Vault-13

FRONTIER COMMUNICATIONS PARE FYBR

COM · Common Stock · CUSIP 35909D109 · ISIN US35909D1090

385 institutional holders +2 vs Q2 2025
236,409,788236.4m shares reported held*
$8.8bnreported value*
43 new 189 added 86 reduced 39 sold out net sold ≈ $352.5m (-9.4m 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 ($19.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.34. Options: 8 managers hold calls ($11.1m notional), 12 hold puts ($30.6m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 222Q4 22: 242Q1 23: 249Q2 23: 242Q3 23: 247Q4 23: 274Q1 24: 289Q2 24: 281Q3 24: 326Q4 24: 369Q1 25: 380Q2 25: 383Q3 25: 385385Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022222
Q4 2022242
Q1 2023249
Q2 2023242
Q3 2023247
Q4 2023274
Q1 2024289
Q2 2024281
Q3 2024326
Q4 2024369
Q1 2025380
Q2 2025383
Q3 2025385

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 141 bought or addedQ4 23: 112 cut or sold outQ1 24: 132 bought or addedQ1 24: 120 cut or sold outQ1 24Q2 24: 128 bought or addedQ2 24: 133 cut or sold outQ3 24: 170 bought or addedQ3 24: 141 cut or sold outQ3 24Q4 24: 190 bought or addedQ4 24: 139 cut or sold outQ1 25: 214 bought or addedQ1 25: 135 cut or sold outQ1 25Q2 25: 204 bought or addedQ2 25: 151 cut or sold outQ3 25: 232 bought or addedQ3 25: 125 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023141112
Q1 2024132120
Q2 2024128133
Q3 2024170141
Q4 2024190139
Q1 2025214135
Q2 2025204151
Q3 2025232125

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ4 24 calls: $146.9mQ4 24 puts: $153.9mQ4 24P/C 1.05Q1 25 calls: $10.1mQ1 25 puts: $29.4mQ1 25P/C 2.91Q2 25 calls: $11.6mQ2 25 puts: $32.2mQ2 25P/C 2.76Q3 25 calls: $11.1mQ3 25 puts: $30.6mQ3 25P/C 2.77
Numbers
QuarterCallsPutsP/C
Q4 2024$146.9m$153.9m1.05
Q1 2025$10.1m$29.4m2.91
Q2 2025$11.6m$32.2m2.76
Q3 2025$11.1m$30.6m2.77

Biggest buyers

Balyasny Asset Management L.P. Added +6,084,303+6.1m
BlackRock, Inc. Added +4,988,671+5.0m
JPMORGAN CHASE & CO Added +2,298,540+2.3m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +1,694,896+1.7m
FIL Ltd Added +1,589,481+1.6m
MARSHALL WACE, LLP Added +1,094,267+1.1m
MORGAN STANLEY Added +908,970+909.0k
AQR Arbitrage LLC Added +664,115+664.1k
Melqart Asset Management (UK) Ltd New +619,939+619.9k
CITADEL ADVISORS LLC Added +590,453+590.5k

Biggest sellers

TUDOR INVESTMENT CORP ET AL Reduced -4,324,089-4.3m
ARES MANAGEMENT LLC Sold out -3,131,679-3.1m
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -2,943,422-2.9m
Pentwater Capital Management LP Reduced -2,818,000-2.8m
Davidson Kempner Capital Management LP Reduced -2,808,861-2.8m
Anchorage Capital Group, L.L.C. Sold out -2,443,742-2.4m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -1,800,000-1.8m
LMR Partners LLP Reduced -1,783,205-1.8m
UBS Group AG Reduced -1,546,735-1.5m
NEUBERGER BERMAN GROUP LLC Reduced -1,463,160-1.5m

Biggest calls

CITADEL ADVISORS LLC Reduced $5.1m136.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.5m95.0k shares
GROUP ONE TRADING LLC Added $728.3k19.5k shares
IMC-Chicago, LLC Added $560.2k15.0k shares
CSS LLC/IL New $373.5k10.0k shares
SIMPLEX TRADING, LLC Reduced $272.0k7.3k shares
Walleye Trading LLC Unchanged $235.3k6.3k shares
Walleye Capital LLC Unchanged $227.8k6.1k shares

Biggest puts

Lombard Odier Asset Management (USA) Corp Unchanged $9.9m265.0k shares
CITADEL ADVISORS LLC Added $7.5m200.8k shares
NOMURA HOLDINGS INC Unchanged $5.5m147.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m85.5k shares
MILLENNIUM MANAGEMENT LLC New $3.0m80.8k shares
SIMPLEX TRADING, LLC Reduced $530.0k14.2k shares
WOLVERINE ASSET MANAGEMENT LLC Reduced $310.0k8.3k shares
GROUP ONE TRADING LLC Reduced $198.0k5.3k shares
Walleye Capital LLC Unchanged $175.5k4.7k shares
ExodusPoint Capital Management, LP Unchanged $165.5k4.3k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.02% of their portfolio New York, NY 29,825,65829.8m $1.1bn $1.1bn 0.02% Added +5.0m +4,988,671
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 24,561,20324.6m $917.4m $917.4m 0.01% Added +442.3k +442,337
3 Glendon Capital Management LP 49.21% of their portfolio Santa Monica, CA 24,158,61924.2m $902.3m $902.3m 49.21% Reduced -57.3k -57,290
4 Balyasny Asset Management L.P. 0.80% of their portfolio Chicago, IL 10,636,72110.6m $397.3m $397.3m 0.80% Added +6.1m +6,084,303
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 7,696,4857.7m $287.5m $287.5m 0.01% Added +522.8k +522,809
6 FIL Ltd 0.21% of their portfolio HAMILTON, D0 7,125,0007.1m $266.1m $266.1m 0.21% Added +1.6m +1,589,481
7 Qube Research & Technologies Ltd 0.34% of their portfolio LONDON, X0 6,400,3716.4m $239.1m $239.1m 0.34% Added +162.3k +162,272
8 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 5,950,7376.0m $222.3m $222.3m 0.05% Added +26.1k +26,133
9 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 6.60% of their portfolio CHICAGO, IL 5,879,7695.9m $219.6m $219.6m 6.60% Reduced -149.7k -149,721
10 MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 5,028,2525.0m $187.8m $187.8m 0.15% Added +345.7k +345,746
11 Davidson Kempner Capital Management LP 2.38% of their portfolio New York, NY 4,561,1374.6m $170.4m $170.4m 2.38% Reduced -2.8m -2,808,861
12 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 4,485,3884.5m $167.6m $167.6m 0.01% Added +299.6k +299,641
13 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,431,7564.4m $165.5m $165.5m 0.01% Added +909.0k +908,970
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,715,8603.7m $138.8m $138.8m 0.00% Added +2.3m +2,298,540
15 HBK INVESTMENTS L P 1.94% of their portfolio DALLAS, TX 3,525,0003.5m $131.7m $131.7m 1.94% Not comparable
16 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,514,6453.5m $131.3m $131.3m 0.03% Reduced -1.5m -1,546,735
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,676,3712.7m $100.0m $100.0m 0.02% Added +312.2k +312,182
18 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 2,332,2402.3m $87.1m $87.1m 0.01% Added +164.4k +164,450
19 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 2,293,6602.3m $85.7m $85.7m 0.03% Added +124.3k +124,262
20 Magnetar Financial LLC 0.51% of their portfolio EVANSTON, IL 2,229,0892.2m $83.3m $83.3m 0.51% Added +50.6k +50,640
21 RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio NEW YORK, NY 2,183,5002.2m $81.6m $81.6m 0.11% Added +377.2k +377,200
22 KRYGER CAPITAL Ltd 9.30% of their portfolio LONDON, X0 2,154,9672.2m $80.5m $80.5m 9.30% Added +275.2k +275,195
23 Westchester Capital Management, LLC 4.05% of their portfolio VALHALLA, NY 2,093,6292.1m $78.2m $78.2m 4.05% Reduced -136.3k -136,326
24 ALPINE ASSOCIATES MANAGEMENT INC. 4.69% of their portfolio PALM BEACH, FL 2,063,1472.1m $77.1m $77.1m 4.69% Added +199.9k +199,917
25 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 1,990,2402.0m $74.3m $74.3m 0.05% Added +1.7m +1,694,896
26 MARSHALL WACE, LLP 0.08% of their portfolio LONDON, X0 1,862,9721.9m $69.6m $69.6m 0.08% Added +1.1m +1,094,267
27 TIG Advisors, LLC 3.85% of their portfolio New York, NY 1,669,4641.7m $62.4m $62.4m 3.85% Reduced -143.1k -143,138
28 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,584,7671.6m $59.2m $59.2m 0.01% Added +104.9k +104,858
29 AQR Arbitrage LLC 1.50% of their portfolio Greenwich, CT 1,580,9401.6m $59.0m $59.0m 1.50% Added +664.1k +664,115
30 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 1,427,2681.4m $53.3m $53.3m 0.04% Added +201.7k +201,652
31 NEXPOINT ASSET MANAGEMENT, L.P. 4.53% of their portfolio Dallas, TX 1,363,3231.4m $50.9m $50.9m 4.53% Added +327.5k +327,460
32 Man Group plc 0.10% of their portfolio LONDON, X0 1,323,1161.3m $49.4m $49.4m 0.10% Added +319.2k +319,186
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,295,3531.3m $48.4m $48.4m 0.00% Reduced -105.1k -105,082
34 ARISTEIA CAPITAL, L.L.C. 1.44% of their portfolio GREENWICH, CT 1,260,1861.3m $47.1m $47.1m 1.44% Reduced -869.1k -869,110
35 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,232,5811.2m $46.0m $46.0m 0.01% Reduced -429.8k -429,847
36 Polar Asset Management Partners Inc. 0.91% of their portfolio TORONTO, A6 1,200,0001.2m $44.8m $44.8m 0.91% Added +200.0k +200,000
37 Slotnik Capital, LLC 15.93% of their portfolio DALLAS, TX 1,183,0001.2m $44.2m $44.2m 15.93% Reduced -30.0k -30,000
38 Pentwater Capital Management LP 0.39% of their portfolio Naples, FL 1,152,0001.2m $43.0m $43.0m 0.39% Reduced -2.8m -2,818,000
39 CAXTON ASSOCIATES LLP 1.12% of their portfolio LONDON, X0 1,093,8461.1m $40.9m $40.9m 1.12% Unchanged
40 Verition Fund Management LLC 0.22% of their portfolio GREENWICH, CT 1,039,8431.0m $38.8m $38.8m 0.22% Reduced -95.5k -95,469
41 Birnam Oak Advisors, LP 9.26% of their portfolio New York, NY 1,011,7681.0m $37.8m $37.8m 9.26% Added +275.3k +275,258
42 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.91% of their portfolio NEW YORK, NY 1,008,3011.0m $37.7m $37.7m 1.91% Added +50.0k +50,000
43 Woodline Partners LP 0.18% of their portfolio San Francisco, CA 996,624996.6k $37.2m $37.2m 0.18% Reduced -383.4k -383,376
44 Fort Baker Capital Management LP 6.11% of their portfolio Larkspur, CA 993,695993.7k $37.1m $37.1m 6.11% Unchanged
45 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 988,281988.3k $36.9m $36.9m 0.03% Reduced -1.5m -1,463,160
46 FMR LLC 0.00% of their portfolio BOSTON, MA 955,938955.9k $35.7m $35.7m 0.00% Added +382.2k +382,192
47 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 942,656942.7k $35.2m $35.2m 0.03% Added +590.5k +590,453
48 CAPSTONE INVESTMENT ADVISORS, LLC 0.28% of their portfolio NEW YORK, NY 850,000850.0k $31.7m $31.7m 0.28% Reduced -1.8m -1,800,000
49 P SCHOENFELD ASSET MANAGEMENT LP 8.82% of their portfolio NEW YORK, NY 834,400834.4k $31.2m $31.2m 8.82% Added +193.2k +193,200
50 PICTON MAHONEY ASSET MANAGEMENT 0.39% of their portfolio Toronto, A6 811,768811.8k $30.3m $30.3m 0.39% Added +50.0k +50,000
51 GABELLI FUNDS LLC 0.21% of their portfolio Rye, NY 811,182811.2k $30.3m $30.3m 0.21% Added +60.9k +60,883
52 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 790,051790.1k $29.5m $29.5m 0.02% Reduced -303.0k -303,019
53 Cinctive Capital Management LP 1.41% of their portfolio New York, NY 756,395756.4k $28.3m $28.3m 1.41% Added +151.4k +151,395
54 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 703,664703.7k $26.3m $26.3m 0.01% Reduced -235.6k -235,558
55 Amundi 0.01% of their portfolio Paris, I0 672,179672.2k $25.1m $25.1m 0.01% Added +99.6k +99,618
56 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 666,399666.4k $24.9m $24.9m 0.01% Reduced -34.0k -34,000
57 Centiva Capital, LP 2.30% of their portfolio New York, NY 660,234660.2k $24.7m $24.7m 2.30% Added +264.7k +264,730
58 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 658,341658.3k $24.6m $24.6m 0.02% Added +40.4k +40,365
59 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 648,630648.6k $24.2m $24.2m 0.00% Reduced -1.4m -1,391,920
60 GABELLI & Co INVESTMENT ADVISERS, INC. 3.85% of their portfolio Rye, NY 642,469642.5k $24.0m $24.0m 3.85% Added +11.3k +11,350
61 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 642,109642.1k $24.0m $24.0m 0.00% Added +9.6k +9,589
62 Melqart Asset Management (UK) Ltd 3.09% of their portfolio London, X0 619,939619.9k $23.2m $23.2m 3.09% New
63 Squarepoint Ops LLC 0.05% of their portfolio NEW YORK, NY 611,077611.1k $22.8m $22.8m 0.05% Added +121.9k +121,941
64 REAVES W H & CO INC 0.39% of their portfolio JERSEY CITY, NJ 592,148592.1k $22.1m $22.1m 0.39% Reduced -115.4k -115,416
65 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 586,132586.1k $21.9m $21.9m 0.03% Added +499.6k +499,570
66 ExodusPoint Capital Management, LP 0.31% of their portfolio NEW YORK, NY 584,046584.0k $21.8m $21.8m 0.31% Added +4.1k +4,104
67 Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio Boston, MA 570,767570.8k $21.3m $21.3m 0.06% Reduced -190.3k -190,273
68 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 555,789555.8k $20.8m $20.8m 0.01% Added +50.3k +50,299
69 Hudson Bay Capital Management LP 0.12% of their portfolio STAMFORD, CT 538,934538.9k $20.1m $20.1m 0.12% Reduced -463.0k -462,966
70 Capula Management Ltd 0.15% of their portfolio Grand Cayman, E9 536,045536.0k $20.0m $20.0m 0.15% Reduced -13.4k -13,425
71 Brevan Howard Capital Management LP 0.28% of their portfolio ST. HELIER, Y9 518,477518.5k $19.4m $19.4m 0.28% Added +23.1k +23,059
72 Capital International Investors 0.00% of their portfolio Los Angeles, CA 517,869517.9k $19.3m $19.3m 0.00% Reduced -1.5m -1,461,952
73 TCW GROUP INC 0.16% of their portfolio LOS ANGELES, CA 511,095511.1k $19.1m $19.1m 0.16% Added +47.4k +47,400
74 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 487,194487.2k $18.2m $18.2m 0.00% Added +838 +838
75 Swiss National Bank 0.01% of their portfolio ZURICH, V8 485,200485.2k $18.1m $18.1m 0.01% Added +55.8k +55,800
76 Legal & General Group Plc 0.00% of their portfolio London, X0 482,694482.7k $18.0m $18.0m 0.00% Added +15.9k +15,871
77 Meteora Capital, LLC 1.88% of their portfolio Boca Raton, FL 474,799474.8k $17.7m $17.7m 1.88% Added +370.6k +370,591
78 SummitTX Capital, L.P. 0.73% of their portfolio FORT WORTH, TX 472,527472.5k $17.6m $17.6m 0.73% New
79 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 453,100453.1k $16.9m $16.9m 0.04% Added +53.1k +53,100
80 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio Boston, MA 443,407443.4k $16.6m $16.6m 0.03% Reduced -2.9m -2,943,422
81 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 429,910429.9k $16.1m $16.1m 0.01% Added +42.7k +42,671
82 Quarry LP 3.91% of their portfolio NEW YORK, NY 428,031428.0k $16.0m $16.0m 3.91% Added +31.2k +31,202
83 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 413,041413.0k $15.4m $15.4m 0.01% Added +27.2k +27,162
84 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.57% of their portfolio BALA CYNWYD, PA 391,502391.5k $14.6m $14.6m 0.57% Reduced -24.3k -24,313
85 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 385,080385.1k $14.4m $14.4m 0.03% Added +100.1k +100,080
86 Columbus Hill Capital Management, L.P. 1.89% of their portfolio Short Hills, NJ 383,466383.5k $14.3m $14.3m 1.89% Reduced -415.0k -415,000
87 Taconic Capital Advisors LP 4.22% of their portfolio NEW YORK, NY 381,865381.9k $14.3m $14.3m 4.22% Reduced -1.2m -1,189,235
88 PRELUDE CAPITAL MANAGEMENT, LLC 1.02% of their portfolio NEW YORK, NY 350,240350.2k $13.1m $13.1m 1.02% Added +150.3k +150,326
89 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 343,030343.0k $12.8m $12.8m 0.01% Added +10.1k +10,068
90 Point72 Asia (Singapore) Pte. Ltd. 1.93% of their portfolio SINGAPORE, U0 334,292334.3k $12.5m $12.5m 1.93% Added +134.4k +134,394
91 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 320,889320.9k $12.0m $12.0m 0.00% Reduced -1.3k -1,307
92 BOOTHBAY FUND MANAGEMENT, LLC 0.29% of their portfolio NEW YORK, NY 308,442308.4k $11.5m $11.5m 0.29% Added +294.5k +294,462
93 Retirement Systems of Alabama 0.04% of their portfolio MONTGOMERY, AL 302,646302.6k $11.3m $11.3m 0.04% Added +30.4k +30,433
94 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.40% of their portfolio Tokyo, M0 299,500299.5k $11.2m $11.2m 0.40% Added +12.8k +12,800
95 LMR Partners LLP 0.14% of their portfolio LONDON, X0 297,976298.0k $11.1m $11.1m 0.14% Reduced -1.8m -1,783,205
96 Carmignac Gestion 0.16% of their portfolio PARIS, I0 290,833290.8k $10.9m $10.9m 0.16% Unchanged
97 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio CAUSEWAY BAY, K3 290,143290.1k $10.8m $10.8m 0.02% Added +66.9k +66,936
98 Eisler Capital Management Ltd. 0.22% of their portfolio LONDON, X0 252,708252.7k $9.7m $9.7m 0.22% Reduced -214.2k -214,229
99 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 250,000250.0k $9.3m $9.3m 0.00% Unchanged
100 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 249,757249.8k $9.3m $9.3m 0.00% Added +16.6k +16,572