Graham Capital Management’s Frontier Group Holdings ULCC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$538K	Sell	148,323 -82,813	-36%	-$301K	0.01%	745
2025 Q1	$1M	Buy	+231,136	New	+$1M	0.02%	525