Frontier Group Holdings, Inc. (ULCC) Ownership
ULCC ownership summary
as of October 18, 2026- Institutions
- 59.4% of shares outstanding
- Insiders
- 43.34% of shares outstanding
- Shares outstanding
- 230.2M
- Float
- 70.3M shares available to trade
- Short interest
- 40.08% 23.5M shares short
- Days to cover
- 9.47 short interest down 3.0% vs prior month
- Institutions 59.43%
- Insiders 43.34%
ULCC top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Indigo Partners LLC | 13.94% | 32.1M | $151.5M | — | June 30, 2026 |
| 2 | Wildcat Capital Management, LLC | 12.19% | 28.1M | $132.4M | — | June 30, 2026 |
| 3 | BlackRock Inc | 2.59% | 6.0M | $28.2M | +684,650 (+13.0%) | June 30, 2026 |
| 4 | US Global Investors Inc | 2.13% | 4.9M | $23.2M | −1.9M (−27.5%) | June 30, 2026 |
| 5 | Two Sigma Investments LLC | 2.03% | 4.7M | $22.1M | +2.4M (+106.4%) | June 30, 2026 |
| 6 | Marshall Wace Asset Management Ltd | 1.83% | 4.2M | $19.8M | +173,362 (+4.3%) | June 30, 2026 |
| 7 | Vanguard Capital Management, LLC | 1.59% | 3.7M | $17.2M | +64,217 (+1.8%) | June 30, 2026 |
| 8 | Jane Street Group LLC | 1.55% | 3.6M | $16.8M | +2.6M (+267.1%) | June 30, 2026 |
| 9 | Vanguard Portfolio Management, LLC | 1.47% | 3.4M | $15.9M | +101,144 (+3.1%) | June 30, 2026 |
| 10 | Millennium Management LLC | 1.25% | 2.9M | $13.6M | +2.6M (+924.0%) | June 30, 2026 |
| 11 | Dimensional Fund Advisors, Inc. | 1.09% | 2.5M | $11.8M | +42,095 (+1.7%) | June 30, 2026 |
| 12 | State Street Corp | 1.05% | 2.4M | $11.4M | +128,327 (+5.6%) | June 30, 2026 |
| 13 | Ancient Art, L.P. | 1.04% | 2.4M | $11.3M | −727,585 (−23.3%) | June 30, 2026 |
| 14 | Geode Capital Management, LLC | 0.83% | 1.9M | $9.0M | +93,962 (+5.2%) | June 30, 2026 |
| 15 | Balyasny Asset Management LLC | 0.76% | 1.8M | $8.3M | +1.8M (0.0%) | June 30, 2026 |
| 16 | Citadel Advisors Llc | 0.76% | 1.8M | $8.3M | +1.2M (+228.0%) | June 30, 2026 |
| 17 | HRT FINANCIAL LLC | 0.73% | 1.7M | $7.9M | −3,532 (−0.2%) | June 30, 2026 |
| 18 | Tudor Investment Corp Et AL | 0.70% | 1.6M | $7.6M | +477,481 (+41.9%) | June 30, 2026 |
| 19 | Silver Point Capital LP | 0.67% | 1.5M | $7.2M | −2.1M (−58.0%) | June 30, 2026 |
| 20 | Point72 Asset Management, L.P. | 0.63% | 1.4M | $6.8M | +724,742 (+101.2%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 14 holders added 13.1M shares and 4 cut 4.7M.
ULCC top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | US Global Jets ETF | 2.31% | 5.3M | $25.1M | +124,614 (+2.4%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 1.12% | 2.6M | $12.2M | — | August 31, 2026 |
| 3 | Vanguard Small Cap Index | 1.01% | 2.3M | $11.0M | +483,768 (+26.2%) | September 30, 2026 |
| 4 | iShares Russell 2000 ETF | 0.69% | 1.6M | $7.5M | −18,304 (−1.1%) | September 30, 2026 |
| 5 | Vanguard MStar Small Cap Growth Indx Inv | 0.56% | 1.3M | $6.1M | +242,520 (+23.0%) | September 30, 2026 |
| 6 | Fidelity Small Cap Index | 0.28% | 648K | $3.1M | +5,878 (+0.9%) | July 31, 2026 |
| 7 | iShares Russell 2000 Growth ETF | 0.23% | 539K | $2.5M | −682 (−0.1%) | September 30, 2026 |
| 8 | DFA US Small Cap I | 0.21% | 492K | $2.3M | — | August 31, 2026 |
| 9 | Lazard Baylight US Sm Cap Eq WW Dist EUR | 0.20% | 455K | $2.1M | −4,732 (−1.0%) | June 30, 2026 |
| 10 | Schwab US Small-Cap ETF™ | 0.19% | 443K | $2.1M | +297 (+0.1%) | September 30, 2026 |
| 11 | Dimensional US Core Equity 2 ETF | 0.19% | 436K | $2.1M | — | September 30, 2026 |
| 12 | Fidelity Extended Market Index | 0.18% | 420K | $2.0M | −2,256 (−0.5%) | August 31, 2026 |
| 13 | Dimensional US Small Cap ETF | 0.16% | 359K | $1.7M | −5,718 (−1.6%) | September 30, 2026 |
| 14 | Vanguard Russell 2000 ETF | 0.15% | 346K | $1.6M | +3,307 (+1.0%) | September 30, 2026 |
| 15 | PRIMECAP Odyssey Aggressive Growth | 0.15% | 341K | $1.6M | — | June 30, 2026 |
| 16 | State Street® SPDR® S&PTrsptnETF | 0.13% | 299K | $1.4M | −1,986 (−0.7%) | September 30, 2026 |
| 17 | Nuveen Equity Index R6 | 0.11% | 263K | $1.2M | — | August 31, 2026 |
| 18 | Invesco Dorsey Wright SmallCap Momt ETF | 0.11% | 250K | $1.2M | −665 (−0.3%) | September 30, 2026 |
| 19 | GuideStone Funds Small Cap Equity Instl | 0.11% | 249K | $1.2M | +248,514 (0.0%) | September 30, 2026 |
| 20 | iShares Transportation Average ETF | 0.10% | 230K | $1.1M | +3,311 (+1.5%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
ULCC insider transactions
latest 8| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-02-06 | Steve Schuller | Sell | $6.00 | 5,000 | $30,000 |
| 2025-12-11 | Barry Biffle | Sell | $5.78 | 82,627 | $477,584 |
| 2025-12-10 | Barry Biffle | Sell | $6.01 | 17,373 | $104,412 |
| 2025-12-10 | Steve Schuller | Sell | $6.00 | 5,000 | $30,000 |
| 2025-12-08 | Barry Biffle | Sell | $5.54 | 100,000 | $554,000 |
| 2025-12-05 | Barry Biffle | Sell | $5.05 | 44,813 | $226,306 |
| 2025-12-04 | Barry Biffle | Sell | $5.04 | 55,187 | $278,142 |
| 2025-06-02 | Alexandre Clerc | Sell | $3.89 | 12,000 | $46,680 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
ULCC shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns ULCC
Institutional investors own 59.4% of Frontier's shares and insiders 43.34%. The largest holder is Indigo Partners LLC with 13.94% of the shares (32.1M), as of June 30, 2026. Among the top 20 institutions, 14 added shares and 4 reduced their stake in the latest filings. Short interest is 40.08% of the float, or 9.47 days of average trading volume. The share count rose 7.3% since 2016.
Related: ULCC analyst forecast, ULCC key metrics. See the ULCC stock overview for the latest quote and news.
ULCC ownership FAQ
Who owns the most Frontier stock?
The largest shareholders of Frontier are Indigo Partners LLC (13.94%), Wildcat Capital Management, LLC (12.19%), BlackRock Inc (2.59%), US Global Investors Inc (2.13%), Two Sigma Investments LLC (2.03%).
What percentage of Frontier is owned by institutions?
Institutions hold 59.4% of Frontier's shares outstanding; insiders hold 43.34%.
Which funds own Frontier?
The largest fund holders of Frontier are US Global Jets ETF (2.31%), Vanguard MStar Total Stk Mkt Idx Invest (1.12%), Vanguard Small Cap Index (1.01%), iShares Russell 2000 ETF (0.69%), Vanguard MStar Small Cap Growth Indx Inv (0.56%).
What is Frontier's short interest?
23.5M shares of Frontier were sold short, 40.08% of the float; at the average daily volume it would take 9.47 days to cover.
Are insiders buying or selling Frontier?
Of the latest 8 reported insider transactions in Frontier (since June 2, 2025), 0 were purchases and 8 were sales.
How many shares of Frontier are outstanding?
Frontier has 230.2M shares outstanding, of which 70.3M are in the public float.