| United Airlines Holdings, Inc. |
| 57.23% | 89.1% | #2 | $220.4M | 10.5M | $187.6M | 10.5M | 00.00% | Unchanged |
| American Airlines Group Inc. |
| 100% | 100% | #1 | $205.0M | 9.8M | $174.4M | 9.8M | 00.00% | Unchanged |
| DELTA AIR LINES, INC. |
| 36.43% | 32.05% | #3 | $142.3M | 6.8M | $121.1M | 6.8M | 00.00% | Unchanged |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. |
| 29.85% | 20.06% | #4 | $91.3M | 4.3M | $71.5M | 4.4M | -98,454-2.21% | Reduce |
| Owl Creek Asset Management, L.P. |
| 7.44% | 5.47% | #5 | $89.9M | 4.3M | $75.7M | 4.2M | +47,443+1.12% | Add |
| BlackRock, Inc. |
| <0.01% | <0.01% | #24 | $22.9M | 1.1M | $6.9M | 387,449 | +704,504+181.83% | Add |
| PAR CAPITAL MANAGEMENT INC |
| 0.26% | 0.26% | #8 | $10.6M | 506,844 | $9.1M | 506,844 | 00.00% | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC |
| <0.01% | <0.01% | #22 | $9.4M | 446,565 | $4.3M | 239,013 | +207,552+86.84% | Add |
| DONALD SMITH & CO., INC. |
| 0.1% | 0.03% | #9 | $5.7M | 273,129 | $1.6M | 91,750 | +181,379+197.69% | Add |
| VANGUARD CAPITAL MANAGEMENT LLC |
| <0.01% | <0.01% | #37 | $5.0M | 237,339 | $4.0M | 225,283 | +12,056+5.35% | Add |
| STATE STREET CORP |
| <0.01% | <0.01% | #36 | $4.0M | 188,390 | $559,000 | 31,264 | +157,126+502.58% | Add |
| NORTHERN TRUST CORP |
| <0.01% | <0.01% | #26 | $2.6M | 123,825 | $776,600 | 43,434 | +80,391+185.09% | Add |
| VANGUARD FIDUCIARY TRUST CO |
| <0.01% | <0.01% | #21 | $2.5M | 117,545 | $1.9M | 107,262 | +10,283+9.59% | Add |
| Pinnacle Holdings, LLC |
| 0.76% | 1.24% | #7 | $2.5M | 116,737 | $2.0M | 113,234 | +3,503+3.09% | Add |
| VANGUARD PORTFOLIO MANAGEMENT LLC |
| <0.01% | — | #38 | $2.4M | 112,442 | $0 | 0 | +112,442 | New Buy |
| CastleKnight Management LP |
| 0.03% | 0.03% | #10 | $2.3M | 110,900 | $1.9M | 105,650 | +5,250+4.97% | Add |
| BANK OF AMERICA CORP /DE/ |
| <0.01% | <0.01% | #34 | $2.0M | 94,248 | $665,815 | 37,238 | +57,010+153.10% | Add |
| LAZARD ASSET MANAGEMENT LLC |
| <0.01% | — | #14 | $1.8M | 83,515 | $0 | 0 | +83,515 | New Buy |
| Orvieto Partners, L.P. |
| 1.13% | 1.79% | #6 | $1.7M | 82,602 | $2.1M | 116,989 | -34,387-29.39% | Reduce |
| AMERICAN CENTURY COMPANIES INC |
| <0.01% | — | #19 | $1.5M | 72,981 | $0 | 0 | +72,981 | New Buy |
| UBS Group AG |
| <0.01% | <0.01% | #30 | $1.5M | 70,533 | $325,416 | 18,200 | +52,333+287.54% | Add |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC |
| <0.01% | — | #33 | $1.1M | 52,972 | $0 | 0 | +52,972 | New Buy |
| GOLDMAN SACHS GROUP INC |
| <0.01% | <0.01% | #43 | $746,570 | 35,534 | $409,631 | 22,910 | +12,624+55.10% | Add |
| Bank of New York Mellon Corp |
| <0.01% | — | #35 | $745,329 | 35,475 | $0 | 0 | +35,475 | New Buy |
| XTX Topco Ltd |
| 0.01% | — | #12 | $626,749 | 29,831 | $0 | 0 | +29,831 | New Buy |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC |
| 0.01% | — | #11 | $616,854 | 29,360 | $0 | 0 | +29,360 | New Buy |
| BNP PARIBAS FINANCIAL MARKETS |
| <0.01% | <0.01% | #29 | $427,448 | 20,345 | $487,015 | 27,238 | -6,893-25.31% | Reduce |
| Nuveen, LLC |
| <0.01% | — | #40 | $392,215 | 18,668 | $0 | 0 | +18,668 | New Buy |
| RHUMBLINE ADVISERS |
| <0.01% | — | #28 | $332,645 | 15,833 | $0 | 0 | +15,833 | New Buy |
| DEUTSCHE BANK AG\ |
| <0.01% | — | #41 | $291,871 | 13,892 | $0 | 0 | +13,892 | New Buy |
| WELLS FARGO & COMPANY/MN |
| <0.01% | <0.01% | #46 | $252,813 | 12,033 | $8,439 | 472 | +11,561+2,449.36% | Add |
| PRICE T ROWE ASSOCIATES INC /MD/ |
| <0.01% | — | #48 | $245,565 | 11,688 | $0 | 0 | +11,688 | New Buy |
| RENAISSANCE TECHNOLOGIES LLC |
| <0.01% | — | #25 | $231,761 | 11,031 | $0 | 0 | +11,031 | New Buy |
| MORGAN STANLEY |
| <0.01% | — | #50 | $231,467 | 11,017 | $0 | 0 | +11,017 | New Buy |
| MetLife Investment Management, LLC |
| <0.01% | — | #16 | $179,762 | 8,556 | $0 | 0 | +8,556 | New Buy |
| Vanguard Global Advisers, LLC |
| <0.01% | <0.01% | #42 | $150,495 | 7,163 | $159,257 | 8,907 | -1,744-19.58% | Reduce |
| CITIGROUP INC |
| <0.01% | <0.01% | #45 | $149,906 | 7,135 | $380,129 | 21,260 | -14,125-66.44% | Reduce |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. |
| <0.01% | — | #31 | $137,174 | 6,529 | $0 | 0 | +6,529 | New Buy |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC |
| <0.01% | 0.01% | #13 | $126,720 | 5,883 | $72,245 | 4,133 | +1,750+42.34% | Add |
| NEW YORK STATE COMMON RETIREMENT FUND |
| <0.01% | — | #32 | $117,656 | 5,600 | $0 | 0 | +5,600 | New Buy |
| JPMORGAN CHASE & CO |
| <0.01% | <0.01% | #54 | $109,889 | 5,908 | $88 | 5 | +5,903+118,060.00% | Add |
| Police & Firemen's Retirement System of New Jersey |
| <0.01% | — | #20 | $88,242 | 4,200 | $0 | 0 | +4,200 | New Buy |
| STRS OHIO |
| <0.01% | — | #27 | $71,434 | 3,400 | $0 | 0 | +3,400 | New Buy |
| BARCLAYS PLC |
| <0.01% | <0.01% | #52 | $60,340 | 2,872 | $16,557 | 926 | +1,946+210.15% | Add |
| Legal & General Group Plc |
| <0.01% | — | #53 | $29,148 | 1,390 | $0 | 0 | +1,390 | New Buy |
| Ameritas Investment Partners, Inc. |
| <0.01% | — | #18 | $27,145 | 1,292 | $0 | 0 | +1,292 | New Buy |
| Russell Investments Group, Ltd. |
| <0.01% | — | #49 | $24,077 | 1,146 | $0 | 0 | +1,146 | New Buy |
| Tower Research Capital LLC (TRC) |
| <0.01% | <0.01% | #23 | $16,241 | 773 | $18 | 1 | +772+77,200.00% | Add |
| ROYAL BANK OF CANADA |
| <0.01% | <0.01% | #57 | $13,000 | 629 | $1,000 | 41 | +588+1,434.15% | Add |
| State of Wyoming |
| <0.01% | — | #17 | $7,417 | 353 | $0 | 0 | +353 | New Buy |
