
United Parcel Service, Inc.
- Growing?
- Yes: revenue up 7% on a year earlier (quarter ended Sep 2026); earnings per share down 20% over the last four quarters.
- Expensive?
- Pricier than usual: 21.2× trailing earnings; its five-year median is 15.5×. In line with the peer median of 24.9x.
- Analysts?
- 48% of 29 say buy; average 12-month target $115, 5% above today's price.
- Risky?
- About average for a large company: its price swung 30% over the past year (the S&P 500's 14%), and it fell as much as 64% since Nov 2021.
United Parcel Service, Inc. (UPS) provides time-definite parcel delivery, ground and air express transportation, and related logistics/supply chain services worldwide, monetized primarily through shipping charges and contract logistics fees.
More about United Parcel Service
Its core offerings include U.S. Domestic Package, International Package, and Supply Chain Solutions services, with pricing generally based on service level, package characteristics (e.g., weight/dimensions), and origin/destination.
Market Position
UPS is one of the largest global small-package carriers, competing primarily on network density, service reliability, and integrated technology (shipping, tracking, returns, billing) across a global delivery footprint.
Key Segments
UPS reports operating segments including U.S. Domestic Package, International Package, and Supply Chain Solutions (logistics and related services).
How has the stock done?
Over the past month UPS rose 15.8%; the industrials ETF (XLI) rose 0.2% and the S&P 500 fell 2.7%.
Over the past six months UPS rose 12.1%; the industrials ETF (XLI) fell 2.8% and the S&P 500 rose 2.6%.
Over the past year UPS rose 14.8%; the industrials ETF (XLI) rose 9.7% and the S&P 500 rose 10.8%.
Over five years UPS fell 48.2%; the industrials ETF (XLI) rose 58.5% and the S&P 500 rose 62.0%.
From Feb 2, 2022 to Sep 25, 2025, the deepest drop from a high since Nov 2021
How much the price swings in a year; the S&P 500's was 14%
When the S&P 500 moves 1%, the stock has moved about 0.8% the same way
Show the earnings releases
| Released | Quarter | Revenue | EPS vs estimate | Stock, day after | 5 days after |
|---|---|---|---|---|---|
| Oct 27, 2026 | ended Sep 2026 | $22.9B (+7% vs a year earlier) | $1.69 vs $1.62 (beat) | +5.3% | +8.8% |
| Jul 28, 2026 | ended Jun 2026 | $22.8B (+8% vs a year earlier) | $1.76 vs $1.66 (beat) | −7.4% | −3.4% |
| Apr 28, 2026 | ended Mar 2026 | $21.2B (−2% vs a year earlier) | $1.07 vs $1.02 (beat) | −1.5% | −9.4% |
| Jan 27, 2026 | ended Dec 2025 | $24.5B (−3% vs a year earlier) | $2.38 vs $2.20 (beat) | −3.1% | +4.6% |
| Oct 28, 2025 | ended Sep 2025 | $21.4B (−4% vs a year earlier) | — | +9.2% | +4.5% |
| Jul 29, 2025 | ended Jun 2025 | $21.2B (−3% vs a year earlier) | — | −14.2% | −14.6% |
| Apr 29, 2025 | ended Mar 2025 | $21.5B (−1% vs a year earlier) | — | −1.8% | −3.4% |
| Jan 30, 2025 | ended Dec 2024 | $25.3B (+2% vs a year earlier) | — | −14.6% | −15.2% |
| Oct 24, 2024 | ended Sep 2024 | $22.2B (+6% vs a year earlier) | — | +4.6% | +2.0% |
| Jul 23, 2024 | ended Jun 2024 | $21.8B (−1% vs a year earlier) | — | −11.5% | −11.1% |
| Apr 23, 2024 | ended Mar 2024 | $21.7B (−5% vs a year earlier) | — | +0.9% | +1.5% |
| Jan 30, 2024 | ended Dec 2023 | $24.9B (−8% vs a year earlier) | — | −10.2% | −7.7% |
| Oct 26, 2023 | ended Sep 2023 | $21.1B (−13% vs a year earlier) | — | −8.2% | −3.4% |
| Aug 8, 2023 | ended Jun 2023 | $22.1B (−11% vs a year earlier) | — | −1.5% | −4.9% |
| Apr 25, 2023 | ended Mar 2023 | $22.9B (−6% vs a year earlier) | — | −11.9% | −9.2% |
| Jan 31, 2023 | ended Dec 2022 | $27.0B (−3% vs a year earlier) | — | +4.5% | +6.4% |
| Oct 25, 2022 | ended Sep 2022 | $24.2B (+4% vs a year earlier) | — | +0.9% | −0.1% |
| Jul 26, 2022 | ended Jun 2022 | $24.8B (+6% vs a year earlier) | — | −2.1% | +3.0% |
| Apr 26, 2022 | ended Mar 2022 | $24.4B (+6% vs a year earlier) | — | −1.7% | −6.1% |
| Feb 1, 2022 | ended Dec 2021 | $27.8B (+12% vs a year earlier) | — | +14.8% | +11.4% |
Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.
Is the business growing?
Revenue was $22.9B in the quarter ended Sep 2026, up 7% from a year earlier.
Show the data
| Quarter ended | Revenue | vs a year earlier |
|---|---|---|
| Dec 2022 | $27.0B | −3% |
| Mar 2023 | $22.9B | −6% |
| Jun 2023 | $22.1B | −11% |
| Sep 2023 | $21.1B | −13% |
| Dec 2023 | $24.9B | −8% |
| Mar 2024 | $21.7B | −5% |
| Jun 2024 | $21.8B | −1% |
| Sep 2024 | $22.2B | +6% |
| Dec 2024 | $25.3B | +2% |
| Mar 2025 | $21.5B | −1% |
| Jun 2025 | $21.2B | −3% |
| Sep 2025 | $21.4B | −4% |
| Dec 2025 | $24.5B | −3% |
| Mar 2026 | $21.2B | −2% |
| Jun 2026 | $22.8B | +8% |
| Sep 2026 | $22.9B | +7% |
Revenue went from $100.3B in FY22 to $88.7B in FY25; net income from $11.5B to $5.6B.
Show the data
| Fiscal year | Revenue | Net income |
|---|---|---|
| FY22 | $100.3B | $11.5B |
| FY23 | $91.0B | $6.7B |
| FY24 | $91.1B | $5.8B |
| FY25 | $88.7B | $5.6B |
In the fiscal year to Dec 2025, United States was 76% and Outside the United States was 24% of revenue; Outside the United States rose from 21% in the fiscal year to Dec 2023.
Show the data
| Fiscal year | Part | Revenue | Share |
|---|---|---|---|
| FY2023 | United States | $71.7B | 79% |
| FY2023 | Outside the United States | $19.2B | 21% |
| FY2024 | United States | $70.4B | 77% |
| FY2024 | Outside the United States | $20.7B | 23% |
| FY2025 | United States | $67.4B | 76% |
| FY2025 | Outside the United States | $21.2B | 24% |
A year earlier $1.55
Diluted, from SEC filings
Quarters: United Parcel Service, Inc.'s SEC filings, named by the month they end. Fiscal years: United Parcel Service, Inc.'s annual reports to the SEC.
How it makes money
Of every $100 in revenue, $6.3 ends up as net income. Net margin fell from 11.5% to 6.3% over the past 3 years.
−2.9 pts over 3 years
−4.2 pts over 3 years
−5.2 pts over 3 years
Each margin is that line of the income statement divided by revenue. Fiscal year: United Parcel Service, Inc.'s annual reports to the SEC.
Customers and suppliers
In its latest annual report United Parcel Service sells to Amazon; it names no suppliers.
Customers
United Parcel Service's 10-K for the year to Dec 2025 gives one customer's share of its revenue: Amazon.com Inc. (10.6%).
Show the filings' numbers
| Period | Customer | Share of revenue | Filing |
|---|---|---|---|
| Year ended Dec 2023 | Amazon.com Inc. | 11.8% | 10-K filed Feb 17, 2026 |
| Year ended Dec 2024 | Amazon.com Inc. | 11.8% | 10-K filed Feb 17, 2026 |
| Year ended Dec 2025 | Amazon.com Inc. | 10.6% | 10-K filed Feb 17, 2026 |
From United Parcel Service, Inc.'s 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's.
Changes since the previous annual report (10-K filed Feb 18, 2025)
Show the filing's words
| Company | Role | In the filing's words |
|---|---|---|
| Amazon | customer | “In 2025, one customer, Amazon.com, Inc. and its affiliates, represented approximately 10.6% of our consolidated revenues, substantially all of which was within our U.S. Domestic Package segment.” |
Only the companies United Parcel Service names in its 10-K filed Feb 17, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.
Is it expensive?
P/E of 21.2x, in line with the peer median of 24.9x, with earnings still growing.
In line with the peer median of 24.9x.
Show the data
| Company | P/E (trailing) |
|---|---|
| FDXF · FedEx Freight Holding Company, Inc. | 38.4× |
| JBHT · J.B. Hunt Transport Services, Inc. | 32.1× |
| EXPD · Expeditors International of Washington, Inc. | 24.9× |
| CHRW · C.H. Robinson Worldwide, Inc. | 24.1× |
| UPS · United Parcel Service, Inc. | 21.2× |
| FDX · FedEx Corporation | 17.2× |
At 21.2× trailing earnings UPS is above most of its five-year range; the five-year median is 15.5×.
Show the data
| Date | Trailing P/E |
|---|---|
| Nov 8, 2021 | 28.6× |
| Feb 8, 2022 | 15.3× |
| May 10, 2022 | 14.9× |
| Aug 10, 2022 | 16.3× |
| Nov 8, 2022 | 13.2× |
| Feb 9, 2023 | 14.0× |
| May 11, 2023 | 13.8× |
| Aug 11, 2023 | 15.3× |
| Nov 9, 2023 | 14.2× |
| Feb 12, 2024 | 18.9× |
| May 13, 2024 | 21.8× |
| Aug 13, 2024 | 20.6× |
| Nov 11, 2024 | 19.9× |
| Feb 13, 2025 | 17.1× |
| May 15, 2025 | 14.6× |
| Aug 15, 2025 | 13.2× |
| Nov 13, 2025 | 14.8× |
| Feb 17, 2026 | 17.6× |
| May 18, 2026 | 15.5× |
| Aug 18, 2026 | 18.9× |
| Nov 12, 2026 | 21.2× |
Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.
What analysts expect
The average analyst price target is $115, 5% above the current price; 48% of 29 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.
Buy or Strong Buy: 14 analysts (48%). Sell or Strong Sell: 3.
Over the past year the average of the analysts' latest price targets went from $98.43 to $114.80 (+17%), while UPS went from $95.97 to $110.38 (+15%). In the past three months targets were raised 8 times and cut 4 times. No upgrades and 1 downgrade over the year; the latest: Wolfe Research moved it to Peer Perform from Outperform on Jan 8, 2026.
Show every change
| Date | Firm | Change | Rating | Target |
|---|---|---|---|---|
| Oct 28, 2026 | UBS | Target raised | Buy | $125.00, was $124.00 |
| Oct 28, 2026 | Citigroup | Target raised | Buy | $131.00, was $122.00 |
| Oct 28, 2026 | Truist Securities | Target raised | Buy | $120.00, was $115.00 |
| Oct 28, 2026 | TD Cowen | Target raised | Hold | $116.00, was $115.00 |
| Oct 28, 2026 | Barclays | Target raised | Underweight | $95.00, was $80.00 |
| Oct 28, 2026 | Wells Fargo | Target raised | Equal-Weight | $112.00, was $110.00 |
| Oct 28, 2026 | Oppenheimer | Target raised | Outperform | $119.00, was $117.00 |
| Oct 28, 2026 | B of A Securities | Target raised | Neutral | $114.00, was $108.00 |
| Oct 21, 2026 | Bernstein | Target cut | Outperform | $127.00, was $131.00 |
| Oct 20, 2026 | Evercore ISI Group | Target cut | In-Line | $107.00, was $118.00 |
| Oct 7, 2026 | Citigroup | Target cut | Buy | $122.00, was $132.00 |
| Oct 7, 2026 | Truist Securities | Target cut | Buy | $115.00, was $130.00 |
| Jul 29, 2026 | Stifel | Target raised | Buy | $115.00, was $114.00 |
| Jul 29, 2026 | Susquehanna | Target raised | Neutral | $120.00, was $118.00 |
| Jul 29, 2026 | Stephens & Co. | Target cut | Overweight | $130.00, was $135.00 |
| Jul 29, 2026 | Oppenheimer | Target raised | Outperform | $117.00, was $115.00 |
| Jul 29, 2026 | UBS | Target raised | Buy | $124.00, was $123.00 |
| Jul 29, 2026 | BMO Capital | Target raised | Market Perform | $115.00, was $110.00 |
| Jul 21, 2026 | Evercore ISI Group | Target raised | In-Line | $117.00, was $111.00 |
| Jul 21, 2026 | Bernstein | Target raised | Outperform | $133.00, was $130.00 |
| Jul 15, 2026 | Citizens | Began coverage | Market Perform | — |
| Jul 9, 2026 | Citigroup | Target raised | Buy | $132.00, was $127.00 |
| Jul 6, 2026 | Morgan Stanley | Target raised | Underweight | $76.00, was $75.00 |
| Apr 29, 2026 | UBS | Target cut | Buy | $123.00, was $125.00 |
| Apr 29, 2026 | Citigroup | Target raised | Buy | $127.00, was $118.00 |
| Apr 29, 2026 | Evercore ISI Group | Target cut | In-Line | $111.00, was $113.00 |
| Apr 29, 2026 | Susquehanna | Target raised | Neutral | $118.00, was $116.00 |
| Apr 7, 2026 | Citigroup | Target cut | Buy | $118.00, was $120.00 |
| Jan 28, 2026 | JP Morgan | Target raised | Neutral | $107.00, was $99.00 |
| Jan 28, 2026 | Jefferies | Target raised | Buy | $130.00, was $115.00 |
| Jan 28, 2026 | Oppenheimer | Target raised | Outperform | $115.00, was $107.00 |
| Jan 28, 2026 | Citigroup | Target cut | Buy | $120.00, was $126.00 |
| Jan 28, 2026 | UBS | Target raised | Buy | $125.00, was $116.00 |
| Jan 28, 2026 | Wells Fargo | Target raised | Equal-Weight | $110.00, was $96.00 |
| Jan 28, 2026 | Stephens & Co. | Target raised | Equal-Weight | $115.00, was $113.00 |
| Jan 28, 2026 | Stifel | Target raised | Buy | $116.00, was $112.00 |
| Jan 28, 2026 | Deutsche Bank | Target raised | Hold | $106.00, was $88.00 |
| Jan 28, 2026 | BMO Capital | Target raised | Market Perform | $110.00, was $105.00 |
| Jan 28, 2026 | Truist Securities | Target raised | Buy | $130.00, was $120.00 |
| Jan 21, 2026 | Evercore ISI Group | Target raised | In-Line | $113.00, was $94.00 |
| Jan 20, 2026 | Susquehanna | Target raised | Neutral | $115.00, was $105.00 |
| Jan 12, 2026 | JP Morgan | Target raised | Neutral | $99.00, was $97.00 |
| Jan 9, 2026 | Bernstein | Target raised | Outperform | $125.00, was $122.00 |
| Jan 8, 2026 | Citigroup | Target raised | Buy | $126.00, was $120.00 |
| Jan 8, 2026 | Wolfe Research | Downgrade | Peer Perform, was Outperform | — |
| Jan 7, 2026 | UBS | Target raised | Buy | $116.00, was $113.00 |
| Dec 16, 2025 | Stifel | Target raised | Buy | $112.00, was $110.00 |
Show the data
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| Dec ’25 | $2.20 | $2.38 | +8.2% |
| Mar ’26 | $1.02 | $1.07 | +4.9% |
| Jun ’26 | $1.66 | $1.76 | +6.0% |
| Sep ’26 | $1.62 | $1.69 | +4.3% |
The day after each of these reports the stock moved −3.1% (Dec 2025, beat); −1.5% (Mar 2026, beat); −7.4% (Jun 2026, beat); +5.3% (Sep 2026, beat).
For the quarter ending Dec 2026 (United Parcel Service reports on Jan 26, 2027), analysts expect adjusted earnings of $2.77 a share, 16% more than the $2.38 of a year earlier, and revenue of $25.7B, up 5% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $8.10 a share, 11% more than the year before's estimate of $7.28.
Adjusted. Dec 2025: $2.38; range $2.73 to $2.82; 24 analysts
Dec 2025: $24.5B; range $25.4B to $26.3B; 20 analysts
Adjusted. The year to Dec 2026: $7.28 expected; range $7.18 to $8.53; 28 analysts
Show the data
| Period | Figure | Expected | Low to high | Analysts | A year earlier | Change |
|---|---|---|---|---|---|---|
| Quarter ending Dec 2026, results Jan 26, 2027 | EPS (adjusted) | $2.77 | $2.73 to $2.82 | 24 | $2.38 (Dec 2025) | +16% |
| Quarter ending Dec 2026, results Jan 26, 2027 | Revenue | $25.7B | $25.4B to $26.3B | 20 | $24.5B (Dec 2025) | +5% |
| Quarter ending Mar 2027 | EPS (adjusted) | $1.46 | $1.18 to $1.64 | 15 | $1.07 (Mar 2026) | +36% |
| Quarter ending Mar 2027 | Revenue | $22.2B | $21.8B to $22.7B | 9 | $21.2B (Mar 2026) | +5% |
| Year ending Dec 2026 | EPS (adjusted) | $7.28 | $7.20 to $7.34 | 28 | — | — |
| Year ending Dec 2026 | Revenue | $92.6B | $91.7B to $93.1B | 24 | $88.7B (year to Dec 2025) | +4% |
| Year ending Dec 2027 | EPS (adjusted) | $8.10 | $7.18 to $8.53 | 28 | $7.28 (expected, year to Dec 2026) | +11% |
Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.
Where the cash goes
Generated $6.4B in free cash flow over the year, of which $5.5B went back to shareholders (dividends plus buybacks), leaving $900M in the company.
Show the data
| Line | Amount |
|---|---|
| Op. cash flow | $9.3B |
| Capex | −$2.9B |
| Free cash flow | $6.4B |
| Dividends | −$5.4B |
| Buybacks | −$100M |
| Cash retained | $900M |
For every $100 of market cap, the company generates about $6.8 in free cash flow a year.
For every $100 of market cap, you receive about $5.9 in dividends a year.
Show the data
| Quarter ended | Free cash flow | Dividends | Buybacks |
|---|---|---|---|
| Dec 2023 | $362M | $1.3B | $0 |
| Mar 2024 | $2.3B | $1.3B | $0 |
| Jun 2024 | $1.1B | $1.4B | $0 |
| Sep 2024 | $655M | $1.3B | $500M |
| Dec 2024 | $2.2B | $1.4B | $0 |
| Mar 2025 | $1.4B | $1.3B | $1.0B |
| Jun 2025 | −$775M | $1.3B | $1.0B |
| Sep 2025 | $1.5B | $1.3B | $0 |
| Dec 2025 | $2.6B | $1.4B | $0 |
| Mar 2026 | $1.2B | $1.4B | $0 |
| Jun 2026 | $166M | $1.4B | $0 |
| Sep 2026 | $2.4B | $1.4B | $0 |
United Parcel Service had 852M diluted shares in the quarter ended Sep 2026, 0.5% more than a year earlier, and 0.3% fewer each year on average since Jun 2020. Over the last four quarters its earnings per share fell 19.6% and its net income fell 19.6%: fewer shares added about 0 points.
Show the data
| Quarter ended | Diluted shares |
|---|---|
| Jun 2020 | 869M |
| Sep 2020 | 872M |
| Mar 2021 | 876M |
| Jun 2021 | 878M |
| Sep 2021 | 879M |
| Mar 2022 | 879M |
| Jun 2022 | 876M |
| Sep 2022 | 872M |
| Mar 2023 | 865M |
| Jun 2023 | 861M |
| Sep 2023 | 858M |
| Mar 2024 | 857M |
| Jun 2024 | 857M |
| Sep 2024 | 855M |
| Mar 2025 | 850M |
| Jun 2025 | 847M |
| Sep 2025 | 848M |
| Mar 2026 | 850M |
| Jun 2026 | 851M |
| Sep 2026 | 852M |
Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.
Financial health
Current ratio 1.2, short-term debt is manageable; debt-to-equity 1.5, debt is moderate.
Assets that can be turned into cash soon are 1.2x what is owed within a year. 1.5 or higher is comfortable; below 1 needs watching.
For every $1 of shareholder funds, there is $1.5 of debt (leases not counted). The higher the number, the more pressure when the economy weakens.
Cash and short-term investments of $5.9B against debt of $24.1B. Lease obligations of $4.5B are not counted: they are rent owed, not money borrowed.
Latest fiscal year balance sheet. Source: Yahoo Finance.
What did the funds Hunch tracks do?
Of the 83 funds whose 13F filings Hunch reads, 11 held UPS at the end of their latest quarter (for most, Q2 2026). Over that quarter 4 added shares, 7 cut and 2 sold all. The largest of them is Norges Bank, 8.02M shares worth $862M at Jun 30, 2026, 11.9% fewer than at Dec 31, 2025.
Over their latest quarter
2 of them sold all
Show every fund
| Fund | Quarter | Shares | Value | Change in shares | Change | Filed |
|---|---|---|---|---|---|---|
| Norges Bank | Q2 2026 vs Q4 2025 | 8.02M | $862M | −1.08M | −12% | Aug 12, 2026 |
| National Pension Service | Q3 2026 | 2.38M | $222M | −1,165 | 0.0% | Nov 12, 2026 |
| Swiss National Bank | Q3 2026 | 2.04M | $191M | −58,200 | −2.8% | Nov 12, 2026 |
| Mirae Asset Global Investments | Q3 2026 | 944,599 | $88.3M | +118,903 | +14% | Nov 3, 2026 |
| Korea Investment | Q2 2026 | 591,314 | $63.6M | +151,272 | +34% | Aug 12, 2026 |
| Miller Value Partners | Q2 2026 | 116,003 | $12.5M | −3,105 | −2.6% | Aug 14, 2026 |
| Canada Pension Plan Investment Board | Q2 2026 | 86,204 | $9.3M | −96,223 | −53% | Aug 14, 2026 |
| Nomura Holdings | Q2 2026 | 74,190 | $8.0M | +27,945 | +60% | Aug 14, 2026 |
| Tweedy, Browne | Q3 2026 | 19,332 | $1.8M | +2,702 | +16% | Nov 4, 2026 |
| Fisher Asset Management | Q3 2026 | 19,037 | $1.8M | −58,112 | −75% | Nov 6, 2026 |
| Bridgewater Associates | Q2 2026 | 0 | — | −9,492 | Sold all | Aug 14, 2026 |
| Maverick Capital | Q2 2026 | 0 | — | −6,900 | Sold all | Aug 14, 2026 |
| RK Capital Management | Q2 2026 | 3,800 | $408K | −1,900 | −33% | Aug 14, 2026 |
From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of UPS at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.