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Frontline
FRO

167 hedge funds and large institutions have $1.01B invested in Frontline in 2023 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 57 increasing their positions, 48 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more call options, than puts

Call options by funds: $39.3M | Put options by funds: $28M

21% more capital invested

Capital invested by funds: $835M → $1.01B (+$176M)

19% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 48

18% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 39

2% more funds holding

Funds holding: 163 → 167 (+4)

1.57% less ownership

Funds ownership: 25.76% → 24.2% (-1.6%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
167
Holders Change
+4
Holders Change %
+2.45%
% of All Funds
2.65%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
46
Increased
57
Reduced
48
Closed
39
Calls
$39.3M
Puts
$28M
Net Calls
+$11.3M
Net Calls Change
+$2.5M

Top Buyers

Rank Fund Capital Flow
1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$106M
2
Morgan Stanley
Morgan Stanley
New York
+$20.5M
3
F
Folketrygdfondet
Norway
+$19.4M
4
LP
LMR Partners
United Kingdom
+$17.8M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$9.57M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$23.7M
2
Millennium Management
Millennium Management
New York
-$23.1M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$22.2M
4
Citigroup
Citigroup
New York
-$20.2M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$20M
Name Holding Trade Value Shares
Change 		Change in
Stake
EF
176
Empowered Funds
Pennsylvania
– -$1.96M -134,928 Closed
OQS
177
Occudo Quantitative Strategies
Florida
– -$1.59M -109,302 Closed
DA
178
Duality Advisers
Florida
– -$1.55M -106,414 Closed
PMEF
179
Point72 Middle East FZE
United Arab Emirates
– -$1.54M -106,279 Closed
MFS
180
Mirabella Financial Services
United Kingdom
– -$1.37M -94,555 Closed
MAM
181
Must Asset Management
South Korea
– -$1.05M -75,364 Closed
Squarepoint
182
Squarepoint
New York
– -$1.07M -73,464 Closed
YIH
183
Y-Intercept (HK)
Hong Kong
– -$1.01M -69,510 Closed
SI
184
Symmetry Investments
Jersey
– -$882K -60,722 Closed
Verition Fund Management
185
Verition Fund Management
Connecticut
– -$689K -47,400 Closed
TI
186
Trexquant Investment
Connecticut
– -$542K -37,314 Closed
CC
187
Cipher Capital
New York
– -$494K -34,004 Closed
BC
188
Bridgefront Capital
Texas
– -$437K -30,052 Closed
XT
189
XTX Topco
Cayman Islands
– -$420K -28,884 Closed
MC
190
Maverick Capital
Texas
– -$406K -27,972 Closed
Balyasny Asset Management
191
Balyasny Asset Management
Illinois
– -$386K -26,570 Closed
EP
192
Edgestream Partners
New Jersey
– -$359K -24,685 Closed
CSS
193
Cubist Systematic Strategies
Connecticut
– -$281K -19,323 Closed
GCP
194
GSA Capital Partners
United Kingdom
– -$251K -17,292 Closed
Point72 Asset Management
195
Point72 Asset Management
Connecticut
– -$219K -15,065 Closed
MC
196
Moors & Cabot
Massachusetts
– -$189K -13,000 Closed
CAS
197
CTC Alternative Strategies
Illinois
– -$161K -11,100 Closed
Cetera Investment Advisers
198
Cetera Investment Advisers
Illinois
– -$157K -10,792 Closed
WC
199
Wexford Capital
Florida
– -$149K -10,288 Closed
EWM
200
Evercore Wealth Management
New York
– -$145K -10,000 Closed
5 6 7
8
9

FRO Hedge Fund Activity: Q3 2023 in Review

167 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Frontline (FRO) for Q3 2023, worth a combined $1.01B — up 21% from $835M a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new FRO positions and 39 closed out — a net gain of 7 holders — while 57 added to existing stakes and 48 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $106M. The largest seller was Renaissance Technologies, cutting an estimated $23.7M.

  • 167 institutional investors held Frontline (FRO) as of Q3 2023, up from 163 in Q2 2023.
  • Funds reported $1.01B of Frontline stock for Q3 2023, up 21% quarter-over-quarter.
  • 46 funds opened new Frontline positions in Q3 2023 and 39 closed out, a net change of +7 holders.
  • The largest Frontline buyer in Q3 2023 was Arrowstreet Capital, an estimated $106M added.
  • The largest Frontline seller in Q3 2023 was Renaissance Technologies, an estimated $23.7M sold.

Based on aggregated 13F filings for Q3 2023.