[SCHEDULE 13G] Spirit Airlines, Inc. SEC Filing
Rokos Capital Management (US) LP and its principal Christopher Rokos reported beneficial ownership of 1,327,419 shares of Spirit Aviation Holdings, Inc. common stock, representing 5.1% of the outstanding class. The shares are held in Rokos Global Macro Master Fund LP, which RCM advises; Mr. Rokos is identified as the ultimate beneficial owner. The filing shows shared voting power and shared dispositive power over all reported shares and explicitly reports no sole voting or dispositive power. The issuer's principal executive offices are listed in Dania Beach, Florida. The filing includes a joint filing agreement as an exhibit. This Schedule 13G disclosure designates the position as a passive reporting stake rather than an active control filing.
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Insights
TL;DR: Rokos reports a passive 5.1% stake (1.33M shares) in Spirit Aviation via an advised fund; material as a disclosure but not a control block.
The filing shows 1,327,419 shares beneficially owned, all with shared voting and dispositive power and no sole voting or dispositive power. Because this is a Schedule 13G, the position is reported as passive rather than an active acquisition under Schedule 13D. For investors, the filing is significant as a >5% ownership disclosure, which can affect shareholder register composition and voting dynamics, but does not by itself indicate a change in corporate control or an activist intent.
TL;DR: A disclosed 5.1% shared voting stake may influence governance dialogue but the Schedule 13G classification signals a passive holding.
The report confirms shared voting and dispositive authority over the reported shares and identifies Christopher Rokos as the ultimate beneficial owner of the advising entity. The absence of sole voting power and the use of a Schedule 13G suggest the filer is not currently asserting control. Still, a disclosed >5% holder can be a meaningful counterparty for management on governance matters and may be monitored by other shareholders.