United Bankshares Inc: which funds bought and sold

Institutions that bought and sold United Bankshares shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 217 institutions that filed 13F reports for both quarters added to or opened positions in United Bankshares, and 155 cut or closed them. Together they added a net 1.4M shares, +1.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 501K shares (+3.4%); index fund managers were net buyers of 796K shares (+1.6%). 60 opened a new position and 31 sold out entirely.

Bought, Q2 2026 217 institutions, 60 of them new holders Sold, Q2 2026 155 institutions, 31 of them sold out

Net change, all compared +1.4M shares (+1.4%)

Net change, active managers +501K shares (+3.4%), 16 bought, 24 sold

Buyers versus sellers

institutions compared, 470

217 bought 98 155 sold

Active managers and hedge funds 16 bought · 24 sold · +501K

Index fund managers 7 bought · 5 sold · +796K

Other institutions 194 bought · 126 sold · +58K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
State Street Corp Index funds	+667K +8.4%	8.6M	$399M
Arrowstreet Capital, Limited Partnership Hedge fund	+355K +164.7%	571K	$26.2M
Arbejdsmarkedets Tillaegspension	+318K New position	318K	$14.6M
Vaughan Nelson Investment Management, L.P. Active manager	+307K +36.9%	1.1M	$52.2M
Fisher Asset Management, LLC Active manager	+185K +15.2%	1.4M	$64M
Geode Capital Management, LLC Index funds	+167K +4.2%	4.1M	$188M
Van Eck Associates Corp	+110K New position	110K	$5M
D. E. Shaw & Co., Inc. Hedge fund	+104K +438.4%	128K	$5.9M
Two Sigma Investments, LP Hedge fund	+102K New position	102K	$4.7M
Tudor Investment Corp Et Al Hedge fund	+96K +130.5%	170K	$7.8M
Axxcess Wealth Management, LLC	+84K New position	84K	$3.8M
Phocas Financial Corp.	+76K New position	76K	$3.5M
Federated Hermes, Inc. Active manager	+76K +109.5%	146K	$6.7M
Point72 Asset Management, L.P. Hedge fund	+76K New position	76K	$3.5M
Russell Investments Group, Ltd.	+66K +459.5%	81K	$3.7M
Wells Fargo & Company	+65K +15.1%	493K	$22.6M
Quantinno Capital Management LP	+64K +103.4%	125K	$5.7M
Janney Montgomery Scott LLC	+63K New position	63K	$2.9M
Northern Trust Corp Index funds	+59K +3.6%	1.7M	$78.3M
Natixis Advisors, LLC	+58K +34.3%	227K	$10.4M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Arrowstreet Capital, Limited Partnership Hedge fund	+355K +164.7%	571K	$26.2M
Vaughan Nelson Investment Management, L.P. Active manager	+307K +36.9%	1.1M	$52.2M
Fisher Asset Management, LLC Active manager	+185K +15.2%	1.4M	$64M
D. E. Shaw & Co., Inc. Hedge fund	+104K +438.4%	128K	$5.9M
Two Sigma Investments, LP Hedge fund	+102K New position	102K	$4.7M
Tudor Investment Corp Et Al Hedge fund	+96K +130.5%	170K	$7.8M
Federated Hermes, Inc. Active manager	+76K +109.5%	146K	$6.7M
Point72 Asset Management, L.P. Hedge fund	+76K New position	76K	$3.5M
Brevan Howard Capital Management LP Hedge fund	+39K New position	39K	$1.8M
Price T Rowe Associates Inc Active manager	+26K +16.0%	190K	$8.7M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Bank Of America Corp	−218K −13.4%	1.4M	$64.8M
Invesco Ltd.	−192K −24.8%	582K	$26.7M
Victory Capital Management Inc Active manager	−173K −5.5%	2.9M	$135M
Citadel Advisors LLC Hedge fund	−166K −25.8%	478K	$21.9M
Earnest Partners LLC Active manager	−164K −4.0%	4.0M	$182M
Nuveen, LLC	−127K −14.1%	775K	$35.5M
Morgan Stanley	−112K −7.0%	1.5M	$68.5M
Silvercrest Asset Management Group LLC	−99K −6.0%	1.6M	$71.4M
Vanguard Capital Management LLC Index funds	−98K −1.5%	6.2M	$286M
Voloridge Investment Management, LLC Hedge fund	−91K −41.8%	127K	$5.8M
AQR Capital Management LLC Hedge fund	−85K −3.6%	2.3M	$104M
Deutsche Bank Ag\	−85K −36.8%	146K	$6.7M
Mubadala Investment Co Pjsc	−78K Sold out	0	—
Susquehanna International Group, LLP	−75K −60.8%	49K	$2.2M
Millennium Management LLC Hedge fund	−65K Sold out	0	—
Fuller & Thaler Asset Management, Inc.	−53K −4.0%	1.3M	$58.4M
Allstate Corp	−49K Sold out	0	—
Jane Street Group, LLC	−44K −86.2%	6,981	$319,939
Ieq Capital, LLC	−41K −64.4%	23K	$1M
Picton Mahoney Asset Management	−39K −99.6%	142	$6,508

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Victory Capital Management Inc Active manager	−173K −5.5%	2.9M	$135M
Citadel Advisors LLC Hedge fund	−166K −25.8%	478K	$21.9M
Earnest Partners LLC Active manager	−164K −4.0%	4.0M	$182M
Voloridge Investment Management, LLC Hedge fund	−91K −41.8%	127K	$5.8M
AQR Capital Management LLC Hedge fund	−85K −3.6%	2.3M	$104M
Millennium Management LLC Hedge fund	−65K Sold out	0	—
Jupiter Asset Management Ltd Active manager	−27K Sold out	0	—
Man Group PLC Hedge fund	−21K Sold out	0	—
Verition Fund Management LLC Hedge fund	−18K Sold out	0	—
Exoduspoint Capital Management, LP Hedge fund	−16K −35.3%	29K	$1.3M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Arbejdsmarkedets Tillaegspension	318K	$14.6M
Van Eck Associates Corp	110K	$5M
Two Sigma Investments, LPHedge fund	102K	$4.7M
Axxcess Wealth Management, LLC	84K	$3.8M
Phocas Financial Corp.	76K	$3.5M
Point72 Asset Management, L.P.Hedge fund	76K	$3.5M
Janney Montgomery Scott LLC	63K	$2.9M
Csm Advisors, LLC	44K	$2M
Brevan Howard Capital Management LPHedge fund	39K	$1.8M
New Age Alpha Advisors, LLC	32K	$1.4M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Mubadala Investment Co Pjsc	78K	$3.2M
Millennium Management LLCHedge fund	65K	$2.7M
Allstate Corp	49K	$2M
Jupiter Asset Management LtdActive manager	27K	$1.1M
Man Group PLCHedge fund	21K	$859,796
Verition Fund Management LLCHedge fund	18K	$736,323
Dark Forest Capital Management LP	15K	$601,750
Mirabella Financial Services LLP	13K	$523,052
GAMCO Investors, Inc. Et AlActive manager	11K	$455,620
Centiva Capital, LPHedge fund	10K	$415,318

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 447
Ten largest holders: 63.1%
Index fund managers: 50.5%
Active managers and hedge funds: 14.8%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	16	24	3	7	+501K	+3.4%
Index fund managers	7	5	0	0	+796K	+1.6%
Other institutions	194	126	57	24	+58K	+0.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on United Bankshares.

Only managers that filed a holdings report for both quarters are compared (470 here). 17 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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