Vault-13

FRONTIER COMMUNICATIONS PARE FYBR

COM · Common Stock · CUSIP 35909D109 · ISIN US35909D1090

274 institutional holders +27 vs Q3 2023
273,368,812273.4m shares reported held*
$6.9bnreported value*
51 new 90 added 80 reduced 32 sold out net bought ≈ $26.0m (+2.3m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.29. Options: 24 managers hold calls ($121.7m notional), 28 hold puts ($204.8m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 222Q4 22: 242Q1 23: 249Q2 23: 242Q3 23: 247Q4 23: 274274Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022222
Q4 2022242
Q1 2023249
Q2 2023242
Q3 2023247
Q4 2023274

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 23Q3 23: 117 bought or addedQ3 23: 121 cut or sold outQ3 23Q4 23: 141 bought or addedQ4 23: 112 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202213787
Q1 2023125117
Q2 2023132124
Q3 2023117121
Q4 2023141112

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 23 calls: $44.6mQ1 23 puts: $89.6mQ1 23P/C 2.01Q2 23 calls: $137.4mQ2 23 puts: $112.8mQ2 23P/C 0.82Q3 23 calls: $124.6mQ3 23 puts: $90.2mQ3 23P/C 0.72Q4 23 calls: $121.7mQ4 23 puts: $204.8mQ4 23P/C 1.68
Numbers
QuarterCallsPutsP/C
Q1 2023$44.6m$89.6m2.01
Q2 2023$137.4m$112.8m0.82
Q3 2023$124.6m$90.2m0.72
Q4 2023$121.7m$204.8m1.68

Biggest buyers

CANADA PENSION PLAN INVESTMENT BOARD Added +2,406,409+2.4m
JPMORGAN CHASE & CO Added +1,972,044+2.0m
DIMENSIONAL FUND ADVISORS LP Added +1,415,278+1.4m
UBS Group AG Added +1,353,621+1.4m
MORGAN STANLEY Added +1,170,429+1.2m
FULLER & THALER ASSET MANAGEMENT, INC. New +1,044,504+1.0m
ARISTEIA CAPITAL, L.L.C. Added +914,587+914.6k
JANA Partners Management, LP Added +744,300+744.3k
Sunriver Management LLC New +641,460+641.5k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +570,800+570.8k

Biggest sellers

OAKTREE CAPITAL MANAGEMENT LP Sold out -2,800,846-2.8m
ANTIPODES PARTNERS Ltd Reduced -2,572,787-2.6m
Silver Point Capital L.P. Reduced -2,075,900-2.1m
Dorsal Capital Management, LP Sold out -2,000,000-2.0m
Luxor Capital Group, LP Reduced -1,527,848-1.5m
Man Group plc Sold out -1,311,930-1.3m
Empyrean Capital Partners, LP Reduced -720,000-720.0k
PointState Capital LP Reduced -670,164-670.2k
BANK OF AMERICA CORP /DE/ Reduced -648,901-648.9k
Zeno Research, LLC Sold out -399,761-399.8k

Biggest calls

CITADEL ADVISORS LLC Added $37.4m1.5m shares
Luxor Capital Group, LP Reduced $15.5m610.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $14.9m588.4k shares
Cerberus Capital Management, L.P. Unchanged $10.1m400.0k shares
SIMPLEX TRADING, LLC Added $8.0m315.7k shares
Twin Tree Management, LP New $4.5m177.7k shares
D. E. Shaw & Co., Inc. Reduced $3.9m155.5k shares
BANK OF MONTREAL /CAN/ Unchanged $3.8m150.0k shares
Squarepoint Ops LLC Unchanged $3.5m140.0k shares
WOLVERINE TRADING, LLC Added $3.5m136.2k shares

Biggest puts

BANK OF AMERICA CORP /DE/ Reduced $24.1m949.1k shares
GROUP ONE TRADING LLC Added $20.3m801.3k shares
GOLDMAN SACHS GROUP INC New $20.3m800.0k shares
SIMPLEX TRADING, LLC Added $16.0m630.7k shares
UBS Group AG Reduced $13.6m537.5k shares
Walleye Capital LLC Added $12.9m507.2k shares
Schonfeld Strategic Advisors LLC Unchanged $12.7m500.0k shares
WOLVERINE ASSET MANAGEMENT LLC Unchanged $12.6m498.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.0m474.3k shares
BlackRock Inc. Added $11.4m450.0k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARES MANAGEMENT LLC 24.38% of their portfolio LOS ANGELES, CA 38,912,89538.9m $986.1m $986.1m 24.38% Added +300.0k +300,000
2 Glendon Capital Management LP 46.36% of their portfolio Santa Monica, CA 24,215,90924.2m $613.6m $613.6m 46.36% Unchanged
3 Cerberus Capital Management, L.P. 13.44% of their portfolio NEW YORK, NY 24,084,55924.1m $610.3m $610.3m 13.44% Unchanged
4 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 23,964,20324.0m $607.3m $607.3m 0.01% Added +136.3k +136,350
5 BlackRock Inc. 0.01% of their portfolio New York, NY 19,804,21819.8m $501.8m $501.8m 0.01% Reduced -110.2k -110,228
6 Capital International Investors 0.10% of their portfolio Los Angeles, CA 17,322,42717.3m $439.0m $439.0m 0.10% Added +44.6k +44,579
7 CANADA PENSION PLAN INVESTMENT BOARD 0.39% of their portfolio TORONTO ONTARIO, A6 12,221,31912.2m $309.7m $309.7m 0.39% Added +2.4m +2,406,409
8 JANA Partners Management, LP 14.76% of their portfolio NEW YORK, NY 9,023,4769.0m $228.7m $228.7m 14.76% Added +744.3k +744,300
9 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 6,789,1106.8m $172.0m $172.0m 0.01% Added +195.7k +195,686
10 Anchorage Capital Group, L.L.C. 19.29% of their portfolio NEW YORK, NY 6,397,8126.4m $162.1m $162.1m 19.29% Unchanged
11 Taconic Capital Advisors LP 13.80% of their portfolio NEW YORK, NY 5,650,7965.7m $143.2m $143.2m 13.80% Reduced -241.4k -241,432
12 MARATHON ASSET MANAGEMENT LP 56.52% of their portfolio NEW YORK, NY 5,228,1675.2m $126.2m $126.2m 56.52% Unchanged
13 ANTIPODES PARTNERS Ltd 3.89% of their portfolio ROYAL EXCHANGE, C3 4,912,5024.9m $124.5m $124.5m 3.89% Reduced -2.6m -2,572,787
14 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 4,861,4344.9m $123.2m $123.2m 0.04% Added +1.4m +1,415,278
15 MAGNOLIA GROUP, LLC 16.72% of their portfolio OMAHA, NE 4,476,9314.5m $113.4m $113.4m 16.72% Added +36.0k +36,000
16 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,915,5903.9m $99.2m $99.2m 0.01% Added +2.0m +1,972,044
17 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 3,666,4473.7m $92.9m $92.9m 0.01% Added +108.8k +108,809
18 Silver Point Capital L.P. 7.16% of their portfolio Greenwich, CT 3,165,0003.2m $80.2m $80.2m 7.16% Reduced -2.1m -2,075,900
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,914,4372.9m $73.9m $73.9m 0.02% Added +252.4k +252,408
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,854,2502.9m $72.3m $72.3m 0.00% Added +1.2m +1,170,429
21 APG Asset Management N.V. 0.11% of their portfolio Amsterdam, P7 2,479,6462.5m $56.9m $56.9m 0.11% Added +44.5k +44,480
22 Luxor Capital Group, LP 8.95% of their portfolio NEW YORK, NY 2,158,4992.2m $54.7m $54.7m 8.95% Reduced -1.5m -1,527,848
23 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,983,7672.0m $50.3m $50.3m 0.01% Added +70.0k +69,952
24 Solus Alternative Asset Management LP 15.62% of their portfolio Summit, NJ 1,943,4981.9m $49.2m $49.2m 15.62% Unchanged
25 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,938,2501.9m $49.1m $49.1m 0.01% Reduced -8.3k -8,264
26 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,821,9551.8m $46.2m $46.2m 0.03% Added +276.9k +276,892
27 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,717,0391.7m $43.5m $43.5m 0.01% Added +53.8k +53,842
28 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,627,3181.6m $41.2m $41.2m 0.02% Added +1.4m +1,353,621
29 Siguler Guff Advisers, LLC 14.47% of their portfolio NEW YORK, NY 1,428,7291.4m $36.2m $36.2m 14.47% Unchanged
30 T. Rowe Price Investment Management, Inc. 0.02% of their portfolio BALTIMORE, MD 1,428,5741.4m $36.2m $36.2m 0.02% Added +201.2k +201,190
31 Wildcat Capital Management, LLC 12.38% of their portfolio NEW YORK, NY 1,412,6171.4m $35.8m $35.8m 12.38% Unchanged
32 FMR LLC 0.00% of their portfolio BOSTON, MA 1,391,5961.4m $35.3m $35.3m 0.00% Added +360.3k +360,297
33 PointState Capital LP 1.09% of their portfolio New York, NY 1,195,3621.2m $30.3m $30.3m 1.09% Reduced -670.2k -670,164
34 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,054,6761.1m $26.7m $26.7m 0.01% Added +271.5k +271,505
35 FULLER & THALER ASSET MANAGEMENT, INC. 0.13% of their portfolio SAN MATEO, CA 1,044,5041.0m $26.5m $26.5m 0.13% New
36 ARISTEIA CAPITAL, L.L.C. 0.96% of their portfolio GREENWICH, CT 925,000925.0k $23.4m $23.4m 0.96% Added +914.6k +914,587
37 Empyrean Capital Partners, LP 1.41% of their portfolio LOS ANGELES, CA 920,000920.0k $23.3m $23.3m 1.41% Reduced -720.0k -720,000
38 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 813,550813.5k $20.6m $20.6m 0.01% Reduced -4.2k -4,219
39 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 716,698716.7k $18.2m $18.2m 0.01% Added +198.0k +198,009
40 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 673,164673.2k $17.1m $17.1m 0.02% Reduced -16.2k -16,223
41 Slate Path Capital LP 0.37% of their portfolio New York, NY 661,502661.5k $16.8m $16.8m 0.37% Added +184.7k +184,700
42 Sunriver Management LLC 2.55% of their portfolio GREENWICH, CT 641,460641.5k $16.3m $16.3m 2.55% New
43 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 600,000600.0k $15.2m $15.2m 0.00% Unchanged
44 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 583,940583.9k $14.8m $14.8m 0.02% Added +225.3k +225,293
45 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio TORONTO, A6 570,800570.8k $14.5m $14.5m 0.05% New
46 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 541,508541.5k $13.7m $13.7m 0.02% Added +240.8k +240,811
47 TCW GROUP INC 0.15% of their portfolio LOS ANGELES, CA 528,380528.4k $13.4m $13.4m 0.15% Reduced -2.2k -2,247
48 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 519,989520.0k $13.2m $13.2m 0.00% Reduced -648.9k -648,901
49 Legal & General Group Plc 0.00% of their portfolio London, X0 498,425498.4k $12.6m $12.6m 0.00% Reduced -11.5k -11,519
50 TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio STAMFORD, CT 449,575449.6k $11.4m $11.4m 0.16% Added +86.4k +86,371
51 PEAK6 Investments LLC 0.49% of their portfolio CHICAGO, IL 445,291445.3k $11.3m $11.3m 0.49% Added +325.5k +325,462
52 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 441,911441.9k $11.2m $11.2m 0.00% Added +191.6k +191,556
53 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 438,889438.9k $11.1m $11.1m 0.01% Unchanged
54 FOURSIXTHREE CAPITAL LP 38.81% of their portfolio NEW YORK, NY 386,764386.8k $9.8m $9.8m 38.81% New
55 CI INVESTMENTS INC. 0.05% of their portfolio TORONTO, Z4 377,439377.4k $9.6m $9.6m 0.05% Reduced -7.9k -7,944
56 Swiss National Bank 0.01% of their portfolio ZURICH, V8 363,300363.3k $9.2m $9.2m 0.01% Reduced -41.3k -41,300
57 LASRY MARC 13.37% of their portfolio NEW YORK, NY 357,453357.5k $9.1m $9.1m 13.37% Unchanged
58 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 354,706354.7k $9.0m $9.0m 0.01% Added +40.0k +40,031
59 13D Management LLC 5.11% of their portfolio New York, NY 342,519342.5k $8.7m $8.7m 5.11% New
60 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 321,958322.0k $8.2m $8.2m 0.00% Added +1.4k +1,352
61 Beach Point Capital Management LP 3.16% of their portfolio Santa Monica, CA 312,627312.6k $7.9m $7.9m 3.16% Unchanged
62 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 310,205310.2k $7.9m $7.9m 0.00% Added +4.8k +4,766
63 AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio New York, NY 298,962299.0k $7.6m $7.6m 0.03% Reduced -12.9k -12,861
64 GROUP ONE TRADING LLC 0.24% of their portfolio CHICAGO, IL 297,239297.2k $7.5m $7.5m 0.24% Added +251.4k +251,393
65 Retirement Systems of Alabama 0.03% of their portfolio MONTGOMERY, AL 277,021277.0k $7.0m $7.0m 0.03% Added +849 +849
66 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 270,837270.8k $6.9m $6.9m 0.00% Added +18.5k +18,547
67 Man Group plc 0.02% of their portfolio LONDON, X0 250,320250.3k $6.3m $6.3m 0.02% New
68 683 Capital Management, LLC 0.63% of their portfolio NEW YORK, NY 250,000250.0k $6.3m $6.3m 0.63% Reduced -200.0k -200,000
69 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 234,749234.7k $5.9m $5.9m 0.01% Added +45.7k +45,741
70 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 204,824204.8k $5.2m $5.2m 0.01% Reduced -12.4k -12,403
71 Alpine Investment Management Ltd 2.07% of their portfolio HONG KONG, K3 200,000200.0k $5.1m $5.1m 2.07% New
72 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 199,986200.0k $5.1m $5.1m 0.00% Added +31.3k +31,271
73 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 197,898197.9k $5.0m $5.0m 0.00% Added +117.5k +117,462
74 PDT Partners, LLC 0.55% of their portfolio New York, NY 197,532197.5k $5.0m $5.0m 0.55% Reduced -102.6k -102,644
75 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 197,315197.3k $5.0m $5.0m 0.00% Added +11.0k +10,986
76 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 191,424191.4k $4.9m $4.9m 0.01% Added +20.5k +20,476
77 TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio AUSTIN, TX 190,803190.8k $4.8m $4.8m 0.04% Added +3.3k +3,307
78 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 190,094190.1k $4.8m $4.8m 0.01% Reduced -154.5k -154,504
79 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 190,052190.1k $4.8m $4.8m 0.00% Reduced -323.1k -323,074
80 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 188,398188.4k $4.8m $4.8m 0.00% Reduced -22.5k -22,500
81 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 187,122187.1k $4.7m $4.7m 0.00% Reduced -5.6k -5,632
82 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 172,290172.3k $4.4m $4.4m 0.01% Reduced -29.1k -29,107
83 COMERICA BANK 0.02% of their portfolio DALLAS, TX 159,079159.1k $4.0m $4.0m 0.02% Added +69.4k +69,397
84 Thematics Asset Management 0.17% of their portfolio PARIS, I0 156,296156.3k $4.0m $4.0m 0.17% Reduced -35.2k -35,246
85 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 154,697154.7k $3.9m $3.9m 0.01% Reduced -17.0k -17,011
86 Cubist Systematic Strategies, LLC 0.05% of their portfolio STAMFORD, CT 153,567153.6k $3.9m $3.9m 0.05% New
87 Amundi 0.00% of their portfolio Paris, I0 153,083153.1k $3.7m $3.7m 0.00% New
88 AMALGAMATED BANK 0.03% of their portfolio NEW YORK, NY 151,563151.6k $3.8m $3.8m 0.03% Added +7.0k +7,013
89 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 136,818136.8k $3.5m $3.5m 0.00% Reduced -117.2k -117,176
90 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio New York, NY 136,662136.7k $3.5m $3.5m 0.04% Reduced -7.1k -7,100
91 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 130,429130.4k $3.3m $3.3m 0.00% New
92 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 125,177125.2k $3.2m $3.2m 0.02% Reduced -2.0k -2,050
93 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 125,089125.1k $3.2m $3.2m 0.01% Reduced -35.9k -35,921
94 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 120,954121.0k $3.1m $3.1m 0.00% Reduced -55.4k -55,386
95 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 120,600120.6k $3.1m $3.1m 0.01% Reduced -60.0k -60,000
96 Trexquant Investment LP 0.07% of their portfolio STAMFORD, CT 116,120116.1k $2.9m $2.9m 0.07% New
97 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 111,305111.3k $2.8m $2.8m 0.00% Added +7.5k +7,480
98 Treasurer of the State of North Carolina 0.01% of their portfolio RALEIGH, NC 108,579108.6k $2.8m $2.8m 0.01% Added +1.1k +1,060
99 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 106,785106.8k $2.7m $2.7m 0.01% Added +3.5k +3,501
100 YOUSIF CAPITAL MANAGEMENT, LLC 0.03% of their portfolio BLOOMFIELD HILLS, MI 102,923102.9k $2.6m $2.6m 0.03% Added +33 +33