PAR Capital Management’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	$7.52M	Sell	2,131,100 -25,000	-1%	-$114K	0.22%	33
2025 Q4	$10.2M	Hold	2,156,100	–	–	0.27%	33
2025 Q3	$9.52M	Sell	2,156,100 -25,000	-1%	-$113K	0.28%	33
2025 Q2	$7.92M	Buy	2,181,100 +25,000	+1%	+$91.6K	0.26%	30
2025 Q1	$9.36M	Buy	2,156,100 +400,000	+23%	+$2.98M	0.31%	27
2024 Q4	$12.5M	Hold	1,756,100	–	–	0.37%	29
2024 Q3	$9.4M	Hold	1,756,100	–	–	0.27%	30
2024 Q2	$8.66M	Hold	1,756,100	–	–	0.27%	28
2024 Q1	$14.2M	Hold	1,756,100	–	–	0.44%	26
2023 Q4	$9.59M	Sell	1,756,100 -243,900	-12%	-$1.07M	0.32%	29
2023 Q3	$9.68M	Sell	2,000,000 -1,322,200	-40%	-$9.9M	0.36%	30
2023 Q2	$32.1M	Sell	3,322,200 -2,800	-0.1%	-$25.1K	1.12%	18
2023 Q1	$32.7M	Sell	3,325,000 -3,799	-0.1%	-$42.4K	1.2%	18
2022 Q4	$34.2M	Buy	3,328,799 +1,147,727	+53%	+$13.4M	1.23%	17
2022 Q3	$21.2M	Sell	2,181,072 -842,776	-28%	-$10.3M	0.78%	23
2022 Q2	$28.3M	Buy	3,023,848 +115,900	+4%	+$1.17M	0.95%	20
2022 Q1	$32.9M	Buy	+2,907,948	New	+$36.5M	0.79%	25