Vault-13

SPIRIT AIRLS INC SAVE

COM · Common Stock · CUSIP 848577102 · ISIN US8485771021

220 institutional holders +1 vs Q1 2023
72,703,03872.7m shares reported held*
$1.2bnreported value*
37 new 54 added 71 reduced 39 sold out net sold ≈ $204.7m (-12.1m 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 ($403.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.15. Options: 25 managers hold calls ($189.5m notional), 18 hold puts ($86.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 225Q4 22: 222Q1 23: 219Q2 23: 220220Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022225
Q4 2022222
Q1 2023219
Q2 2023220

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 23Q2 23: 91 bought or addedQ2 23: 110 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202291103
Q1 2023103102
Q2 202391110

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 1.59Q2 23 calls: $189.5mQ2 23 puts: $86.1mQ2 23P/C 0.45
Numbers
QuarterCallsPutsP/C
Q3 2022$85.5m$191.6m2.24
Q4 2022$63.3m$109.9m1.74
Q1 2023$71.7m$113.7m1.59
Q2 2023$189.5m$86.1m0.45

Biggest buyers

NOMURA HOLDINGS INC New +3,318,033+3.3m
CIBC WORLD MARKETS CORP New +1,215,000+1.2m
CYRUS CAPITAL PARTNERS, L.P. Added +1,010,000+1.0m
ADAGE CAPITAL PARTNERS GP, L.L.C. New +744,508+744.5k
IPG Investment Advisors LLC New +630,460+630.5k
SG Americas Securities, LLC New +608,204+608.2k
ING GROEP NV New +400,000+400.0k
Philosophy Capital Management LLC Added +399,950+399.9k
Keyframe Capital Partners, L.P. Added +330,000+330.0k
AMERICAN CENTURY COMPANIES INC Added +288,246+288.2k

Biggest sellers

FMR LLC Reduced -6,763,688-6.8m
Antara Capital LP Sold out -3,084,945-3.1m
Magnetar Financial LLC Sold out -3,036,285-3.0m
AQR Arbitrage LLC Sold out -1,512,269-1.5m
Versor Investments LP Sold out -1,251,123-1.3m
BANK OF AMERICA CORP /DE/ Reduced -1,209,003-1.2m
Segantii Capital Management Ltd Reduced -1,034,386-1.0m
GOLDMAN SACHS GROUP INC Reduced -991,890-991.9k
Hudson Bay Capital Management LP Sold out -626,910-626.9k
DIMENSIONAL FUND ADVISORS LP Reduced -604,818-604.8k

Biggest calls

Antara Capital LP New $98.2m5.7m shares
NOMURA HOLDINGS INC Added $33.1m1.9m shares
Walleye Trading LLC Added $11.3m656.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.1m646.8k shares
GROUP ONE TRADING LLC Added $6.7m389.0k shares
CITIGROUP INC New $6.0m347.9k shares
UBS Group AG Reduced $5.2m304.0k shares
J. Goldman & Co LP New $4.5m263.7k shares
JANE STREET GROUP, LLC Added $3.8m219.4k shares
CITADEL ADVISORS LLC Added $2.3m134.8k shares

Biggest puts

NOMURA HOLDINGS INC New $55.0m3.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.2m709.5k shares
Walleye Trading LLC Reduced $4.0m231.4k shares
TWO SIGMA INVESTMENTS, LP Unchanged $3.9m228.9k shares
CITIGROUP INC Reduced $2.6m153.8k shares
JANE STREET GROUP, LLC Reduced $2.1m122.2k shares
GROUP ONE TRADING LLC Reduced $1.6m93.2k shares
EQUITEC PROPRIETARY MARKETS, LLC Unchanged $1.2m70.5k shares
SIMPLEX TRADING, LLC Reduced $1.1m65.5k shares
SUMMIT SECURITIES GROUP LLC Added $779.0k45.4k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 10,315,31010.3m $177.0m $177.0m 0.00% Reduced -22.1k -22,081
2 BlackRock Inc. 0.00% of their portfolio New York, NY 7,920,0647.9m $135.9m $135.9m 0.00% Added +150.0k +150,014
3 FMR LLC 0.01% of their portfolio BOSTON, MA 5,228,3065.2m $89.7m $89.7m 0.01% Reduced -6.8m -6,763,688
4 NOMURA HOLDINGS INC 0.58% of their portfolio TOKYO, M0 3,318,0333.3m $56.9m $56.9m 0.58% New
5 CYRUS CAPITAL PARTNERS, L.P. 10.52% of their portfolio New York, NY 3,125,8703.1m $53.6m $53.6m 10.52% Added +1.0m +1,010,000
6 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 3,085,9033.1m $53.0m $53.0m 0.02% Reduced -604.8k -604,818
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,484,0252.5m $42.6m $42.6m 0.00% Added +25.7k +25,726
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,142,8022.1m $36.8m $36.8m 0.00% Added +55.9k +55,929
9 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,749,2041.7m $30.0m $30.0m 0.01% Added +171.5k +171,462
10 Ancient Art, L.P. 6.27% of their portfolio AUSTIN, TX 1,725,0001.7m $29.6m $29.6m 6.27% Unchanged
11 STATE OF WISCONSIN INVESTMENT BOARD 0.08% of their portfolio MADISON, WI 1,723,9031.7m $29.6m $29.6m 0.08% Added +83.1k +83,132
12 LETKO, BROSSEAU & ASSOCIATES INC 0.53% of their portfolio MONTREAL, A8 1,646,8451.6m $28.3m $28.3m 0.53% Added +30.3k +30,325
13 ALPINE ASSOCIATES MANAGEMENT INC. 1.13% of their portfolio PALM BEACH, FL 1,468,0141.5m $25.2m $25.2m 1.13% Added +54.6k +54,600
14 CIBC WORLD MARKETS CORP 0.17% of their portfolio NEW YORK, NY 1,215,0001.2m $20.8m $20.8m 0.17% New
15 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.43% of their portfolio CHICAGO, IL 1,175,5411.2m $20.2m $20.2m 0.43% Reduced -74.5k -74,459
16 MIG Capital, LLC 3.55% of their portfolio NEWPORT BEACH, CA 1,144,0511.1m $19.6m $19.6m 3.55% Unchanged
17 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 1,017,2291.0m $17.5m $17.5m 0.04% Reduced -9.5k -9,500
18 Segantii Capital Management Ltd 1.01% of their portfolio HONG KONG, K3 1,000,0001.0m $17.2m $17.2m 1.01% Reduced -1.0m -1,034,386
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 987,394987.4k $16.9m $16.9m 0.00% Added +5.7k +5,688
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 977,983978.0k $16.8m $16.8m 0.00% Reduced -991.9k -991,890
21 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 896,146896.1k $15.4m $15.4m 0.00% Reduced -24.3k -24,251
22 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio Boston, MA 744,508744.5k $12.8m $12.8m 0.03% New
23 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 736,821736.8k $12.6m $12.6m 0.01% Reduced -125.0k -124,983
24 Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio Boston, MA 718,800718.8k $12.3m $12.3m 0.06% Added +165.8k +165,800
25 IPG Investment Advisors LLC 2.36% of their portfolio SAN DIEGO, CA 630,460630.5k $10.8m $10.8m 2.36% New
26 SG Americas Securities, LLC 0.09% of their portfolio NEW YORK, NY 608,204608.2k $10.4m $10.4m 0.09% New
27 Sonic GP LLC 6.87% of their portfolio HONOLULU, HI 600,000600.0k $10.3m $10.3m 6.87% Unchanged
28 Philosophy Capital Management LLC 2.25% of their portfolio Alamo, CA 585,935585.9k $10.1m $10.1m 2.25% Added +399.9k +399,950
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 566,877566.9k $9.7m $9.7m 0.02% Added +156.5k +156,507
30 Keyframe Capital Partners, L.P. 6.07% of their portfolio New York, NY 543,932543.9k $9.3m $9.3m 6.07% Added +330.0k +330,000
31 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 523,349523.3k $9.0m $9.0m 0.00% Added +16.7k +16,671
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 518,444518.4k $8.9m $8.9m 0.00% Reduced -110.5k -110,547
33 Crestline Management, L.P. 0.95% of their portfolio FORT WORTH, TX 508,275508.3k $8.7m $8.7m 0.95% Added +68.3k +68,275
34 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 454,425454.4k $7.8m $7.8m 0.04% Added +23.4k +23,450
35 ANQA MANAGEMENT LLC 8.48% of their portfolio SAG HARBOR, NY 443,307443.3k $7.6m $7.6m 8.48% Unchanged
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 420,186420.2k $7.2m $7.2m 0.00% Reduced -25.4k -25,441
37 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% Unchanged
38 ING GROEP NV 0.05% of their portfolio AMSTERDAM, P7 400,000400.0k $6.9m $6.9m 0.05% New
39 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 381,239381.2k $6.5m $6.5m 0.03% Reduced -328.6k -328,565
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 332,962333.0k $5.7m $5.7m 0.00% Reduced -144.5k -144,464
41 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 332,752332.8k $5.7m $5.7m 0.00% Added +288.2k +288,246
42 CONGRESS ASSET MANAGEMENT CO 0.05% of their portfolio BOSTON, MA 332,305332.3k $5.7m $5.7m 0.05% Added +73.6k +73,586
43 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.18% of their portfolio NORFOLK, VA 316,002316.0k $5.4m $5.4m 0.18% Reduced -13.4k -13,367
44 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 291,202291.2k $5.0m $5.0m 0.00% Reduced -7.9k -7,939
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 290,361290.4k $5.0m $5.0m 0.00% Reduced -52.1k -52,069
46 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 272,817272.8k $4.7m $4.7m 0.00% Reduced -270.5k -270,486
47 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 246,894246.9k $4.2m $4.2m 0.00% Reduced -253.2k -253,203
48 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 243,683243.7k $4.2m $4.2m 0.00% Reduced -1.2m -1,209,003
49 NORGES BANK 0.00% of their portfolio OSLO, Q8 241,421241.4k $4.1m $4.1m 0.00% Reduced -20.4k -20,432
50 PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio PASADENA, CA 220,300220.3k $3.8m $3.8m 0.00% Reduced -14.3k -14,300
51 South Dakota Investment Council 0.08% of their portfolio SIOUX FALLS, SD 213,669213.7k $3.7m $3.7m 0.08% Reduced -6.4k -6,361
52 K2 PRINCIPAL FUND, L.P. 1.10% of their portfolio TORONTO, A6 200,727200.7k $3.4m $3.4m 1.10% Added +60.0k +60,000
53 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 200,326200.3k $3.4m $3.4m 0.00% Added +17.9k +17,913
54 Alpine Global Management, LLC 0.50% of their portfolio NEW YORK, NY 200,000200.0k $3.4m $3.4m 0.50% New
55 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 164,800164.8k $2.8m $2.8m 0.00% Added +25.8k +25,844
56 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 163,000163.0k $2.8m $2.8m 0.02% Unchanged
57 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 149,180149.2k $2.6m $2.6m 0.02% Reduced -48.4k -48,416
58 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 138,094138.1k $2.4m $2.4m 0.00% Reduced -19.6k -19,582
59 GABELLI & Co INVESTMENT ADVISERS, INC. 0.39% of their portfolio Rye, NY 136,450136.4k $2.3m $2.3m 0.39% Reduced -3.2k -3,250
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 136,429136.4k $2.3m $2.3m 0.00% Added +1.4k +1,422
61 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 132,935132.9k $2.3m $2.3m 0.00% Reduced -23.8k -23,847
62 UBS Group AG 0.00% of their portfolio ZURICH, V8 129,811129.8k $2.2m $2.2m 0.00% Added +69.0k +68,998
63 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 118,973119.0k $2.0m $2.0m 0.00% Reduced -1.8k -1,806
64 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 106,947106.9k $1.8m $1.8m 0.00% Added +29.6k +29,605
65 PAR CAPITAL MANAGEMENT INC 0.06% of their portfolio BOSTON, MA 104,500104.5k $1.8m $1.8m 0.06% New
66 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 103,994104.0k $1.8m $1.8m 0.00% Added +185 +185
67 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 100,362100.4k $1.7m $1.7m 0.00% Added +41.3k +41,312
68 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 88,21088.2k $1.5m $1.5m 0.01% Added +35.8k +35,805
69 Brookfield Corp /ON/ 0.01% of their portfolio TORONTO, A6 85,00085.0k $1.5m $1.5m 0.01% New
70 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 84,94784.9k $1.5m $1.5m 0.00% Added +38.4k +38,387
71 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 84,27184.3k $1.4m $1.4m 0.00% Added +55.2k +55,232
72 SkyView Investment Advisors, LLC 0.33% of their portfolio SHREWSBURY, NJ 77,87777.9k $1.3m $1.3m 0.33% New
73 J. Goldman & Co LP 0.07% of their portfolio NEW YORK, NY 75,14675.1k $1.3m $1.3m 0.07% New
74 WATER ISLAND CAPITAL LLC 0.12% of their portfolio NEW YORK, NY 72,80572.8k $1.2m $1.2m 0.12% Added +4.7k +4,679
75 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 72,77572.8k $1.2m $1.2m 0.01% New
76 EQUITEC PROPRIETARY MARKETS, LLC 0.86% of their portfolio CHICAGO, IL 70,50070.5k $1.2m $1.2m 0.86% Unchanged
77 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 65,83165.8k $1.1m $1.1m 0.02% New
78 KB FINANCIAL PARTNERS, LLC 0.31% of their portfolio PRINCETON, NJ 65,16365.2k $1.1m $1.1m 0.31% New
79 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 60,52560.5k $1.0m $1.0m 0.00% Reduced -4.0k -3,952
80 Swiss National Bank 0.00% of their portfolio ZURICH, V8 58,80058.8k $1.0m $1.0m 0.00% Unchanged
81 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 58,18258.2k $999.0k $999.0k 0.00% Added +1.1k +1,139
82 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 57,70657.7k $990.2k $990.2k 0.01% Added +1.0k +1,037
83 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 52,84152.8k $906.8k $906.8k 0.01% Added +214 +214
84 VR Advisory Services Ltd 0.29% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 52,76552.8k $905.4k $905.4k 0.29% Unchanged
85 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 49,77849.8k $856.7k $856.7k 0.00% Added +6.2k +6,199
86 OCCUDO QUANTITATIVE STRATEGIES LP 0.09% of their portfolio FORT LAUDERDALE, FL 49,43249.4k $848.3k $848.3k 0.09% New
87 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 49,19549.2k $844.2k $844.2k 0.01% Reduced -129.8k -129,773
88 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 48,48148.5k $831.9k $831.9k 0.00% New
89 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 46,76346.8k $802.5k $802.5k 0.00% Unchanged
90 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 45,17745.2k $775.2k $775.2k 0.00% Reduced -12.2k -12,181
91 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 43,67743.7k $749.5k $749.5k 0.00% New
92 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 43,61043.6k $748.3k $748.3k 0.00% Added +2.1k +2,139
93 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 41,58141.6k $713.5k $713.5k 0.00% Added +52 +52
94 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 41,50041.5k $712.1k $712.1k 0.02% New
95 PRELUDE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 41,18841.2k $706.8k $706.8k 0.06% Added +9.7k +9,741
96 Diametric Capital, LP 0.31% of their portfolio BOSTON, MA 40,00040.0k $686.4k $686.4k 0.31% New
97 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 39,43639.4k $676.7k $676.7k 0.01% Added +27.8k +27,757
98 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 38,43538.4k $659.5k $659.5k 0.00% Reduced -45.0k -44,977
99 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 38,29538.3k $657.1k $657.1k 0.00% Reduced -29.3k -29,343
100 Compagnie Lombard Odier SCmA 0.02% of their portfolio 1204 GENEVA, V8 37,12337.1k $637.0k $637.0k 0.02% Unchanged