Indigo Partners’s Frontier Group Holdings ULCC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$113M	Hold	32,092,007	–	–	42.4%	2
2025 Q4	$151M	Hold	32,092,007	–	–	44.47%	2
2025 Q3	$142M	Hold	32,092,007	–	–	48.14%	2
2025 Q2	$116M	Hold	32,092,007	–	–	53.57%	1
2025 Q1	$139M	Hold	32,092,007	–	–	55.66%	1
2024 Q4	$228M	Hold	32,092,007	–	–	59.06%	1
2024 Q3	$172M	Hold	32,092,007	–	–	56.06%	1
2024 Q2	$158M	Sell	32,092,007 -146,742,027	-82%	-$879M	53.92%	1
2024 Q1	$1.45B	Hold	178,834,034	–	–	90.19%	1
2023 Q4	$976M	Hold	178,834,034	–	–	83.04%	1
2023 Q3	$866M	Hold	178,834,034	–	–	88.27%	1
2023 Q2	$1.73B	Hold	178,834,034	–	–	87.98%	1
2023 Q1	$1.76B	Hold	178,834,034	–	–	89.31%	1
2022 Q4	$1.84B	Hold	178,834,034	–	–	92.84%	1
2022 Q3	$1.73B	Hold	178,834,034	–	–	93.61%	1
2022 Q2	$1.68B	Hold	178,834,034	–	–	90.6%	1
2022 Q1	$2.03B	Hold	178,834,034	–	–	86.8%	1
2021 Q4	$2.43B	Buy	+178,834,034	New	+$2.73B	88.86%	1