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Frontline

167 hedge funds and large institutions have $1.2B invested in Frontline in 2025 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 63 increasing their positions, 41 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 41

31% more capital invested

Capital invested by funds: $918M → $1.2B (+$281M)

9% more call options, than puts

Call options by funds: $58.9M | Put options by funds: $53.9M

0% more funds holding in top 10

Funds holding in top 10: 44 (0)

5% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 43

1.63% less ownership

Funds ownership: 27.45%25.83% (-1.6%)

2% less funds holding

Funds holding: 170167 (-3)

Holders
167
Holders Change
-3
Holders Change %
-1.76%
% of All Funds
2.19%
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
41
Increased
63
Reduced
41
Closed
43
Calls
$58.9M
Puts
$53.9M
Net Calls
+$5.02M
Net Calls Change
-$18.1M
Name Holding Trade Value Shares
Change
Change in
Stake
F
1
Folketrygdfondet
Norway
$290M +$1.67M +82,673 +0.7%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$187M +$73.6M +3,633,401 +79%
Vanguard Group
3
Vanguard Group
Pennsylvania
$134M +$3.34M +164,776 +3%
Balyasny Asset Management
4
Balyasny Asset Management
Illinois
$51.2M +$13.9M +686,212 +44%
Morgan Stanley
5
Morgan Stanley
New York
$41.5M -$187K -9,250 -0.5%
Goldman Sachs
6
Goldman Sachs
New York
$36.8M -$10.7M -529,251 -25%
UBS Group
7
UBS Group
Switzerland
$27.2M -$11.8M -585,095 -33%
SG Americas Securities
8
SG Americas Securities
New York
$24.1M +$3.66M +180,731 +21%
Mirae Asset Global ETFs Holdings
9
Mirae Asset Global ETFs Holdings
Hong Kong
$18.2M +$1.17M +57,740 +8%
Renaissance Technologies
10
Renaissance Technologies
New York
$17.6M -$2.89M -142,600 -16%
Marshall Wace
11
Marshall Wace
United Kingdom
$16.2M -$19.9M -982,455 -58%
Manulife (Manufacturers Life Insurance)
12
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$15.6M -$5.19M -256,412 -27%
MIM
13
Merewether Investment Management
Texas
$14.3M +$6.21M +306,800 +96%
Citigroup
14
Citigroup
New York
$13.8M +$7.98M +394,226 +186%
SCM
15
Smead Capital Management
Arizona
$13.5M
CIA
16
Corigliano Investment Advisers
North Carolina
$13M -$7.26M -358,311 -39%
JP Morgan Chase
17
JP Morgan Chase
New York
$12.8M +$242K +11,941 +2%
TI
18
Trexquant Investment
Connecticut
$11.9M +$3M +148,039 +39%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$11.9M +$4.65M +229,760 +78%
Millennium Management
20
Millennium Management
New York
$11.7M +$6.42M +316,856 +161%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$11.4M -$3.22M -158,842 -24%
Deutsche Bank
22
Deutsche Bank
Germany
$10.1M +$911K +44,990 +11%
ECM
23
ExodusPoint Capital Management
New York
$9.98M +$8.35M +412,205 +1,610%
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$9.45M +$4.59M +226,590 +120%
Bank of America
25
Bank of America
North Carolina
$8.25M -$5.44M -268,814 -43%

FRO Hedge Fund Activity: Q3 2025 in Review

167 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Frontline (FRO) for Q3 2025, worth a combined $1.2B — up 31% from $918M a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of FRO and 41 opened new positions — a net loss of 2 holders — while 41 trimmed existing stakes and 63 added.

The largest buyer was Fidelity Investments, adding an estimated $73.6M. The largest seller was Encompass Capital Advisors, exiting entirely with an estimated $28.4M sold.

  • 167 institutional investors held Frontline (FRO) as of Q3 2025, down from 170 in Q2 2025.
  • Funds reported $1.2B of Frontline stock for Q3 2025, up 31% quarter-over-quarter.
  • 41 funds opened new Frontline positions in Q3 2025 and 43 closed out, a net change of -2 holders.
  • The largest Frontline buyer in Q3 2025 was Fidelity Investments, an estimated $73.6M added.
  • The largest Frontline seller in Q3 2025 was Encompass Capital Advisors, an estimated $28.4M sold.

Based on aggregated 13F filings for Q3 2025.