ULCCNasdaqAir Transportation, ScheduledFiscal year ends December 31
Frontier Group Holdings, Inc.
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$4.61−0.11 (-2.33%)
Close on Oct 19, 2026
- Market cap
- $1.06B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
59.1%
136M of 230M shares
Institutional holders
178
45 new, 24 sold out
Net institutional buying
11M
In Q2 2026
Insider trades, 12 months
0 buys · 21 sales
Net sold $89.33M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| William A. Franke | 99,477,799 | 44.10% | 13G (passive) amendment | Sep 30, 2024 |
| Wildcat Partner Holdings, LP | 28,061,351 | – | 13G (passive) | Apr 5, 2024 |
| Group Holdings - Frontier LLC | 22,706,526 | 9.90% | 13G (passive) amendment | Jul 9, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ULCC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Indigo Partners LLC | 32,092,007 | 13.94% | $253.85M | – | 56.03% |
| Wildcat Capital Management, LLC | 28,061,351 | 12.19% | $221.97M | – | 97.13% |
| BlackRock, Inc. | 5,967,733 | 2.59% | $47.20M | +684,650 | 0.00% |
| U S Global Investors Inc | 4,914,655 | 2.13% | $38.87M | −1,866,757 | 3.74% |
| Two Sigma Investments, LP | 4,681,564 | 2.03% | $37.03M | +2,413,508 | 0.03% |
| Marshall Wace, Llp | 4,204,881 | 1.83% | $33.26M | +173,362 | 0.03% |
| Vanguard Capital Management LLC | 3,654,174 | 1.59% | $28.90M | +64,217 | 0.00% |
| Jane Street Group, LLC | 3,569,335 | 1.55% | $28.23M | +2,596,903 | 0.00% |
| Vanguard Portfolio Management LLC | 3,373,624 | 1.47% | $26.69M | +101,144 | 0.00% |
| Millennium Management LLC | 2,878,001 | 1.25% | $22.76M | +2,596,938 | 0.01% |
| Dimensional Fund Advisors LP | 2,499,595 | 1.09% | $19.77M | +42,095 | 0.00% |
| State Street Corp | 2,414,597 | 1.05% | $19.10M | +128,327 | 0.00% |
| Ancient Art, L.P. | 2,395,119 | 1.04% | $18.95M | −727,585 | 3.87% |
| Geode Capital Management, LLC | 1,914,167 | 0.83% | $15.15M | +93,962 | 0.00% |
| Balyasny Asset Management L.P. | 1,758,027 | 0.76% | $13.91M | New | 0.02% |
| Citadel Advisors LLC | 1,757,871 | 0.76% | $13.90M | +1,222,012 | 0.00% |
| Hrt Financial LP | 1,670,502 | 0.73% | $13.21K | −3,532 | 0.00% |
| Tudor Investment Corp Et Al | 1,617,675 | 0.70% | $12.80M | +477,481 | 0.02% |
| Silver Point Capital L.P. | 1,535,000 | 0.67% | $12.14M | −2,120,000 | 1.10% |
| Point72 Asset Management, L.P. | 1,440,938 | 0.63% | $11.40M | +724,742 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 178 | 136M | 59.1% | 45 / 66 | 43 / 24 | 24M | 13M |
| Q1 2026 | 161 | 126M | 54.7% | 34 / 37 | 64 / 28 | 22M | 14M |
| Q4 2025 | 156 | 125M | 54.4% | 22 / 42 | 62 / 20 | 12M | 22M |
| Q3 2025 | 157 | 135M | 58.6% | 35 / 62 | 35 / 32 | 18M | 7M |
| Q2 2025 | 156 | 124M | 53.8% | 32 / 61 | 41 / 50 | 20M | 16M |
| Q1 2025 | 176 | 120M | 51.9% | 45 / 63 | 40 / 27 | 17M | 14M |
| Q4 2024 | 160 | 116M | 50.4% | 40 / 57 | 32 / 22 | 12M | 12M |
| Q3 2024 | 143 | 116M | 50.6% | 31 / 40 | 51 / 32 | 18M | 9M |
| Q2 2024 | 145 | 111M | 48.3% | 33 / 56 | 39 / 28 | 40M | 154M |
| Q1 2024 | 141 | 226M | 98.0% | 32 / 49 | 42 / 19 | 8M | 10M |
| Q4 2023 | 130 | 228M | 98.8% | 22 / 44 | 45 / 22 | 11M | 7M |
| Q3 2023 | 131 | 223M | 96.9% | 37 / 42 | 34 / 23 | 13M | 11M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of ULCC | Value | % of fund | As of |
|---|---|---|---|---|---|
| U.S. Global Jets ETF | 4,914,655 | 2.13% | $38.87M | 4.05% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,588,340 | 1.12% | $20.47M | 0.00% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,842,577 | 0.80% | $14.57M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,577,656 | 0.69% | $12.48M | 0.02% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,057,969 | 0.46% | $8.37M | 0.02% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 981,787 | 0.43% | $7.77M | 0.01% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Transportation ETF | 736,235 | 0.32% | $5.82M | 1.59% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 648,350 | 0.28% | $4.38M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 559,040 | 0.24% | $4.42M | 0.03% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 492,426 | 0.21% | $3.32M | 0.02% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 442,505 | 0.19% | $2.68M | 0.01% | May 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 438,289 | 0.19% | $2.96M | 0.01% | Jul 31, 2026 |
| Schwab U.S. Small-Cap ETF | 406,779 | 0.18% | $2.46M | 0.01% | May 31, 2026 |
| Dimensional U.S. Small Cap ETF | 375,476 | 0.16% | $2.53M | 0.02% | Jul 31, 2026 |
| PRIMECAP Odyssey Aggressive Growth Fund | 340,900 | 0.15% | $2.30M | 0.03% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| James G. Dempsey | President & CEO, Director | 347,613 | 0.15% | Feb 10, 2026 |
| Barry Biffle | CEO, Director | 631,836 | 0.27% | Dec 12, 2025 |
| Jeffrey Mathew | SVP, Chief Information Officer | 46,627 | 0.02% | Sep 22, 2026 |
| Steve Schuller | SVP, Human Resources | 79,675 | 0.03% | Sep 9, 2026 |
| Alexandre Clerc | SVP, Customers | 34,008 | 0.01% | Sep 9, 2026 |
| Josh A. Wetzel | VP & CAO | 10,061 | 0.00% | Aug 6, 2026 |
| Trevor J. Stedke | Sr. Vice President, Operations | 0 | – | Aug 6, 2026 |
| Mark Christopher Mitchell | SVP & CFO | 53,785 | 0.02% | Aug 6, 2026 |
| Howard Diamond | EVP, Legal & Corporate Affairs | 133,126 | 0.06% | Aug 6, 2026 |
| Robert Schroeter | SVP, Chief Commercial Officer | 107,989 | 0.05% | Mar 27, 2026 |
| Rajat Khanna | SVP & CIO | 90,773 | 0.04% | Oct 29, 2024 |
| Barron Elliot Steele | Director | – | – | Jun 17, 2026 |
| Anthony David Salcido | Director | 6,721 | 0.00% | May 18, 2026 |
| Alejandro Daniel Wolff | Director | 124,413 | 0.05% | May 18, 2026 |
| Bernard L. Han | Director | 448,857 | 0.19% | May 18, 2026 |
| Nancy Lipson | Director | 60,524 | 0.03% | May 18, 2026 |
| Robert J. Genise | Director | 364,764 | 0.16% | May 18, 2026 |
| Andrew S. Broderick | Director | 882,671 | 0.38% | May 18, 2026 |
| Josh T. Connor | Director | 175,735 | 0.08% | May 18, 2026 |
| William A. Franke | Director, 10% owner | 99,502,754 | 43.22% | May 18, 2026 |
| Brian H. Franke | Director | 5,773,358 | 2.51% | May 18, 2026 |
| Ofelia Kumpf | Director | 98,409 | 0.04% | May 18, 2026 |
| Patricia Salas Pineda | Director | 149,763 | 0.07% | May 18, 2026 |
| Michael R. MacDonald | Director | 118,227 | 0.05% | May 19, 2025 |
| Holdings - Frontier LLC Group | 10% owner | 22,706,526 | 9.86% | Jul 13, 2026 |
| Indigo Denver Management Company, LLC | 10% owner | 99,536,984 | 43.24% | May 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jeffrey Mathew SVP, Chief Information Officer | Sep 22, 2026 | Tax withholding | −18,818 | $6.12 | $115.17K | 46,627 |
| Jeffrey Mathew SVP, Chief Information Officer | Sep 22, 2026 | Option exercise | +65,445 | – | – | 65,445 |
| Alexandre Clerc SVP, Customers | Sep 4, 2026 | Sale | −3,480 | $5.71 | $19.87K | 34,008 |
| Steve Schuller SVP, Human Resources | Sep 4, 2026 | Sale(10b5-1 plan) | −7,500 | $6.00 | $45.00K | 79,675 |
| Mark Christopher Mitchell SVP & CFO | Aug 5, 2026 | Sale | −125,000 | $8.09 | $1.01M | 53,785 |
| Howard Diamond EVP, Legal & Corporate Affairs | Aug 4, 2026 | Sale | −24,195 | $8.25 | $199.61K | 133,126 |
| Josh A. Wetzel VP & CAO | Aug 4, 2026 | Sale | −2,000 | $8.00 | $16.00K | 10,061 |
| Trevor J. Stedke Sr. Vice President, Operations | Aug 4, 2026 | Sale | −167,277 | $8.03 | $1.34M | 0 |
| Alexandre Clerc SVP, Customers | Aug 4, 2026 | Sale | −3,068 | $8.17 | $25.07K | 37,488 |
| Steve Schuller SVP, Human Resources | Aug 3, 2026 | Sale | −10,000 | $7.55 | $75.50K | 87,175 |
| Alexandre Clerc SVP, Customers | Jul 31, 2026 | Sale | −7,142 | $7.13 | $50.92K | 40,556 |
| Holdings - Frontier LLC Group 10% owner | Jul 9, 2026 | Sale | −11,700,000 | $7.20 | $84.24M | 22,706,526 |
| Steve Schuller SVP, Human Resources | Jun 5, 2026 | Sale | −10,000 | $6.00 | $60.00K | 97,175 |
| Alexandre Clerc SVP, Customers | Jun 2, 2026 | Sale | −5,060 | $5.93 | $30.01K | 47,698 |
| Josh A. Wetzel VP & CAO | May 21, 2026 | Sale | −13,500 | $4.75 | $64.13K | 12,061 |
| Patricia Salas Pineda Director | May 14, 2026 | Option exercise | +34,230 | – | – | 149,763 |
| Anthony David Salcido Director | May 14, 2026 | Option exercise | +6,721 | – | – | 6,721 |
| Ofelia Kumpf Director | May 14, 2026 | Option exercise | +34,230 | – | – | 98,409 |
| Josh T. Connor Director | May 14, 2026 | Option exercise | +34,230 | – | – | 175,735 |
| Indigo Denver Management Company, LLC 10% owner | May 14, 2026 | Option exercise | +34,230 | – | – | 67,362,528 |
| Robert J. Genise Director | May 14, 2026 | Option exercise | +34,230 | – | – | 364,764 |
| Alejandro Daniel Wolff Director | May 14, 2026 | Option exercise | +34,230 | – | – | 124,413 |
| Brian H. Franke Director | May 14, 2026 | Option exercise | +34,230 | – | – | 4,529,345 |
| Bernard L. Han Director | May 14, 2026 | Option exercise | +34,230 | – | – | 448,857 |
| Andrew S. Broderick Director | May 14, 2026 | Option exercise | +34,230 | – | – | 882,671 |
| Nancy Lipson Director | May 14, 2026 | Option exercise | +34,230 | – | – | 60,524 |
| Trevor J. Stedke Sr. Vice President, Operations | May 7, 2026 | Sale | −83,110 | $5.41 | $449.63K | 167,277 |
| Robert Schroeter SVP, Chief Commercial Officer | Mar 25, 2026 | Tax withholding | −11,486 | $3.48 | $39.97K | 107,989 |
| Robert Schroeter SVP, Chief Commercial Officer | Mar 25, 2026 | Option exercise | +42,808 | – | – | 91,830 |
| Robert Schroeter SVP, Chief Commercial Officer | Mar 25, 2026 | Tax withholding | −12,309 | $3.48 | $42.84K | 79,521 |
| Robert Schroeter SVP, Chief Commercial Officer | Mar 25, 2026 | Option exercise | +39,954 | – | – | 119,475 |
| Mark Christopher Mitchell SVP & CFO | Feb 8, 2026 | Tax withholding | −1,081 | $6.52 | $7.05K | 178,785 |
| Mark Christopher Mitchell SVP & CFO | Feb 8, 2026 | Option exercise | +2,471 | – | – | 179,866 |
| Mark Christopher Mitchell SVP & CFO | Feb 8, 2026 | Tax withholding | −1,599 | $6.52 | $10.43K | 177,395 |
| Mark Christopher Mitchell SVP & CFO | Feb 8, 2026 | Option exercise | +3,657 | – | – | 178,994 |
| Steve Schuller SVP, Human Resources | Feb 8, 2026 | Option exercise | +6,055 | – | – | 109,093 |
| Steve Schuller SVP, Human Resources | Feb 8, 2026 | Tax withholding | −2,649 | $6.52 | $17.27K | 106,444 |
| Steve Schuller SVP, Human Resources | Feb 8, 2026 | Option exercise | +1,299 | – | – | 107,743 |
| Steve Schuller SVP, Human Resources | Feb 8, 2026 | Tax withholding | −568 | $6.52 | $3.70K | 107,175 |
| Trevor J. Stedke Sr. Vice President, Operations | Feb 8, 2026 | Tax withholding | −5,361 | $6.52 | $34.95K | 250,387 |
| Trevor J. Stedke Sr. Vice President, Operations | Feb 8, 2026 | Option exercise | +12,255 | – | – | 255,748 |
| James G. Dempsey President & CEO, Director | Feb 8, 2026 | Tax withholding | −1,512 | $6.52 | $9.86K | 347,613 |
| James G. Dempsey President & CEO, Director | Feb 8, 2026 | Option exercise | +24,150 | – | – | 350,806 |
| James G. Dempsey President & CEO, Director | Feb 8, 2026 | Tax withholding | −6,943 | $6.52 | $45.27K | 343,863 |
| James G. Dempsey President & CEO, Director | Feb 8, 2026 | Option exercise | +5,262 | – | – | 349,125 |
| Howard Diamond EVP, Legal & Corporate Affairs | Feb 8, 2026 | Tax withholding | −4,956 | $6.52 | $32.31K | 153,697 |
| Howard Diamond EVP, Legal & Corporate Affairs | Feb 8, 2026 | Option exercise | +11,328 | – | – | 158,653 |
| Howard Diamond EVP, Legal & Corporate Affairs | Feb 8, 2026 | Option exercise | +6,442 | – | – | 160,139 |
| Howard Diamond EVP, Legal & Corporate Affairs | Feb 8, 2026 | Tax withholding | −2,818 | $6.52 | $18.37K | 157,321 |
| Josh A. Wetzel VP & CAO | Feb 8, 2026 | Option exercise | +3,337 | – | – | 26,712 |
| Josh A. Wetzel VP & CAO | Feb 8, 2026 | Tax withholding | −1,151 | $6.52 | $7.50K | 25,561 |
| Josh A. Wetzel VP & CAO | Feb 8, 2026 | Tax withholding | −1,691 | $6.52 | $11.03K | 23,375 |
| Josh A. Wetzel VP & CAO | Feb 8, 2026 | Option exercise | +4,902 | – | – | 25,066 |
| Mark Christopher Mitchell SVP & CFO | Feb 6, 2026 | Tax withholding | −6,309 | $5.65 | $35.65K | 175,337 |
| Mark Christopher Mitchell SVP & CFO | Feb 6, 2026 | Option exercise | +14,421 | – | – | 181,646 |
| Steve Schuller SVP, Human Resources | Feb 6, 2026 | Tax withholding | −6,309 | $5.65 | $35.65K | 103,038 |
| Steve Schuller SVP, Human Resources | Feb 6, 2026 | Option exercise | +14,421 | – | – | 109,347 |
| Trevor J. Stedke Sr. Vice President, Operations | Feb 6, 2026 | Tax withholding | −6,309 | $5.65 | $35.65K | 243,493 |
| Trevor J. Stedke Sr. Vice President, Operations | Feb 6, 2026 | Option exercise | +14,421 | – | – | 249,802 |
| James G. Dempsey President & CEO, Director | Feb 6, 2026 | Option exercise | +37,082 | – | – | 338,346 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Steve Schuller Officer | Sep 4, 2026 | 7,500 | $43.13K | Sep 4, 2026 | RSU |
| Clerc Alexandre Officer | Sep 4, 2026 | 3,480 | $19.87K | Sep 4, 2026 | RSU |
| Mitchell Mark Officer | Aug 5, 2026 | 125,000 | $968.75K | Aug 5, 2026 | RSU |
| Wetzel Joshua Officer | Aug 4, 2026 | 2,000 | $16.00K | Aug 4, 2026 | RSU |
| Diamond Howard Officer | Aug 4, 2026 | 24,195 | $199.61K | Aug 4, 2026 | RSU |
| Stedke Trevor Officer | Aug 4, 2026 | 167,277 | $1.33M | Aug 4, 2026 | RSU |
| Clerc Alexandre Officer | Aug 4, 2026 | 3,068 | $25.07K | Aug 4, 2026 | RSU |
| Schuller Steven Officer | Aug 3, 2026 | 10,000 | $75.54K | Aug 3, 2026 | RSU |
| Clerc Alexandre Officer | Jul 31, 2026 | 7,142 | $50.92K | Jul 31, 2026 | RSU |
| Holdings - Frontier LLC Group 10% owner | Jul 9, 2026 | 11,700,000 | $90.09M | Jul 9, 2026 | Acquired in connection with a distribution from Indigo Frontier Holdings Company, LLC. |
| Schuller Steven Officer | Jun 5, 2026 | 10,000 | $60.00K | Jun 5, 2026 | RSU |
| Clerc Alexandre Officer | Jun 2, 2026 | 5,060 | $30.01K | Jun 2, 2026 | RSU |
| Wetzel Joshua Officer | May 21, 2026 | 13,500 | $64.13K | May 21, 2026 | RSU |
| Stedke Trevor Officer | May 7, 2026 | 83,110 | $443.81K | May 7, 2026 | RSU |
| Biffle Barry Officer | Mar 10, 2026 | 214,182 | $790.00K | Mar 10, 2026 | RSU |