Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in ULCC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Indigo Partners LLC | 32.1M | $253.8M | 0.0% | 13.940% | 56.03% |
| 2 | Wildcat Capital Management, LLC | 28.1M | $222.0M | 0.0% | 12.189% | 97.13% |
| 3 | BlackRock, Inc. | 6.0M | $47.2M | +13.0% | 2.592% | 0.00% |
| 4 | U S GLOBAL INVESTORS INC | 4.9M | $38.9M | -27.5% | 2.135% | 3.74% |
| 5 | TWO SIGMA INVESTMENTS, LP | 4.7M | $37.0M | +106.4% | 2.034% | 0.03% |
| 6 | MARSHALL WACE, LLP | 4.2M | $33.3M | +4.3% | 1.827% | 0.03% |
| 7 | JANE STREET GROUP, LLC | 3.7M | $29.3M | +258.5% | 1.610% | 0.00% |
| 8 | VANGUARD CAPITAL MANAGEMENT LLC | 3.7M | $28.9M | +1.8% | 1.587% | 0.00% |
| 9 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.4M | $26.7M | +3.1% | 1.465% | 0.00% |
| 10 | MILLENNIUM MANAGEMENT LLC | 2.9M | $22.8M | +924.0% | 1.250% | 0.01% |
| 11 | DIMENSIONAL FUND ADVISORS LP | 2.5M | $19.8M | +1.7% | 1.086% | 0.00% |
| 12 | STATE STREET CORP | 2.4M | $19.1M | +5.6% | 1.049% | 0.00% |
| 13 | Ancient Art, L.P. | 2.4M | $18.9M | -23.3% | 1.040% | 3.87% |
| 14 | CITADEL ADVISORS LLC | 2.0M | $15.8M | +169.7% | 0.869% | 0.00% |
| 15 | GEODE CAPITAL MANAGEMENT, LLC | 1.9M | $15.1M | +5.2% | 0.831% | 0.00% |
| 16 | BALYASNY ASSET MANAGEMENT L.P. | 1.8M | $13.9M | — | 0.764% | 0.02% |
| 17 | TUDOR INVESTMENT CORP ET AL | 1.6M | $12.8M | +41.9% | 0.703% | 0.02% |
| 18 | Silver Point Capital L.P. | 1.5M | $12.1M | -58.0% | 0.667% | 1.10% |
| 19 | Point72 Asset Management, L.P. | 1.4M | $11.4M | +101.2% | 0.626% | 0.01% |
| 20 | RENAISSANCE TECHNOLOGIES LLC | 1.4M | $11.0M | — | 0.606% | 0.02% |
| 21 | D. E. Shaw & Co., Inc. | 1.2M | $9.6M | +488.1% | 0.525% | 0.00% |
| 22 | GOLDMAN SACHS GROUP INC | 1.2M | $9.4M | +0.6% | 0.515% | 0.00% |
| 23 | JPMORGAN CHASE & CO | 1.2M | $9.2M | +4996.6% | 0.533% | 0.00% |
| 24 | BANK OF AMERICA CORP /DE/ | 928K | $7.3M | +118.2% | 0.403% | 0.00% |
| 25 | Jump Financial, LLC | 908K | $7.2M | +14.0% | 0.395% | 0.06% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in ULCC — a direct measure of their conviction.
Filings activity in ULCC during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 179 | +11% | 59.52% | +4.34 pp | $1.06B | +143% |
| Q1 2026 | 161 | +1.9% | 55.18% | +0.01 pp | $437M | 25% |
| Q4 2025 | 158 | +0.0% | 55.17% | 4.33 pp | $586M | 2.0% |
| Q3 2025 | 158 | +0.6% | 59.50% | +5.22 pp | $598M | +34% |
| Q2 2025 | 157 | 7.6% | 54.28% | +2.25 pp | $445M | 13% |
| Q1 2025 | 170 | +6.3% | 52.03% | +0.55 pp | $512M | 38% |
| Q4 2024 | 160 | +13% | 51.48% | 0.19 pp | $820M | +33% |
| Q3 2024 | 141 | — | 51.67% | — | $614M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying ULCC stock.
Based on Q2 2026 13F filings, institutional ownership of Frontier Group Holdings, Inc. stands at 59.5%, held across 179 reporting institutions.
Indigo Partners LLC is the largest reported institutional holder of ULCC, with approximately 32,092,007 shares worth $0.25B as of Q2 2026.
Yes — 6 widely-followed marquee investors appear among the top 25 institutional holders of ULCC, including TWO SIGMA INVESTMENTS, LP, JANE STREET GROUP, LLC, MILLENNIUM MANAGEMENT LLC, CITADEL ADVISORS LLC, Point72 Asset Management, L.P..
Our composite Smart Money Score for ULCC is 82 out of 100 (Strong Smart Money). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
42 institutions opened new positions in ULCC during Q2 2026, while 22 fully exited. 115 added to existing positions and 17 trimmed.
ULCC institutional ownership rose by 4.34 percentage points quarter-over-quarter, with a net change of +18 holders.
The top 10 institutions account for 69.5% of all reported 13F value in ULCC, and the top 25 account for 87.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Frontier Group Holdings, Inc. (ULCC) Institutional Ownership