Ranked by reported Q1 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 | $113.3M | 0.0% | 13.969% | 42.40% |
| 2 | Wildcat Capital Management, LLC | 28.1M | $99.1M | 0.0% | 12.215% | 93.29% |
| 3 | U S GLOBAL INVESTORS INC | 6.8M | $23.9M | +63.9% | 2.952% | 2.79% |
| 4 | BlackRock, Inc. | 5.3M | $18.6M | -20.6% | 2.300% | 0.00% |
| 5 | MARSHALL WACE, LLP | 4.0M | $14.2M | +372.5% | 1.755% | 0.02% |
| 6 | Silver Point Capital L.P. | 3.7M | $12.9M | -25.9% | 1.591% | 0.99% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 3.6M | $12.7M | — | 1.563% | 0.00% |
| 8 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.3M | $11.6M | — | 1.425% | 0.00% |
| 9 | Ancient Art, L.P. | 3.1M | $11.0M | -12.9% | 1.359% | 2.40% |
| 10 | DIMENSIONAL FUND ADVISORS LP | 2.5M | $8.7M | -17.5% | 1.070% | 0.00% |
| 11 | STATE STREET CORP | 2.3M | $8.1M | +7.0% | 0.995% | 0.00% |
| 12 | TWO SIGMA INVESTMENTS, LP | 2.3M | $8.0M | +12.0% | 0.987% | 0.01% |
| 13 | PAR CAPITAL MANAGEMENT INC | 2.1M | $7.5M | -1.2% | 0.928% | 0.24% |
| 14 | GEODE CAPITAL MANAGEMENT, LLC | 1.8M | $6.4M | -17.1% | 0.792% | 0.00% |
| 15 | AMERICAN CENTURY COMPANIES INC | 1.8M | $6.2M | -0.7% | 0.765% | 0.00% |
| 16 | GOLDMAN SACHS GROUP INC | 1.2M | $4.2M | +84.0% | 0.513% | 0.00% |
| 17 | FIRST TRUST ADVISORS LP | 1.2M | $4.2M | +65.7% | 0.513% | 0.00% |
| 18 | TUDOR INVESTMENT CORP ET AL | 1.1M | $4.0M | — | 0.496% | 0.01% |
| 19 | Mountaineer Partners Management, LLC | 953K | $3.4M | 0.0% | 0.415% | 1.67% |
| 20 | Russell Investments Group, Ltd. | 928K | $3.3M | +384.9% | 0.404% | 0.00% |
| 21 | MORGAN STANLEY | 882K | $3.1M | -41.5% | 0.384% | 0.00% |
| 22 | Jump Financial, LLC | 797K | $2.8M | — | 0.347% | 0.04% |
| 23 | Point72 Asset Management, L.P. | 716K | $2.5M | -59.3% | 0.312% | 0.00% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 659K | $2.3M | -6.5% | 0.287% | 0.00% |
| 25 | UBS Group AG | 583K | $2.1M | +71.3% | 0.254% | 0.00% |
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 Q1 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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 157 | +3.3% | 30.00% | 9.46 pp | $431M | 24% |
| Q4 2025 | 152 | +0.7% | 39.46% | 1.42 pp | $568M | 3.5% |
| Q3 2025 | 151 | 3.8% | 40.88% | +9.91 pp | $588M | +32% |
| Q2 2025 | 157 | 7.6% | 30.97% | 4.60 pp | $445M | 13% |
| Q1 2025 | 170 | +6.3% | 35.57% | 21.44 pp | $512M | 38% |
| Q4 2024 | 160 | +13% | 57.01% | +14.29 pp | $820M | +33% |
| Q3 2024 | 141 | 2.8% | 42.72% | 8.87 pp | $614M | 17% |
| Q2 2024 | 145 | — | 51.59% | — | $742M | — |
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 Q1 2026 13F filings, institutional ownership of Frontier Group Holdings, Inc. stands at 30.0%, held across 157 reporting institutions.
Indigo Partners LLC is the largest reported institutional holder of ULCC, with approximately 32,092,007 shares worth $0.11B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of ULCC, including TWO SIGMA INVESTMENTS, LP, Point72 Asset Management, L.P..
Our composite Smart Money Score for ULCC is 46 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
35 institutions opened new positions in ULCC during Q1 2026, while 30 fully exited. 24 added to existing positions and 95 trimmed.
ULCC institutional ownership fell by 9.46 percentage points quarter-over-quarter, with a net change of +5 holders.
The top 10 institutions account for 75.6% of all reported 13F value in ULCC, and the top 25 account for 91.3%.
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