025-12-31	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	172,770	-64.35	39.0062
2025-11-14	2025-09-30	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	484,600	71.96	73.1081
2025-08-08	2025-06-30	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	281,805	5.94	70.7481
2025-05-09	2025-03-31	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	266,003	-38.79	80.0035
2025-02-11	2024-12-31	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	434,559	-31.82	82.8760
2024-12-03	2024-09-30	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	637,354	28.04	76.1115
2024-08-09	2024-06-30	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	497,768	-34.15	70.0008
2024-05-10	2024-03-31	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	0	0.00	755,870	-16.33	76.0673
2024-02-14	2023-12-31	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	263,369,307	197,606,206	300.48	903,357	563.60	78.5207
2023-11-14	2023-09-30	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	65,763,101	60,563,002	1,164.65	136,130	2,137.49	37.1570
2023-08-11	2023-06-30	13F	WHEELS UP EXPERIENCE	COM CL A	96328L205	5,200,099	5,200,099		6,084		1.9457

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.