Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Frontier Group Hldgs Inc (ULCC)

160 + 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: 34 → 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 → 34 → 37 → 24 → 32 new funds/Q
New funds entering each quarter: 34 → 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.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 15% 1-2yr ■ 19% new
Of 169 current holders: 112 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds
40 of 160 holders rank in the top 100 by AUM, but together hold only 15% 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 Q1 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 March 31, 2026 · 74d ago
ULCC
+77.1%
XLI
-76.3%

ULCC outperformed XLI by +153.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
ULCC
+31.6%
XLI
-6.5%

Since the filing became public, ULCC outperformed XLI by +38.1% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: ULCC
160 + 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 160 158 1.27%
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 27 +3
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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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

160 + 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:
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 93.29% 28,061,351 $99.1M
2 Indigo Partners LLC 42.40% 32,092,007 $113.3M
3 Prentice Capital Management, LP 4.10% 531,326 $1.9M
4 U S Global Investors Inc 2.79% 6,781,412 $23.9M
5 Ancient Art, L.P. 2.40% 3,122,704 $11.0M
6 Mountaineer Partners Management, LLC 1.67% 953,375 $3.4M
7 Silver Point Capital L.P. 0.99% 3,655,000 $12.9M
8 Par Capital Management Inc 0.22% 2,131,100 $7.5M
9 Crawford Fund Management, LLC 0.17% 250,000 $882K
10 Optimize Financial Inc 0.17% 97,037 $343K
11 nVerses Capital, LLC 0.15% 46,393 $164K
12 Straightline Group LLC 0.12% 65,576 $231K
13 Scientech Research LLC 0.08% 27,957 $99K
14 Mountain Capital Investment Advisors Inc. 0.08% 140,535 $540K
15 Blueshift Asset Management, LLC 0.06% 59,391 $210K
16 PDT Partners, LLC 0.06% 277,299 $979K
17 Numerai GP LLC 0.06% 163,635 $578K
18 Diametric Capital, LP 0.05% 56,943 $201K
19 State of Wyoming 0.04% 107,250 $379K
20 Jump Financial, LLC 0.04% 796,600 $2.8M
21 Quantbot Technologies LP 0.04% 250,607 $885K
22 Quinn Opportunity Partners LLC 0.03% 190,200 $671K
23 Susquehanna Fundamental Investments, LLC 0.03% 217,467 $768K
24 Nebula Research & Development LLC 0.02% 65,061 $236K
25 Susquehanna Portfolio Strategies, LLC 0.02% 309,990 $1.1M
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 — 15% AUM from top-100: 40 of 160 holders rank in the top 100 by AUM, but together hold only 15% 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 Q1 hedge fund 13F filings?

As of today, ULCC has moved +31.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -6.5% for the XLI sector ETF — an outperformance of +38.1%. Since the quarter end (March 31, 2026), ULCC has gained +77.1% vs -76.3% for XLI. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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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