Mariner’s Frontier Group Holdings ULCC Stock Holding History

Mariner’s Portfolio ULCC Stock Details ULCC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-26,078	Closed	-$115K	–	3699
2025 Q1	$115K	Sell	26,078 -798	-3%	-$5.94K	﹤0.01%	3158
2024 Q4	$191K	Sell	26,876 -343	-1%	-$2.14K	﹤0.01%	3017
2024 Q3	$144K	Sell	27,219 -83,980	-76%	-$328K	﹤0.01%	3016
2024 Q2	$548K	Sell	111,199 -47,140	-30%	-$283K	﹤0.01%	1979
2024 Q1	$1.28M	Buy	158,339 +71,493	+82%	+$463K	﹤0.01%	1345
2023 Q4	$474K	Buy	86,846 +70,367	+427%	+$308K	﹤0.01%	1964
2023 Q3	$79.8K	Buy	+16,479	New	+$123K	﹤0.01%	2712

Other funds holding ULCC

Indigo Partners Phoenix, Arizona $267M AUM 9% 1-Year Est. Return

WCM

Wildcat Capital Management New York $106M AUM 0.1% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

USGIU

U.S. Global Investors (USGI) San Antonio, Texas $858M AUM 47.1% 1-Year Est. Return

Ancient Art Austin, Texas $459M AUM 52.34% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

PCM

PAR Capital Management Boston, Massachusetts $3.45B AUM 28.5% 1-Year Est. Return

Mariner's ULCC Position: Q2 2025 in Review

Mariner sold out of Frontier Group Holdings (ULCC) in Q2 2025, closing a stake of 26,078 shares — an estimated $115K sold.

Mariner first reported a position in ULCC in Q3 2023 and held it in 7 quarters. The position peaked at $1.28M in Q1 2024. 156 funds tracked by Wall St. Rank hold ULCC as of Q2 2025.

Mariner reported no remaining Frontier Group Holdings position as of Q2 2025 after selling out during the quarter.
Mariner sold 26,078 Frontier Group Holdings shares in Q2 2025, an estimated $115K.
Mariner first reported a position in Frontier Group Holdings in Q3 2023 and held it in 7 quarters.
Mariner's Frontier Group Holdings position peaked at $1.28M in Q1 2024.
156 funds tracked by Wall St. Rank held Frontier Group Holdings as of Q2 2025.

Based on Mariner's 13F filing for Q2 2025, filed 14 Aug 2025.