Vault-13

SPIRIT AIRLS INC SAVE

COM · Common Stock · CUSIP 848577102 · ISIN US8485771021

226 institutional holders +13 vs Q3 2023
65,835,49465.8m shares reported held*
$1.1bnreported value*
46 new 76 added 53 reduced 39 sold out net sold ≈ $132.5m (-8.0m 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 ≈ $16.36. Options: 54 managers hold calls ($538.8m notional), 56 hold puts ($639.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 225Q4 22: 222Q1 23: 219Q2 23: 220Q3 23: 213Q4 23: 226226Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022225
Q4 2022222
Q1 2023219
Q2 2023220
Q3 2023213
Q4 2023226

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 23Q4 23: 122 bought or addedQ4 23: 92 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202291103
Q1 2023103102
Q2 202391110
Q3 202311086
Q4 202312292

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ1 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 0.65Q4 23 calls: $538.8mQ4 23 puts: $639.3mQ4 23P/C 1.19
Numbers
QuarterCallsPutsP/C
Q1 2023$71.7m$113.7m1.59
Q2 2023$189.5m$86.1m0.45
Q3 2023$252.8m$163.3m0.65
Q4 2023$538.8m$639.3m1.19

Biggest buyers

Diameter Capital Partners LP New +2,500,000+2.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +977,132+977.1k
Calamos Advisors LLC Added +967,421+967.4k
MILLENNIUM MANAGEMENT LLC Added +757,437+757.4k
Bank of New York Mellon Corp Added +755,546+755.5k
JANE STREET GROUP, LLC Added +666,538+666.5k
Antara Capital LP New +647,500+647.5k
JPMORGAN CHASE & CO Added +631,397+631.4k
NOMURA HOLDINGS INC Added +608,696+608.7k
MORGAN STANLEY Added +573,270+573.3k

Biggest sellers

FMR LLC Reduced -5,130,745-5.1m
CYRUS CAPITAL PARTNERS, L.P. Reduced -2,425,566-2.4m
LETKO, BROSSEAU & ASSOCIATES INC Sold out -1,650,620-1.7m
STATE OF WISCONSIN INVESTMENT BOARD Reduced -1,594,241-1.6m
ALPINE ASSOCIATES MANAGEMENT INC. Reduced -1,261,809-1.3m
MIG Capital, LLC Reduced -1,162,571-1.2m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Reduced -1,117,771-1.1m
ALLIANCEBERNSTEIN L.P. Reduced -907,412-907.4k
MARSHALL WACE, LLP Reduced -684,660-684.7k
WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC Sold out -672,186-672.2k

Biggest calls

Balyasny Asset Management L.P. New $67.4m4.1m shares
JPMORGAN CHASE & CO New $66.2m4.0m shares
GROUP ONE TRADING LLC Added $43.9m2.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $43.8m2.7m shares
Maven Securities LTD Added $30.5m1.9m shares
Finepoint Capital LP New $27.9m1.7m shares
UBS Group AG Added $25.0m1.5m shares
Marathon Trading Investment Management LLC Added $22.6m1.4m shares
CITADEL ADVISORS LLC Added $18.5m1.1m shares
D. E. Shaw & Co., Inc. Added $18.2m1.1m shares

Biggest puts

NOMURA HOLDINGS INC Added $93.8m5.7m shares
Balyasny Asset Management L.P. Added $68.2m4.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $46.1m2.8m shares
SOROS FUND MANAGEMENT LLC New $46.0m2.8m shares
GROUP ONE TRADING LLC Added $41.9m2.6m shares
III Capital Management New $34.8m2.1m shares
HBK INVESTMENTS L P Not comparable $30.0m1.8m shares
CITADEL ADVISORS LLC Added $28.6m1.7m shares
LMR Partners LLP New $25.8m1.6m shares
Calamos Advisors LLC New $25.4m1.5m 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 10,418,90310.4m $170.8m $170.8m 0.00% Added +68.7k +68,710
2 BlackRock Inc. 0.00% of their portfolio New York, NY 8,421,5448.4m $138.0m $138.0m 0.00% Added +549.0k +548,960
3 NOMURA HOLDINGS INC 0.50% of their portfolio TOKYO, M0 3,386,6933.4m $55.5m $55.5m 0.50% Added +608.7k +608,696
4 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 3,143,3843.1m $51.5m $51.5m 0.02% Added +363.5k +363,519
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,600,6502.6m $42.6m $42.6m 0.00% Added +102.3k +102,333
6 Diameter Capital Partners LP 10.11% of their portfolio New York, NY 2,500,0002.5m $41.0m $41.0m 10.11% New
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,338,1942.3m $38.3m $38.3m 0.00% Added +109.5k +109,485
8 Ancient Art, L.P. 4.99% of their portfolio AUSTIN, TX 1,825,2951.8m $29.9m $29.9m 4.99% Added +440.3k +440,332
9 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 1,704,8381.7m $27.9m $27.9m 0.03% Added +757.4k +757,437
10 Calamos Advisors LLC 0.11% of their portfolio NAPERVILLE, IL 1,310,7341.3m $21.5m $21.5m 0.11% Added +967.4k +967,421
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 1,272,6911.3m $20.9m $20.9m 0.04% Added +977.1k +977,132
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,268,6341.3m $20.8m $20.8m 0.00% Added +573.3k +573,270
13 CIBC WORLD MARKETS CORP 0.11% of their portfolio NEW YORK, NY 1,215,0001.2m $19.9m $19.9m 0.11% Unchanged
14 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,177,7211.2m $19.3m $19.3m 0.00% Added +755.5k +755,546
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 1,057,2241.1m $17.3m $17.3m 0.00% Added +32.8k +32,811
16 Philosophy Capital Management LLC 3.33% of their portfolio Alamo, CA 1,004,6381.0m $16.5m $16.5m 3.33% Reduced -155.0k -155,000
17 IPG Investment Advisors LLC 3.21% of their portfolio SAN DIEGO, CA 980,655980.7k $16.1m $16.1m 3.21% Added +285.6k +285,615
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 961,518961.5k $15.8m $15.8m 0.00% Added +62.5k +62,494
19 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 845,457845.5k $13.9m $13.9m 0.02% Added +666.5k +666,538
20 SG Americas Securities, LLC 0.15% of their portfolio NEW YORK, NY 824,426824.4k $13.5m $13.5m 0.15% Added +33.5k +33,516
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 786,618786.6k $12.9m $12.9m 0.00% Added +631.4k +631,397
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 767,443767.4k $12.6m $12.6m 0.00% Added +112.8k +112,817
23 CYRUS CAPITAL PARTNERS, L.P. 2.74% of their portfolio New York, NY 700,304700.3k $11.5m $11.5m 2.74% Reduced -2.4m -2,425,566
24 Sonic GP LLC 13.18% of their portfolio HONOLULU, HI 700,000700.0k $11.5m $11.5m 13.18% Added +200.0k +200,000
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 675,390675.4k $11.1m $11.1m 0.00% Reduced -355.0k -354,973
26 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 652,018652.0k $10.7m $10.7m 0.00% Reduced -907.4k -907,412
27 Antara Capital LP 40.63% of their portfolio New York, NY 647,500647.5k $10.6m $10.6m 40.63% New
28 ALPINE ASSOCIATES MANAGEMENT INC. 0.54% of their portfolio PALM BEACH, FL 642,691642.7k $10.5m $10.5m 0.54% Reduced -1.3m -1,261,809
29 Absolute Gestao de Investimentos Ltda. 3.57% of their portfolio SAO PAULO, D5 558,895558.9k $9.2m $9.2m 3.57% First filing
30 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 528,556528.6k $8.7m $8.7m 0.00% Reduced -68.9k -68,922
31 Crestline Management, L.P. 0.72% of their portfolio FORT WORTH, TX 473,074473.1k $7.8m $7.8m 0.72% Reduced -126.9k -126,926
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 413,136413.1k $6.8m $6.8m 0.00% Added +64.2k +64,220
33 Keyframe Capital Partners, L.P. 7.38% of their portfolio New York, NY 384,028384.0k $6.3m $6.3m 7.38% Reduced -159.9k -159,904
34 Segantii Capital Management Ltd 0.35% of their portfolio HONG KONG, K3 350,000350.0k $5.7m $5.7m 0.35% Added +59.7k +59,700
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 349,098349.1k $5.7m $5.7m 0.00% Added +39.1k +39,109
36 MIG Capital, LLC 0.77% of their portfolio NEWPORT BEACH, CA 336,923336.9k $5.5m $5.5m 0.77% Reduced -1.2m -1,162,571
37 THOMPSON SIEGEL & WALMSLEY LLC 0.09% of their portfolio RICHMOND, VA 334,855334.9k $5.5m $5.5m 0.09% New
38 CONGRESS ASSET MANAGEMENT CO 0.04% of their portfolio BOSTON, MA 333,198333.2k $5.5m $5.5m 0.04% Added +428 +428
39 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 331,636331.6k $5.4m $5.4m 0.01% Reduced -684.7k -684,660
40 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 306,747306.7k $5.0m $5.0m 0.00% Reduced -319.5k -319,522
41 Oasis Management Co Ltd. 1.69% of their portfolio GRAND CAYMAN, E9 305,000305.0k $5.0m $5.0m 1.69% Unchanged
42 GROUP ONE TRADING LLC 0.15% of their portfolio CHICAGO, IL 297,450297.4k $4.9m $4.9m 0.15% Reduced -224.4k -224,369
43 Susquehanna Portfolio Strategies, LLC 0.08% of their portfolio Bala Cynwyd, PA 288,474288.5k $4.7m $4.7m 0.08% First filing
44 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 277,380277.4k $4.5m $4.5m 0.05% Added +183.7k +183,741
45 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 258,485258.5k $4.2m $4.2m 0.00% Reduced -76.7k -76,707
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 220,356220.4k $3.6m $3.6m 0.00% Reduced -35.6k -35,615
47 South Dakota Investment Council 0.07% of their portfolio SIOUX FALLS, SD 210,769210.8k $3.5m $3.5m 0.07% Unchanged
48 LB Partners LLC 3.45% of their portfolio CHARLOTTESVILLE, VA 192,069192.1k $3.1m $3.1m 3.45% First filing
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 188,578188.6k $3.1m $3.1m 0.00% Reduced -11.1k -11,112
50 READYSTATE ASSET MANAGEMENT LP 0.18% of their portfolio CHICAGO, IL 187,420187.4k $3.1m $3.1m 0.18% New
51 Mariner, LLC 0.01% of their portfolio Overland Park, KS 181,857181.9k $3.0m $3.0m 0.01% New
52 FMR LLC 0.00% of their portfolio BOSTON, MA 165,538165.5k $2.7m $2.7m 0.00% Reduced -5.1m -5,130,745
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 163,953164.0k $2.7m $2.7m 0.00% Added +17.3k +17,297
54 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 159,327159.3k $2.6m $2.6m 0.02% Added +28.7k +28,699
55 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 155,839155.8k $2.6m $2.6m 0.01% Reduced -1.6m -1,594,241
56 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 144,977145.0k $2.4m $2.4m 0.01% Added +1.5k +1,541
57 ROMAN BUTLER FULLERTON & CO 0.34% of their portfolio ST LOUIS, MO 139,876139.9k $874.2k $874.2k 0.34% New
58 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 131,377131.4k $2.2m $2.2m 0.00% Added +28.8k +28,847
59 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 131,057131.1k $2.1m $2.1m 0.00% Added +10.6k +10,615
60 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 110,317110.3k $1.8m $1.8m 0.00% New
61 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 109,295109.3k $1.8m $1.8m 0.00% Added +4.8k +4,783
62 PAR CAPITAL MANAGEMENT INC 0.05% of their portfolio BOSTON, MA 100,000100.0k $1.6m $1.6m 0.05% Unchanged
63 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 95,51595.5k $1.6m $1.6m 0.00% Reduced -9.2k -9,154
64 CenterBook Partners LP 0.18% of their portfolio GREENWICH, CT 92,36292.4k $1.5m $1.5m 0.18% New
65 J. Goldman & Co LP 0.08% of their portfolio NEW YORK, NY 88,62988.6k $1.5m $1.5m 0.08% Added +12.9k +12,933
66 Wealth Group Ltd 0.20% of their portfolio EDEN PRAIRIE, MN 84,68584.7k $599.6k $599.6k 0.20% First filing
67 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 84,49384.5k $1.4m $1.4m 0.00% Added +11.0k +11,032
68 SkyView Investment Advisors, LLC 0.33% of their portfolio SHREWSBURY, NJ 80,74880.7k $1.3m $1.3m 0.33% Reduced -244 -244
69 PRELUDE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio NEW YORK, NY 76,34776.3k $1.3m $1.3m 0.11% Added +7.3k +7,329
70 MAVERICK CAPITAL LTD 0.02% of their portfolio DALLAS, TX 70,58470.6k $1.2m $1.2m 0.02% Added +59.2k +59,168
71 Jade Capital Advisors, LLC 0.70% of their portfolio Essex Fells, NJ 70,00070.0k $1.1m $1.1m 0.70% Added +40.0k +40,000
72 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 69,66769.7k $1.1m $1.1m 0.00% Added +5.8k +5,801
73 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 69,13469.1k $1.1m $1.1m 0.00% Added +15.6k +15,611
74 Clear Harbor Asset Management, LLC 0.10% of their portfolio Stamford, CT 65,36565.4k $1.1m $1.1m 0.10% New
75 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 64,53164.5k $1.1m $1.1m 0.02% Reduced -1.8k -1,788
76 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 61,00261.0k $999.8k $999.8k 0.01% Added +11.3k +11,343
77 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 57,70657.7k $945.8k $945.8k 0.01% Unchanged
78 Quantbot Technologies LP 0.05% of their portfolio NEW YORK, NY 57,13957.1k $936.5k $936.5k 0.05% New
79 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 55,44155.4k $908.7k $908.7k 0.00% Reduced -21.6k -21,600
80 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 54,56954.6k $894.4k $894.4k 0.00% Reduced -220 -220
81 Swiss National Bank 0.00% of their portfolio ZURICH, V8 53,80053.8k $881.8k $881.8k 0.00% Reduced -6.2k -6,200
82 CAPITAL ADVISORS INC/OK 0.02% of their portfolio TULSA, OK 50,00050.0k $819.5k $819.5k 0.02% New
83 Murchinson Ltd. 0.14% of their portfolio TORONTO, A6 50,00050.0k $819.5k $819.5k 0.14% New
84 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 49,39149.4k $809.5k $809.5k 0.00% Added +2.6k +2,628
85 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 47,40547.4k $777.0k $777.0k 0.00% Reduced -1.2k -1,211
86 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 44,91144.9k $736.1k $736.1k 0.00% Reduced -33 -33
87 Edgestream Partners, L.P. 0.05% of their portfolio Princeton, NJ 44,69644.7k $732.6k $732.6k 0.05% New
88 Entropy Technologies, LP 0.14% of their portfolio NEW YORK, NY 44,45044.5k $728.5k $728.5k 0.14% First filing
89 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 44,09144.1k $722.7k $722.7k 0.00% Added +94 +94
90 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 42,36942.4k $694.4k $694.4k 0.00% Reduced -6.0k -5,990
91 TOTAL INVESTMENT MANAGEMENT INC 0.09% of their portfolio SCOTTSDALE, AZ 41,33741.3k $677.5k $677.5k 0.09% Added +20.2k +20,237
92 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 41,19741.2k $675.2k $675.2k 0.00% Reduced -487 -487
93 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 40,07740.1k $656.0k $656.0k 0.02% New
94 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 39,56839.6k $648.5k $648.5k 0.00% Added +25.2k +25,157
95 Global Endowment Management, LP 0.07% of their portfolio CHARLOTTE, NC 39,41439.4k $646.0k $646.0k 0.07% Reduced -11.7k -11,679
96 Patriot Financial Group Insurance Agency, LLC 0.11% of their portfolio Westborough, MA 34,45934.5k $564.8k $564.8k 0.11% Added +9.7k +9,672
97 Belvedere Trading LLC 0.05% of their portfolio CHICAGO, IL 34,37234.4k $563.4k $563.4k 0.05% New
98 WEALTHSOURCE PARTNERS, LLC 0.04% of their portfolio SAN LUIS OBISPO, CA 33,94633.9k $556.4k $556.4k 0.04% Added +2.2k +2,190
99 Legal & General Group Plc 0.00% of their portfolio London, X0 33,73433.7k $552.9k $552.9k 0.00% Added +808 +808
100 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 33,62633.6k $551.1k $551.1k 0.00% Reduced -355 -355