Spirit Airlines, Inc.
SAVE
SAVE was delisted on the 15th of November, 2024.
212 hedge funds and large institutions have $720M invested in Spirit Airlines, Inc. in 2020 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 62 increasing their positions, 64 reducing their positions, and 79 closing their positions.
43% more call options, than puts
Call options by funds: $26.9M | Put options by funds: $18.9M
3% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 64
12% less funds holding
Funds holding: 240 → 212 (-28)
32% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 79
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
74% less capital invested
Capital invested by funds: $2.76B → $720M (-$2.04B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$36.3M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
+$29.8M |
| 3 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
+$24.1M |
| 4 |
SFI
Sonic Fund II
Honolulu,
Hawaii
|
+$19.3M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
Carmignac Gestion
Paris,
France
|
-$117M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$78.8M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$38M |
| 4 |
Millennium Management
New York
|
-$31.6M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$31.4M |
SAVE Hedge Fund Activity: Q1 2020 in Review
212 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Spirit Airlines, Inc. (SAVE) for Q1 2020, worth a combined $720M — down 74% from $2.76B a quarter earlier.
Sellers outnumbered buyers: 79 funds closed out of SAVE and 54 opened new positions — a net loss of 25 holders — while 64 trimmed existing stakes and 62 added.
The largest buyer was PAR Capital Management, adding an estimated $36.3M. The largest seller was Carmignac Gestion, exiting entirely with an estimated $117M sold.
- 212 institutional investors held Spirit Airlines, Inc. (SAVE) as of Q1 2020, down from 240 in Q4 2019.
- Funds reported $720M of Spirit Airlines, Inc. stock for Q1 2020, down 74% quarter-over-quarter.
- 54 funds opened new Spirit Airlines, Inc. positions in Q1 2020 and 79 closed out, a net change of -25 holders.
- The largest Spirit Airlines, Inc. buyer in Q1 2020 was PAR Capital Management, an estimated $36.3M added.
- The largest Spirit Airlines, Inc. seller in Q1 2020 was Carmignac Gestion, an estimated $117M sold.
Based on aggregated 13F filings for Q1 2020.