Will This Performance Worry United Continental’s Top Institutional Shareholders?

United Continental Holdings (NYSE:UAL): The airline reported earnings of -$0.98 per share, beating estimates by $0.08. Revenue of $8.7 billion beat narrowly by $0.01 billion. Domestic, Atlantic, and Latin America routes had capacity reigned in, which poked holes in the revenue numbers. Passenger Revenue per Available Seat Mile, or PRASM, was up 5.9 percent for the quarter, and the company achieved its best first-quarter on-time performance in a decade, with 81 percent of mainline flights, including both domestic and international flights, arriving within 14 minutes of scheduled arrival time.

These institutional firms indicated owning shares of United Continental Holdings  in Q1 2013. They reported owning a total of 87.522 million shares on 03/31/2013. The shares closed at $32.01 on 03/31/2013.

Here are the eight largest positions in United Continental Holdings at the end of March 31st, 2013.

Vanguard Group Inc. held 15,940,333 shares on 03/31/2013 worth $510,250,033. This brought the portfolio total to 0.06%.

Blackrock Advisors LLC held 9,091,424 shares on 03/31/2013 worth $291,016,467. This brought the portfolio total to 0.29%.

Blackrock Institutional Trust Company N.A. held 7,491,234 shares on 03/31/2013 worth $239,794,388. This brought the portfolio total to 0.05%.

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Blackrock Investment Management LLC held 4,527,470 shares on 03/31/2013 worth $144,924,307. This brought the portfolio total to 0.25%.

Blackrock Fund Advisors held 3,317,279 shares on 03/31/2013 worth $106,186,095. This brought the portfolio total to 0.04%.

Blackrock Group Ltd held 2,103,793 shares on 03/31/2013 worth $67,342,410. This brought the portfolio total to 0.05%.

Morgan Stanley held 2,100,634 shares on 03/31/2013 worth $67,241,291. This brought the portfolio total to 0.03%.

Douglas C. Lane & Associates Inc. held 1,678,003 shares on 03/31/2013 worth $53,712,873. This brought the portfolio total to 2.2%.

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