Frontier Group Holdings, Inc. (ULCC) shareholders
ULCCNasdaqAir Transportation, ScheduledFiscal year ends December 31
$7.59−0.11 (-1.43%)
Close on Nov 13, 2026Market cap $1.75BP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
59.0%
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 · 30 sales
Net sold $90.64M
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 | 13.93% | $253.85M | – | 56.03% |
| Wildcat Capital Management, LLC | 28,061,351 | 12.18% | $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 | 1.82% | $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 | 1.46% | $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 | 1.08% | $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 | 0.72% | $13.21M | −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 | 59.0% | 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 | 58.5% | 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 | 97.9% | 32 / 49 | 42 / 19 | 8M | 10M |
| Q4 2023 | 130 | 228M | 98.8% | 22 / 44 | 45 / 22 | 11M | 7M |
| Q3 2023 | 131 | 223M | 96.8% | 37 / 42 | 34 / 23 | 13M | 11M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
146 funds held ULCC in Q2 2026, 79% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| 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 | 0.68% | $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 | 472,126 | 0.20% | Oct 27, 2026 |
| Barry Biffle | CEO, Director | 631,836 | 0.27% | Dec 12, 2025 |
| Howard Diamond | EVP, Legal & Corporate Affairs | 133,126 | 0.06% | Nov 12, 2026 |
| Mark Christopher Mitchell | SVP & CFO | 66,584 | 0.03% | Nov 12, 2026 |
| Steve Schuller | SVP, Human Resources | 89,324 | 0.04% | Nov 12, 2026 |
| Robert Schroeter | SVP, Chief Marketing Officer | 70,075 | 0.03% | Nov 9, 2026 |
| Alexandre Clerc | SVP, Customers | 28,488 | 0.01% | Nov 9, 2026 |
| Trevor J. Stedke | Sr. Vice President, Operations | 0 | – | Nov 9, 2026 |
| Josh A. Wetzel | VP & CAO | 10,430 | 0.00% | Nov 9, 2026 |
| James R. Fenner | SVP, Chief Revenue Officer | 87,938 | 0.04% | Nov 4, 2026 |
| Jeffrey Mathew | SVP, Chief Information Officer | 46,627 | 0.02% | Sep 22, 2026 |
| Barron Elliot Steele | Director | – | – | Jun 17, 2026 |
| Nancy Lipson | Director | 60,524 | 0.03% | 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 |
| Patricia Salas Pineda | Director | 149,763 | 0.06% | 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 | 43.18% | 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 |
| Anthony David Salcido | Director | 6,721 | 0.00% | May 18, 2026 |
| Michael R. MacDonald | Director | 118,227 | 0.05% | May 19, 2025 |
| Holdings - Frontier LLC Group | 10% owner | 22,706,526 | 9.85% | Jul 13, 2026 |
| Indigo Denver Management Company, LLC | 10% owner | 99,536,984 | 43.20% | May 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Mark Christopher Mitchell SVP & CFO | Nov 11, 2026 | Sale | −40,798 | $8.15 | $332.41K | 66,584 |
| Steve Schuller SVP, Human Resources | Nov 10, 2026 | Sale | −5,000 | $8.35 | $41.75K | 89,324 |
| Howard Diamond EVP, Legal & Corporate Affairs | Nov 9, 2026 | Sale | −35,401 | $8.40 | $297.37K | 133,126 |
| Josh A. Wetzel VP & CAO | Nov 9, 2026 | Sale | −2,000 | $8.00 | $16.00K | 10,430 |
| Josh A. Wetzel VP & CAO | Nov 6, 2026 | Sale | −5,000 | $7.50 | $37.50K | 12,430 |
| Trevor J. Stedke Sr. Vice President, Operations | Nov 6, 2026 | Sale(10b5-1 plan) | −34,180 | $7.36 | $251.39K | 0 |
| Alexandre Clerc SVP, Customers | Nov 5, 2026 | Sale | −5,520 | $7.12 | $39.30K | 28,488 |
| Josh A. Wetzel VP & CAO | Nov 5, 2026 | Sale | −5,000 | $7.00 | $35.00K | 17,430 |
| Robert Schroeter SVP, Chief Marketing Officer | Nov 5, 2026 | Sale | −37,914 | $6.92 | $262.43K | 70,075 |
| Steve Schuller SVP, Human Resources | Oct 25, 2026 | Tax withholding | −11,393 | $4.94 | $56.28K | 94,324 |
| Steve Schuller SVP, Human Resources | Oct 25, 2026 | Option exercise | +26,042 | – | – | 105,717 |
| Josh A. Wetzel VP & CAO | Oct 25, 2026 | Tax withholding | −4,992 | $4.94 | $24.66K | 22,430 |
| Josh A. Wetzel VP & CAO | Oct 25, 2026 | Option exercise | +17,361 | – | – | 27,422 |
| Mark Christopher Mitchell SVP & CFO | Oct 25, 2026 | Tax withholding | −22,786 | $4.94 | $112.56K | 107,382 |
| Mark Christopher Mitchell SVP & CFO | Oct 25, 2026 | Option exercise | +52,084 | – | – | 130,168 |
| James G. Dempsey President & CEO, Director | Oct 25, 2026 | Tax withholding | −68,359 | $4.94 | $337.69K | 472,126 |
| James G. Dempsey President & CEO, Director | Oct 25, 2026 | Option exercise | +156,250 | – | – | 540,485 |
| Trevor J. Stedke Sr. Vice President, Operations | Oct 25, 2026 | Tax withholding | −26,584 | $4.94 | $131.32K | 34,180 |
| Trevor J. Stedke Sr. Vice President, Operations | Oct 25, 2026 | Option exercise | +60,764 | – | – | 60,764 |
| Howard Diamond EVP, Legal & Corporate Affairs | Oct 25, 2026 | Tax withholding | −27,533 | $4.94 | $136.01K | 168,527 |
| Howard Diamond EVP, Legal & Corporate Affairs | Oct 25, 2026 | Option exercise | +62,934 | – | – | 196,060 |
| Mark Christopher Mitchell SVP & CFO | Oct 16, 2026 | Tax withholding | −19,104 | $5.03 | $96.09K | 78,084 |
| Mark Christopher Mitchell SVP & CFO | Oct 16, 2026 | Option exercise | +43,403 | – | – | 97,188 |
| James G. Dempsey President & CEO, Director | Oct 16, 2026 | Tax withholding | −28,483 | $5.03 | $143.27K | 384,235 |
| James G. Dempsey President & CEO, Director | Oct 16, 2026 | Option exercise | +65,105 | – | – | 412,718 |
| 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 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
74.09%
23M shares short
Days to cover
6.2
At 4M shares a day
Change since last report
-7.3%
From 25M shares
Short volume, 20 days
43.8%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Frontier's stock actually held short. Settlement fails (shares not delivered on time) peaked at 5,338 shares on Sep 28, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Steven Schuller Officer | Nov 10, 2026 | 5,000 | $41.75K | Nov 10, 2026 | RSU |
| Howard Diamond Officer | Nov 9, 2026 | 35,401 | $297.37K | Nov 9, 2026 | RSU |
| Trevor J. Stedke Officer | Nov 6, 2026 | 34,180 | $250.71K | Nov 6, 2026 | Stock Award |
| Alexandre Clern Officer | Nov 5, 2026 | 5,520 | $39.30K | Nov 5, 2026 | RSU |
| Joshua Wetzel Officer | Nov 5, 2026 | 12,000 | $90.00K | Nov 5, 2026 | RSU |
| Robert Schroeter Officer | Nov 5, 2026 | 37,914 | $262.43K | Nov 5, 2026 | RSU |
| Steve Schuller Officer | Sep 4, 2026 | 7,500 | $43.13K | Sep 4, 2026 | RSU |
| Alexandre Clerc Officer | Sep 4, 2026 | 3,480 | $19.87K | Sep 4, 2026 | RSU |
| Mark Christopher Mitchell Officer | Aug 5, 2026 | 125,000 | $968.75K | Aug 5, 2026 | RSU |
| Joshua Wetzel Officer | Aug 4, 2026 | 2,000 | $16.00K | Aug 4, 2026 | RSU |
| Howard Diamond Officer | Aug 4, 2026 | 24,195 | $199.61K | Aug 4, 2026 | RSU |
| Trevor J. Stedke Officer | Aug 4, 2026 | 167,277 | $1.33M | Aug 4, 2026 | RSU |
| Alexandre Clerc Officer | Aug 4, 2026 | 3,068 | $25.07K | Aug 4, 2026 | RSU |
| Steven Schuller Officer | Aug 3, 2026 | 10,000 | $75.54K | Aug 3, 2026 | RSU |
| Alexandre Clerc Officer | Jul 31, 2026 | 7,142 | $50.92K | Jul 31, 2026 | RSU |
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