Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Frontier Group Hldgs Inc (ULCC)

159 + Investors. Track Smart Money conviction in ULCC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
43%

Smart Money Signals — ULCC

Based on 160 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added ULCC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
160 funds currently hold this stock — 94% of the 3.0-year high of 171 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 6% fewer funds vs a year ago

fund count last 6Q
11 fewer hedge funds hold ULCC compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

73 buying95 selling
Last quarter: 95 funds reduced or exited vs 73 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new ULCC position: 35 → 37 → 24 → 32. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 30% medium ■ 18% new
84 out of 160 hedge funds have held ULCC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +1%, value -24%

Value
-24%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -24%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

41 → 35 → 37 → 24 → 32 new funds/Q
New funds entering each quarter: 35 → 37 → 24 → 32. ULCC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 66% veterans vs 19% newcomers

■ 66% veterans ■ 15% 1-2yr ■ 19% new
Entry-cohort mix of 169 holders: 112 (66%) are 2+ year veterans, 25 entered 1–2 years ago, and 32 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 19% AUM from top-100

19% from top-100 AUM funds
43 of 159 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ULCC

In 2026 Q1, 73 hedge funds were net buyers of ULCC (32 opened a new position, 41 added to an existing one), while 95 reduced or exited (65 trimmed, 30 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 160.

Hedge Fund Ownership: ULCC

How many hedge funds hold ULCC — quarterly history vs. share price
Quarterly hedge fund ownership of ULCC vs. share price

Market Analysis: ULCC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ULCC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Frontier Group Hldgs Inc (ULCC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ULCC has moved relative to its sector benchmark (XLI) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 47d ago
ULCC
-15.4%
XLI
+0.7%

ULCC outperformed XLI by -16.1% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
ULCC
+0.0%
XLI
+0.0%

Since the filing became public, ULCC outperformed XLI by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 1 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: ULCC
2026 Q2 Stats Unlock in 3 days 159 + Investors

Track Smart Money conviction in ULCC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 159 158 0.63%
13F Shares 128M 126M 1.31%
Total Value $450M $595M -24.31%
New Positions 32 24 +8
Increased Positions 37 44 -7
Closed Positions 30 28 +2
Reduced Positions 63 62 +1
Total Calls 5 7 -28.57%
Total Puts 5 6 -16.67%
PUT/CALL Ratio 1.0 0.86 Neutral

Statistics: ULCC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

159 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ULCC. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 ULCC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Wildcat Capital Management, LLC 97.13% 28,061,351 $222.0M
2 Indigo Partners LLC 56.03% 32,092,007 $253.8M
3 Prentice Capital Management, LP 9.41% 628,567 $5.0M
4 Ancient Art, L.P. 3.87% 2,395,119 $18.9M
5 U S Global Investors Inc 3.74% 4,914,655 $38.9M
6 Blueshift Asset Management, LLC 0.64% 348,080 $2.8M
7 VARCOV Co. 0.55% 184,084 $1.5M
8 Olympiad Research LP 0.37% 22,392 $177K
9 Crawford Fund Management, LLC 0.33% 270,000 $2.1M
10 Sound Capital Solutions LLC 0.18% 96,701 $765K
11 Landscape Capital Management, L.L.C. 0.13% 249,973 $2.0M
12 Mountain Capital Investment Advisors Inc. 0.12% 109,529 $866K
13 Occudo Quantitative Strategies LP 0.11% 257,976 $2.0M
14 Straightline Group LLC 0.10% 26,670 $211K
15 State of Wyoming 0.09% 116,887 $925K
16 PDT Partners, LLC 0.08% 200,498 $1.6M
17 Quinn Opportunity Partners LLC 0.07% 190,200 $1.5M
18 Numerai GP LLC 0.07% 106,881 $845K
19 Aquatic Capital Management LLC 0.07% 250,722 $2.0M
20 R Squared Ltd 0.05% 12,365 $98K
21 Axq Capital, LP 0.05% 59,460 $470K
22 Voleon Capital Management LP 0.05% 312,699 $2.5M
23 Mirabella Financial Services LLP 0.04% 48,695 $385K
24 Quantbot Technologies LP 0.04% 112,221 $888K
25 CastleKnight Management LP 0.03% 300,800 $2.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Frontier Group Hldgs Inc (ULCC)

What does the Smart Money Trend signal show for ULCC?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added ULCC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ULCC?

More sellers than buyers — 43% buying: Last quarter: 95 funds reduced or exited vs 73 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ULCC holders?

Smaller funds dominant — 19% AUM from top-100: 43 of 159 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ULCC?

52% of holders stayed for 2+ years: 84 out of 160 hedge funds have held ULCC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Frontier Group Hldgs Inc (ULCC) following the 2026 Q2 hedge fund 13F filings?

As of today, ULCC has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLI sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), ULCC has gained -15.4% vs +0.7% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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