Vault-13

FRONTIER COMMUNICATIONS PARE FYBR

COM · Common Stock · CUSIP 35909D109 · ISIN US35909D1090

401 institutional holders +16 vs Q3 2025
241,672,020241.7m shares reported held*
$9.2bnreported value*
52 new 156 added 114 reduced 41 sold out net bought ≈ $10.3m (+268.4k 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 ($9.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.06. Options: 5 managers hold calls ($14.9m notional), 6 hold puts ($17.3m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 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: 385Q4 25: 401401Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025401

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 132 bought or addedQ1 24: 120 cut or sold outQ2 24: 128 bought or addedQ2 24: 133 cut or sold outQ2 24Q3 24: 170 bought or addedQ3 24: 141 cut or sold outQ4 24: 190 bought or addedQ4 24: 139 cut or sold outQ4 24Q1 25: 214 bought or addedQ1 25: 135 cut or sold outQ2 25: 204 bought or addedQ2 25: 151 cut or sold outQ2 25Q3 25: 232 bought or addedQ3 25: 125 cut or sold outQ4 25: 208 bought or addedQ4 25: 155 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024132120
Q2 2024128133
Q3 2024170141
Q4 2024190139
Q1 2025214135
Q2 2025204151
Q3 2025232125
Q4 2025208155

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ1 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 2.77Q4 25 calls: $14.9mQ4 25 puts: $17.3mQ4 25P/C 1.16
Numbers
QuarterCallsPutsP/C
Q1 2025$10.1m$29.4m2.91
Q2 2025$11.6m$32.2m2.76
Q3 2025$11.1m$30.6m2.77
Q4 2025$14.9m$17.3m1.16

Biggest buyers

HBK INVESTMENTS L P Added +4,275,000+4.3m
UBS Group AG Added +3,279,897+3.3m
MILLENNIUM MANAGEMENT LLC Added +2,427,135+2.4m
BlackRock, Inc. Added +1,575,024+1.6m
Squarepoint Ops LLC Added +1,247,763+1.2m
CAPSTONE INVESTMENT ADVISORS, LLC Added +1,088,311+1.1m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Added +1,021,598+1.0m
Melqart Asset Management (UK) Ltd Added +891,945+891.9k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +887,954+888.0k
HSBC HOLDINGS PLC Added +853,467+853.5k

Biggest sellers

Balyasny Asset Management L.P. Reduced -5,949,404-5.9m
Davidson Kempner Capital Management LP Reduced -3,445,039-3.4m
Glendon Capital Management LP Reduced -3,242,180-3.2m
MORGAN STANLEY Reduced -1,201,680-1.2m
Pentwater Capital Management LP Sold out -1,152,000-1.2m
Qube Research & Technologies Ltd Reduced -991,256-991.3k
NEUBERGER BERMAN GROUP LLC Reduced -941,240-941.2k
JPMORGAN CHASE & CO Reduced -911,848-911.8k
ARISTEIA CAPITAL, L.L.C. Reduced -886,801-886.8k
DIMENSIONAL FUND ADVISORS LP Reduced -836,296-836.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.8m231.7k shares
CITADEL ADVISORS LLC Reduced $4.7m122.6k shares
GROUP ONE TRADING LLC Added $982.2k25.8k shares
CSS LLC/IL Unchanged $380.7k10.0k shares
DV EQUITIES, LLC First filing $76.1k2.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $8.1m213.1k shares
NOMURA HOLDINGS INC Reduced $3.9m102.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.9m76.8k shares
MILLENNIUM MANAGEMENT LLC Reduced $2.2m56.6k shares
GROUP ONE TRADING LLC Reduced $167.5k4.4k shares
FNY Investment Advisers, LLC New $05 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.02% of their portfolio New York, NY 31,400,68231.4m $1.2bn $1.2bn 0.02% Added +1.6m +1,575,024
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 24,716,30824.7m $940.9m $940.9m 0.01% Added +155.1k +155,105
3 Glendon Capital Management LP 47.39% of their portfolio Santa Monica, CA 20,916,43920.9m $796.3m $796.3m 47.39% Reduced -3.2m -3,242,180
4 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 7,894,2277.9m $300.5m $300.5m 0.01% Added +197.7k +197,742
5 FIL Ltd 0.22% of their portfolio HAMILTON, D0 7,831,0027.8m $298.1m $298.1m 0.22% Added +706.0k +706,002
6 HBK INVESTMENTS L P 3.22% of their portfolio DALLAS, TX 7,800,0007.8m $296.9m $296.9m 3.22% Added +4.3m +4,275,000
7 MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio NEW YORK, NY 7,455,3877.5m $283.8m $283.8m 0.20% Added +2.4m +2,427,135
8 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 7.01% of their portfolio CHICAGO, IL 6,901,3676.9m $262.7m $262.7m 7.01% Added +1.0m +1,021,598
9 UBS Group AG 0.05% of their portfolio ZURICH, V8 6,794,5426.8m $258.7m $258.7m 0.05% Added +3.3m +3,279,897
10 NORGES BANK 0.02% of their portfolio OSLO, Q8 5,777,7445.8m $220.0m $220.0m 0.02% Not comparable
11 Qube Research & Technologies Ltd 0.29% of their portfolio LONDON, X0 5,409,1155.4m $205.9m $205.9m 0.29% Reduced -991.3k -991,256
12 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 5,114,4415.1m $194.7m $194.7m 0.04% Reduced -836.3k -836,296
13 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 4,912,7434.9m $187.1m $187.1m 0.01% Added +427.4k +427,355
14 Balyasny Asset Management L.P. 0.33% of their portfolio Chicago, IL 4,687,3174.7m $178.4m $178.4m 0.33% Reduced -5.9m -5,949,404
15 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,230,0763.2m $123.0m $123.0m 0.01% Reduced -1.2m -1,201,680
16 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio BOSTON, MA 2,878,1942.9m $109.6m $109.6m 0.06% Added +888.0k +887,954
17 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,804,0122.8m $106.7m $106.7m 0.01% Reduced -911.8k -911,848
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,711,6762.7m $103.2m $103.2m 0.02% Added +35.3k +35,305
19 TIG Advisors, LLC 4.36% of their portfolio New York, NY 2,378,7472.4m $90.6m $90.6m 4.36% Added +709.3k +709,283
20 Magnetar Financial LLC 0.88% of their portfolio EVANSTON, IL 2,343,2232.3m $89.2m $89.2m 0.88% Added +114.1k +114,134
21 Westchester Capital Management, LLC 4.13% of their portfolio VALHALLA, NY 2,308,9942.3m $87.9m $87.9m 4.13% Added +215.4k +215,365
22 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 2,289,8852.3m $87.2m $87.2m 0.01% Reduced -42.4k -42,355
23 RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio NEW YORK, NY 2,268,2002.3m $86.4m $86.4m 0.13% Added +84.7k +84,700
24 KRYGER CAPITAL Ltd 6.43% of their portfolio LONDON, X0 2,187,7092.2m $83.3m $83.3m 6.43% Added +32.7k +32,742
25 AQR Arbitrage LLC 1.60% of their portfolio Greenwich, CT 1,998,5802.0m $76.1m $76.1m 1.60% Added +417.6k +417,640
26 CAPSTONE INVESTMENT ADVISORS, LLC 0.60% of their portfolio NEW YORK, NY 1,938,3111.9m $73.8m $73.8m 0.60% Added +1.1m +1,088,311
27 ALPINE ASSOCIATES MANAGEMENT INC. 4.90% of their portfolio PALM BEACH, FL 1,911,5561.9m $72.8m $72.8m 4.90% Reduced -151.6k -151,591
28 Squarepoint Ops LLC 0.14% of their portfolio NEW YORK, NY 1,858,8401.9m $70.8m $70.8m 0.14% Added +1.2m +1,247,763
29 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,628,3681.6m $62.0m $62.0m 0.01% Added +395.8k +395,787
30 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 1,616,7281.6m $61.5m $61.5m 0.02% Reduced -676.9k -676,932
31 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,612,9121.6m $61.4m $61.4m 0.01% Added +28.1k +28,145
32 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 1,519,8661.5m $57.9m $57.9m 0.02% Added +853.5k +853,467
33 Melqart Asset Management (UK) Ltd 5.76% of their portfolio London, X0 1,511,8841.5m $57.6m $57.6m 5.76% Added +891.9k +891,945
34 Man Group plc 0.11% of their portfolio LONDON, X0 1,508,5341.5m $57.4m $57.4m 0.11% Added +185.4k +185,418
35 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.60% of their portfolio NEW YORK, NY 1,477,8361.5m $56.3m $56.3m 2.60% Added +469.5k +469,535
36 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 1,451,4541.5m $55.3m $55.3m 0.04% Added +24.2k +24,186
37 NEXPOINT ASSET MANAGEMENT, L.P. 3.62% of their portfolio Dallas, TX 1,363,3231.4m $51.9m $51.9m 3.62% Unchanged
38 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,290,7391.3m $49.1m $49.1m 0.03% Added +348.1k +348,083
39 FMR LLC 0.00% of their portfolio BOSTON, MA 1,244,2161.2m $47.4m $47.4m 0.00% Added +288.3k +288,278
40 Davidson Kempner Capital Management LP 0.62% of their portfolio New York, NY 1,116,0981.1m $42.5m $42.5m 0.62% Reduced -3.4m -3,445,039
41 CAXTON ASSOCIATES LLP 0.82% of their portfolio LONDON, X0 1,093,8461.1m $41.6m $41.6m 0.82% Unchanged
42 Fort Baker Capital Management LP 4.51% of their portfolio Larkspur, CA 1,066,1371.1m $40.6m $40.6m 4.51% Added +72.4k +72,442
43 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 1,048,5931.0m $39.9m $39.9m 0.04% Reduced -814.4k -814,379
44 Birnam Oak Advisors, LP 8.66% of their portfolio New York, NY 1,015,4681.0m $38.7m $38.7m 8.66% Added +3.7k +3,700
45 Cinctive Capital Management LP 2.10% of their portfolio New York, NY 956,395956.4k $36.4m $36.4m 2.10% Added +200.0k +200,000
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 921,844921.8k $35.1m $35.1m 0.00% Reduced -373.5k -373,509
47 GABELLI FUNDS LLC 0.23% of their portfolio Rye, NY 890,032890.0k $33.9m $33.9m 0.23% Added +78.8k +78,850
48 Slotnik Capital, LLC 8.56% of their portfolio DALLAS, TX 820,908820.9k $31.3m $31.3m 8.56% Reduced -362.1k -362,092
49 Polar Asset Management Partners Inc. 0.60% of their portfolio TORONTO, A6 800,000800.0k $30.5m $30.5m 0.60% Reduced -400.0k -400,000
50 MUFG Securities EMEA plc 0.34% of their portfolio LONDON, X0 773,000773.0k $29.4m $29.4m 0.34% New
51 GLAZER CAPITAL, LLC 0.73% of their portfolio New York, NY 727,844727.8k $27.7m $27.7m 0.73% New
52 GABELLI & Co INVESTMENT ADVISERS, INC. 3.97% of their portfolio Rye, NY 693,619693.6k $26.4m $26.4m 3.97% Added +51.1k +51,150
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 678,174678.2k $25.8m $25.8m 0.01% Reduced -25.5k -25,490
54 Capula Management Ltd 0.16% of their portfolio Grand Cayman, E9 658,205658.2k $25.1m $25.1m 0.16% Added +122.2k +122,160
55 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 648,572648.6k $24.7m $24.7m 0.01% Added +327.7k +327,683
56 ODDO BHF ASSET MANAGEMENT SAS 0.91% of their portfolio PARIS, I0 641,100641.1k $24.4m $24.4m 0.91% Added +613.9k +613,927
57 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 637,111637.1k $24.3m $24.3m 0.04% Added +184.0k +184,011
58 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 631,812631.8k $24.1m $24.1m 0.02% Reduced -26.5k -26,529
59 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 609,964610.0k $23.2m $23.2m 0.04% Added +224.9k +224,884
60 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 609,110609.1k $23.2m $23.2m 0.00% Reduced -33.0k -32,999
61 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 594,123594.1k $22.6m $22.6m 0.01% Added +164.2k +164,213
62 Sagefield Capital LP 1.90% of their portfolio DALLAS, TX 588,722588.7k $22.4m $22.4m 1.90% Added +503.3k +503,322
63 REAVES W H & CO INC 0.39% of their portfolio JERSEY CITY, NJ 587,933587.9k $22.4m $22.4m 0.39% Reduced -4.2k -4,215
64 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 586,132586.1k $22.3m $22.3m 0.03% Unchanged
65 First Trust Capital Management L.P. 1.35% of their portfolio CHICAGO, IL 584,236584.2k $22.2m $22.2m 1.35% Added +560.1k +560,121
66 Amundi 0.01% of their portfolio Paris, I0 565,176565.2k $21.5m $21.5m 0.01% Reduced -107.0k -107,003
67 Alberta Investment Management Corp 0.13% of their portfolio EDMONTON, A0 549,907549.9k $20.9m $20.9m 0.13% New
68 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 538,148538.1k $20.5m $20.5m 0.01% Reduced -17.6k -17,641
69 Brevan Howard Capital Management LP 0.38% of their portfolio ST. HELIER, Y9 525,494525.5k $20.0m $20.0m 0.38% Added +7.0k +7,017
70 LMR Partners LLP 0.19% of their portfolio LONDON, X0 522,519522.5k $19.9m $19.9m 0.19% Added +224.5k +224,543
71 NATIXIS 0.08% of their portfolio PARIS, I0 521,513521.5k $19.9m $19.9m 0.08% New
72 Capital International Investors 0.00% of their portfolio Los Angeles, CA 517,869517.9k $19.7m $19.7m 0.00% Unchanged
73 TCW GROUP INC 0.14% of their portfolio LOS ANGELES, CA 511,095511.1k $19.5m $19.5m 0.14% Unchanged
74 TUDOR INVESTMENT CORP ET AL 0.11% of their portfolio STAMFORD, CT 503,187503.2k $19.2m $19.2m 0.11% Added +373.5k +373,462
75 Swiss National Bank 0.01% of their portfolio ZURICH, V8 493,600493.6k $18.8m $18.8m 0.01% Added +8.4k +8,400
76 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 433,925433.9k $16.5m $16.5m 0.00% Reduced -53.3k -53,269
77 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 431,454431.5k $16.4m $16.4m 0.01% Reduced -358.6k -358,597
78 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 418,163418.2k $15.9m $15.9m 0.01% Added +5.1k +5,122
79 Quarry LP 2.56% of their portfolio NEW YORK, NY 411,663411.7k $15.7m $15.7m 2.56% Reduced -16.4k -16,368
80 Grantham, Mayo, Van Otterloo & Co. LLC 0.04% of their portfolio Boston, MA 386,048386.0k $14.7m $14.7m 0.04% Reduced -184.7k -184,719
81 Columbus Hill Capital Management, L.P. 2.02% of their portfolio Short Hills, NJ 377,972378.0k $14.4m $14.4m 2.02% Reduced -5.5k -5,494
82 Legal & General Group Plc 0.00% of their portfolio London, X0 377,777377.8k $14.4m $14.4m 0.00% Reduced -104.9k -104,917
83 ARISTEIA CAPITAL, L.L.C. 0.40% of their portfolio GREENWICH, CT 373,385373.4k $14.2m $14.2m 0.40% Reduced -886.8k -886,801
84 P SCHOENFELD ASSET MANAGEMENT LP 6.97% of their portfolio NEW YORK, NY 373,171373.2k $14.2m $14.2m 6.97% Reduced -461.2k -461,229
85 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.48% of their portfolio BALA CYNWYD, PA 371,844371.8k $14.2m $14.2m 0.48% Reduced -19.7k -19,658
86 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 351,799351.8k $13.4m $13.4m 0.02% Added +186.2k +186,165
87 ANGELO GORDON & CO., L.P. 1.26% of their portfolio NEW YORK, NY 350,000350.0k $13.3m $13.3m 1.26% Added +208.4k +208,386
88 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 350,000350.0k $13.3m $13.3m 0.07% Reduced -689.8k -689,843
89 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 343,030343.0k $13.1m $13.1m 0.01% Unchanged
90 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 342,886342.9k $13.1m $13.1m 0.02% Reduced -100.5k -100,521
91 ExodusPoint Capital Management, LP 0.14% of their portfolio NEW YORK, NY 328,785328.8k $12.5m $12.5m 0.14% Reduced -255.3k -255,261
92 Retirement Systems of Alabama 0.04% of their portfolio MONTGOMERY, AL 300,446300.4k $11.4m $11.4m 0.04% Reduced -2.2k -2,200
93 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.39% of their portfolio Tokyo, M0 299,500299.5k $11.4m $11.4m 0.39% Unchanged
94 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio CAUSEWAY BAY, K3 299,037299.0k $11.4m $11.4m 0.02% Added +8.9k +8,894
95 GARDNER LEWIS ASSET MANAGEMENT L P 2.82% of their portfolio CHADDS FORD, PA 292,443292.4k $11.1m $11.1m 2.82% Added +47.7k +47,700
96 Carmignac Gestion 0.15% of their portfolio PARIS, I0 290,833290.8k $11.1m $11.1m 0.15% Unchanged
97 Meteora Capital, LLC 0.92% of their portfolio Boca Raton, FL 288,692288.7k $11.0m $11.0m 0.92% Reduced -186.1k -186,107
98 PRELUDE CAPITAL MANAGEMENT, LLC 0.81% of their portfolio NEW YORK, NY 287,168287.2k $10.9m $10.9m 0.81% Reduced -63.1k -63,072
99 XTX Topco Ltd 0.27% of their portfolio LONDON, X0 266,442266.4k $10.1m $10.1m 0.27% Added +251.8k +251,780
100 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 261,577261.6k $10.0m $10.0m 0.01% Added +24.7k +24,738