Vault-13

FRONTIER COMMUNICATIONS PARE FYBR

COM · Common Stock · CUSIP 35909D109 · ISIN US35909D1090

242 institutional holders -7 vs Q1 2023
261,254,061261.3m shares reported held*
$4.9bnreported value*
45 new 87 added 74 reduced 50 sold out net bought ≈ $179.9m (+9.9m 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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.63. Options: 17 managers hold calls ($137.4m notional), 25 hold puts ($112.8m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 222Q4 22: 242Q1 23: 249Q2 23: 242242Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022222
Q4 2022242
Q1 2023249
Q2 2023242

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 23Q2 23: 132 bought or addedQ2 23: 124 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202213787
Q1 2023125117
Q2 2023132124

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 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 2.01Q2 23 calls: $137.4mQ2 23 puts: $112.8mQ2 23P/C 0.82
Numbers
QuarterCallsPutsP/C
Q3 2022$74.4m$13.9m0.19
Q4 2022$51.7m$5.4m0.10
Q1 2023$44.6m$89.6m2.01
Q2 2023$137.4m$112.8m0.82

Biggest buyers

ANTIPODES PARTNERS Ltd Added +1,969,522+2.0m
PointState Capital LP New +1,771,163+1.8m
Glendon Capital Management LP Added +1,519,500+1.5m
CANADA PENSION PLAN INVESTMENT BOARD Added +1,048,599+1.0m
ARES MANAGEMENT LLC Added +1,010,844+1.0m
DIMENSIONAL FUND ADVISORS LP Added +1,009,731+1.0m
Anchorage Capital Group, L.L.C. Added +815,000+815.0k
T. Rowe Price Investment Management, Inc. Added +812,030+812.0k
AMERICAN CENTURY COMPANIES INC Added +700,555+700.6k
MORGAN STANLEY Added +695,165+695.2k

Biggest sellers

Silver Point Capital L.P. Reduced -2,893,000-2.9m
FMR LLC Reduced -988,580-988.6k
Man Group plc Sold out -661,986-662.0k
CLEARFIELD CAPITAL MANAGEMENT LP Reduced -589,442-589.4k
Slate Path Capital LP Reduced -570,000-570.0k
LOOMIS SAYLES & CO L P Reduced -501,600-501.6k
NORGES BANK Reduced -500,803-500.8k
ENVESTNET ASSET MANAGEMENT INC Sold out -464,231-464.2k
Cinctive Capital Management LP Sold out -388,077-388.1k
Raine Capital LLC Sold out -380,000-380.0k

Biggest calls

Luxor Capital Group, LP New $60.6m3.2m shares
CITADEL ADVISORS LLC Added $26.1m1.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.0m589.2k shares
Taconic Capital Advisors LP Not comparable $9.4m505.0k shares
GROUP ONE TRADING LLC Added $7.5m404.6k shares
Cerberus Capital Management, L.P. Reduced $7.5m400.0k shares
SIMPLEX TRADING, LLC Added $5.5m294.1k shares
D. E. Shaw & Co., Inc. New $2.9m154.0k shares
CAPITAL FUND MANAGEMENT S.A. New $2.8m149.0k shares
JANE STREET GROUP, LLC Added $1.5m78.5k shares

Biggest puts

Balyasny Asset Management L.P. Added $17.6m946.0k shares
BlackRock Inc. Added $12.5m670.0k shares
UBS Group AG New $11.0m587.5k shares
CITADEL ADVISORS LLC Added $9.9m532.7k shares
WOLVERINE ASSET MANAGEMENT LLC Added $9.0m483.9k shares
SIMPLEX TRADING, LLC Added $8.7m468.0k shares
MILLENNIUM MANAGEMENT LLC Reduced $8.4m449.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.8m365.2k shares
GROUP ONE TRADING LLC Added $4.2m223.8k shares
ExodusPoint Capital Management, LP New $4.0m212.5k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARES MANAGEMENT LLC 14.65% of their portfolio LOS ANGELES, CA 38,105,49838.1m $710.3m $710.3m 14.65% Added +1.0m +1,010,844
2 Cerberus Capital Management, L.P. 10.62% of their portfolio NEW YORK, NY 24,084,55924.1m $448.9m $448.9m 10.62% Added +630.0k +630,000
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 23,708,91423.7m $441.9m $441.9m 0.01% Reduced -102.7k -102,676
4 Glendon Capital Management LP 41.41% of their portfolio Santa Monica, CA 22,798,30022.8m $425.0m $425.0m 41.41% Added +1.5m +1,519,500
5 BlackRock Inc. 0.01% of their portfolio New York, NY 19,803,60519.8m $369.1m $369.1m 0.01% Reduced -125.2k -125,195
6 Capital International Investors 0.07% of their portfolio Los Angeles, CA 16,318,25716.3m $304.2m $304.2m 0.07% Added +315.2k +315,164
7 CANADA PENSION PLAN INVESTMENT BOARD 0.24% of their portfolio TORONTO ONTARIO, A6 8,564,9108.6m $159.6m $159.6m 0.24% Added +1.0m +1,048,599
8 ANTIPODES PARTNERS Ltd 4.89% of their portfolio ROYAL EXCHANGE, C3 7,594,7747.6m $141.6m $141.6m 4.89% Added +2.0m +1,969,522
9 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 6,568,4816.6m $122.4m $122.4m 0.01% Added +7.5k +7,528
10 Anchorage Capital Group, L.L.C. 17.56% of their portfolio NEW YORK, NY 6,297,8126.3m $117.4m $117.4m 17.56% Added +815.0k +815,000
11 Taconic Capital Advisors LP 7.06% of their portfolio NEW YORK, NY 6,280,2286.3m $117.1m $117.1m 7.06% Added +180.0k +180,000
12 MARATHON ASSET MANAGEMENT LP 42.55% of their portfolio NEW YORK, NY 5,228,1675.2m $97.5m $97.5m 42.55% Unchanged
13 MAGNOLIA GROUP, LLC 11.83% of their portfolio OMAHA, NE 4,375,9314.4m $81.6m $81.6m 11.83% Added +386.9k +386,931
14 OAKTREE CAPITAL MANAGEMENT LP 1.01% of their portfolio LOS ANGELES, CA 3,982,8494.0m $74.2m $74.2m 1.01% Unchanged
15 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 3,780,8103.8m $70.5m $70.5m 0.02% Added +1.0m +1,009,731
16 Empyrean Capital Partners, LP 3.56% of their portfolio LOS ANGELES, CA 3,670,0003.7m $68.4m $68.4m 3.56% Reduced -243.0k -243,000
17 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 3,570,3313.6m $66.6m $66.6m 0.01% Added +142.8k +142,791
18 Slate Path Capital LP 2.41% of their portfolio New York, NY 3,536,0003.5m $65.9m $65.9m 2.41% Reduced -570.0k -570,000
19 Silver Point Capital L.P. 4.57% of their portfolio Greenwich, CT 2,847,0002.8m $53.1m $53.1m 4.57% Reduced -2.9m -2,893,000
20 APG Asset Management N.V. 0.09% of their portfolio Amsterdam, P7 2,576,3582.6m $44.0m $44.0m 0.09% Added +577.4k +577,370
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 2,438,9562.4m $45.5m $45.5m 0.01% Added +226.7k +226,679
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,060,8062.1m $38.4m $38.4m 0.00% Added +42.9k +42,912
23 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,962,7732.0m $36.6m $36.6m 0.01% Reduced -89.4k -89,379
24 Solus Alternative Asset Management LP 13.12% of their portfolio Summit, NJ 1,893,4981.9m $35.3m $35.3m 13.12% Unchanged
25 Dorsal Capital Management, LP 1.34% of their portfolio Redwood City, CA 1,800,0001.8m $33.6m $33.6m 1.34% Unchanged
26 PointState Capital LP 1.26% of their portfolio New York, NY 1,771,1631.8m $33.0m $33.0m 1.26% New
27 Luxor Capital Group, LP 3.51% of their portfolio NEW YORK, NY 1,732,8911.7m $32.3m $32.3m 3.51% Added +607.5k +607,518
28 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,694,7971.7m $31.6m $31.6m 0.01% Reduced -33.8k -33,774
29 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,665,1871.7m $31.0m $31.0m 0.01% Reduced -500.8k -500,803
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,658,5101.7m $30.9m $30.9m 0.00% Added +695.2k +695,165
31 Siguler Guff Advisers, LLC 11.79% of their portfolio NEW YORK, NY 1,428,7291.4m $26.6m $26.6m 11.79% Unchanged
32 Wildcat Capital Management, LLC 9.67% of their portfolio NEW YORK, NY 1,362,6171.4m $25.4m $25.4m 9.67% Added +666.1k +666,113
33 Beach Point Capital Management LP 10.56% of their portfolio Santa Monica, CA 1,360,9441.4m $25.4m $25.4m 10.56% Added +178.7k +178,662
34 FMR LLC 0.00% of their portfolio BOSTON, MA 1,225,4061.2m $22.8m $22.8m 0.00% Reduced -988.6k -988,580
35 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 1,120,2461.1m $20.9m $20.9m 0.01% Added +812.0k +812,030
36 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 840,206840.2k $15.7m $15.7m 0.01% Added +700.6k +700,555
37 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 839,977840.0k $15.7m $15.7m 0.01% Reduced -44.6k -44,575
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 744,380744.4k $13.9m $13.9m 0.00% Added +84.8k +84,768
39 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 703,337703.3k $13.1m $13.1m 0.01% Added +16.9k +16,889
40 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 694,364694.4k $12.9m $12.9m 0.04% New
41 Greenstone Partners & Co., LLC 8.06% of their portfolio LARKSPUR, CA 632,389632.4k $11.8m $11.8m 8.06% Added +208.2k +208,180
42 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 600,000600.0k $11.2m $11.2m 0.00% Unchanged
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 565,196565.2k $10.5m $10.5m 0.00% Added +356.8k +356,768
44 Benefit Street Partners LLC 33.76% of their portfolio NEW YORK, NY 553,709553.7k $10.3m $10.3m 33.76% Unchanged
45 Legal & General Group Plc 0.00% of their portfolio London, X0 503,217503.2k $9.4m $9.4m 0.00% Reduced -23.3k -23,267
46 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 502,991503.0k $9.4m $9.4m 0.00% Reduced -102.5k -102,513
47 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 403,467403.5k $7.5m $7.5m 0.01% New
48 Swiss National Bank 0.01% of their portfolio ZURICH, V8 400,500400.5k $7.5m $7.5m 0.01% Reduced -22.6k -22,600
49 TCW GROUP INC 0.08% of their portfolio LOS ANGELES, CA 387,100387.1k $7.2m $7.2m 0.08% Reduced -76.8k -76,791
50 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 370,809370.8k $6.9m $6.9m 0.01% Unchanged
51 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 362,777362.8k $6.8m $6.8m 0.00% Added +97.9k +97,927
52 LASRY MARC 8.62% of their portfolio NEW YORK, NY 357,453357.5k $6.7m $6.7m 8.62% Unchanged
53 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% Unchanged
54 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 344,698344.7k $6.4m $6.4m 0.01% Reduced -60.7k -60,731
55 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 343,773343.8k $6.4m $6.4m 0.01% Added +304.2k +304,207
56 AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio New York, NY 336,956337.0k $6.3m $6.3m 0.04% Reduced -7.3k -7,279
57 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 335,954336.0k $6.3m $6.3m 0.00% Added +2.8k +2,841
58 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 335,708335.7k $6.3m $6.3m 0.01% Added +51.3k +51,325
59 Man Group plc 0.02% of their portfolio LONDON, X0 322,475322.5k $6.0m $6.0m 0.02% New
60 Zeno Research, LLC 3.30% of their portfolio NEW YORK, NY 319,035319.0k $5.9m $5.9m 3.30% Added +137.2k +137,150
61 Retirement Systems of Alabama 0.02% of their portfolio MONTGOMERY, AL 287,730287.7k $5.4m $5.4m 0.02% Reduced -3.6k -3,586
62 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 284,902284.9k $5.2m $5.2m 0.01% Added +273.2k +273,245
63 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 271,297271.3k $5.1m $5.1m 0.00% Reduced -13.9k -13,900
64 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 269,800269.8k $5.0m $5.0m 0.01% Added +247.8k +247,800
65 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 265,795265.8k $5.0m $5.0m 0.00% Reduced -14.4k -14,417
66 CI INVESTMENTS INC. 0.02% of their portfolio TORONTO, Z4 259,858259.9k $4.8m $4.8m 0.02% Added +259.8k +259,844
67 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 254,516254.5k $4.7m $4.7m 0.01% Added +68.7k +68,726
68 Woodline Partners LP 0.05% of their portfolio San Francisco, CA 246,821246.8k $4.6m $4.6m 0.05% New
69 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 243,999244.0k $4.5m $4.5m 0.01% Reduced -19.9k -19,869
70 GROUP ONE TRADING LLC 0.19% of their portfolio CHICAGO, IL 239,320239.3k $4.5m $4.5m 0.19% Added +202.4k +202,420
71 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 238,943238.9k $4.5m $4.5m 0.01% Reduced -14.1k -14,061
72 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 222,261222.3k $4.1m $4.1m 0.07% Reduced -5.8k -5,779
73 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 210,898210.9k $3.9m $3.9m 0.00% Reduced -10.0k -10,000
74 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 200,342200.3k $3.7m $3.7m 0.00% Added +20.0k +19,979
75 TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio AUSTIN, TX 196,505196.5k $3.7m $3.7m 0.03% Reduced -3.4k -3,440
76 Thematics Asset Management 0.17% of their portfolio PARIS, I0 191,542191.5k $3.6m $3.6m 0.17% Added +78.0k +78,000
77 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 190,972191.0k $3.6m $3.6m 0.01% Added +132.1k +132,133
78 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 181,399181.4k $3.4m $3.4m 0.01% Added +54.1k +54,098
79 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 0.91% of their portfolio Greenwich, CT 181,070181.1k $3.4m $3.4m 0.91% Added +2.0k +2,000
80 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 180,194180.2k $3.4m $3.4m 0.00% Added +44.7k +44,653
81 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 170,588170.6k $3.2m $3.2m 0.01% Added +12.9k +12,921
82 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 167,640167.6k $3.1m $3.1m 0.01% Added +101.9k +101,941
83 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 167,586167.6k $3.1m $3.1m 0.00% Reduced -6.1k -6,090
84 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio New York, NY 161,411161.4k $3.0m $3.0m 0.03% Reduced -17.9k -17,903
85 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 161,010161.0k $3.0m $3.0m 0.01% Added +42.3k +42,290
86 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 158,341158.3k $3.0m $3.0m 0.00% Reduced -65.9k -65,943
87 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 154,153154.2k $2.9m $2.9m 0.01% Unchanged
88 AMALGAMATED BANK 0.02% of their portfolio NEW YORK, NY 149,059149.1k $2.8m $2.8m 0.02% Reduced -7.8k -7,837
89 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 134,231134.2k $2.5m $2.5m 0.02% Reduced -2.9k -2,940
90 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 128,495128.5k $2.4m $2.4m 0.01% Unchanged
91 SIMPLEX TRADING, LLC 0.10% of their portfolio CHICAGO, IL 126,157126.2k $2.4m $2.4m 0.10% New
92 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 125,091125.1k $2.3m $2.3m 0.00% Added +85.2k +85,166
93 CLEARFIELD CAPITAL MANAGEMENT LP 2.10% of their portfolio NEW YORK, NY 124,841124.8k $2.3m $2.3m 2.10% Reduced -589.4k -589,442
94 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 123,521123.5k $2.3m $2.3m 0.01% Added +44.0k +43,965
95 WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 121,355121.4k $2.3m $2.3m 0.04% Added +100.2k +100,162
96 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 113,276113.3k $2.1m $2.1m 0.01% Reduced -10.0k -10,030
97 PEAK6 Investments LLC 0.18% of their portfolio CHICAGO, IL 111,277111.3k $2.1m $2.1m 0.18% New
98 YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BLOOMFIELD HILLS, MI 109,660109.7k $2.0m $2.0m 0.02% Reduced -3.7k -3,655
99 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 107,927107.9k $2.0m $2.0m 0.02% Added +7.5k +7,508
100 Treasurer of the State of North Carolina 0.01% of their portfolio RALEIGH, NC 106,969107.0k $2.0m $2.0m 0.01% Reduced -100 -100