Spirit Airlines, Inc.
SAVE
SAVE was delisted on the 15th of November, 2024.
230 hedge funds and large institutions have $2.45B invested in Spirit Airlines, Inc. in 2019 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 77 increasing their positions, 73 reducing their positions, and 53 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 73
8% less funds holding
Funds holding: 250 → 230 (-20)
24% less capital invested
Capital invested by funds: $3.25B → $2.45B (-$795M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
36% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 53
85% less call options, than puts
Call options by funds: $18.7M | Put options by funds: $121M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$31.2M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$28.3M |
| 3 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$16.6M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
+$15.8M |
| 5 |
AA
Ancient Art
Austin,
Texas
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$28M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$20.9M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$20.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$20.2M |
| 5 |
ABC
Anchor Bolt Capital
Chicago,
Illinois
|
-$17.4M |
SAVE Hedge Fund Activity: Q3 2019 in Review
230 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Spirit Airlines, Inc. (SAVE) for Q3 2019, worth a combined $2.45B — down 24% from $3.25B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of SAVE and 34 opened new positions — a net loss of 19 holders — while 73 trimmed existing stakes and 77 added.
The largest buyer was Parallax Volatility Advisers, opening a new position worth an estimated $31.2M. The largest seller was Millennium Management, cutting an estimated $28M.
- 230 institutional investors held Spirit Airlines, Inc. (SAVE) as of Q3 2019, down from 250 in Q2 2019.
- Funds reported $2.45B of Spirit Airlines, Inc. stock for Q3 2019, down 24% quarter-over-quarter.
- 34 funds opened new Spirit Airlines, Inc. positions in Q3 2019 and 53 closed out, a net change of -19 holders.
- The largest Spirit Airlines, Inc. buyer in Q3 2019 was Parallax Volatility Advisers, an estimated $31.2M added.
- The largest Spirit Airlines, Inc. seller in Q3 2019 was Millennium Management, an estimated $28M sold.
Based on aggregated 13F filings for Q3 2019.