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Frontier Group Holdings
ULCC

176 hedge funds and large institutions have $518M invested in Frontier Group Holdings in 2025 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 61 increasing their positions, 42 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 27

45% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 42

10% more funds holding

Funds holding: 160 → 176 (+16)

1% more ownership

Funds ownership: 51.48% → 52.48% (+1%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

37% less capital invested

Capital invested by funds: $825M → $518M (-$307M)

51% less call options, than puts

Call options by funds: $1.65M | Put options by funds: $3.34M

Holders
176
Holders Change
+16
Holders Change %
+10%
% of All Funds
2.36%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
44
Increased
61
Reduced
42
Closed
27
Calls
$1.65M
Puts
$3.34M
Net Calls
-$1.69M
Net Calls Change
-$3.23M

Top Buyers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$15.6M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$10.8M
3
SSA
Schonfeld Strategic Advisors
New York
+$9.36M
4
Bank of America
Bank of America
North Carolina
+$8.84M
5
SPC
Silver Point Capital
Connecticut
+$6.7M

Top Sellers

Rank Fund Capital Flow
1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$17M
2
TC
Towle & Co
Colorado
-$11.8M
3
USGIU
U.S. Global Investors (USGI)
Texas
-$10.9M
4
Millennium Management
Millennium Management
New York
-$7.04M
5
AA
Ancient Art
Texas
-$6.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$2.54M +$4.17M +560,434 +2,202%
Morgan Stanley
27
Morgan Stanley
New York
$2.52M -$2.07M -278,235 -32%
Charles Schwab
28
Charles Schwab
California
$2.47M -$22K -2,956 -0.5%
SIA
29
SkyView Investment Advisors
New Jersey
$2.33M +$82.9K +11,141 +2%
Millennium Management
30
Millennium Management
New York
$2.27M -$7.04M -945,509 -64%
Tudor Investment Corp
31
Tudor Investment Corp
Connecticut
$2.26M +$3.88M +520,672 New
TI
32
Trexquant Investment
Connecticut
$2.22M +$3.81M +512,487 New
Northern Trust
33
Northern Trust
Illinois
$2.16M -$24.9K -3,351 -0.7%
Primecap Management
34
Primecap Management
California
$1.88M +$372K +50,000 +13%
Los Angeles Capital Management
35
Los Angeles Capital Management
California
$1.78M +$3.05M +410,367 New
Creative Planning
36
Creative Planning
Kansas
$1.74M +$968K +130,106 +48%
OIA
37
OneDigital Investment Advisors
Kansas
$1.68M -$492K -66,147 -15%
Renaissance Technologies
38
Renaissance Technologies
New York
$1.52M +$2.61M +350,200 New
Citadel Advisors
39
Citadel Advisors
Florida
$1.36M +$2.33M +312,542 New
GCM
40
Graham Capital Management
Connecticut
$1M +$1.72M +231,136 New
HF
41
HRT Financial
New York
$943K +$900K +120,958 +125%
EGM
42
Engineers Gate Manager
New York
$905K +$1.55M +208,542 New
Russell Investments Group
43
Russell Investments Group
United Kingdom
$877K +$1.5M +201,550 +37,186%
QOP
44
Quinn Opportunity Partners
Virginia
$825K +$1.42M +190,200 New
Barclays
45
Barclays
United Kingdom
$693K +$580K +77,862 +95%
Jane Street
46
Jane Street
New York
$638K +$869K +116,802 +388%
CMF
47
Counterpoint Mutual Funds
California
$611K +$716K +96,164 +215%
Bank of New York Mellon
48
Bank of New York Mellon
New York
$573K -$49.9K -6,710 -5%
Squarepoint
49
Squarepoint
New York
$550K -$1.92M -257,767 -67%
QT
50
Quantbot Technologies
New York
$543K +$932K +125,149 New
1
2
3 4 5

ULCC Hedge Fund Activity: Q1 2025 in Review

176 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Frontier Group Holdings (ULCC) for Q1 2025, worth a combined $518M — down 37% from $825M a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new ULCC positions and 27 closed out — a net gain of 17 holders — while 61 added to existing stakes and 42 trimmed.

The largest buyer was Qube Research & Technologies (QRT), opening a new position worth an estimated $15.6M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $17M sold.

  • 176 institutional investors held Frontier Group Holdings (ULCC) as of Q1 2025, up from 160 in Q4 2024.
  • Funds reported $518M of Frontier Group Holdings stock for Q1 2025, down 37% quarter-over-quarter.
  • 44 funds opened new Frontier Group Holdings positions in Q1 2025 and 27 closed out, a net change of +17 holders.
  • The largest Frontier Group Holdings buyer in Q1 2025 was Qube Research & Technologies (QRT), an estimated $15.6M added.
  • The largest Frontier Group Holdings seller in Q1 2025 was Balyasny Asset Management, an estimated $17M sold.

Based on aggregated 13F filings for Q1 2025.