Frontline

FRO • NYSE

Frontline is a oil & gas midstream company in the energy sector on NYSE, led by Lars H. Barstad, with a market cap of $5.1B. As of Q3 2025, 24% of shares are held by 166 institutional investors, with FOLKETRYGDFONDET as the largest holder at 5.71%.

CEOLars H. Barstad

Market Cap$5.1B

Oil & Gas Midstream

Energy

Employees88.0

Websitefrontlineplc.cy

Overview

Overview of institutional ownership in FRO as of Q3 2025 with a market cap of $5.1B

All Institutions

Institutions: 166
Value Held: $1.2B
Shares Held: 52.3M
Avg Position: $7.2M
Median Position: $785.8K

Hedge Funds

Hedge Funds: 29
Value Held: $172.8M
Shares Held: 7.6M
Avg Position: $6.0M
Median Position: $2.1M

Ownership Breakdown

Institutional (non-HF)

20.1%

$1.0B

Hedge Funds

3.41%

$172.8M

Retail & Other

76.49%

$3.9B

Based on market cap of $5.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FRO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
F FOLKETRYGDFONDET Institution	-	$289.7M 8.12% of portfolio	5.71% 12.7M shares	Q4 2015 Held for 9y 11m	$3.6B
FMR LLC Institution	-	$187.4M 0.01% of portfolio	3.69% 8.2M shares	Q4 2019 Held for 5y 11m	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$133.7M 0.00% of portfolio	2.62% 5.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dmitry Balyasny CIO	$51.2M 0.11% of portfolio	1.01% 2.2M shares	Q1 2022 Held for 3y 8m	$48.1B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$41.5M 0.00% of portfolio	0.82% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$36.8M 0.01% of portfolio	0.72% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
UBS Group AG Institution	Sergio P. Ermotti CEO	$27.2M 0.01% of portfolio	0.54% 1.2M shares	Q4 2014 Held for 10y 11m	$511.54B
S SG Americas Securities, LLC Institution	-	$24.1M 0.09% of portfolio	0.48% 1.1M shares	Q4 2023 Held for 1y 11m	$25.5B
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	$18.2M 0.03% of portfolio	0.36% 797.5K shares	Q2 2024 Held for 1y 5m	$61.8B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$17.6M 0.02% of portfolio	0.35% 770.3K shares	Q1 2021 Held for 4y 8m	$75.8B

Net Capital Flow

Institutional buying and selling activity for FRO in Q3 2025

Traded: −$18.4M
Buyers: 103
Sellers: 80
Total Bought: +$214.1M
Total Sold: −$232.5M
Avg Position: $5.8M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$82.8M +3.6M shares	$187.4M 8.2M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$15.6M +686.2K shares	$51.2M 2.2M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$9.4M +412.2K shares	$10.0M 437.8K shares
CITIGROUP INC Institution	+$9.0M +394.2K shares	$13.8M 606.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$7.2M +316.9K shares	$11.7M 513.1K shares
Merewether Investment Management, LP Hedge Fund•Sector	+$7.0M +306.8K shares	$14.3M 626.5K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$5.4M +237.3K shares	$7.4M 323.8K shares
R ROYAL BANK OF CANADA Institution	+$5.2M +229.8K shares	$11.9M 522.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$5.2M +226.6K shares	$9.5M 414.8K shares
Jain Global LLC Hedge Fund•Multi-Strategy	+$4.4M +191.3K shares	$4.4M 191.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
Encompass Capital Advisors LLC Hedge Fund•Long/Short	−$28.4M −1.7M shares	Sold Off 0 shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$25.9M −1.6M shares	Sold Off 0 shares
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short	−$23.5M −1.4M shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$22.4M −982.5K shares	$16.2M 710.1K shares
UBS Group AG Institution	−$13.3M −585.1K shares	$27.2M 1.2M shares
GOLDMAN SACHS GROUP INC Institution	−$12.1M −529.3K shares	$36.8M 1.6M shares
MIRABELLA FINANCIAL SERVICES LLP Institution	−$11.9M −725.0K shares	Sold Off 0 shares
H Hartree Partners, LP Institution	−$11.8M −721.1K shares	Sold Off 0 shares
Corigliano Investment Advisers, LLC Hedge Fund•Sector	−$8.2M −358.3K shares	$13.0M 569.2K shares
BANK OF AMERICA CORP /DE/ Institution	−$6.1M −268.8K shares	$8.2M 361.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FRO in Q3 2025

New Positions: 14
New Value: $9.7M
Exited Positions: 41
Exited Value: $140.8M

New Positions

Institution	Position Value
Jain Global LLC Hedge Fund•Multi-Strategy	$4.4M 191.3K shares
R Ruffer LLP Long Only Manager	$2.8M 124.8K shares
SILVER OAK SECURITIES, Inc RIA/Wealth	$972.6K 42.7K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$716.8K 38.2K shares
IMC-Chicago, LLC RIA/Wealth	$507.2K 22.3K shares
S State of Alaska, Department of Revenue Institution	$184.2K 8.1K shares
A Atlantic Trust Group, LLC Institution	$80.3K 3.5K shares
JNBA Financial Advisors RIA/Wealth	$5.7K 250.0 shares
R Root Financial Partners, LLC RIA/Wealth	$2.8K 122.0 shares
GGM Financials LLC RIA/Wealth	$2.5K 110.0 shares

Exited Positions

Institution	Previous Position
Encompass Capital Advisors LLC Hedge Fund•Long/Short	$28.4M 1.7M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$25.9M 1.6M shares
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short	$23.5M 1.4M shares
MIRABELLA FINANCIAL SERVICES LLP Institution	$11.9M 725.0K shares
H Hartree Partners, LP Institution	$11.8M 721.1K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$5.4M 327.2K shares
Robeco Investment Management, Inc. Long Only Manager	$4.6M 277.5K shares
Walleye Trading LLC RIA/Wealth	$3.8M 232.6K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$3.3M 200.0K shares
A Aventail Capital Group, LP Hedge Fund•Long/Short	$3.0M 180.3K shares

Options Activity

Institutions with the largest Call and Put options positions in FRO as of Q3 2025

Call Positions: 16
Call Value: $46.8M
Put Positions: 11
Put Value: $42.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$12.8M 5.6K contracts
P PEAK6 LLC Institution	$12.0M 5.3K contracts
Walleye Trading LLC RIA/Wealth	$4.4M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.1M 1.8K contracts
D D. E. Shaw & Co., Inc. Institution	$3.8M 1.7K contracts
S SIH Partners, LLLP Institution	$3.4M 1.5K contracts
J JANE STREET GROUP, LLC Institution	$2.0M 879.0 contracts
S SALT Holding Corp. Institution	$1.1M 477.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.1M 476.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.0M 459.0 contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$14.8M 6.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$10.2M 4.5K contracts
S SIH Partners, LLLP Institution	$8.7M 3.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.5M 1.5K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.4M 596.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.1M 500.0 contracts
Walleye Trading LLC RIA/Wealth	$811.3K 356.0 contracts
LEUCADIA NATIONAL CORP Institution	$797.7K 350.0 contracts
W WOLVERINE TRADING, LLC Institution	$380.9K 167.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$280.3K 123.0 contracts

Most Committed Institutions

Institutions with FRO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F FOLKETRYGDFONDET Institution	-	8.12% $289.7M	5.71% 12.7M shares	Q4 2015 Held for 9y 11m	$3.6B
A ARMOR ADVISORS, L.L.C. Hedge Fund•Multi-Strategy	Eden Nanazia CFO	4.54% $4.8M	0.09% 210.3K shares	Q4 2022 Held for 2y 11m	$105.5M
Corigliano Investment Advisers, LLC Hedge Fund•Sector	Mark E Corigliano CEO	4.20% $13.0M	0.26% 569.2K shares	Q1 2025 Held for 8 months	$308.5M
Glenorchy Capital Ltd Hedge Fund•Global Macro	Bradley Thomas Mcfadden CIO	3.04% $4.2M	0.08% 183.6K shares	Q4 2023 Held for 1y 11m	$137.8M
G GeoSphere Capital Management Hedge Fund•Long/Short	Arvind Singh Sanger CIO	2.09% $2.7M	0.05% 120.0K shares	Q3 2024 Held for 1y 2m	$131.0M
Kiker Wealth Management, LLC RIA/Wealth	Lawrence Howard Levy Managing Partner	1.08% $2.1M	0.04% 93.9K shares	Q1 2025 Held for 8 months	$198.0M
S SIH Partners, LLLP Institution	-	0.67% $7.6M	0.15% 335.0K shares	Q4 2024 Held for 11 months	$1.1B
S Svenska Handelsbanken AB Institution	-	0.63% $1.8M	0.04% 79.1K shares	Q4 2024 Held for 11 months	$285.6M
Range Financial Group LLC RIA/Wealth	Eric Robert Dahm Managing Partner	0.60% $1.7M	0.03% 73.3K shares	Q3 2025 Held for 2 months	$276.8M
Oxbow Advisors, LLC RIA/Wealth	Chance Michael Finucane CIO	0.53% $4.8M	0.09% 209.2K shares	Q2 2025 Held for 5 months	$897.1M