SCHEDULE 13G: Alyeska Investment Group Discloses 5.18% Stake in Under Armour Class A Common Stock

Alyeska Investment Group, L.P., along with its affiliates, has reported a beneficial ownership of 5.18% of Under Armour, Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh collectively reported beneficial ownership of 9,789,553 shares of Under Armour, Inc. Class A Common Stock.
• This ownership represents 5.18% of the total outstanding Class A Common Stock.
• The reporting persons hold shared voting power and shared dispositive power over all 9,789,553 shares.
• The filing is a Schedule 13G, indicating that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Under Armour, Inc.
• The percentage calculation is based on 188,822,461 outstanding shares of Class A Common Stock, as reported in Under Armour's Form 10-Q filed with the SEC on November 7, 2024.

Sentiment

Score: 7

Explanation: The disclosure of a significant 5.18% passive stake by Alyeska Investment Group in Under Armour's Class A Common Stock is generally viewed as a positive signal, indicating institutional confidence in the company. However, as a Schedule 13G, it does not provide operational or financial performance updates.

Positives

• A significant institutional investor, Alyeska Investment Group, has taken a 5.18% stake in Under Armour, potentially signaling confidence in the company's future.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by a major institutional fund in the athletic apparel and footwear industry. Such investments are common as funds seek exposure to established brands like Under Armour, which operates in a competitive global market alongside companies like Nike and Adidas.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially influence stock price positively due to perceived validation from a major fund.

Key Dates

Keywords

Under Armour, UAA, Class A Common Stock, Alyeska Investment Group, Beneficial Ownership, SEC Filing, Schedule 13G, Institutional Investor, Equity Stake