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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
HPC
176
Highland Peak Capital
Connecticut
– -$6.49M -913,110 Closed
ECP
177
Empyrean Capital Partners
California
– -$4.98M -700,000 Closed
AG
178
AlTi Global
New York
– -$2.7M -379,997 Closed
RAM
179
Readystate Asset Management
Illinois
– -$2.53M -356,318 Closed
Group One Trading
180
Group One Trading
Illinois
– -$1.15M -154,273 Closed
LIP
181
Lighthouse Investment Partners
Florida
– -$849K -119,436 Closed
BAM
182
Blueshift Asset Management
New Jersey
– -$725K -101,924 Closed
DFCM
183
Dark Forest Capital Management
Puerto Rico
– -$569K -80,091 Closed
Man Group
184
Man Group
United Kingdom
– -$565K -79,531 Closed
GCP
185
GSA Capital Partners
United Kingdom
– -$504K -70,924 Closed
JF
186
Jump Financial
Illinois
– -$447K -62,824 Closed
DTL
187
Dynamic Technology Lab
Singapore
– -$399K -56,050 Closed
SWM
188
Spire Wealth Management
Virginia
– -$327K -45,950 Closed
MGAM
189
McGowan Group Asset Management
Texas
– -$277K -39,000 Closed
BHCM
190
Brevan Howard Capital Management
Jersey
– -$239K -33,646 Closed
CC
191
Centiva Capital
New York
– -$170K -23,955 Closed
CCG
192
Catalina Capital Group
California
– -$163K -22,888 Closed
BFG
193
Bleakley Financial Group
New Jersey
– -$133K -18,738 Closed
IWM
194
IHT Wealth Management
Illinois
– -$94.9K -13,350 Closed
Walleye Trading
195
Walleye Trading
New York
– -$90.5K -12,732 Closed
ProShare Advisors
196
ProShare Advisors
Maryland
– -$84.5K -11,879 Closed
RS
197
R Squared
Hong Kong
– -$31.9K -4,490 Closed
AAP
198
Arax Advisory Partners
Colorado
– -$10.6K -1,493 Closed
VWM
199
Venturi Wealth Management
Texas
– -$4.79K -673 Closed
QL
200
Quarry LP
New York
– -$2.63K -370 Closed
5 6 7
8
9

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.