United Bankshares

UBSI • NASDAQ

United Bankshares is a banks - regional company in the financial services sector on NASDAQ, led by Richard M. Adams, Jr., with a market cap of $5.5B. As of Q3 2025, 70% of shares are held by 360 institutional investors, with BlackRock, Inc. as the largest holder at 14.33%.

Chief Executive OfficerRichard M. Adams, Jr.

Market Cap$5.5B

Banks - Regional

Financial Services

Employees2.6K

Websiteubsi-inc.com

Country

United States of America

Overview

Overview of institutional ownership in UBSI as of Q3 2025 with a market cap of $5.3B

All Institutions

Institutions: 360
Value Held: $3.7B
Shares Held: 98.8M
Avg Position: $10.2M
Median Position: $675.5K

Hedge Funds

Hedge Funds: 24
Value Held: $116.2M
Shares Held: 3.1M
Avg Position: $4.8M
Median Position: $2.2M

Ownership Breakdown

Institutional (non-HF)

67.57%

$3.6B

Hedge Funds

2.21%

$116.2M

Retail & Other

30.23%

$1.6B

Based on market cap of $5.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in UBSI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$755.4M 0.01% of portfolio	14.33% 20.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$547.5M 0.01% of portfolio	10.39% 14.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$308.8M 0.01% of portfolio	5.80% 8.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$288.1M 0.06% of portfolio	5.47% 7.7M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
EARNEST PARTNERS LLC Long Only Manager	Paul Ernest Viera CEO	$165.6M 0.72% of portfolio	3.14% 4.5M shares	Q4 2013 Held for 11y 11m	$23.1B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$134.9M 0.09% of portfolio	2.56% 3.6M shares	Q3 2019 Held for 6y 2m	$158.22B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$134.7M 0.01% of portfolio	2.55% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	Richard Ralston Hough CEO	$77.1M 0.51% of portfolio	1.46% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$15.1B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$64.9M 0.01% of portfolio	1.23% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$63.6M 0.01% of portfolio	1.21% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B

Net Capital Flow

Institutional buying and selling activity for UBSI in Q3 2025

Traded: −$90.0M
Buyers: 162
Sellers: 149
Total Bought: +$104.8M
Total Sold: −$194.8M
Avg Position: $9.5M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$13.7M +368.1K shares	$34.6M 930.3K shares
JPMORGAN CHASE & CO Institution	+$11.4M +307.2K shares	$29.1M 782.3K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	+$9.2M +246.0K shares	$19.4M 521.0K shares
GOLDMAN SACHS GROUP INC Institution	+$8.6M +230.4K shares	$25.0M 672.1K shares
J JANE STREET GROUP, LLC Institution	+$8.2M +221.0K shares	$8.2M 221.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$5.2M +139.6K shares	$50.9M 1.4M shares
F Fisher Asset Management, LLC Institution	+$4.3M +116.6K shares	$47.5M 1.3M shares
MORGAN STANLEY RIA/Wealth	+$3.8M +102.4K shares	$47.1M 1.3M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$2.0M +53.8K shares	$2.0M 53.8K shares
S Skopos Labs, Inc. RIA/Wealth	+$2.0M +52.5K shares	$2.0M 53.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
FIRST TRUST ADVISORS LP ETF Provider	−$52.6M −1.4M shares	$19.4M 521.2K shares
UBS Group AG Institution	−$13.2M −353.5K shares	$16.6M 445.0K shares
B BlackRock, Inc. Institution	−$11.7M −313.3K shares	$755.4M 20.3M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$9.0M −241.3K shares	$10.9M 293.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$8.1M −218.7K shares	$4.6M 124.6K shares
VANGUARD GROUP INC Institution	−$6.8M −181.4K shares	$547.5M 14.7M shares
EARNEST PARTNERS LLC Long Only Manager	−$6.5M −174.9K shares	$165.6M 4.5M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$6.4M −172.3K shares	$2.6M 71.0K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$6.0M −160.0K shares	$4.7M 125.8K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$5.6M −151.7K shares	$4.2M 114.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited UBSI in Q3 2025

New Positions: 15
New Value: $2.4M
Exited Positions: 27
Exited Value: $21.0M

New Positions

Institution	Position Value
Kovitz Investment Group Partners, LLC RIA/Wealth	$524.8K 14.1K shares
AlTi Global, Inc. Institution	$423.3K 11.4K shares
Facet Wealth, Inc. RIA/Wealth	$348.4K 9.4K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$280.5K 7.5K shares
Buckingham Strategic Partners RIA/Wealth	$274.5K 7.5K shares
U Universal- Beteiligungs- und Servicegesellschaft mbH Institution	$264.0K 7.1K shares
P Polymer Capital Management LTD Hedge Fund•Multi-Strategy	$244.6K 6.6K shares
R Root Financial Partners, LLC RIA/Wealth	$15.4K 414.0 shares
Wealth Watch Advisors, INC RIA/Wealth	$7.4K 200.0 shares
Heartwood Wealth Advisors LLC RIA/Wealth	$4.2K 112.0 shares

Exited Positions

Institution	Previous Position
S Squarepoint Ops LLC Hedge Fund•Quant	$5.1M 138.7K shares
M Mubadala Investment Co PJSC Institution	$2.5M 67.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.3M 63.8K shares
Trexquant Investment LP Hedge Fund•Quant	$2.3M 62.5K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$1.8M 48.6K shares
TCM Advisors, LLC RIA/Wealth	$1.1M 30.0K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$857.7K 23.5K shares
ARP AMERICAS LLC Hedge Fund•Multi-Strategy	$725.0K 19.9K shares
Engineers Gate Manager LP Hedge Fund•Quant	$717.7K 19.7K shares
INTL FCSTONE INC. Institution	$681.9K 18.7K shares

Options Activity

Institutions with the largest Call and Put options positions in UBSI as of Q3 2025

Call Positions: 5
Call Value: $4.8M
Put Positions: 2
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.7M 725.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$867.0K 233.0 contracts
J JANE STREET GROUP, LLC Institution	$480.0K 129.0 contracts
P PEAK6 LLC Institution	$379.5K 102.0 contracts
W WOLVERINE TRADING, LLC Institution	$350.1K 94.0 contracts

Put Positions

Institution	Position Value
P PEAK6 LLC Institution	- - contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Most Committed Institutions

Institutions with UBSI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
U UNITED BANK /VA/ Institution	-	3.16% $26.5M	0.50% 711.7K shares	Q4 2017 Held for 7y 11m	$839.1M
Nicholson Wealth Management Group, LLC RIA/Wealth	Adam Michael Mark President	1.66% $2.8M	0.05% 76.2K shares	Q3 2024 Held for 1y 2m	$170.7M
DOVER ADVISORS, LLC RIA/Wealth	James Edward Abbe CIO	1.05% $2.6M	0.05% 70.1K shares	Q1 2025 Held for 8 months	$250.7M
Verity Asset Management, Inc. RIA/Wealth	Sean Jennings Mcgill President	0.75% $2.3M	0.04% 61.8K shares	Q3 2022 Held for 3y 2m	$304.9M
EARNEST PARTNERS LLC Long Only Manager	Paul Ernest Viera CEO	0.72% $165.6M	3.14% 4.5M shares	Q4 2013 Held for 11y 11m	$23.1B
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	Terry Anthony Maltese President	0.59% $3.8M	0.07% 102.5K shares	Q3 2024 Held for 1y 2m	$646.2M
P Papamarkou Wellner Asset Management inc. Institution	-	0.53% $863.2K	0.02% 23.2K shares	Q4 2024 Held for 11 months	$161.6M
NTV ASSET MANAGEMENT LLC RIA/Wealth	Bradley Michael Foster President	0.52% $4.7M	0.09% 126.9K shares	≤ Q2 2013 Held for 12y 5m+	$916.0M
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	Richard Ralston Hough CEO	0.51% $77.1M	1.46% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$15.1B
Crown Wealth Group, LLC RIA/Wealth	Nicholas Martin Kolbenschlag CEO	0.40% $1.2M	0.02% 33.0K shares	Q2 2025 Held for 5 months	$305.7M

Hedge Fund Spotlight

Discover hedge funds investing in UBSI

INCEPTIONR LLC

Hedge Fund • Quant

Portfolio ManagerLi Nmn Lu

Portfolio Value: $414.3M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in United Bankshares

Market Value: $444.6K
Shares Held: 11.9K
Portfolio Weight: 0.11%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$2.2M	0.54%
2 AECOM ACM	Engineering & Construction Industrials	$2.2M	0.54%
3 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$2.2M	0.53%