Frontier Group Holdings
ULCC
131 hedge funds and large institutions have $1.08B invested in Frontier Group Holdings in 2023 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 42 increasing their positions, 34 reducing their positions, and 23 closing their positions.
61% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 23
27% more call options, than puts
Call options by funds: $5.38M | Put options by funds: $4.24M
24% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 34
11% more funds holding
Funds holding: 118 → 131 (+13)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.1% less ownership
Funds ownership: 101.17% → 101.07% (-0.1%)
50% less capital invested
Capital invested by funds: $2.15B → $1.08B (-$1.07B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancient Art
Austin,
Texas
|
+$20.5M |
| 2 |
TC
Towle & Co
Denver,
Colorado
|
+$14M |
| 3 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
+$12M |
| 4 |
Millennium Management
New York
|
+$7.17M |
| 5 |
FDS
First Dallas Securities
Dallas,
Texas
|
+$6.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$26.4M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$12.4M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$9.9M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$6.29M |
| 5 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$6.16M |
ULCC Hedge Fund Activity: Q3 2023 in Review
131 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Frontier Group Holdings (ULCC) for Q3 2023, worth a combined $1.08B — down 50% from $2.15B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new ULCC positions and 23 closed out — a net gain of 14 holders — while 42 added to existing stakes and 34 trimmed.
The largest buyer was Ancient Art, adding an estimated $20.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $26.4M.
- 131 institutional investors held Frontier Group Holdings (ULCC) as of Q3 2023, up from 118 in Q2 2023.
- Funds reported $1.08B of Frontier Group Holdings stock for Q3 2023, down 50% quarter-over-quarter.
- 37 funds opened new Frontier Group Holdings positions in Q3 2023 and 23 closed out, a net change of +14 holders.
- The largest Frontier Group Holdings buyer in Q3 2023 was Ancient Art, an estimated $20.5M added.
- The largest Frontier Group Holdings seller in Q3 2023 was T. Rowe Price Associates, an estimated $26.4M sold.
Based on aggregated 13F filings for Q3 2023.