Vault-13

SPIRIT AIRLS INC SAVE

COM · Common Stock · CUSIP 848577102 · ISIN US8485771021

219 institutional holders -3 vs Q4 2022
84,772,03784.8m shares reported held*
$1.5bnreported value*
36 new 67 added 64 reduced 38 sold out net bought ≈ $222.8m (+13.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $17.14. Options: 19 managers hold calls ($71.7m notional), 22 hold puts ($113.7m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 225Q4 22: 222Q1 23: 219219Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022225
Q4 2022222
Q1 2023219

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 91 bought or addedQ4 22: 103 cut or sold outQ4 22Q1 23: 103 bought or addedQ1 23: 102 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202291103
Q1 2023103102

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 22 calls: $85.5mQ3 22 puts: $191.6mQ3 22P/C 2.24Q4 22 calls: $63.3mQ4 22 puts: $109.9mQ4 22P/C 1.74Q1 23 calls: $71.7mQ1 23 puts: $113.7mQ1 23P/C 1.59
Numbers
QuarterCallsPutsP/C
Q3 2022$85.5m$191.6m2.24
Q4 2022$63.3m$109.9m1.74
Q1 2023$71.7m$113.7m1.59

Biggest buyers

FMR LLC Added +5,956,390+6.0m
CYRUS CAPITAL PARTNERS, L.P. New +2,115,870+2.1m
Ancient Art, L.P. New +1,725,000+1.7m
Segantii Capital Management Ltd Added +1,479,386+1.5m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) New +1,250,000+1.2m
MIG Capital, LLC New +1,144,051+1.1m
BANK OF AMERICA CORP /DE/ Added +991,842+991.8k
STATE OF WISCONSIN INVESTMENT BOARD Added +603,723+603.7k
Grantham, Mayo, Van Otterloo & Co. LLC New +553,000+553.0k
AQR Arbitrage LLC Added +469,227+469.2k

Biggest sellers

Antara Capital LP Reduced -1,184,385-1.2m
Magnetar Financial LLC Reduced -1,044,202-1.0m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -934,477-934.5k
RAMIUS ADVISORS LLC Reduced -371,808-371.8k
Versor Investments LP Reduced -368,735-368.7k
BANK OF MONTREAL /CAN/ Reduced -364,042-364.0k
NORGES BANK Reduced -347,732-347.7k
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY Sold out -340,528-340.5k
Crabel Capital Management, LLC Sold out -295,392-295.4k
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Sold out -248,061-248.1k

Biggest calls

NOMURA HOLDINGS INC New $21.9m1.3m shares
Walleye Trading LLC Added $11.0m642.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.8m569.6k shares
UBS Group AG New $7.5m438.5k shares
GROUP ONE TRADING LLC Reduced $4.8m282.0k shares
Maven Securities LTD New $4.3m250.0k shares
MILLENNIUM MANAGEMENT LLC Reduced $2.7m157.9k shares
JANE STREET GROUP, LLC Reduced $2.6m152.9k shares
SIMPLEX TRADING, LLC Added $1.9m108.2k shares
CITADEL ADVISORS LLC Reduced $1.2m71.4k shares

Biggest puts

Antara Capital LP Reduced $54.5m3.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $17.0m991.0k shares
CITIGROUP INC Added $13.1m764.0k shares
Walleye Trading LLC Added $5.9m341.1k shares
Maven Securities LTD New $5.8m339.3k shares
TWO SIGMA INVESTMENTS, LP Added $3.9m228.9k shares
GROUP ONE TRADING LLC Added $3.7m214.8k shares
JANE STREET GROUP, LLC Added $2.5m147.0k shares
IMC-Chicago, LLC Added $1.6m91.9k shares
SIMPLEX TRADING, LLC Added $1.5m87.4k 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.01% of their portfolio BOSTON, MA 11,991,99412.0m $205.9m $205.9m 0.01% Added +6.0m +5,956,390
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 10,337,39110.3m $177.5m $177.5m 0.00% Added +179.8k +179,812
3 BlackRock Inc. 0.00% of their portfolio New York, NY 7,770,0507.8m $133.4m $133.4m 0.00% Added +101.7k +101,731
4 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 3,690,7213.7m $63.4m $63.4m 0.02% Reduced -14.2k -14,238
5 Antara Capital LP 14.29% of their portfolio New York, NY 3,084,9453.1m $53.0m $53.0m 14.29% Reduced -1.2m -1,184,385
6 Magnetar Financial LLC 1.02% of their portfolio EVANSTON, IL 3,036,2853.0m $52.1m $52.1m 1.02% Reduced -1.0m -1,044,202
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,458,2992.5m $42.2m $42.2m 0.00% Reduced -12.1k -12,050
8 CYRUS CAPITAL PARTNERS, L.P. 6.83% of their portfolio New York, NY 2,115,8702.1m $36.1m $36.1m 6.83% New
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,086,8732.1m $35.8m $35.8m 0.00% Added +111.2k +111,174
10 Segantii Capital Management Ltd 1.57% of their portfolio HONG KONG, K3 2,034,3862.0m $34.9m $34.9m 1.57% Added +1.5m +1,479,386
11 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,969,8732.0m $33.8m $33.8m 0.01% Added +226.9k +226,887
12 Ancient Art, L.P. 6.46% of their portfolio AUSTIN, TX 1,725,0001.7m $29.6m $29.6m 6.46% New
13 STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio MADISON, WI 1,640,7711.6m $28.2m $28.2m 0.08% Added +603.7k +603,723
14 LETKO, BROSSEAU & ASSOCIATES INC 0.52% of their portfolio MONTREAL, A8 1,616,5201.6m $27.8m $27.8m 0.52% Added +249.7k +249,710
15 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,577,7421.6m $27.1m $27.1m 0.01% Added +44.5k +44,472
16 AQR Arbitrage LLC 0.80% of their portfolio Greenwich, CT 1,512,2691.5m $26.0m $26.0m 0.80% Added +469.2k +469,227
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,452,6861.5m $24.9m $24.9m 0.00% Added +991.8k +991,842
18 ALPINE ASSOCIATES MANAGEMENT INC. 1.30% of their portfolio PALM BEACH, FL 1,413,4141.4m $24.3m $24.3m 1.30% Reduced -13.0k -13,000
19 Versor Investments LP 2.82% of their portfolio New York, NY 1,251,1231.3m $21.5m $21.5m 2.82% Reduced -368.7k -368,735
20 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.51% of their portfolio CHICAGO, IL 1,250,0001.2m $21.5m $21.5m 0.51% New
21 MIG Capital, LLC 3.40% of their portfolio NEWPORT BEACH, CA 1,144,0511.1m $19.6m $19.6m 3.40% New
22 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 1,026,7291.0m $17.6m $17.6m 0.04% Added +207.0k +206,965
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 981,706981.7k $16.9m $16.9m 0.01% Added +15.5k +15,532
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 920,397920.4k $15.8m $15.8m 0.00% Reduced -20.5k -20,454
25 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 861,804861.8k $14.8m $14.8m 0.02% Reduced -156.9k -156,882
26 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 709,804709.8k $12.2m $12.2m 0.07% Added +292.5k +292,482
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 628,991629.0k $10.8m $10.8m 0.00% Reduced -74.0k -74,005
28 Hudson Bay Capital Management LP 0.06% of their portfolio STAMFORD, CT 626,910626.9k $10.8m $10.8m 0.06% Added +377.4k +377,367
29 Sonic GP LLC 7.87% of their portfolio HONOLULU, HI 600,000600.0k $10.3m $10.3m 7.87% Unchanged
30 Grantham, Mayo, Van Otterloo & Co. LLC 0.05% of their portfolio Boston, MA 553,000553.0k $9.5m $9.5m 0.05% New
31 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 543,303543.3k $9.3m $9.3m 0.00% Reduced -86.8k -86,827
32 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 506,678506.7k $8.7m $8.7m 0.00% Added +383.3k +383,289
33 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 500,097500.1k $8.6m $8.6m 0.01% Reduced -156.1k -156,099
34 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 477,426477.4k $8.2m $8.2m 0.00% Added +164.7k +164,741
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 445,627445.6k $7.7m $7.7m 0.00% Reduced -458 -458
36 ANQA MANAGEMENT LLC 10.64% of their portfolio SAG HARBOR, NY 443,307443.3k $7.6m $7.6m 10.64% Unchanged
37 Crestline Management, L.P. 0.92% of their portfolio FORT WORTH, TX 440,000440.0k $7.6m $7.6m 0.92% Added +240.0k +240,000
38 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 430,975431.0k $7.4m $7.4m 0.04% Added +239.6k +239,584
39 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 417,823417.8k $7.2m $7.2m 0.00% Reduced -934.5k -934,477
40 Brandywine Global Investment Management, LLC 0.03% of their portfolio PHILADELPHIA, PA 412,050412.1k $7.1m $7.1m 0.03% Added +205.8k +205,777
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 410,370410.4k $7.0m $7.0m 0.01% Added +398.7k +398,746
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 342,430342.4k $5.9m $5.9m 0.00% Added +10.4k +10,396
43 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.20% of their portfolio NORFOLK, VA 329,369329.4k $5.7m $5.7m 0.20% Added +23.8k +23,786
44 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 299,141299.1k $5.1m $5.1m 0.00% Added +1.4k +1,398
45 NORGES BANK 0.00% of their portfolio OSLO, Q8 261,853261.9k $4.5m $4.5m 0.00% Reduced -347.7k -347,732
46 CONGRESS ASSET MANAGEMENT CO 0.04% of their portfolio BOSTON, MA 258,719258.7k $4.4m $4.4m 0.04% New
47 PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio PASADENA, CA 234,600234.6k $4.0m $4.0m 0.00% Reduced -200 -200
48 EHP Funds Inc. 0.85% of their portfolio TORONTO, Z4 225,725225.7k $3.9m $3.9m 0.85% Added +17.7k +17,713
49 South Dakota Investment Council 0.08% of their portfolio SIOUX FALLS, SD 220,030220.0k $3.8m $3.8m 0.08% Added +43.1k +43,100
50 Keyframe Capital Partners, L.P. 2.33% of their portfolio New York, NY 213,932213.9k $3.7m $3.7m 2.33% New
51 GABELLI FUNDS LLC 0.03% of their portfolio Rye, NY 197,596197.6k $3.4m $3.4m 0.03% Added +44.9k +44,865
52 DLD Asset Management, LP 0.32% of their portfolio NEW YORK, NY 188,000188.0k $3.2m $3.2m 0.32% Added +88.0k +88,000
53 Philosophy Capital Management LLC 0.67% of their portfolio Alamo, CA 185,985186.0k $3.2m $3.2m 0.67% New
54 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 182,413182.4k $3.1m $3.1m 0.00% Added +452 +452
55 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 178,968179.0k $3.1m $3.1m 0.05% Added +128.2k +128,160
56 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 163,000163.0k $2.8m $2.8m 0.02% Reduced -82.0k -82,000
57 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 157,676157.7k $2.7m $2.7m 0.00% Reduced -115.7k -115,711
58 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 156,782156.8k $2.7m $2.7m 0.01% Reduced -3.2k -3,196
59 K2 PRINCIPAL FUND, L.P. 0.66% of their portfolio TORONTO, A6 140,727140.7k $2.4m $2.4m 0.66% Added +36.1k +36,062
60 GABELLI & Co INVESTMENT ADVISERS, INC. 0.46% of their portfolio Rye, NY 139,700139.7k $2.4m $2.4m 0.46% Added +31.3k +31,300
61 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 138,956139.0k $2.4m $2.4m 0.00% Reduced -44.2k -44,162
62 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 135,007135.0k $2.3m $2.3m 0.00% Reduced -651 -651
63 Athos Capital Ltd 0.00% of their portfolio HONG KONG, K3 122,800122.8k $2.1k $2.1k 0.00% New
64 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 120,779120.8k $2.1m $2.1m 0.00% Added +11.5k +11,502
65 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 103,809103.8k $1.8m $1.8m 0.00% Added +195 +195
66 One68 Global Capital, LLC 2.08% of their portfolio NEW YORK, NY 84,73184.7k $1.5m $1.5m 2.08% Added +18.7k +18,731
67 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 83,41283.4k $1.4m $1.4m 0.00% Reduced -189.7k -189,704
68 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 78,42978.4k $1.3m $1.3m 0.04% Added +27.1k +27,111
69 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 77,34277.3k $1.3m $1.3m 0.00% Reduced -141.7k -141,739
70 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 71,48471.5k $1.2m $1.2m 0.01% New
71 EQUITEC PROPRIETARY MARKETS, LLC 1.15% of their portfolio CHICAGO, IL 70,50070.5k $1.2m $1.2m 1.15% Unchanged
72 WATER ISLAND CAPITAL LLC 0.09% of their portfolio NEW YORK, NY 68,12668.1k $1.2m $1.2m 0.09% Added +6.7k +6,693
73 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 67,63867.6k $1.2m $1.2m 0.00% Added +40.9k +40,854
74 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 64,47764.5k $1.1m $1.1m 0.00% Reduced -2.7k -2,690
75 GSA CAPITAL PARTNERS LLP 0.11% of their portfolio LONDON, X0 64,07764.1k $1.1m $1.1m 0.11% New
76 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 63,00063.0k $1.1m $1.1m 0.01% Reduced -38.0k -38,000
77 UBS Group AG 0.00% of their portfolio ZURICH, V8 60,81360.8k $1.0m $1.0m 0.00% Reduced -187.9k -187,945
78 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 59,05059.0k $1.0m $1.0m 0.00% Added +34.3k +34,325
79 Swiss National Bank 0.00% of their portfolio ZURICH, V8 58,80058.8k $1.0m $1.0m 0.00% Reduced -6.9k -6,900
80 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 57,35857.4k $984.8k $984.8k 0.00% Reduced -23.0k -22,989
81 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 57,04357.0k $980.0k $980.0k 0.00% Added +1.3k +1,337
82 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 56,66956.7k $973.0k $973.0k 0.01% Unchanged
83 Quantbot Technologies LP 0.07% of their portfolio NEW YORK, NY 55,68255.7k $956.1k $956.1k 0.07% New
84 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.10% of their portfolio CEDAR RAPIDS, IA 54,40554.4k $934.1k $934.1k 0.10% Reduced -44.2k -44,178
85 VR Advisory Services Ltd 0.29% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 52,76552.8k $906.0k $906.0k 0.29% Reduced -147.2k -147,235
86 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 52,62752.6k $903.6k $903.6k 0.01% Added +1.0k +1,048
87 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 52,40552.4k $899.8k $899.8k 0.01% Added +8.1k +8,098
88 Cutler Group LLC / CA 0.14% of their portfolio SAN FRANCISCO, CA 51,73151.7k $888.0k $888.0k 0.14% Added +46.7k +46,688
89 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 49,47949.5k $849.0k $849.0k 0.01% Reduced -109.9k -109,905
90 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 46,76346.8k $802.9k $802.9k 0.00% Unchanged
91 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 46,56046.6k $799.4k $799.4k 0.00% Reduced -21.3k -21,281
92 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 46,17546.2k $792.8k $792.8k 0.00% Reduced -4.3k -4,305
93 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 44,50644.5k $733.0k $733.0k 0.00% Added +9.2k +9,226
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 43,57943.6k $748.8k $748.8k 0.00% Added +1.4k +1,375
95 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 41,75941.8k $717.0k $717.0k 0.00% Added +363 +363
96 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 41,52941.5k $713.1k $713.1k 0.00% Unchanged
97 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 41,47141.5k $712.1k $712.1k 0.00% Unchanged
98 Boston Partners 0.00% of their portfolio BOSTON, MA 38,05938.1k $653.5k $653.5k 0.00% New
99 Compagnie Lombard Odier SCmA 0.02% of their portfolio 1204 GENEVA, V8 37,12337.1k $637.4k $637.4k 0.02% Unchanged
100 Centiva Capital, LP 0.03% of their portfolio New York, NY 36,55536.6k $627.6k $627.6k 0.03% New