Investment Advisor Trims Frontier Group Holdings Stock Worth $3.1 Million, According to Recent SEC Filing
Key Points
Sold 700,000 Frontier Group Holdings shares; estimated transaction value $3.10 million based on quarterly average pricing
Quarter-end position value decreased by $2.03 million, reflecting both trading and stock price movement
Transaction represented a 0.7% change in 13F reportable assets under management
Post-trade holding: 3,583,803 shares, valued at $16.88 million
Frontier Group Holdings now represents 3.82% of fund AUM, placing it outside the fund’s top five holdings
- 10 stocks we like better than Frontier Group ›
On February 17, 2026, Ancient Art, L.P. reported selling 700,000 shares of Frontier Group Holdings (NASDAQ:ULCC), an estimated $3.10 million trade based on quarterly average pricing.
What Happened
According to a SEC filing dated February 17, 2026, Ancient Art, L.P. reduced its position in Frontier Group Holdings by 700,000 shares in the fourth quarter. The estimated value of the trade, based on the mean unadjusted closing price for the quarter, was $3.10 million. The fund’s quarter-end position in the company was valued at $16.88 million, a net decrease of $2.03 million from the prior period.
What Else to Know
Ancient Art, L.P. remains a holder of Frontier Group Holdings after the sale, with the position accounting for 3.82% of the fund’s 13F assets under management.
Top holdings after the filing:
- NASDAQ:IBKR: $105.70 million (23.9% of AUM)
- NASDAQ:UPWK: $91.98 million (20.8% of AUM)
- NASDAQ:SATS: $61.57 million (13.9% of AUM)
- NYSE:ALLY: $59.26 million (13.4% of AUM)
- NYSE:STLA: $38.11 million (8.6% of AUM)
As of February 17, 2026, shares of Frontier Group Holdings were priced at $5.35, down 42.3% over the past year, underperforming the S&P 500 by 51.46 percentage points.
Company Overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $3.72 billion |
| Net income (TTM) | ($137.00 million) |
| Price (as of market close February 17, 2026) | $5.35 |
| One-year price change | (42.35%) |
Company Snapshot
- Provides low-fare air transportation services, operating a fleet of Airbus single-aisle aircraft across approximately 120 airports in the United States and the Americas.
- Generates revenue primarily through direct distribution channels, including its website, mobile app, and call center.
- Serves passengers seeking affordable travel options across a broad network in the U.S. and the Americas.
Frontier Group Holdings, Inc. is a low-fare airline company in the U.S., leveraging a streamlined fleet and direct sales channels. With a broad network serving approximately 120 airports and a focus on low fares, Frontier provides air transportation for passengers across the United States and the Americas.
What This Transaction Means for Investors
Ancient Art, a Texas-based investment advisor, recently disclosed the sale of 700,000 shares of Frontier Group Holdings, an airline stock. Here’s what investors need to know about this sale and the stock itself.
To begin, Frontier stock has struggled over the last 12 months. Shares are down about 41%, with most of the decline coming in the first few weeks of the period. However, Frontier stock has also taken a hit in recent weeks, with shares about 28% off their recent highs.
At any rate, Ancient Art’s sale of the stock is far from a drastic decrease. Ancient Art still holds more than 3.5 million shares, representing about 3.8% of total AUM. That means that its sale is more of a trim than an outright sale. Furthermore, given its overall position in the stock, it’s unlikely that this sale represents a shift in sentiment; it’s more likely to be simply portfolio management.
As for retail investors, Frontier presents an enticing turnaround play for investors willing to accept some risk and volatility. The company is aiming to lure higher-spending travelers into new first-class seats with a move away from its budget-based roots. Yet, it remains an open question whether this strategy shift will pay off. Furthermore, some sell-side analysts remain unconvinced. They note that the company has struggled to deliver consistent profits, and that management’s most recent earnings guidance was disappointing.
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Ally is an advertising partner of Motley Fool Money. Jake Lerch has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends Stellantis and recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group and short January 2027 $46.25 calls on Interactive Brokers Group. The Motley Fool has a disclosure policy.
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