UNITED PARCEL SERVICE INC

UPS Q1 2026 institutional ownership is a $49.8B book across 2,021 holders. BlackRock is the largest holder at $5.0B (51.1M shares, +0.04%, +$20M) -- effectively flat. Vanguard Capital Management $4.7B (48.2M shares, NEW after three-way split); Vanguard Portfolio Management $1.3B (13.5M shares, NEW); Vanguard Fiduciary Trust $409M (4.2M shares, NEW). State Street $3.2B (32.6M shares, +0.4%, +$24M). FMR LLC $3.2B (32.6M shares, +15.2%, +$427M) -- the largest add. Morgan Stanley $1.0B (10.2M shares, +17.2%, +$174M). Bank of America $957M (9.7M shares, +18.2%, +$174M). Goldman Sachs $850M (8.6M shares, +16.4%, +$139M). Charles Schwab IM $2.2B (22.1M shares, -20.7%, -$517M) -- the largest seller. Victory Capital $1.1B (11.0M shares, -27.2%, -$284M). Geode Capital $1.7B (17.5M shares, +0.7%, +$12M). Northern Trust $699M (7.1M shares, -2.6%, -$19M). Wells Fargo $698M (7.1M shares, -9.2%, -$573M). UBS Group $727M (7.4M shares, -11.8%, -$86M). Invesco $551M (5.6M shares, -14.4%, -$79M). AQR Capital $426M (4.4M shares, -24.0%, -$90M). Dimensional Fund Advisors $495M (5.0M shares, +4.8%, +$23M). BNY Mellon $456M (4.6M shares, +0.1%, +$6M). Bank of New York Mellon $547M (5.6M shares, +7.7%, +$164M). UBS AM $495M (5.0M shares, +14.6%, +$74M). Capital World Investors $292M (3.0M shares, +51.0%, +$99M). Franklin Resources $296M (3.0M shares, +1,368% from $469M). Royal Bank of Canada $595M (6.0M shares, +16.3%, +$84M). Arrowstreet Capital $334M (3.4M shares, -20.6%, -$58M). Susquehanna International (market_maker) $724M (7.4M shares, -23.2%, -$221M). Jane Street (market_maker) $368M (3.7M shares, -68.5%, -$193M). Nordea $417M (4.3M shares). JPMorgan not in top 20. New positions: Vanguard three. Sellers: Charles Schwab -$517M, Victory Capital -$284M, Wells Fargo -$573M, AQR -$90M, Arrowstreet -$58M, Susquehanna MM -$221M, Jane Street MM -$193M, UBS Group -$86M, Invesco -$79M, Northern Trust -$19M. Buyers: FMR +$427M, Morgan Stanley +$174M, BofA +$174M, Goldman +$139M, Franklin Resources +$134M, First Trust +$95M, RBC +$84M, UBS AM +$74M, Capital World +$99M, Bank of NY Mellon +$164M, Dimensional +$23M, Geode +$12M, BlackRock +$20M, State Street +$24M. The 75.50 whaleScore reflects AUM. Smart-money read: lean-cautious. FMR+$427M, BofA+$174M, Goldman+$139M, and Morgan Stanley+$174M represent active-manager conviction adding to a logistics/package-delivery name, but these adds are partially offset by Charles Schwab-$517M (passive/custodial), Victory-$284M, Wells Fargo-$573M, and broad MM reductions (Susquehanna-Jane Street -$414M combined). The Vanguard three-way split shows passive-core continuity. Net read: slightly cautious -- the breadth of active-manager adds (FMR, BofA, Goldman, Morgan Stanley, Franklin) signals selective conviction in parcel-logistics secular growth, but the Schwab/Victory/Wells Fargo reductions from passive/custodial bookkeeping represent structural reallocation away from industrials/consumer-discretionary logistics. Mixed signal.