Vault-13

FRONTIER COMMUNICATIONS PARE FYBR

COM · Common Stock · CUSIP 35909D109 · ISIN US35909D1090

249 institutional holders +7 vs Q4 2022
253,836,300253.8m shares reported held*
$5.8bnreported value*
40 new 85 added 86 reduced 31 sold out net bought ≈ $93.2m (+3.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.77. Options: 14 managers hold calls ($44.6m notional), 20 hold puts ($89.6m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 222Q4 22: 242Q1 23: 249249Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022222
Q4 2022242
Q1 2023249

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 137 bought or addedQ4 22: 87 cut or sold outQ4 22Q1 23: 125 bought or addedQ1 23: 117 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202213787
Q1 2023125117

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$25m$50m$75m$100mQ3 22 calls: $74.4mQ3 22 puts: $13.9mQ3 22P/C 0.19Q4 22 calls: $51.7mQ4 22 puts: $5.4mQ4 22P/C 0.10Q1 23 calls: $44.6mQ1 23 puts: $89.6mQ1 23P/C 2.01
Numbers
QuarterCallsPutsP/C
Q3 2022$74.4m$13.9m0.19
Q4 2022$51.7m$5.4m0.10
Q1 2023$44.6m$89.6m2.01

Biggest buyers

CANADA PENSION PLAN INVESTMENT BOARD New +7,516,311+7.5m
ARES MANAGEMENT LLC Added +1,889,522+1.9m
Dorsal Capital Management, LP Added +1,364,662+1.4m
FMR LLC Added +1,079,517+1.1m
Capital International Investors Added +739,344+739.3k
Man Group plc New +661,986+662.0k
APG Asset Management N.V. Added +453,698+453.7k
ENVESTNET ASSET MANAGEMENT INC Added +450,112+450.1k
MILLENNIUM MANAGEMENT LLC New +405,429+405.4k
VANGUARD GROUP INC Added +397,628+397.6k

Biggest sellers

Silver Point Capital L.P. Reduced -2,692,000-2.7m
Empyrean Capital Partners, LP Reduced -1,414,728-1.4m
Diameter Capital Partners LP Sold out -1,412,000-1.4m
ANTIPODES PARTNERS Ltd Reduced -1,129,348-1.1m
GOLDENTREE ASSET MANAGEMENT LP Sold out -906,937-906.9k
Beach Point Capital Management LP Reduced -713,955-714.0k
GOLDMAN SACHS GROUP INC Reduced -641,259-641.3k
Luxor Capital Group, LP Reduced -638,791-638.8k
MACQUARIE GROUP LTD Sold out -627,146-627.1k
JPMORGAN CHASE & CO Reduced -593,421-593.4k

Biggest calls

Cerberus Capital Management, L.P. Unchanged $18.2m800.0k shares
CITADEL ADVISORS LLC Added $12.1m531.1k shares
SIMPLEX TRADING, LLC Added $5.1m222.8k shares
Caption Management, LLC Added $2.5m109.5k shares
WOLVERINE TRADING, LLC Reduced $2.2m101.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m83.2k shares
JANE STREET GROUP, LLC Reduced $1.2m52.8k shares
UBS Group AG Reduced $601.1k26.4k shares
Walleye Capital LLC New $321.1k14.1k shares
GROUP ONE TRADING LLC Reduced $186.7k8.2k shares

Biggest puts

Balyasny Asset Management L.P. New $15.2m666.0k shares
MILLENNIUM MANAGEMENT LLC New $14.5m637.1k shares
BlackRock Inc. New $12.3m540.5k shares
SIMPLEX TRADING, LLC Added $9.9m433.1k shares
CITADEL ADVISORS LLC Added $7.9m347.6k shares
Walleye Trading LLC New $6.1m265.8k shares
GROUP ONE TRADING LLC Added $4.8m208.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.6m202.0k shares
JANE STREET GROUP, LLC Added $4.5m199.7k shares
WOLVERINE ASSET MANAGEMENT LLC Added $3.6m158.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: Glendon Capital Management LP (0.0%, 2026-02-12)

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARES MANAGEMENT LLC 46.68% of their portfolio LOS ANGELES, CA 37,094,65437.1m $844.6m $844.6m 46.68% Added +1.9m +1,889,522
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 23,811,59023.8m $542.2m $542.2m 0.01% Added +397.6k +397,628
3 Cerberus Capital Management, L.P. 12.97% of their portfolio NEW YORK, NY 23,454,55923.5m $534.1m $534.1m 12.97% Added +350.0k +350,000
4 Glendon Capital Management LP 47.49% of their portfolio Santa Monica, CA 21,278,80021.3m $484.5m $484.5m 47.49% Unchanged
5 BlackRock Inc. 0.01% of their portfolio New York, NY 19,928,80019.9m $453.8m $453.8m 0.01% Reduced -134.5k -134,531
6 Capital International Investors 0.09% of their portfolio Los Angeles, CA 16,003,09316.0m $364.4m $364.4m 0.09% Added +739.3k +739,344
7 CANADA PENSION PLAN INVESTMENT BOARD 0.27% of their portfolio TORONTO ONTARIO, A6 7,516,3117.5m $171.1m $171.1m 0.27% New
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 6,560,9536.6m $149.4m $149.4m 0.01% Added +102.2k +102,152
9 Taconic Capital Advisors LP 8.58% of their portfolio NEW YORK, NY 6,100,2286.1m $138.9m $138.9m 8.58% Added +46.5k +46,477
10 Silver Point Capital L.P. 11.82% of their portfolio Greenwich, CT 5,740,0005.7m $130.7m $130.7m 11.82% Reduced -2.7m -2,692,000
11 ANTIPODES PARTNERS Ltd 4.44% of their portfolio ROYAL EXCHANGE, C3 5,625,2525.6m $128.1m $128.1m 4.44% Reduced -1.1m -1,129,348
12 Anchorage Capital Group, L.L.C. 19.30% of their portfolio NEW YORK, NY 5,482,8125.5m $124.8m $124.8m 19.30% Unchanged
13 MARATHON ASSET MANAGEMENT LP 50.39% of their portfolio NEW YORK, NY 5,228,1675.2m $119.0m $119.0m 50.39% Unchanged
14 Slate Path Capital LP 4.39% of their portfolio New York, NY 4,106,0004.1m $93.5m $93.5m 4.39% Unchanged
15 MAGNOLIA GROUP, LLC 13.14% of their portfolio OMAHA, NE 3,989,0004.0m $90.8m $90.8m 13.14% Reduced -154.5k -154,500
16 OAKTREE CAPITAL MANAGEMENT LP 1.02% of their portfolio LOS ANGELES, CA 3,982,8494.0m $90.7m $90.7m 1.02% Unchanged
17 Empyrean Capital Partners, LP 3.62% of their portfolio LOS ANGELES, CA 3,913,0003.9m $89.1m $89.1m 3.62% Reduced -1.4m -1,414,728
18 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 3,427,5403.4m $78.0m $78.0m 0.01% Added +116.6k +116,579
19 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 2,771,0792.8m $63.1m $63.1m 0.02% Added +362.8k +362,838
20 COOPER INVESTORS PTY LTD 4.75% of their portfolio MELBOURNE, VICTORIA, C3 2,448,8292.4m $55.8m $55.8m 4.75% Added +323.5k +323,506
21 FMR LLC 0.00% of their portfolio BOSTON, MA 2,213,9862.2m $50.4m $50.4m 0.00% Added +1.1m +1,079,517
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,212,2772.2m $50.4m $50.4m 0.02% Added +118.1k +118,077
23 NORGES BANK 0.01% of their portfolio OSLO, Q8 2,165,9902.2m $49.3m $49.3m 0.01% Added +28.3k +28,302
24 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 2,052,1522.1m $46.7m $46.7m 0.01% Reduced -4.9k -4,919
25 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,017,8942.0m $45.9m $45.9m 0.01% Reduced -593.4k -593,421
26 APG Asset Management N.V. 0.09% of their portfolio Amsterdam, P7 1,998,9882.0m $41.9m $41.9m 0.09% Added +453.7k +453,698
27 Solus Alternative Asset Management LP 16.49% of their portfolio Summit, NJ 1,893,4981.9m $43.1m $43.1m 16.49% Reduced -465.3k -465,334
28 Dorsal Capital Management, LP 1.58% of their portfolio Redwood City, CA 1,800,0001.8m $41.0m $41.0m 1.58% Added +1.4m +1,364,662
29 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,728,5711.7m $39.4m $39.4m 0.01% Added +21.6k +21,579
30 Siguler Guff Advisers, LLC 12.68% of their portfolio NEW YORK, NY 1,428,7291.4m $32.5m $32.5m 12.68% First filing
31 Beach Point Capital Management LP 12.97% of their portfolio Santa Monica, CA 1,182,2821.2m $26.9m $26.9m 12.97% Reduced -714.0k -713,955
32 Luxor Capital Group, LP 2.10% of their portfolio NEW YORK, NY 1,125,3731.1m $25.6m $25.6m 2.10% Reduced -638.8k -638,791
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 963,345963.3k $21.9m $21.9m 0.00% Added +185.6k +185,617
34 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 884,552884.6k $20.1m $20.1m 0.01% Added +8.1k +8,090
35 CLEARFIELD CAPITAL MANAGEMENT LP 25.36% of their portfolio NEW YORK, NY 714,283714.3k $16.3m $16.3m 25.36% Added +230.7k +230,705
36 Wildcat Capital Management, LLC 5.89% of their portfolio NEW YORK, NY 696,504696.5k $15.9m $15.9m 5.89% Reduced -29.0k -29,021
37 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 686,448686.4k $15.6m $15.6m 0.02% Reduced -23.4k -23,448
38 Man Group plc 0.05% of their portfolio LONDON, X0 661,986662.0k $15.1m $15.1m 0.05% New
39 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 659,612659.6k $15.0m $15.0m 0.00% Reduced -239.0k -238,970
40 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 605,504605.5k $13.8m $13.8m 0.01% Added +33.4k +33,359
41 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 600,000600.0k $13.7m $13.7m 0.00% Reduced -321.2k -321,177
42 Benefit Street Partners LLC 34.59% of their portfolio NEW YORK, NY 553,709553.7k $12.6m $12.6m 34.59% Unchanged
43 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 547,182547.2k $12.5m $12.5m 0.02% Reduced -44.1k -44,075
44 Legal & General Group Plc 0.00% of their portfolio London, X0 526,484526.5k $12.0m $12.0m 0.00% Added +11.5k +11,535
45 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 464,231464.2k $22.9k $22.9k 0.00% Added +450.1k +450,112
46 TCW GROUP INC 0.14% of their portfolio LOS ANGELES, CA 463,891463.9k $10.6m $10.6m 0.14% Reduced -138.2k -138,240
47 Greenstone Partners & Co., LLC 7.30% of their portfolio LARKSPUR, CA 424,209424.2k $9.7m $9.7m 7.30% Reduced -13.3k -13,300
48 Swiss National Bank 0.01% of their portfolio ZURICH, V8 423,100423.1k $9.6m $9.6m 0.01% Reduced -50.1k -50,100
49 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 405,429405.4k $9.2m $9.2m 0.01% New
50 Cinctive Capital Management LP 0.33% of their portfolio New York, NY 388,077388.1k $8.8m $8.8m 0.33% New
51 Raine Capital LLC 1.74% of their portfolio NEW YORK, NY 380,000380.0k $8.7m $8.7m 1.74% Reduced -20.0k -20,000
52 TWINBEECH CAPITAL LP 0.17% of their portfolio PURCHASE, NY 376,781376.8k $8.6m $8.6m 0.17% New
53 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 370,809370.8k $8.4m $8.4m 0.01% Added +19.6k +19,617
54 Quaker Capital Investments, LLC 3.25% of their portfolio MOUNT LEBANON, PA 357,923357.9k $8.1m $8.1m 3.25% Reduced -109.5k -109,529
55 LASRY MARC 15.63% of their portfolio NEW YORK, NY 357,453357.5k $8.1m $8.1m 15.63% Unchanged
56 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 354,577354.6k $8.1m $8.1m 0.00% Added +12.2k +12,225
57 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 350,575350.6k $8.0m $8.0m 0.01% Reduced -71.8k -71,832
58 AMERICAN INTERNATIONAL GROUP, INC. 0.05% of their portfolio New York, NY 344,235344.2k $7.8m $7.8m 0.05% Reduced -3.2k -3,228
59 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 333,113333.1k $7.6m $7.6m 0.00% Reduced -5.3k -5,278
60 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 308,216308.2k $7.0m $7.0m 0.01% New
61 Brandywine Global Investment Management, LLC 0.03% of their portfolio PHILADELPHIA, PA 307,132307.1k $7.0m $7.0m 0.03% Added +148.4k +148,374
62 Retirement Systems of Alabama 0.03% of their portfolio MONTGOMERY, AL 291,316291.3k $6.6m $6.6m 0.03% Reduced -2.5k -2,543
63 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 285,197285.2k $6.5m $6.5m 0.00% Reduced -17.7k -17,725
64 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 284,383284.4k $6.5m $6.5m 0.01% Added +29.8k +29,836
65 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 280,212280.2k $6.4m $6.4m 0.00% Reduced -9.5k -9,519
66 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 264,850264.9k $6.0m $6.0m 0.00% Reduced -104.1k -104,095
67 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 263,868263.9k $6.0m $6.0m 0.01% Reduced -5.0k -5,026
68 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 253,004253.0k $5.8m $5.8m 0.01% Reduced -7.0k -7,033
69 TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio STAMFORD, CT 228,040228.0k $5.2m $5.2m 0.10% Added +48.0k +48,040
70 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 224,284224.3k $5.1m $5.1m 0.00% Reduced -641.3k -641,259
71 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 220,898220.9k $5.0m $5.0m 0.01% Unchanged
72 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 208,428208.4k $4.7m $4.7m 0.00% Added +162.6k +162,613
73 TEXAS PERMANENT SCHOOL FUND CORP 0.05% of their portfolio AUSTIN, TX 199,945199.9k $4.6m $4.6m 0.05% Added +50.1k +50,056
74 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 185,790185.8k $4.2m $4.2m 0.00% Added +13.4k +13,432
75 Zeno Research, LLC 2.77% of their portfolio NEW YORK, NY 181,885181.9k $4.1m $4.1m 2.77% New
76 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 180,363180.4k $4.1m $4.1m 0.00% Added +8.6k +8,625
77 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.05% of their portfolio New York, NY 179,314179.3k $4.1m $4.1m 0.05% Reduced -3.8k -3,768
78 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 1.05% of their portfolio Greenwich, CT 179,070179.1k $4.1m $4.1m 1.05% Unchanged
79 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 175,614175.6k $4.0m $4.0m 0.01% Added +124.6k +124,564
80 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 173,676173.7k $4.0m $4.0m 0.00% Reduced -7.0k -6,959
81 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 162,398162.4k $3.7m $3.7m 0.00% New
82 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 157,667157.7k $3.6m $3.6m 0.01% Added +23.6k +23,580
83 AMALGAMATED BANK 0.03% of their portfolio NEW YORK, NY 156,896156.9k $3.6m $3.6m 0.03% Reduced -45.8k -45,784
84 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 154,153154.2k $3.5m $3.5m 0.01% Added +23.1k +23,055
85 Amundi 0.00% of their portfolio Paris, I0 145,162145.2k $3.2m $3.2m 0.00% Added +80.9k +80,855
86 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 139,651139.7k $3.2m $3.2m 0.00% Added +91.5k +91,548
87 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 137,171137.2k $3.1m $3.1m 0.02% Reduced -3.7k -3,657
88 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 135,541135.5k $3.1m $3.1m 0.00% Reduced -5.8k -5,769
89 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 128,495128.5k $2.9m $2.9m 0.01% New
90 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 127,301127.3k $2.9m $2.9m 0.01% Reduced -22.2k -22,225
91 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 123,306123.3k $2.8m $2.8m 0.01% Reduced -3.3k -3,274
92 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 118,720118.7k $2.7m $2.7m 0.01% Reduced -14.4k -14,362
93 Thematics Asset Management 0.14% of their portfolio PARIS, I0 113,542113.5k $2.6m $2.6m 0.14% New
94 YOUSIF CAPITAL MANAGEMENT, LLC 0.03% of their portfolio BLOOMFIELD HILLS, MI 113,315113.3k $2.6m $2.6m 0.03% Reduced -680 -680
95 Treasurer of the State of North Carolina 0.01% of their portfolio RALEIGH, NC 107,069107.1k $2.4m $2.4m 0.01% Added +760 +760
96 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 100,419100.4k $2.3m $2.3m 0.02% Added +121 +121
97 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 98,18398.2k $2.2m $2.2m 0.00% Added +22.3k +22,281
98 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 95,88595.9k $2.2m $2.2m 0.00% Added +7.5k +7,483
99 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 87,30887.3k $2.0m $2.0m 0.00% Added +47.2k +47,249
100 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 83,86383.9k $1.9m $1.9m 0.00% Reduced -3.0k -2,957