Vault-13

SPIRIT AIRLS INC SAVE

COM · Common Stock · CUSIP 848577102 · ISIN US8485771021

213 institutional holders -7 vs Q2 2023
73,307,18873.3m shares reported held*
$1.2bnreported value*
25 new 85 added 55 reduced 31 sold out net bought ≈ $9.6m (+581.1k 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 ≈ $16.49. Options: 40 managers hold calls ($252.8m notional), 27 hold puts ($163.3m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 225Q4 22: 222Q1 23: 219Q2 23: 220Q3 23: 213213Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022225
Q4 2022222
Q1 2023219
Q2 2023220
Q3 2023213

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 23Q3 23: 110 bought or addedQ3 23: 86 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202291103
Q1 2023103102
Q2 202391110
Q3 202311086

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ4 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 0.45Q3 23 calls: $252.8mQ3 23 puts: $163.3mQ3 23P/C 0.65
Numbers
QuarterCallsPutsP/C
Q4 2022$63.3m$109.9m1.74
Q1 2023$71.7m$113.7m1.59
Q2 2023$189.5m$86.1m0.45
Q3 2023$252.8m$163.3m0.65

Biggest buyers

Philosophy Capital Management LLC Added +573,703+573.7k
GROUP ONE TRADING LLC New +521,819+521.8k
ALPINE ASSOCIATES MANAGEMENT INC. Added +436,486+436.5k
Clearline Capital LP New +396,400+396.4k
AMERIPRISE FINANCIAL INC Added +363,424+363.4k
WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC Added +356,184+356.2k
MIG Capital, LLC Added +355,443+355.4k
Oasis Management Co Ltd. New +305,000+305.0k
AMERICAN CENTURY COMPANIES INC Added +293,517+293.5k
Weiss Multi-Strategy Advisers LLC New +241,051+241.1k

Biggest sellers

Segantii Capital Management Ltd Reduced -709,700-709.7k
NOMURA HOLDINGS INC Reduced -540,036-540.0k
FRANKLIN RESOURCES INC Sold out -523,349-523.3k
ING GROEP NV Sold out -400,000-400.0k
Ancient Art, L.P. Reduced -340,037-340.0k
DIMENSIONAL FUND ADVISORS LP Reduced -306,038-306.0k
DEUTSCHE BANK AG\ Reduced -284,346-284.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -271,318-271.3k
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -255,668-255.7k
CITADEL ADVISORS LLC Reduced -204,394-204.4k

Biggest calls

Antara Capital LP Reduced $64.1m3.9m shares
Hudson Bay Capital Management LP New $24.8m1.5m shares
GROUP ONE TRADING LLC Added $21.8m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.8m1.1m shares
NOMURA HOLDINGS INC Reduced $16.5m997.8k shares
Walleye Trading LLC Added $13.9m841.1k shares
CITIGROUP INC Added $11.0m664.0k shares
CITADEL ADVISORS LLC Added $8.9m538.2k shares
Segantii Capital Management Ltd New $8.2m5.0k shares
BANK OF AMERICA CORP /DE/ Added $7.9m480.0k shares

Biggest puts

NOMURA HOLDINGS INC Added $64.4m3.9m shares
Balyasny Asset Management L.P. New $32.2m2.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $15.3m927.4k shares
Caption Management, LLC New $11.9m721.0k shares
GROUP ONE TRADING LLC Added $9.8m595.5k shares
Walleye Trading LLC Added $6.4m388.1k shares
CITADEL ADVISORS LLC Added $5.3m320.1k shares
TWO SIGMA INVESTMENTS, LP Unchanged $3.8m228.9k shares
TIG Advisors, LLC New $3.0m179.9k shares
JANE STREET GROUP, LLC Added $2.9m176.9k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 10,350,19310.4m $170.8m $170.8m 0.00% Added +34.9k +34,883
2 BlackRock Inc. 0.00% of their portfolio New York, NY 7,872,5847.9m $129.9m $129.9m 0.00% Reduced -47.5k -47,480
3 FMR LLC 0.01% of their portfolio BOSTON, MA 5,296,2835.3m $87.4m $87.4m 0.01% Added +68.0k +67,977
4 CYRUS CAPITAL PARTNERS, L.P. 13.14% of their portfolio New York, NY 3,125,8703.1m $51.6m $51.6m 13.14% Unchanged
5 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 2,779,8652.8m $45.9m $45.9m 0.02% Reduced -306.0k -306,038
6 NOMURA HOLDINGS INC 0.50% of their portfolio TOKYO, M0 2,777,9972.8m $45.8m $45.8m 0.50% Reduced -540.0k -540,036
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,498,3172.5m $41.2m $41.2m 0.00% Added +14.3k +14,292
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,228,7092.2m $36.8m $36.8m 0.00% Added +85.9k +85,907
9 ALPINE ASSOCIATES MANAGEMENT INC. 1.65% of their portfolio PALM BEACH, FL 1,904,5001.9m $31.4m $31.4m 1.65% Added +436.5k +436,486
10 STATE OF WISCONSIN INVESTMENT BOARD 0.09% of their portfolio MADISON, WI 1,750,0801.8m $28.9m $28.9m 0.09% Added +26.2k +26,177
11 LETKO, BROSSEAU & ASSOCIATES INC 0.53% of their portfolio MONTREAL, A8 1,650,6201.7m $27.2m $27.2m 0.53% Added +3.8k +3,775
12 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,559,4301.6m $25.7m $25.7m 0.01% Reduced -189.8k -189,774
13 MIG Capital, LLC 4.58% of their portfolio NEWPORT BEACH, CA 1,499,4941.5m $24.7m $24.7m 4.58% Added +355.4k +355,443
14 Ancient Art, L.P. 4.91% of their portfolio AUSTIN, TX 1,384,9631.4m $22.9m $22.9m 4.91% Reduced -340.0k -340,037
15 CIBC WORLD MARKETS CORP 0.20% of their portfolio NEW YORK, NY 1,215,0001.2m $20.0m $20.0m 0.20% Unchanged
16 Philosophy Capital Management LLC 3.99% of their portfolio Alamo, CA 1,159,6381.2m $19.1m $19.1m 3.99% Added +573.7k +573,703
17 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.34% of their portfolio CHICAGO, IL 1,147,7711.1m $18.9m $18.9m 0.34% Reduced -27.8k -27,770
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,030,3631.0m $17.0m $17.0m 0.00% Added +52.4k +52,380
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 1,024,4131.0m $16.9m $16.9m 0.00% Added +37.0k +37,019
20 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 1,016,2961.0m $16.8m $16.8m 0.04% Reduced -933 -933
21 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 947,401947.4k $15.6m $15.6m 0.02% Added +210.6k +210,580
22 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 899,024899.0k $14.8m $14.8m 0.00% Added +2.9k +2,878
23 SG Americas Securities, LLC 0.17% of their portfolio NEW YORK, NY 790,910790.9k $13.1m $13.1m 0.17% Added +182.7k +182,706
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 695,364695.4k $11.5m $11.5m 0.00% Added +176.9k +176,920
25 IPG Investment Advisors LLC 2.53% of their portfolio SAN DIEGO, CA 695,040695.0k $11.5m $11.5m 2.53% Added +64.6k +64,580
26 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.38% of their portfolio NORFOLK, VA 672,186672.2k $11.1m $11.1m 0.38% Added +356.2k +356,184
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 654,626654.6k $10.8m $10.8m 0.00% Added +363.4k +363,424
28 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 626,269626.3k $10.3m $10.3m 0.01% Added +293.5k +293,517
29 Crestline Management, L.P. 1.18% of their portfolio FORT WORTH, TX 600,000600.0k $9.9m $9.9m 1.18% Added +91.7k +91,725
30 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 597,478597.5k $9.9m $9.9m 0.00% Added +179.7k +179,655
31 Keyframe Capital Partners, L.P. 7.20% of their portfolio New York, NY 543,932543.9k $9.0m $9.0m 7.20% Unchanged
32 Grantham, Mayo, Van Otterloo & Co. LLC 0.04% of their portfolio Boston, MA 534,200534.2k $8.8m $8.8m 0.04% Reduced -184.6k -184,600
33 GROUP ONE TRADING LLC 0.34% of their portfolio CHICAGO, IL 521,819521.8k $8.6m $8.6m 0.34% New
34 Sonic GP LLC 8.01% of their portfolio HONOLULU, HI 500,000500.0k $8.2m $8.2m 8.01% Reduced -100.0k -100,000
35 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 488,840488.8k $8.1m $8.1m 0.02% Reduced -255.7k -255,668
36 ANQA MANAGEMENT LLC 10.99% of their portfolio SAG HARBOR, NY 443,307443.3k $7.3m $7.3m 10.99% Unchanged
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 422,175422.2k $7.0m $7.0m 0.00% Added +2.0k +1,989
38 Clearline Capital LP 0.65% of their portfolio NEW YORK, NY 396,400396.4k $6.5m $6.5m 0.65% New
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 348,916348.9k $5.8m $5.8m 0.00% Added +184.1k +184,116
40 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 343,313343.3k $5.7m $5.7m 0.03% Reduced -111.1k -111,112
41 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 335,192335.2k $5.5m $5.5m 0.00% Added +62.4k +62,375
42 CONGRESS ASSET MANAGEMENT CO 0.05% of their portfolio BOSTON, MA 332,770332.8k $5.5m $5.5m 0.05% Added +465 +465
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 309,989310.0k $5.1m $5.1m 0.00% Added +66.3k +66,306
44 Oasis Management Co Ltd. 1.35% of their portfolio GRAND CAYMAN, E9 305,000305.0k $5.0m $5.0m 1.35% New
45 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 298,226298.2k $4.9m $4.9m 0.01% Reduced -83.0k -83,013
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 295,559295.6k $4.9m $4.9m 0.01% Reduced -271.3k -271,318
47 Segantii Capital Management Ltd 0.18% of their portfolio HONG KONG, K3 290,300290.3k $4.8m $4.8m 0.18% Reduced -709.7k -709,700
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 255,971256.0k $4.2m $4.2m 0.00% Added +126.2k +126,160
49 NORGES BANK 0.00% of their portfolio OSLO, Q8 241,421241.4k $4.0m $4.0m 0.00% Unchanged
50 Weiss Multi-Strategy Advisers LLC 0.10% of their portfolio NEW YORK, NY 241,051241.1k $4.0m $4.0m 0.10% New
51 PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio PASADENA, CA 212,700212.7k $3.5m $3.5m 0.00% Reduced -7.6k -7,600
52 South Dakota Investment Council 0.08% of their portfolio SIOUX FALLS, SD 210,769210.8k $3.5m $3.5m 0.08% Reduced -2.9k -2,900
53 Sand Grove Capital Management LLP 0.49% of their portfolio LONDON, X0 208,720208.7k $3.4m $3.4m 0.49% New
54 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 199,690199.7k $3.3m $3.3m 0.00% Reduced -636 -636
55 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 178,919178.9k $3.0m $3.0m 0.00% Added +94.6k +94,648
56 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 155,221155.2k $2.6m $2.6m 0.00% Reduced -135.1k -135,140
57 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 146,656146.7k $2.4m $2.4m 0.00% Added +10.2k +10,227
58 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 143,436143.4k $2.4m $2.4m 0.01% Added +123.4k +123,419
59 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 130,628130.6k $2.2m $2.2m 0.02% Added +117.0k +117,030
60 Caption Management, LLC 0.26% of their portfolio OKLAHOMA CITY, OK 123,341123.3k $2.0m $2.0m 0.26% New
61 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 120,442120.4k $2.0m $2.0m 0.00% Added +1.5k +1,469
62 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 120,230120.2k $2.0m $2.0m 0.02% Reduced -28.9k -28,950
63 GABELLI & Co INVESTMENT ADVISERS, INC. 0.30% of their portfolio Rye, NY 111,650111.7k $1.8m $1.8m 0.30% Reduced -24.8k -24,800
64 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 104,669104.7k $1.7m $1.7m 0.00% Added +4.3k +4,307
65 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 104,512104.5k $1.7m $1.7m 0.00% Added +518 +518
66 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 102,530102.5k $1.7m $1.7m 0.00% Added +58.9k +58,853
67 K2 PRINCIPAL FUND, L.P. 0.50% of their portfolio TORONTO, A6 101,489101.5k $1.7m $1.7m 0.50% Reduced -99.2k -99,238
68 PAR CAPITAL MANAGEMENT INC 0.06% of their portfolio BOSTON, MA 100,000100.0k $1.6m $1.6m 0.06% Reduced -4.5k -4,500
69 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 93,63993.6k $1.5m $1.5m 0.02% Added +44.4k +44,444
70 Berry Street Capital Management LLP 0.62% of their portfolio LONDON, X0 87,50087.5k $1.4m $1.4m 0.62% New
71 Diametric Capital, LP 0.59% of their portfolio BOSTON, MA 85,00085.0k $1.4m $1.4m 0.59% Added +45.0k +45,000
72 SkyView Investment Advisors, LLC 0.54% of their portfolio SHREWSBURY, NJ 80,99281.0k $1.3m $1.3m 0.54% Added +3.1k +3,115
73 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 77,04177.0k $1.3m $1.3m 0.00% Reduced -7.9k -7,906
74 J. Goldman & Co LP 0.06% of their portfolio NEW YORK, NY 75,69675.7k $1.2m $1.2m 0.06% Added +550 +550
75 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 73,46173.5k $1.2m $1.2m 0.00% Reduced -33.5k -33,486
76 EQUITEC PROPRIETARY MARKETS, LLC 1.19% of their portfolio CHICAGO, IL 71,50071.5k $1.2m $1.2m 1.19% Added +1.0k +1,000
77 PRELUDE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio NEW YORK, NY 69,01869.0k $1.1m $1.1m 0.10% Added +27.8k +27,830
78 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 66,31966.3k $1.1m $1.1m 0.02% Added +488 +488
79 KB FINANCIAL PARTNERS, LLC 0.31% of their portfolio PRINCETON, NJ 65,64165.6k $1.1m $1.1m 0.31% Added +478 +478
80 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 63,86663.9k $1.1m $1.1m 0.00% Added +5.7k +5,684
81 Swiss National Bank 0.00% of their portfolio ZURICH, V8 60,00060.0k $990.0k $990.0k 0.00% Added +1.2k +1,200
82 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 57,70657.7k $952.1k $952.1k 0.01% Unchanged
83 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 54,78954.8k $904.0k $904.0k 0.01% Added +1.9k +1,948
84 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 53,52353.5k $878.2k $878.2k 0.00% Added +3.7k +3,745
85 VR Advisory Services Ltd 0.31% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 52,76552.8k $870.6k $870.6k 0.31% Unchanged
86 Global Endowment Management, LP 0.09% of their portfolio CHARLOTTE, NC 51,09351.1k $843.0k $843.0k 0.09% New
87 Alpine Global Management, LLC 0.10% of their portfolio NEW YORK, NY 50,00050.0k $825.0k $825.0k 0.10% Reduced -150.0k -150,000
88 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 49,65949.7k $819.4k $819.4k 0.01% Reduced -23.1k -23,116
89 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 48,98049.0k $808.2k $808.2k 0.00% Reduced -84.0k -83,955
90 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 48,61648.6k $802.2k $802.2k 0.00% Reduced -284.3k -284,346
91 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 48,35948.4k $797.9k $797.9k 0.00% Reduced -12.2k -12,166
92 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 46,76346.8k $771.6k $771.6k 0.00% Unchanged
93 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 44,94444.9k $741.6k $741.6k 0.00% Reduced -233 -233
94 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 43,99744.0k $726.0k $726.0k 0.00% Added +387 +387
95 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 43,64743.6k $720.2k $720.2k 0.00% Added +5.4k +5,352
96 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 42,50042.5k $701.2k $701.2k 0.00% Reduced -204.4k -204,394
97 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 41,68441.7k $687.8k $687.8k 0.00% Added +103 +103
98 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 37,33737.3k $616.1k $616.1k 0.01% Reduced -2.1k -2,099
99 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 34,90034.9k $576.0k $576.0k 0.00% New
100 FIFTH LANE CAPITAL, LP 0.57% of their portfolio Austin, TX 34,20134.2k $564.3k $564.3k 0.57% New